Title to Property; Liens. Each Borrower and Subsidiary has good, indefeasible, and merchantable title to and ownership of the Collateral and its real property, free and clear of all Liens, except Permitted Liens.
Appears in 3 contracts
Samples: Credit Agreement (Monaco Coach Corp /De/), Credit Agreement (Monaco Coach Corp /De/), Credit Agreement (Monaco Coach Corp /De/)
Title to Property; Liens. Each Borrower and each Subsidiary has good, indefeasible, and merchantable title to and ownership of the Collateral and its real propertyCollateral, free and clear of all Liens, except Permitted Liens.
Appears in 2 contracts
Samples: Credit Agreement (Interland Inc /Mn/), Credit Agreement (Penford Corp)
Title to Property; Liens. Each Borrower and each Subsidiary has good, indefeasible, indefeasible and merchantable title to and ownership of the Collateral and its real propertyExcluded Assets, free and clear of all Liens, except Permitted Liens.
Appears in 1 contract
Title to Property; Liens. Each Borrower and Subsidiary has good, indefeasible, and merchantable title to and ownership of the Collateral and its real property, free and clear of all Liens, except Permitted LiensLiens and the BT Liens (so long as the BT Liens do not secure any outstanding obligations).
Appears in 1 contract