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

Title to Collateral; Perfected Security Interest. The Pledgor: (i) owns the Pledged Items, free of all Liens (other than the Lien created by this Agreement) and Transfer Restrictions (except for the Permitted Transfer Restrictions); and (ii) is not and will not become a party to or be otherwise bound by any agreement, other than this Agreement and the Indenture, that (x) restricts in any manner the rights of any present or future owner of the Collateral with respect thereto or (y) provides any Person other than Pledgor or any securities intermediary through which any Collateral is held (but, in the case of any such securities intermediary, only with respect to Collateral held though it) with Control with respect to any Collateral. Upon delivery or transfer to the Collateral Agent of Pledged Items as described in Sections 1(b) and (c), the Collateral Agent will have obtained, for the benefit of the Indenture Trustee, a valid and first priority perfected security interest in such Collateral, in respect of which the Collateral Agent will have Control, 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: Pledgor has (i) owns 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 the Permitted Transfer Restrictions); and any restrictions as contemplated in Section 3(e) hereof) and (ii) is not and will not become a party to or be otherwise bound by any agreement, other than this Agreement and the IndentureAgreement, that (x) restricts in any manner the rights of any present or future owner of the Collateral with respect thereto or (y) provides any Person other than Pledgor or any securities intermediary through which any Collateral is held (but, in the case of any such securities intermediary, only with respect to Collateral held though it) with Control with respect to any Collateral. Upon delivery or transfer to the Collateral Agent of Pledged Items as described in Sections 1(bparagraph (b) and (c)) of Section 1 hereunder, the Collateral Agent will have obtained, for the benefit of the Indenture TrusteePurchase Contract Agent, a valid and first priority perfected security interest in such Collateral, in respect of which the Collateral Agent will have Control, 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: Pledgor has (i) owns 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 the Permitted Transfer Restrictions); and any restrictions as contemplated in Section 3(e) hereof) and (ii) is not and will not become a party to or be otherwise bound by any agreement, other than this Agreement and the IndentureAgreement, that (x) restricts in any manner the rights of any present or future owner of the Collateral with respect thereto or (y) provides any Person other than Pledgor or any securities intermediary through which any Collateral is held (but, in the case of any such securities intermediary, only with respect to Collateral held though it) with Control with respect to any Collateral. Upon delivery or transfer to the Collateral Agent of Pledged Items as described in Sections 1(bparagraph (b) and (c)) of Section 1 hereunder, the Collateral Agent will have obtained, for the benefit of the Indenture TrusteePurchase Contract Agent, a valid and first priority perfected security interest in such Collateral, in respect of which the Collateral Agent will have Control, subject to no other Lien. None of the Collateral is or shall be pledged by the Pledgor as collateral for any other purpose.will