Common use of Equipment Warranties Clause in Contracts

Equipment Warranties. With respect to the Equipment, each Borrower represents and warrants to the Agent and the Lenders that: (i) such Borrower has good, indefeasible and merchantable title to its Equipment; (ii) its Equipment is located only on the premises listed on EXHIBIT 8.6; (iii) its Equipment is not subject to any Lien whatsoever except for Permitted Liens; (iv) its Equipment is in good condition and repair (ordinary wear and tear excepted) and is currently used or usable in such Borrower's business; and (v) except as described in EXHIBIT 3.10, none of the Equipment used in the conduct of such Borrower's business is leased.

Appears in 2 contracts

Samples: Loan and Security Agreement (Lois/Usa Inc), Loan and Security Agreement (Lois/Usa Inc)

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Equipment Warranties. With respect to the Equipment, each Borrower represents and warrants to the Agent and the Lenders that: (i) such Borrower has good, indefeasible and merchantable title to its Equipment; (ii) its Equipment is located only on the premises listed on EXHIBIT Exhibit 8.6; (iii) its Equipment is not subject to any Lien whatsoever except for Permitted Liens; (iv) its Equipment is in good condition and repair (ordinary wear and tear excepted) and is currently used or usable in such Borrower's business; and (v) except as described in EXHIBIT Exhibit 3.10, none of the Equipment used in the conduct of such Borrower's business is leased.

Appears in 1 contract

Samples: Loan and Security Agreement (Lois/Usa Inc)

Equipment Warranties. With respect to the Equipment, each the Borrower represents and warrants to the Agent and the Lenders that: (i) such the Borrower has good, indefeasible and merchantable title to its the Equipment; (ii) its the Equipment is located only on the premises listed on EXHIBIT 8.6Exhibit 3.14; (iii) its the Equipment is not subject to any Lien whatsoever except for Permitted Liens; (iv) its the Equipment is in good condition and repair (ordinary wear and tear excepted) and is currently used or usable in such the Borrower's business; and (v) except as described in EXHIBIT 3.10Exhibit 3.14, none of the Equipment used in the conduct of such the Borrower's business is leased.

Appears in 1 contract

Samples: Loan and Security Agreement (Plainwell Inc)

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Equipment Warranties. With respect to the Equipment, each the Borrower represents and warrants to the Agent and the Lenders that: (i) such the Borrower has good, indefeasible good and merchantable title to and ownership of, or a valid leasehold interest in, its Equipment; (ii) its Equipment is located only on the premises listed on EXHIBIT 8.6Exhibit 3.14; (iii) its Equipment is not subject to any Lien whatsoever except for Permitted Liens; (iv) its Equipment is in good condition and repair (ordinary wear and tear excepted) and is currently used or usable in such the Borrower's business; and (v) except as described in EXHIBIT 3.10Exhibit 3.14, none of the Equipment used in the conduct of such the Borrower's business is leased.

Appears in 1 contract

Samples: Loan and Security Agreement (Telular Corp)

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