2Collateral. Each Loan Party owns or otherwise has the rights to use the Collateral, free of all Liens, except for Permitted Liens. Each Loan Party has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.
Appears in 2 contracts
Sources: Loan and Security Agreement (Altimmune, Inc.), Loan and Security Agreement (Altimmune, Inc.)