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.
Appears in 28 contracts
Samples: Secured Loan Agreement (Tanzanian Gold Corp), Secured Gold Loan Agreement (Tanzanian Gold Corp), Secured Loan Agreement (Tanzanian Gold Corp)
Title to Collateral. The Collateral is and will be owned by Borrower, Borrowers 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 agreements or other title retention deviseddevices), excepting only liens in favor of Lenderthe Bank, the Barclays Lien and those liens and encumbrances permitted under Section 8.9 below. Borrowers will defend the Collateral against any claims of all persons or entities other than the Bank.
Appears in 2 contracts
Samples: Loan and Security Agreement (National Media Corp), Loan and Security Agreement (National Media Corp)
Title to Collateral. The Collateral is and will be owned by Borrower, Obligor 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 agreements or other title retention deviseddevices), excepting only liens in favor of Lenderthe Bank and those certain liens and encumbrances expressly permitted under Section 5.9 of the Loan Agreement. Obligor will defend the Collateral against any claims of all persons or entities other than the Bank or a permitted lienholder.
Appears in 2 contracts
Samples: Loan Agreement (Liberty Technologies Inc), Loan Agreement (Liberty Technologies Inc)
Title to Collateral. The Collateral is and will be owned by Borrower, Obligor 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 agreements or other title retention deviseddevices), excepting only liens in favor of the Lender and the Permitted Liens. Obligor will defend the Collateral against any claims of all persons or entities other than the Lender.
Appears in 2 contracts
Samples: Security Agreement (Schick Technologies Inc), Security Agreement (Schick Technologies Inc)
Title to Collateral. The Collateral is and will be owned by Borrower, each Obligor 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 agreements or other title retention deviseddevices), excepting only liens in favor of Lenderthe Agent, for the benefit of Lenders, and those liens and encumbrances permitted under Section 7.9 below. Each Obligor will defend the Collateral against any claims of all persons or entities other than the Agent.
Appears in 1 contract
Title to Collateral. The Collateral is and will be owned by Borrower, Borrowers 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 agreements or other title retention deviseddevices), excepting only liens in favor of Lenderthe Bank and those liens and encumbrances permitted under Section 7.9 below. Borrowers will defend the Collateral against any claims of all persons or entities other than the Bank.
Appears in 1 contract
Title to Collateral. The Collateral is and will be owned by Borrower, 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 agreements or other title retention deviseddevices), excepting only liens in favor of LenderAgent and those liens and encumbrances permitted under Section 7.4 below. Borrower will defend the Collateral against any claims of all persons or entities other than Agent or such other permitted lienholders as are set forth in Section 7.4.
Appears in 1 contract
Samples: Senior Subordinated Convertible Loan and Security Agreement (Blonder Tongue Laboratories Inc)
Title to Collateral. The Collateral is and will be owned by BorrowerBorrower and Guarantors, as applicable, 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 agreements or other title retention deviseddevices), excepting only liens in favor of Lender.the Lender and those liens and encumbrances permitted under Section 7.9
Appears in 1 contract
Title to Collateral. The Collateral is and will be owned by Borrower, 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 agreements or other title retention deviseddevices), excepting only liens in favor of Lenderthe Lender and those liens and encumbrances permitted under Section 7.4 below. Borrower will defend the Collateral against any claims of all persons or entities other than the Lender or such other permitted lienholders as are set forth in Section 7.4.
Appears in 1 contract
Samples: Senior Subordinated Convertible Loan and Security Agreement (Blonder Tongue Laboratories Inc)
Title to Collateral. The Collateral is and will be owned by BorrowerBorrower or Guarantor, as the case may be, 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 agreements or other title retention deviseddevices), excepting only liens in favor of Lenderthe DVI Lenders and those liens and encumbrances permitted under Section 6.8 below. Borrower and Guarantor will defend the Collateral against any claims of all Persons other than the DVI Lenders.
Appears in 1 contract
Samples: Loan and Security Agreement (Healthcare Imaging Services Inc)
Title to Collateral. The Collateral is and will be owned by Borrower, 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 agreements or other title retention deviseddevices), excepting only liens in favor of Lender.the Bank and those liens and encumbrances permitted under SECTION 7.9
Appears in 1 contract
Samples: Revolving Credit, Term Loan and Security Agreement (Merrimac Industries Inc)
Title to Collateral. The Collateral is and will be owned by Borrower, one of the Borrowers 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 agreements or other title retention deviseddevices), excepting only liens in favor of Lenderthe rights and interests permitted under Section 5.9 below.
Appears in 1 contract
Title to Collateral. The Collateral is and will be owned by Borrower, 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 agreements or other title retention deviseddevices), excepting only liens in favor the Permitted Encumbrances. Borrower will defend the Collateral against any claims of Lenderall persons or entities other than the Bank.
Appears in 1 contract
Samples: Loan and Security Agreement (Consolidated Stainless Inc)
Title to Collateral. The Collateral is and will be owned by Borrower, 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 agreements or other title retention deviseddevices), excepting only liens in favor of Lenderthe Bank and those liens and encumbrances permitted under Section 7.9 below. Borrower will defend the Collateral against any claims of all persons or entities other than the Bank.
Appears in 1 contract
Samples: Loan and Security Agreement (Consolidated Stainless Inc)
Title to Collateral. The Collateral is and will be owned by Borrower, 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 agreements or other title retention deviseddevices), excepting only liens Liens in favor of Lenderthe Bank. Borrower will defend the Collateral against any claims of all persons or entities.
Appears in 1 contract
Title to Collateral. The Collateral is and will be owned by Borrower, Obligor 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 agreements or other title retention deviseddevices), excepting only liens in favor of the Lender. Obligor will defend the Collateral against any claims of all persons or entities other than the Lender.
Appears in 1 contract
Title to Collateral. The Collateral is and will be owned by BorrowerBorrower (or, with respect to the Collateral under and as defined under the Security Agreement, the Guarantor) 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 agreements or other title retention deviseddevices), excepting only liens Liens in favor of Lenderthe Bank and as otherwise permitted by the Credit Documents. Borrower and Guarantor will defend the Collateral against any claims of all persons or entities.
Appears in 1 contract
Title to Collateral. The Except for that portion of the Collateral sold as permitted under Section 9.5 below, the Collateral is and will be owned by Borrower, the respective 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 agreements or other title retention deviseddevices), excepting only liens in favor of Lenderthe Agent and those liens and encumbrances permitted under Section 9.8 below. Borrowers will defend the Collateral against any claims of all persons or entities other than the Agent.
Appears in 1 contract
Samples: Loan and Security Agreement (Nobel Education Dynamics Inc)
Title to Collateral. The Collateral is and will be owned by Borrower, Obligors 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 agreements or other title retention deviseddevices), excepting only liens in favor of Lenderthe Agent for the pro rata benefit of Lenders and Issuing Bank and those liens and encumbrances permitted under Section 7.9 below. Obligors will defend the Collateral against any claims of all Persons.
Appears in 1 contract
Samples: Loan Agreement (JPM Co)