Common use of Unencumbered Receipts Clause in Contracts

Unencumbered Receipts. Merchant has good, complete, unencumbered and marketable title to all Receipts and all collateral in which FUNDER has been granted a security interest under the Security Agreement, free and clear of any and all liabilities, liens, claims, charges, restrictions, conditions, options, rights, mortgages, security interests, equities, pledges and encumbrances of any kind or nature whatsoever other than in favor of FUNDER or any other rights or interests that may be inconsistent with the transactions contemplated with, or adverse to the interests of FUNDER.

Appears in 5 contracts

Samples: Revenue Purchase Agreement (Clearday, Inc.), Revenue Based Factoring (Clearday, Inc.), Revenue Purchase Agreement (Clearday, Inc.)

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