Common use of Titles and Liens Clause in Contracts

Titles and Liens. The Borrower has good and absolute title to all Collateral described in the collateral reports provided to the Lender and all other Collateral, properties and assets reflected in the latest financial statements referred to in Section 5.5 and all proceeds thereof, free and clear of all mortgages, security interests, liens and encumbrances, except for Permitted Liens. No financing statement naming the Borrower as debtor is on file in any office except to perfect only Permitted Liens.

Appears in 22 contracts

Samples: Credit and Security Agreement (San Holdings Inc), Loan and Security Agreement (Technology Flavors & Fragrances Inc), Credit and Security Agreement (Rmed International Inc)

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Titles and Liens. The Borrower has good clear and absolute title to all Collateral described in the collateral reports provided to the Lender and all other Collateral, properties and assets reflected in the latest financial statements referred to in Section 5.5 and all proceeds thereof, free and clear of all mortgages, security interests, liens and encumbrances, except for Permitted Liens. No financing statement naming the Borrower as debtor is on file in any office except to perfect only Permitted Liens.

Appears in 4 contracts

Samples: Credit and Security Agreement (Royal Precision Inc), Credit and Security Agreement (Royal Precision Inc), Credit and Security Agreement (Royal Precision Inc)

Titles and Liens. The Each Borrower has good and absolute title to all Collateral described in the collateral reports provided to the Lender and all other Collateral, properties and assets reflected in the latest financial statements referred to in Section 5.5 and all proceeds thereof, free and clear of all mortgages, security interests, liens and encumbrances, except for Permitted Liens. No financing statement naming the any Borrower as debtor is on file in any office except to perfect only Permitted Liens.

Appears in 4 contracts

Samples: Credit and Security Agreement, Credit and Security Agreement (Microtel International Inc), Credit and Security Agreement (Pemco Aviation Group Inc)

Titles and Liens. The Borrower has good and absolute title to all Collateral described in the collateral reports provided to the Lender and all other Collateral, properties and assets reflected in the latest financial statements referred to in Section 5.5 and all proceeds thereof, free and clear of all mortgages, security interests, liens and encumbrances, except for Permitted Liens. No financing statement naming the Borrower as debtor is on file in any office except to perfect only Permitted Liens.

Appears in 3 contracts

Samples: Credit and Security Agreement (Autotradecenter Com Inc), Credit and Security Agreement (PetroHunter Energy Corp), Credit and Security Agreement (PetroHunter Energy Corp)

Titles and Liens. The Each Borrower has good and absolute title to all Collateral described in the collateral reports provided to the Lender and all other Collateral, properties and assets (other than assets identified as being subject to capital leases) reflected in the latest financial statements referred to in Section 5.5 and all proceeds thereof, free and clear of all mortgages, security interests, liens liens, adverse claims and encumbrances, except for Permitted Liens. No financing statement naming the any Borrower as debtor is on file in any office except to perfect only Permitted Liens.

Appears in 3 contracts

Samples: Credit and Security Agreement (Heska Corp), Credit and Security Agreement (Heska Corp), Credit and Security Agreement (Heska Corp)

Titles and Liens. The Each Borrower has good and absolute title to all Collateral described in the collateral reports provided to the Lender and all other Collateral, properties and assets reflected in the latest financial statements referred to in Section 5.5 5.6 and all proceeds thereof, free and clear of all mortgages, security interests, liens liens, adverse claims and encumbrances, except for Permitted Liens. No financing statement naming the any Borrower as debtor is on file in any office except to perfect only Permitted Liens.

Appears in 2 contracts

Samples: Credit and Security Agreement (Sportsmans Guide Inc), Credit and Security Agreement (Leather Factory Inc)

Titles and Liens. The Borrower has good and absolute title to all Collateral described in the collateral reports provided to the Lender and all other Collateral, properties and assets reflected in the latest financial statements referred to in Section 5.5 4.5 and all proceeds thereof, free and clear of all mortgages, security interests, liens and encumbrances, except for Permitted Liens. No financing statement naming the Borrower as debtor is on file in any office except to perfect only Permitted Liens.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Zareba Systems Inc), Credit Agreement (Medical Graphics Corp /Mn/)

Titles and Liens. The Borrower has good and absolute title to all Collateral described in the collateral reports provided to the Lender and all other Collateral, properties and assets reflected in the latest financial statements referred to in Section 5.5 5.6 and all proceeds thereof, free and clear of all mortgages, security interests, liens liens, adverse claims and encumbrances, except for Permitted Liens. No financing statement naming the Borrower as debtor is on file in any office except to perfect only Permitted Liens.

Appears in 2 contracts

Samples: Credit and Security Agreement (Fourth Shift Corp), Credit and Security Agreement (Sportsmans Guide Inc)

Titles and Liens. The Borrower has good and absolute title to all Collateral described in the collateral reports provided to the Lender Lenders and all other Collateral, properties and assets reflected in the latest financial statements balance sheet referred to in Section 5.5 5.8 and all proceeds thereof, free and clear of all mortgages, security interests, liens and encumbrances, except for Permitted Liens. No financing statement naming the Borrower as debtor is on file in any office except to perfect only Permitted Liens.

Appears in 1 contract

Samples: Credit and Security Agreement (Sheldahl Inc)

Titles and Liens. The Borrower has good and absolute title to all Collateral described in the collateral reports provided to the Lender and all other Collateral, properties and assets reflected in the latest financial statements balance sheet referred to in Section 5.5 and all proceeds thereof, free and clear of all mortgages, security interests, liens and encumbrances, except for Permitted Liens. No financing statement naming the Borrower as debtor is on file in any office except to perfect only Permitted Liens.

Appears in 1 contract

Samples: Credit and Security Agreement (Marquest Medical Products Inc)

Titles and Liens. The Each Borrower has good and absolute title to all Collateral described in the collateral reports provided to the Lender and all other Collateral, properties and assets reflected in the latest financial statements balance sheet referred to in Section 5.5 hereof and all proceeds thereof, free and clear of all mortgages, security interests, liens and encumbrances, except for Permitted Liensmortgages, security interests and liens permitted by Section 7.1 hereof. No financing statement naming the either Borrower as debtor is on file in any office except to perfect only Permitted Liens.security interests permitted by Section 7.1

Appears in 1 contract

Samples: Credit and Security Agreement (Larson Davis Inc)

Titles and Liens. The Borrower has good and absolute title to all Collateral described in the collateral reports provided to the Lender and all other Collateral, properties and assets reflected in the latest financial statements referred to in Section 5.5 and all proceeds thereof, free and clear of all mortgages, security interests, liens and encumbrances, except for Permitted Liens. No :financing statement naming the Borrower as debtor is on file in any office except to perfect only Permitted Liens.

Appears in 1 contract

Samples: Credit and Security Agreement (Nebo Products Inc)

Titles and Liens. The Borrower and each Guarantor has good and absolute title to all Collateral described in the collateral reports provided to the Lender Bank and all other Collateral, properties and assets reflected in the latest financial statements referred to in Section 5.5 4.5 and all proceeds thereof, free and clear of all mortgages, security interests, liens and encumbrancesLiens, except for Permitted Liens. No financing statement naming the Borrower or any Guarantor as debtor is on file in any office except to perfect only Permitted Liens.

Appears in 1 contract

Samples: Revolving Credit Agreement (SPS Commerce Inc)

Titles and Liens. The Borrower has good and absolute marketable title to all Collateral described in the collateral reports provided to the Lender and all other Collateral, properties and assets reflected in the latest financial statements referred to in Section SECTION 5.5 and all proceeds thereof, free and clear of all mortgages, security interests, liens and encumbrances, except for Permitted Liens. No financing statement naming the Borrower as debtor is on file in any office except to perfect only Permitted Liens.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Brauns Fashions Corp)

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Titles and Liens. The Borrower has good and absolute ---------------- title to all Collateral described in the collateral reports provided to the Lender and all other Collateral, properties and assets reflected in the latest financial statements referred to in Section 5.5 and all proceeds thereof, free and clear of all mortgages, security interests, liens and encumbrances, except for Permitted Liens. No financing statement naming the Borrower as debtor is on file in any office except to perfect only Permitted Liens.

Appears in 1 contract

Samples: Credit and Security Agreement (Bentley International Inc)

Titles and Liens. The Except as set forth on Schedule 5.9, the Borrower has good and absolute title to all Collateral described in the collateral reports provided to the Lender and all other Collateral, properties and assets reflected in the latest financial statements referred to in provided under Section 5.5 6.1 and all proceeds thereof, free and clear of all mortgages, security interests, liens and encumbrances, except for Permitted Liens. No financing statement naming the Seller or the Borrower as debtor is on file in any office except to perfect only Permitted Liens.

Appears in 1 contract

Samples: Credit and Security Agreement (Telular Corp)

Titles and Liens. The Each Borrower has good and absolute title to all Collateral described in the collateral reports provided to the Lender and all other Collateral, properties and assets reflected in the latest financial statements referred to in Section 5.5 and all proceeds thereof, free and clear of all mortgages, security interests, liens and encumbrances, except for Permitted Liens. No financing statement naming the either Borrower as debtor is on file in any office except to perfect only Permitted Liens.

Appears in 1 contract

Samples: Credit and Security Agreement (Medical Dynamics Inc)

Titles and Liens. The Borrower has good and absolute title to all Collateral described in the collateral reports provided to the Lender and all other Collateralcollateral, properties and assets reflected in the latest financial statements balance sheet referred to in Section 5.5 and all proceeds thereof, free and clear of all mortgages, security interests, liens and encumbrances, except for Permitted Liens. No financing statement naming the Borrower as debtor is on file in any office except to perfect only Permitted Liens.

Appears in 1 contract

Samples: Credit and Security Agreement (Ultra Pac Inc)

Titles and Liens. The Borrower has good and absolute title ---------------- to all Collateral described in the collateral reports provided to the Lender and all other Collateral, properties and assets reflected in the latest financial statements referred to in Section 5.5 and all proceeds thereof, free and clear of all mortgages, security interests, liens and encumbrances, except for Permitted Liens. No financing statement naming the Borrower as debtor is on file in any office except to perfect only Permitted Liens.

Appears in 1 contract

Samples: Credit and Security Agreement (Act Teleconferencing Inc)

Titles and Liens. The Borrower has good and absolute marketable title to all Collateral described in the collateral reports provided to the Lender and all other Collateral, properties and assets reflected in the latest financial statements referred to in Section 5.5 and all proceeds thereof, free and clear of all mortgages, security interests, liens and encumbrances, except for (i) provision of existing building and zoning laws; (ii) liens for current taxes not yet due; and (iii) Permitted Liens. No financing statement naming the Borrower as debtor is on file in any office except to perfect only Permitted Liens.

Appears in 1 contract

Samples: Credit and Security Agreement (Chaparral Network Storage Inc)

Titles and Liens. The Borrower has good and absolute title ---------------- to all Collateral described in the collateral reports provided to the Lender at the time of delivery hereof and all other Collateral, properties and assets reflected in the latest financial statements referred to in Section 5.5 and all proceeds thereof, free and clear of all mortgages, security interests, liens and encumbrances, except for Permitted Liens. No financing statement naming the Borrower as debtor is on file in any office except to perfect only Permitted Liens.

Appears in 1 contract

Samples: Credit and Security Agreement (Rockshox Inc)

Titles and Liens. The Borrower has good and absolute title to all Collateral described in the collateral reports provided to the Lender and all other Collateral, properties and assets reflected in the latest financial statements referred to in Section 5.5 hereof and all proceeds thereof, free and clear of all mortgages, security interests, liens and encumbrances, except for Permitted Liens. No financing statement naming the Borrower as debtor is on file in any office except to perfect only Permitted Liens.

Appears in 1 contract

Samples: Credit and Security Agreement (Landec Corp \Ca\)

Titles and Liens. The Borrower has good and absolute title to all Collateral described in the collateral reports provided to the Lender and all other Collateral, properties and assets reflected in the latest financial statements referred to in Section 5.5 and all proceeds thereof, free and clear of all mortgages, security interests, liens and encumbrances, except for Permitted Liens. No financing statement naming the Borrower as debtor is on file in any office except to perfect only Permitted Liens.. Credit and Security Agreement

Appears in 1 contract

Samples: Credit and Security Agreement (Winland Electronics Inc)

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