Common use of Title to Collateral; Perfected Security Interest Clause in Contracts

Title to Collateral; Perfected Security Interest. The Pledgor has good and marketable title to the Pledged Items, free of all Liens (other than the Lien created by this Collateral Agreement) and Transfer Restrictions (except for any restrictions as contemplated in Section 3(e) hereof). Upon delivery or transfer of the Pledged Items as described in paragraph (b), (c) and (d) of Section 1 to the Collateral Agent hereunder, the Collateral Agent will obtain a valid and, to the extent that perfection can be obtained under the UCC, first priority perfected security interest in such Pledged Items subject to no other Lien. None of the Collateral is or shall be pledged by the Pledgor as collateral for any other purpose.

Title to Collateral; Perfected Security Interest. The Pledgor has good and marketable title to the Pledged Items, free of all Liens (other than the Lien created by this Collateral Agreement) and Transfer Restrictions (except for any restrictions as contemplated in Section 3(e) hereof). Upon delivery or transfer of the Pledged Items as described in paragraph (b), (c) and (d) of Section 1 to the Collateral Agent hereunder, the Collateral Agent will obtain a valid and, to the extent that perfection can be obtained under the UCC, first priority perfected security interest in in, and a first lien upon, such Pledged Items subject to no other Lien. None of the Collateral is or shall be pledged by the Pledgor as collateral for any other purpose.

Title to Collateral; Perfected Security Interest. The ------------------------------------------------ Pledgor has good and marketable title to the Pledged Items, free of all Liens (other than the Lien created by this Collateral Agreement) and Transfer Restrictions (except for any restrictions legend as contemplated provided in Section 3(e) hereof). Upon delivery or transfer of the Pledged Items as described in paragraph paragraphs (b), (c) and (dc) of Section 1 to the Collateral Agent hereunder, the Collateral Agent will obtain a valid and, to the extent that perfection can be obtained under the UCCvalid, first priority perfected security interest in in, and a first lien upon, such Pledged Items subject to no other Lien. None of the Collateral is or shall be pledged by the Pledgor as collateral for any other purpose.

Title to Collateral; Perfected Security Interest. The Pledgor has good and marketable title to the Pledged Items, free of all Liens (other than the Lien created by this Collateral Agreement) and Transfer Restrictions (except for any restrictions as contemplated in Section 3(e) hereof). Upon delivery or transfer of the Pledged Items as described in paragraph (b), (c) and (dc) of Section 1 to the Collateral Agent hereunder, the Collateral Agent will obtain a valid and, to the extent that perfection can be obtained under the UCC, first priority perfected security interest in such Pledged Items subject to no other Lien. None of the Collateral is or shall be pledged by the Pledgor as collateral for any other purpose.