Ownership of Pledged Property. The Company warrants and represents that it is the legal and beneficial owner of the Pledged Property free and clear of any lien, security interest, option or other charge or encumbrance except for the security interest created by this Agreement.
Ownership of Pledged Property. The Company warrants and represents that it is the legal and beneficial owner of the Pledged Property free and clear of any lien, security interest, option or other charge or encumbrance except for that grant of a security interest in and to all undertakings, property and assets made by the Company in favor of Steve Kerekes, Melanie Kerekes, Jim Oattes, Grace Debrabandere, Xxx Xxxxxx, Xonixx Xxxxxx, Xxx Davxx xxx Xxxe Dxxxx xxxxxxxx xx xhat xxxxxxx Xenxxxx Xxxxxxxx Xxxxxxxxx datxx Xxx 00, 2005, and except for that grant of a security interest in and to all undertakings, property and assets made by Telizon Inc., a subsidiary of the Company, in favor of James R. Fairhead In Trust, Tom Hards In Trust, Steve Kerekes In Trxxx, Xxxx Xxxxxxn In Trust, Xxxxxxx Pilon In Trxxx, Xxx Xxxis In Trust, Xxxx X. Purser In Txxxx xxx Xxnold McAulxx Xx Xxxst (collectivxxx xxx "Xxxxxrs")and a pledge xx xxx Xxxxxxx of all of the shares of Telizon Inc. purchased by Teleplus Connect Corp., a subsidiary of the Company, from the Vendors pursuant to the General Security Agreement and Share Pledge Agreement among Teleplus Connect, Corp., Telizon Inc. and the Vendors, effective June 30, 2005.
Ownership of Pledged Property. Each Grantor represents and warrants that it is the legal and beneficial owner of the Pledged Property free and clear of any lien, security interest, option or other charge or encumbrance (each, a “Lien”) except for the security interest created by this Agreement and other Permitted Liens. For purposes of this Agreement, “
Ownership of Pledged Property. The Company represents and warrants that it is the legal and beneficial owner of the Pledged Property free and clear of any lien, security interest, option or other charge or encumbrance (each, a "Lien") except for the security interest created by this Agreement and other Permitted Liens. For purposes of this Agreement, "
Ownership of Pledged Property. Except as otherwise indicated in the Disclose Schedule attached hereto as Schedule A, the Company warrants and represents that it is the legal and beneficial owner of the Pledged Property free and clear of any lien, security interest, option or other charge or encumbrance except for the security interest created by this Agreement.
Ownership of Pledged Property. Pledgor is the legal and equitable owner of the Pledged Property free and clear of all liens, charges, encumbrances and security interests of every kind and nature, other than those created hereunder.
Ownership of Pledged Property. The Pledgor warrants and represents that it is the legal and beneficial owner of the Pledged Property free and clear of any lien, security interest, option or other charge or encumbrance except for the security interest created by this Agreement and for the Permitted Liens. For purposes hereof, “Permitted Liens” means (i) liens for taxes or other governmental charges which are not yet delinquent or are being contested in good faith by appropriate proceedings, (ii) liens for carriers, contractors, warehousemen, mechanics, materialmen, laborers, employees, suppliers or other similar persons arising by operation of law and incurred in the ordinary course of business for sums not yet delinquent or being contested in good faith, (iii) liens relating to deposits made in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other types of social security or to secure the performance of leases, trade contracts or other similar agreements; and (iv) in the case of real property, any matters, restrictions, covenants, conditions, limitations, rights, rights of way, encumbrances, encroachments, reservations, easements, agreements and other matters of record, such state of facts of which an accurate survey or inspection of the property would reveal and do not materially interfere with the use or value of the property; and (v) all security interests granted by the Pledgor and its affiliates in favor of the Secured Party under any agreement.
Ownership of Pledged Property. The Company warrants and represents that it is the legal and beneficial owner of the Pledged Property, subject to the liens and security interests created by (a) that certain Security Agreement by and between Thomas Pharmaceuticals Ltd., f/k/a iVoice Acquisition Corp. and iVoixx, Xxc. and (b) the security interest created by this Agreement.
Ownership of Pledged Property. Each of the Debtors warrants and represents that it is the legal and beneficial owner of the Pledged Property free and clear of any lien, security interest, option or other charge or encumbrance except for the security interest created by this Agreement or otherwise set forth on Exhibit "A". ------------
Ownership of Pledged Property. The Subsidiary warrants and represents that it is the legal and beneficial owner of the Pledged Property free and clear of any lien, security interest, option or other charge or encumbrance except for the security interest created by this Agreement.
