Common use of Warrant of Title Clause in Contracts

Warrant of Title. (a) The Lessee agrees that except as otherwise provided herein and subject to the terms of Article 12 relating to permitted contests, the Lessee shall not directly or indirectly create or allow to remain, and shall promptly discharge at its sole cost and expense, any Lien (other than any Lessor Lien or any Permitted Property Lien), defect, attachment, levy, title retention agreement or claim upon the Property or any Lien, attachment, levy or claim with respect to the Rent or with respect to any amounts held by the Lessor pursuant to the Operative Documents, other than Permitted Property Liens and Liens on machinery, equipment, general intangibles and other personal property not financed by the proceeds of the Lessor Amounts.

Appears in 2 contracts

Samples: Master Lease (Electronics for Imaging Inc), Master Lease (Electronics for Imaging Inc)

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Warrant of Title. (a) The Lessee agrees that except as otherwise provided herein and subject to the terms of Article 12 XII relating to permitted contests, the Lessee shall not directly or indirectly create or allow to remain, and shall promptly discharge at its sole cost and expense, any Lien (other than any Lessor Lien or any Permitted Property Lien), defect, attachment, levy, title retention agreement or claim upon the Property or any Modifications or any Lien, attachment, levy or claim with respect to the Rent or with respect to any amounts held by the Lessor Lenders pursuant to the Operative Loan Agreement or the other Loan Documents, other than Lessor Liens, Permitted Property Liens and Liens on machinery, equipment, general intangibles and other personal property not financed by the proceeds of the Lessor Loans or Certificate Amounts.

Appears in 1 contract

Samples: Lease and Open End Mortgage (Fore Systems Inc /De/)

Warrant of Title. (a) The Lessee agrees that except as otherwise provided herein and subject to the terms of Article 12 XII relating to permitted contests, the Lessee shall not directly or indirectly create or allow to remain, and shall promptly discharge at its sole cost and expense, any Lien (other than any Lessor Lien or any Permitted Property Lien), defect, attachment, levy, title retention agreement or claim upon the any Property or any Lien, attachment, levy or claim with respect to the Rent or with respect to any amounts held by the Lessor or the Participants pursuant to the Loan Agreement or the other Operative Documents, other than Permitted Property Liens and Liens on machinery, equipment, general intangibles and other personal property not financed by the proceeds of the Loans or Lessor Amounts.

Appears in 1 contract

Samples: Symantec Corp

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Warrant of Title. (a) The Lessee agrees that except as otherwise provided herein and subject to the terms of Article 12 XII relating to permitted contests, the Lessee shall not directly or indirectly create or allow to remain, and shall promptly discharge at its sole cost and expense, any Lien (other than any Lessor Lien or any Permitted Property Lien), defect, attachment, levy, levy or title retention agreement or claim upon the Property or any Modifications or any Lien, attachment, levy or claim with respect to the Rent or with respect to any amounts held by the Lessor Participants pursuant to the Loan Agreement or the Master Lease other Operative Documents, other than Permitted Property Liens and Liens on machinery, equipment, general intangibles and other personal property not financed by the proceeds of the Lessor Loans or Equity Amounts.

Appears in 1 contract

Samples: Electronics for Imaging Inc

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