Title to Collateral Security Interest Sample Clauses

Title to Collateral Security Interest. At each Time of Delivery, it will have good and marketable title to the Pledged Items delivered by it to the Collateral Agent at such Time of Delivery, free of all Liens (other than Permitted Liens) and Transfer Restrictions. Upon delivery or deposit of the Pledged Items by it pursuant to Section 2.2 and Section 5.4, the Collateral Agent will obtain a valid security interest in such Pledged Items subject to no other Lien (other than the Permitted Liens) (it being understood that, in the case of the Pledged Items described in Section 2.2, such security interest shall be a perfected first priority security interest upon the deposit of such Pledged Items by it into the Pledged Account). None of the Collateral is or shall be pledged by it as collateral for any other purpose.
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Title to Collateral Security Interest. At each Time of Delivery, Pledgor will have good and marketable title to the Pledged Items delivered to the Collateral Agent at such Time of Delivery, free of all Liens (other than Permitted Liens) and Transfer Restrictions (other than the Existing Transfer Restrictions). The full purchase price or other consideration (within the meaning of Rule 144(d)(1) under the Securities Act) for all the Ordinary Shares delivered to the Collateral Agent as Pledged Items pursuant to Sections 2.2 and 2.3 was or will have been paid by Pledgor (or any entity with respect to which Pledgor may tack the holding period under Rule 144) more than one year prior to the time of such delivery. Upon delivery or deposit of the Pledged Items pursuant to Sections 2.2, 2.3 and 2.4 and Section 5.4, the Collateral Agent will obtain a valid security interest in such Pledged Items subject to no other Lien, other than Permitted Liens (it being understood that, in the case of the Pledged Items described in Sections 2.2 and 2.3, such security interest shall be a perfected first priority security interest upon the filing of a UCC financing statement by the Collateral Agent to the extent a security interest therein may be perfected by the filing of a UCC financing statement and, in the case of the Pledged Items described in Section 2.4, such security interest shall be a perfected first priority security interest upon the deposit of such Pledged Items in the Pledged Account). None of the Collateral is or shall be pledged by Pledgor as collateral for any other purpose.
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Title to Collateral Security Interest 
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Related to Title to Collateral Security Interest

  • Title to Collateral; Perfected Security Interest The Pledgor has good and marketable title to the Additional Collateral, free of all Liens (other than the Lien created by the Collateral Agreement) and Transfer Restrictions. Upon delivery of the Collateral to the Collateral Agent, the Collateral Agent will obtain a valid, first priority perfected security interest in, and a first lien upon, such additional Collateral subject to no other Lien. None of such Additional Collateral is or shall be pledged by the Pledgor as collateral for any other purpose. This Certificate may be relied upon by the Trust as fully and to the same extent as if this Certificate had been specifically addressed to the Trust.

  • Collateral; Security Interest (a) Pursuant to the Custodial Agreement, the Custodian shall hold the Mortgage Loan Documents as exclusive bailee and agent for the Lender pursuant to terms of the Custodial Agreement and shall deliver to the Lender Trust Receipts (as defined in the Custodial Agreement) each to the effect that it has reviewed such Mortgage Loan Documents in the manner and to the extent required by the Custodial Agreement and identifying any deficiencies in such Mortgage Loan Documents as so reviewed.

  • Title to Collateral The Collateral is owned by Borrower, free and clear of all liens and other encumbrances of any kind (including liens or other encumbrances upon properties acquired or to be acquired under conditional sales agreement or other title retention devised), excepting only liens in favor of Lender.

  • Perfected Security Interests (a) As of the Closing Date (or such later date as permitted under Section 5.14) and as of the date of each Borrowing, the Security Documents, taken as a whole, are effective to create in favor of the Collateral Agent for the benefit of the Secured Parties a legal, valid and enforceable first priority security interest in all of the Collateral to the extent purported to be created thereby.

  • Perfected Security Interest On the Closing Date, after giving effect to the filing of the FAA Filed Documents and the Financing Statements, Mortgagee shall have received a duly perfected first priority security interest in all of Owner's right, title and interest in the Aircraft, subject only to Permitted Liens.

  • Title to Collateral; Perfection; Permitted Liens (a) Borrower is now, and will at all times in the future be, the sole owner of all the Collateral, except for items of Equipment which are leased to Borrower. The Collateral now is and will remain free and clear of any and all liens, charges, security interests, encumbrances and adverse claims, except for Permitted Liens. Silicon now has, and will continue to have, a first-priority perfected and enforceable security interest in all of the Collateral, subject only to the Permitted Liens, and Borrower will at all times defend Silicon and the Collateral against all claims of others.

  • Valid Security Interest This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property in favor of the Issuer, which is prior to all other Liens, other than Permitted Liens, and is enforceable against creditors of and purchasers from the Depositor.

  • Security Interest in Collateral The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Administrative Agent, for the benefit of the Secured Parties, and such Liens constitute perfected and continuing Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted Encumbrances, to the extent any such Permitted Encumbrances would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law and (b) Liens perfected only by possession (including possession of any certificate of title) to the extent the Administrative Agent has not obtained or does not maintain possession of such Collateral.

  • Grant of General Security Interest in Collateral 3.1 As security for the Obligations of Debtor, Debtor hereby grants the Collateral Agent, for the benefit of the Lenders, a security interest in the Collateral.

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