Common use of Warranties of Borrower Clause in Contracts

Warranties of Borrower. The Borrower warrants and so long as this Agreement continues in force shall be deemed continuously to warrant that: (a) The Borrower is the owner of the Collateral free of all security interests or other encumbrances, except for the Security Interest and except for Permitted Liens. The Intellectual Property is valid and enforceable and, to the Borrower’s knowledge, does not infringe, misappropriate or misuse the rights of third parties. (b) The Borrower is authorized to enter into the Security Agreement. (c) The Collateral is used or bought for use primarily in business or professional operations. (d) The Collateral is or will be located at the Borrower’s address set forth above. (e) The chief executive office of the Borrower is at the address set forth above. (f) The exact legal name of the Borrower is set forth in the introductory paragraph hereof, and the jurisdiction of organization or incorporation of the Borrower is set forth in the introductory paragraph hereof.

Warranties of Borrower. The Borrower warrants and so long as this Agreement continues in force shall be deemed continuously to warrant that: (a) The Borrower is the owner of the Collateral free of all security interests or other encumbrances, except for the Security Interest and except for Permitted LiensLiens (as defined in the Loan Agreement). The Intellectual Property is valid and enforceable and, to the Borrower’s knowledge, does not infringe, misappropriate or misuse the rights of third parties. (b) The Borrower is authorized to enter into the Security Agreement. (c) The Collateral is used or bought for use primarily in business or professional operations. (d) The Collateral is or will be located at the Borrower’s address set forth above. (e) The chief executive office of the Borrower is at the address set forth above. (f) The exact legal name of the Borrower is set forth in the introductory paragraph hereof, and the jurisdiction of organization or incorporation of the Borrower is set forth in the introductory paragraph hereof.