Title to Collateral definition

Title to Collateral. Such BORROWER has good and marketable title to all the Collateral it respectively purports to own, free from liens, claims and encumbrances, except those of LENDER and those listed on SCHEDULE 2 hereto ("PERMITTED LIENS").
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Title to Collateral. Borrower has good and marketable title in fee simple (or its equivalent under applicable law) to all the Collateral it respectively purports to own, free from Liens, except those of Agent for the benefit of Lenders and free from the claims of any other Person other than the leasehold interests of the Lessees.
Sample 1
Title to Collateral. Subject to Permitted Encumbrances (as such term is defined in the Debenture), the Debtor is the absolute and beneficial owner of the Collateral and none of the Collateral is held in the name of any person other than the Debtor, whether as agent, trustee or other nominee for the Debtor, and all registrations and filings which may be required to preserve the Debtor s title, rights or other interests in the Collateral others have been made; No Encumbrances: The Collateral is and shall at all times be kept free and clear of any and all security interests, mortgages, hypothecs, liens, charges, pledges and other encumbrances whatsoever other than those given by the Debtor to or in favour of the Secured Party and the Permitted Encumbrances (as such term is defined in the Debenture); and
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Examples of Title to Collateral in a sentence

  • No Legal Title to Collateral in the Noteholders 88 Section 10.03.

  • No Legal Title to Collateral in the Noteholders 91 Section 10.03.

  • No Legal Title to Collateral in the Noteholders 87 Section 10.03.

  • No Legal Title to Collateral.........................................

  • Title to Collateral and Liens..............................19 SECTION 4.08.

  • Title to Collateral; Validity of Security Interest 20 SECTION 3.02.

  • Protection of Title to Collateral Certificate .................................................

  • Title to Collateral .................................................................................

  • No Legal Title to Collateral in Note Holders..............64 SECTION 11.03.

  • Title to Collateral; Liens......................................................................8 3.12.

Related to Title to Collateral

  • Personal Property Collateral means all Collateral other than Real Property.

  • Personal Property means any machinery, equipment, tools, vehicles, furniture, leasehold improvements, office equipment, plant, parts and other tangible personal property.

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • Negotiable Collateral means all of Borrower’s present and future letters of credit of which it is a beneficiary, drafts, instruments (including promissory notes), securities, documents of title, and chattel paper, and Borrower’s Books relating to any of the foregoing.

  • UCC Collateral is defined in Section 3.03.

  • Pledged Collateral has the meaning assigned to such term in Section 2.01.

  • Patent Collateral means all Patents, whether now owned or hereafter acquired by the Company that are associated with the Business.

  • Real Property Collateral means the parcel or parcels of Real Property identified on Schedule R-1 and any Real Property hereafter acquired by Borrower.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • Personalty means all of the following:

  • U.S. Collateral means any and all property owned, leased or operated by a Person covered by the U.S. Collateral Documents and any and all other property of any U.S. Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Secured Obligations.

  • Excluded Perfection Assets means, collectively:

  • Physical Property has the meaning assigned to such term in the definition of “Delivery” above.

  • Fixtures and Equipment means, with respect to any Person, all of the furniture, fixtures, furnishings, machinery and equipment owned or leased by such Person and located in, at or upon the Assets of such Person.

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  • Security Collateral with respect to any Granting Party, means, collectively, the Collateral (if any) and the Pledged Collateral (if any) of such Granting Party.

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Pledged Security Entitlements means all security entitlements with respect to the financial assets listed on Schedule 4.7(c) (as such schedule may be amended from time to time) and all other security entitlements of any Grantor.

  • UCC Filing Collateral means any Collateral, including Collateral constituting investment property, for which a security interest can be perfected by filing a UCC-1 financing statement.

  • Consigned Inventory means Inventory of any Borrower that is in the possession of another Person on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory.

  • Farm equipment means equipment used directly for farming

  • Borrower Collateral means all of Borrower's now owned or hereafter acquired right, title, and interest in and to each of the following:

  • Permitted Security Interests means (i) any Security Interest for taxes, assessments or governmental charges or levies which relate to obligations not yet due and delinquent, (ii) easements, servitudes, encroachments and other minor imperfections of title which do not, individually or in the aggregate, detract from the value of or impair the use or marketability of any real property, and (iii) undetermined or inchoate Security Interests arising or potentially arising under statutory provisions which have not at the relevant time been filed or registered in accordance with applicable laws or of which written notice has not been given in accordance with applicable laws;

  • Customer Property ’ means cash, a se- curity, or other property, or proceeds of such cash, security, or property, received, acquired, or held by or for the account of the debtor, from or for the account of a customer—

  • Excluded Personal Property means the following:

  • Investment Property the collective reference to (i) all “investment property” as such term is defined in Section 9-102(a)(49) of the New York UCC (other than any Foreign Subsidiary Voting Stock excluded from the definition of “Pledged Stock”) and (ii) whether or not constituting “investment property” as so defined, all Pledged Notes and all Pledged Stock.