Common use of Warranties of Debtor Clause in Contracts

Warranties of Debtor. The Debtor warrants and so long as this Agreement continues in force shall be deemed continuously to warrant that: A. The Debtor is the owner of the Collateral free of all security interests or other encumbrances, except the Security Interest and except for liens and other matters set forth on Exhibit "A" attached hereto. B. The Debtor 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 Debtor's addresses specified on Exhibit "B" attached hereto. E. The chief executive office of the Debtor is at the address set forth above. The Debtor does not operate under any trade names. F. Each instrument, account, general intangible, receivable and chattel paper constituting the Collateral is genuine and enforceable in accordance with its terms against the party obligated to pay the same (the "Account Debtor"), and each Account Debtor has no defense, setoff, claim or counterclaim against the Debtor. G. The amount represented by the Debtor to the Secured Party as owing by each Account Debtor or by all Account Debtors is the correct amount actually and unconditionally owing by such Account Debtor or Debtors, except for normal cash discounts where applicable. H. If the Collateral is or will become a fixture, it will be affixed to or located on real property at the Debtor's addresses specified in Exhibit "B". The real property to or on which the Collateral will be affixed is owned by the persons and described as set forth in Exhibit "B" attached hereto.

Warranties of Debtor. The Debtor warrants and so long as this Agreement continues in force shall be deemed continuously to warrant that: A. (a) The Debtor is the owner of the Collateral free of all security interests or other encumbrances, except the Security Interest and except for liens and other matters set forth on Exhibit "A" attached hereto. B. (b) The Debtor is authorized to enter into the Security Agreement. C. (c) The Collateral is used or bought for use primarily in business or professional operations. D. (d) The Collateral is or will be located at the Debtor's addresses specified on Exhibit "B" attached hereto. E. (e) The chief executive office of the Debtor is at the address set forth above. The Debtor does not operate under any trade names. F. (f) Each instrument, account, general intangible, receivable and chattel paper constituting the Collateral is genuine and enforceable in accordance with its terms against the party obligated to pay the same (the "Account Debtor"), and each Account Debtor has no defense, setoff, claim or counterclaim against the Debtor. G. (g) The amount represented by the Debtor to the Secured Party as owing by each Account Debtor or by all Account Debtors is the correct amount actually and unconditionally owing by such Account Debtor or Debtors, except for normal cash discounts where applicable. H. (h) If the Collateral is or will become a fixture, it will be affixed to or located on real property at the Debtor's addresses specified in Exhibit "B". The real property to or on which the Collateral will be affixed is owned by the persons and described as set forth in Exhibit "B" attached hereto.