Common use of Collateral Clause in Contracts

Collateral. Borrower owns the Collateral and the Intellectual Property, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 47 contracts

Samples: Loan and Security Agreement (Geron Corp), Loan and Security Agreement (Tarsus Pharmaceuticals, Inc.), Loan and Security Agreement (RedBall Acquisition Corp.)

Collateral. Borrower owns the Collateral and the Intellectual PropertyCollateral, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent Lender a Lien in the Collateral as security for the Secured Obligations.

Appears in 16 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Plug Power Inc), Loan and Security Agreement (Zev Ventures Inc.)

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Collateral. Borrower owns the Collateral and the Intellectual Property, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent Lender a Lien in the Collateral as security for the Secured Obligations.

Appears in 13 contracts

Samples: Loan and Security Agreement (Acelrx Pharmaceuticals Inc), Loan and Security Agreement (Acelrx Pharmaceuticals Inc), Joinder Agreement (Zosano Pharma Corp)

Collateral. Borrower owns all right, title and interest in and to the Collateral and the Intellectual PropertyCollateral, free of all LiensLiens whatsoever, except for Permitted Liens. Borrower has the full power and authority to grant and convey to Agent Lender a Lien in the Collateral as security for the Secured Obligations, free of all other Liens other than Permitted Liens.

Appears in 11 contracts

Samples: Loan and Security Agreement (Aegerion Pharmaceuticals, Inc.), Loan and Security Agreement (Aegerion Pharmaceuticals, Inc.), Loan and Security Agreement (Nexx Systems Inc)

Collateral. Borrower owns the Collateral and the Intellectual Property, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 10 contracts

Samples: Loan and Security Agreement (HilleVax, Inc.), Loan and Security Agreement (Phathom Pharmaceuticals, Inc.), Loan and Security Agreement (Soligenix, Inc.)

Collateral. Borrower owns the Collateral and the Intellectual PropertyCollateral, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 9 contracts

Samples: Loan and Security Agreement (Lucira Health, Inc.), Loan and Security Agreement (Communications Systems Inc), Working Capital Loan and Security Agreement (Communications Systems Inc)

Collateral. Borrower owns the Collateral and the Intellectual Property, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured ObligationsObligations .

Appears in 9 contracts

Samples: Loan and Security Agreement (Genocea Biosciences, Inc.), Loan and Security Agreement (Tricida, Inc.), Loan and Security Agreement (Tricida, Inc.)

Collateral. Borrower owns the Collateral and the Intellectual Property, free of all Liens, except for Permitted Liens. Borrower Xxxxxxxx has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 8 contracts

Samples: Loan and Security Agreement (Geron Corp), Loan and Security Agreement (enGene Holdings Inc.), Loan and Security Agreement (Viridian Therapeutics, Inc.\DE)

Collateral. Borrower owns owns, or will own, the Collateral and the Intellectual PropertyCollateral, free of all Liens, except for Permitted Liens. Borrower Bxxxxxxx has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 7 contracts

Samples: Loan and Security Agreement (Eightco Holdings Inc.), Loan and Security Agreement (Eightco Holdings Inc.), Loan and Security Agreement (Eightco Holdings Inc.)

Collateral. Borrower owns the Collateral and the Intellectual PropertyCollateral, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent Lender a Lien in the Collateral as security for the Secured ObligationsObligations .

Appears in 7 contracts

Samples: Loan and Security Agreement (Zev Ventures Inc.), Loan and Security Agreement (Corindus Vascular Robotics, Inc.), Loan and Security Agreement (Corindus Vascular Robotics, Inc.)

Collateral. Borrower owns the Collateral and the Intellectual PropertyProperty (except for Permitted Transfers), free of all Liens, except for Permitted LiensLiens and JV Restrictions. Borrower has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 4 contracts

Samples: Loan and Security Agreement (Aveo Pharmaceuticals, Inc.), Loan and Security Agreement (Aveo Pharmaceuticals, Inc.), Loan and Security Agreement (Aveo Pharmaceuticals, Inc.)

Collateral. Borrower owns the Collateral and the Intellectual Property, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent Lender a Lien in the Collateral as security for the Secured ObligationsObligations .

Appears in 4 contracts

Samples: Loan and Security Agreement (Mela Sciences, Inc. /Ny), Loan and Security Agreement (NeurogesX Inc), Loan and Security Agreement (Adma Biologics, Inc.)

Collateral. Borrower owns the Collateral and the Intellectual Propertyowns, or has valid rights as a lessee or licensee with respect to, all Collateral, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 3 contracts

Samples: Loan and Security Agreement (Viewray Inc), Loan and Security Agreement (Viewray Inc), Loan and Security Agreement (Viewray Inc)

Collateral. Borrower owns the Collateral and the Intellectual PropertyCollateral, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent the Lenders a Lien in the Collateral as security for the Secured ObligationsObligations .

Appears in 3 contracts

Samples: Loan and Security Agreement (Intelepeer Inc), Loan and Security Agreement (Intelepeer Inc), Loan and Security Agreement (Intelepeer Inc)

Collateral. Borrower owns or otherwise has the rights to use the Collateral and owns, or has rights to, the Intellectual Property, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 3 contracts

Samples: Loan and Security Agreement (Akero Therapeutics, Inc.), Loan and Security Agreement (Century Therapeutics, Inc.), Loan and Security Agreement (Century Therapeutics, Inc.)

Collateral. Borrower owns the Collateral and the Intellectual Property, Property free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 3 contracts

Samples: Loan and Security Agreement (Unity Biotechnology, Inc.), Loan and Security Agreement (Seres Therapeutics, Inc.), Loan and Security Agreement (Pulmatrix, Inc.)

Collateral. Borrower owns the Collateral and the Intellectual Property, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.. 5.3

Appears in 3 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Tricida, Inc.), Loan and Security Agreement (Concert Pharmaceuticals, Inc.)

Collateral. Borrower owns the Collateral and the Intellectual Propertyits property, free of all Liens, except for Permitted Liens. Borrower has the corporate power and authority to grant to Agent Lender a Lien in the Collateral as security for the Secured Obligations.

Appears in 3 contracts

Samples: Loan and Security Agreement (Concert Pharmaceuticals, Inc.), Loan and Security Agreement (Concert Pharmaceuticals, Inc.), Joinder Agreement (Merrimack Pharmaceuticals Inc)

Collateral. Borrower owns owns, or has good and valid title to, the Collateral and the Intellectual PropertyCollateral, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 3 contracts

Samples: Loan and Security Agreement (G1 Therapeutics, Inc.), Loan and Security Agreement (G1 Therapeutics, Inc.), Loan and Security Agreement (G1 Therapeutics, Inc.)

Collateral. Borrower owns the Collateral and the its Intellectual Property, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 2 contracts

Samples: Loan and Security Agreement (Aldeyra Therapeutics, Inc.), Loan and Security Agreement (Alimera Sciences Inc)

Collateral. Borrower owns owns, or has right to, the Collateral and the Intellectual Property, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent Lender a Lien in the Collateral as security for the Secured Obligations.

Appears in 2 contracts

Samples: Loan and Security Agreement (Dicerna Pharmaceuticals Inc), Loan and Security Agreement (Dicerna Pharmaceuticals Inc)

Collateral. Borrower owns the Collateral Collateral, and the any Intellectual Property, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 2 contracts

Samples: Loan and Security Agreement (ProQR Therapeutics N.V.), Loan and Security Agreement (ProQR Therapeutics N.V.)

Collateral. Borrower owns the Collateral and the Intellectual Property, Property owned by it free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Constellation Pharmaceuticals Inc)

Collateral. Borrower owns the Collateral and the Excluded Intellectual Property, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 2 contracts

Samples: Loan and Security Agreement (Amyris, Inc.), Loan and Security Agreement (Amyris, Inc.)

Collateral. Borrower owns the Collateral and the Excluded Intellectual Property, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent Lender a Lien in the Collateral as security for the Secured Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Amyris, Inc.)

Collateral. Borrower owns the Collateral and the Intellectual Property, Property free of all Liens, except for Permitted Liens. Borrower Xxxxxxxx has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Seres Therapeutics, Inc.)

Collateral. Borrower owns Borrowers own the Collateral and the Intellectual Property, free of all Liens, except for Permitted Liens. Each Borrower has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Proteostasis Therapeutics, Inc.)

Collateral. Borrower owns the Collateral and the Intellectual Property, free of all Liens, except for Permitted LiensLiens and JV Restrictions. Borrower has the power and authority to grant to Agent Lender a Lien in the Collateral as security for the Secured ObligationsObligations .

Appears in 1 contract

Samples: Loan and Security Agreement (Aveo Pharmaceuticals Inc)

Collateral. Borrower owns the Collateral and the Intellectual Property, free of all Liens, except for Permitted Liens. Borrower has the corporate power and authority to grant to Agent Lender a Lien in the Collateral as security for the Secured Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Dance Biopharm, Inc.)

Collateral. Borrower owns or otherwise has the rights to use the Collateral and owns, or has rights to, the Intellectual Property, free of all Liens, except for Permitted Liens. Borrower Xxxxxxxx has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Kura Oncology, Inc.)

Collateral. Borrower owns all right, title and interest in and to the Collateral and the Intellectual Property, free of all LiensLiens whatsoever, except for Permitted Liens. Borrower has the full power and authority to grant and convey to Agent Lender a Lien in the Collateral as security for the Secured Obligations, free of all other Liens other than Permitted Liens.

Appears in 1 contract

Samples: Joinder Agreement (Aegerion Pharmaceuticals, Inc.)

Collateral. Borrower owns the Collateral and the Intellectual Property, free of all Liens, except for Permitted LiensLiens (except that there are no Liens whatsoever on the Intellectual Property). Borrower has the corporate power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Humanigen, Inc)

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Collateral. Borrower owns the Collateral and Collateral, including, as applicable, the Intellectual Property, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Arsanis, Inc.)

Collateral. Borrower owns the Collateral and owns or has exclusive license rights to the Intellectual Property, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent Lender a Lien in the Collateral as security for the Secured Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Coronado Biosciences Inc)

Collateral. Borrower owns the Collateral and the Intellectual PropertyProperty owned by it, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Albireo Pharma, Inc.)

Collateral. Borrower owns the Collateral and the Intellectual Property, free of all Liens, except for Permitted Liens. Borrower Xxxxxxxx has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.. 5.3

Appears in 1 contract

Samples: Loan and Security Agreement (X4 Pharmaceuticals, Inc)

Collateral. Borrower owns the Collateral and the Intellectual Property, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations. Borrower has requested, and has been denied, an Account Control Agreement with respect to the Stifel Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Applied Genetic Technologies Corp)

Collateral. Borrower owns and has valid rights with respect to the Collateral Collateral, and the any Intellectual Property, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Allena Pharmaceuticals, Inc.)

Collateral. Borrower owns the Collateral and the Intellectual Property, free of all Liens, except for Permitted Liens. Borrower Bxxxxxxx has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Finch Therapeutics Group, Inc.)

Collateral. Borrower owns the Collateral and owns or has the right to use the Intellectual Property, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Stealth BioTherapeutics Corp)

Collateral. Borrower owns the Collateral (other than that described in Section 3.1(a)) and the Intellectual Property, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent Lender a Lien in the Collateral (other than that described in Section 3.1(a)) as security for the Secured Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (uniQure N.V.)

Collateral. Borrower owns the Collateral and the Intellectual PropertyCollateral, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent Lender a Lien in the Collateral as security for the Secured Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Acorn Energy, Inc.)

Collateral. Borrower owns the Collateral and the Intellectual Property, free of all Liens, except for Permitted LiensLiens and JV Restrictions. Borrower has the power and authority to grant to Agent Lender a Lien in the Collateral as security for the Secured Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Aveo Pharmaceuticals Inc)

Collateral. Borrower owns the Collateral and (including, without limitation, the Intellectual Property), free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Petros Pharmaceuticals, Inc.)

Collateral. Borrower owns or has the right to use the Collateral and the Intellectual Property, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Cerulean Pharma Inc.)

Collateral. Such Borrower owns or otherwise has rights in the Collateral and the Intellectual Property, free of all Liens, except for Permitted Liens. Such Borrower has the power and authority to grant to Agent Lender a Lien in the Collateral as security for the Secured Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Cempra Holdings, LLC)

Collateral. Borrower owns all right, title and interest in and to the Collateral and the Intellectual PropertyCollateral, free of all Liens, except for Permitted Liens. Borrower has the full power and authority to grant and convey to Agent Lender a Lien in the Collateral as security for the Secured Obligations, free of all other Liens other than Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Memory Pharmaceuticals Corp)

Collateral. Borrower owns or has the right to use the Collateral and the Intellectual Property, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent a Lien in the Collateral as security for the Secured ObligationsObligations .

Appears in 1 contract

Samples: Loan and Security Agreement (Immune Pharmaceuticals Inc)

Collateral. Borrower owns the Collateral and owns or exclusively licenses the Intellectual Property, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent Lender a Lien in the Collateral as security for the Secured Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Cleveland Biolabs Inc)

Collateral. Borrower owns the Collateral and the Intellectual Propertyits property, free of all Liens, except for Permitted Liens. Borrower has the power and authority to grant to Agent Lender a Lien in the Collateral as security for the Secured Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (American Superconductor Corp /De/)

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