Common use of Defense of Title Clause in Contracts

Defense of Title. Warrant and defend title to and ownership of the Collateral at its own reasonable expense against the claims and demands brought against the Secured Party and/or Debtor by any other parties claiming an interest therein, keep the Collateral free from all Liens, and not sell, exchange, transfer, convey, assign, lease or otherwise dispose of its rights in or to the Collateral or any interest therein nor create, incur or permit to exist any Lien whatsoever with respect to any of the Collateral or the proceeds thereof other than that created hereby or as otherwise permitted by the Purchase Agreement.

Appears in 2 contracts

Samples: Pledge Agreement (Gulf United Energy, Inc.), Pledge Agreement (Gulf United Energy, Inc.)

AutoNDA by SimpleDocs

Defense of Title. Warrant and defend title to and ownership of the Pledged Collateral at its own reasonable expense against the claims and demands brought against the Secured Party and/or Debtor by any of all other parties claiming an interest therein, ; keep the Pledged Collateral free from all Liens, other than Permitted Liens; and not sell, exchange, transfer, convey, assign, lease or otherwise dispose of its rights in or to the Pledged Collateral or any interest therein nor createtherein, incur or permit to exist any Lien whatsoever with respect to any of except as permitted under the Collateral or the proceeds thereof other than that created hereby or as otherwise permitted by the Purchase AgreementIndentures.

Appears in 2 contracts

Samples: Pledge Agreement (Transmeridian Exploration Inc), Pledge Agreement (Transmeridian Exploration Inc)

Defense of Title. Warrant and defend title to and ownership of the Collateral at its own reasonable expense against the claims and demands brought against the Secured Party and/or Debtor by any of all other parties claiming an interest therein, keep the Collateral free from all Liens, except for Permitted Liens, and not sell, exchange, transfer, convey, assign, lease or otherwise dispose of its rights in or to the Collateral or any interest therein nor create, incur or permit to exist any Lien whatsoever with respect to any of the Collateral or the proceeds thereof other than that created hereby or as otherwise permitted by the Purchase Agreementhereby.

Appears in 1 contract

Samples: Equity Pledge Agreement (PetroAlgae Inc.)

Defense of Title. Warrant and defend title to and ownership of the Collateral (except as otherwise permitted under the Credit Agreement) of such Obligor at its own reasonable expense against the claims and demands brought against the Secured Party and/or Debtor by any of all other parties claiming an interest therein, keep the Collateral free from all Liens, except for Liens permitted by the Credit Agreement and not sell, exchange, transfer, convey, assign, lease or otherwise dispose of its rights in or to the Collateral of such Obligor or any interest therein nor createtherein, incur or permit to exist any Lien whatsoever with respect to any of except as permitted under the Collateral or the proceeds thereof other than that created hereby or as otherwise permitted by the Purchase Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Kapstone Paper & Packaging Corp)

Defense of Title. Warrant and defend title to and ownership of the Collateral (except as otherwise permitted under each of the Financing Documents) of such Obligor at its own reasonable expense against the claims and demands brought against the Secured Party and/or Debtor by any of all other parties claiming an interest therein, keep the Collateral free from all Liens, except for Liens permitted by each of the Financing Documents and not sell, exchange, transfer, convey, assign, lease or otherwise dispose of its rights in or to the Collateral of such Obligor or any interest therein nor createtherein, incur or permit to exist any Lien whatsoever with respect to any except as permitted under each of the Collateral or the proceeds thereof other than that created hereby or as otherwise permitted by the Purchase AgreementFinancing Documents.

Appears in 1 contract

Samples: Credit Agreement (Kapstone Paper & Packaging Corp)

Defense of Title. Warrant and defend title to and ownership of the Collateral at its own reasonable expense against the claims and demands brought against the Secured Party and/or Debtor by any of all other parties claiming an interest therein, ; keep the Collateral free from all Liens, other than Permitted Liens; and not sell, exchange, transfer, convey, assign, lease or otherwise dispose of its rights in or to the Collateral or any interest therein nor createtherein, incur or permit to exist any Lien whatsoever with respect to any of the Collateral or the proceeds thereof other than that created hereby or except as otherwise expressly permitted by herein or in the Purchase AgreementTransaction Documents.

Appears in 1 contract

Samples: Security Agreement (Applied Digital Solutions Inc)

Defense of Title. Warrant and defend title to and ownership of the Collateral (except as otherwise permitted under the Credit Agreement and the other Loan Documents) of such Obligor at its own reasonable expense against the claims and demands brought against the Secured Party and/or Debtor by any of all other parties claiming an interest therein, keep the Collateral free from all Liens, except for Liens permitted by the Credit Agreement and not sell, exchange, transfer, convey, assign, lease or otherwise dispose of its rights in or to the Collateral of such Obligor or any interest therein nor createtherein, incur or permit to exist any Lien whatsoever with respect to any of except as permitted under the Collateral or Credit Agreement and the proceeds thereof other than that created hereby or as otherwise permitted by the Purchase AgreementLoan Documents.

Appears in 1 contract

Samples: Pledge Agreement (Brookdale Senior Living Inc.)

Defense of Title. Warrant and defend title to and ownership of or rights in the Collateral (except as otherwise permitted under the Credit Agreement and the other Loan Documents) of such Obligor at its own reasonable expense against the claims and demands brought against the Secured Party and/or Debtor by any of all other parties claiming an interest therein, keep the Collateral free from all Liens, except for Liens permitted by the Credit Agreement and not sell, exchange, transfer, convey, assign, lease or otherwise dispose of its rights in or to the Collateral of such Obligor or any interest therein nor createtherein, incur or permit to exist any Lien whatsoever with respect to any of except as permitted under the Collateral or Credit Agreement and the proceeds thereof other than that created hereby or as otherwise permitted by the Purchase AgreementLoan Documents.

Appears in 1 contract

Samples: Security Agreement (Brookdale Senior Living Inc.)

Defense of Title. Warrant and defend title to and ownership of the Collateral at its own reasonable expense against the claims and demands brought against the Secured Party and/or Debtor by any of all other parties claiming an interest therein, keep the Collateral free from all Liens, other than Liens in favor of the Prior Secured Parties, and not sell, exchange, transfer, convey, assign, lease or otherwise dispose of its rights in or to the Collateral or any interest therein nor create, incur or permit to exist any Lien whatsoever with respect to any of the Collateral or the proceeds thereof other than that created hereby or as otherwise permitted by and Liens in favor of the Purchase AgreementPrior Secured Parties.

Appears in 1 contract

Samples: Equity Pledge Agreement (General Environmental Management, Inc)

AutoNDA by SimpleDocs

Defense of Title. Warrant and defend title to and ownership of the Collateral (except as otherwise not prohibited by theany Indenture) of such Obligor at its own reasonable expense against the claims and demands brought against the Secured Party and/or Debtor by any of all other parties claiming an interest therein, keep the Collateral free from all Liens, and not sell, exchange, transfer, convey, assign, lease or otherwise dispose of its rights in or to the Collateral or any interest therein nor create, incur or permit to exist any Lien whatsoever with respect to any of the Collateral or the proceeds thereof (other than that created hereby or as otherwise permitted by the Purchase AgreementPermitted Liens).

Appears in 1 contract

Samples: Collateral Trust Agreement (Calumet Specialty Products Partners, L.P.)

Defense of Title. Warrant and defend title to and ownership of the Collateral at its own reasonable expense against the claims and demands brought against the Secured Party and/or Debtor by any of all other parties claiming an interest therein, keep the Collateral free from all Liens, and not sell, exchange, transfer, convey, assign, lease or otherwise dispose of its rights in or to the Collateral or any interest therein nor create, incur or permit to exist any Lien whatsoever with respect to any of the Collateral or the proceeds thereof other than that created hereby or as otherwise permitted by the Purchase Agreementhereby.

Appears in 1 contract

Samples: Stockholder Pledge and Security Agreement (ONE Bio, Corp.)

Defense of Title. Warrant and defend title to and ownership of the Collateral at its own reasonable expense against the claims and demands brought against the Secured Party and/or Debtor by any of all other parties claiming an interest therein, keep the Collateral free from all Liens, except for Permitted Liens, and not sell, exchange, transfer, convey, assign, lease or otherwise dispose of its rights in or to the Collateral or any interest therein nor create, incur or permit to exist any Lien whatsoever with respect to any of the Collateral or the proceeds thereof other than that created hereby or as otherwise permitted by the Purchase Agreementhereby.

Appears in 1 contract

Samples: Equity Pledge Agreement (American Mold Guard Inc)

Defense of Title. Warrant and defend title to and ownership of the Pledged Collateral at its own reasonable expense against the claims and demands brought against the Secured Party and/or Debtor by any of all other parties claiming an interest therein, ; keep the Pledged Collateral free from all Liens, other than Permitted Liens; and not sell, exchange, transfer, convey, assign, lease or otherwise dispose of its rights in or to the Pledged Collateral or any interest therein nor createtherein, incur or permit to exist any Lien whatsoever with respect to any of the Collateral or the proceeds thereof other than that created hereby or except as otherwise expressly permitted by herein or in the Purchase AgreementTransaction Documents.

Appears in 1 contract

Samples: Pledge Agreement (Applied Digital Solutions Inc)

Defense of Title. Warrant and defend title to and ownership of the Collateral at its own reasonable expense against the claims and demands brought against the Secured Party and/or Debtor by any of all other parties claiming an interest therein, keep the Collateral free from all Liens, except for Permitted Liens, and not sell, exchange, transfer, convey, assign, lease or otherwise dispose of its rights in or to the Collateral or any interest therein nor createtherein, incur or permit to exist any Lien whatsoever with respect to any of except as permitted under the Collateral or the proceeds thereof other than that created hereby or as otherwise permitted by the Purchase Security Agreement.

Appears in 1 contract

Samples: Equity Pledge Agreement (Elandia International Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.