Common use of Ownership of Collateral Clause in Contracts

Ownership of Collateral. Debtor is, and will remain, the sole and lawful owner, and in possession of, the Collateral, and has the sole right and lawful authority to grant the security interest described in this Agreement;

Appears in 15 contracts

Samples: Master Security Agreement (Tengion Inc), Master Security Agreement (Biolex, Inc.), Master Loan and Security Agreement (Infinity Pharmaceuticals, Inc.)

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Ownership of Collateral. Debtor is, and will remain, the sole and lawful owner, and in possession of, the Collateral, and has the sole right and lawful authority to grant the security interest described in this Agreement;.

Appears in 2 contracts

Samples: Master Security Agreement, Master Security Agreement (Vical Inc)

Ownership of Collateral. Debtor is, and will remain, is the sole and lawful owner, owner and is in possession of, the Collateral, and has the sole right and lawful authority to grant the security interest described in this Agreement;.

Appears in 1 contract

Samples: Master Security Agreement (Reply! Inc)

Ownership of Collateral. Debtor is, and will remain, the sole and lawful owner, owner and in possession of, of the Collateral, Collateral and has the sole right and lawful authority to grant the security interest described in this Agreement;

Appears in 1 contract

Samples: Master Security Agreement (Robcor Properties Inc)

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Ownership of Collateral. Debtor is, and will remain, the sole and lawful owner, and in possession of, of the Collateral, and has the sole right and lawful authority to grant the security interest described in this Agreement;

Appears in 1 contract

Samples: Master Security Agreement (Genomic Health Inc)

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