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").
View Source
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.
View Source
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
View Source

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 87 Section 10.03.

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

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

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

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

  • It will discuss with you, among other things, any reasons for its proposal to terminate your employment, measures to avoid terminating your employment, or to minimise the total number of terminations and measures to mitigate any adverse effects on you of your termination.

  • No Legal Title to Collateral in Certificate Holders.......................58 SECTION 11.03.

  • No Legal Title to Collateral in Note Holders................................53 SECTION 11.03.

  • No Legal Title to Collateral in Certificate Holders...........65 SECTION 11.03.

Related to Title to Collateral

  • Personal Property Collateral means all property included in the Collateral except Real Property Collateral.

  • 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.