GOODS SOLD. Immediately prior to the date on which title to any goods sold to an Obligor by a Seller and financed by indebtedness evidenced by a Contract or Contracts passes to the Obligor thereof, the Related Seller shall have been the owner of such goods free and clear of all mortgages, deeds of trust, pledges, liens, security interests and other charges or encumbrances. As of the Purchase Date with respect to each Contract, there will be no liens or claims filed for work, labor or materials affecting the Related Security securing the Contract which are or may be liens prior to, or equal or coordinate with, the lien of the Contract.
Appears in 2 contracts
Samples: Contract Purchase Agreement (Patterson Dental Co), Contract Purchase Agreement (Patterson Dental Co)
GOODS SOLD. Immediately prior to the date on which title to any goods sold to an Obligor by a Seller an Originator and financed by indebtedness evidenced by a Buyer Contract or Contracts passes to the Obligor thereof, the Related Seller such Originator shall have been the owner of such goods free and clear of all mortgages, deeds of trust, pledges, liens, security interests and other charges or encumbrances. As of the Purchase Date with respect to each Buyer Contract, there will be no liens or claims filed for work, labor or materials affecting the Related Security securing the Buyer Contract which are or may be liens prior to, or equal or coordinate with, the lien of the Buyer Contract.
Appears in 1 contract
Samples: Contract Purchase Agreement (Patterson Companies, Inc.)
GOODS SOLD. Immediately prior to the date on which title to any goods sold to an Obligor by a Seller an Originator and financed by indebtedness evidenced by a Contract or Contracts passes to the Obligor thereof, the Related Seller such Originator shall have been the owner of such goods free and clear of all mortgages, deeds of trust, pledges, liens, security interests and other charges or encumbrances. As of the Purchase Date with respect to each Contract, there will be no liens or claims filed for work, labor or materials affecting the Related Security securing the Contract which are or may be liens prior to, or equal or coordinate with, the lien of the Contract.
Appears in 1 contract
Samples: Receivables Sale Agreement (Patterson Companies, Inc.)
