Common use of Limitation on Liens on Collateral Clause in Contracts

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 13 contracts

Samples: Security Agreement (RathGibson Inc), Security Agreement (RadNet, Inc.), Security Agreement (RadNet, Inc.)

AutoNDA by SimpleDocs

Limitation on Liens on Collateral. No Such Grantor will shall not create, incur or permit or suffer to exist, and each Grantor will defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral except Permitted EncumbrancesCollateral, other than Liens permitted pursuant to the Credit Agreement and the other Loan Documents, and will defend the right, title and interest of the Collateral Agent and Lenders the other Secured Parties and the other holders of the Secured Obligations in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 9 contracts

Samples: Credit Agreement (Lantheus Holdings, Inc.), Guarantee and Collateral Agreement (Lantheus Holdings, Inc.), Credit Agreement (INC Research Holdings, Inc.)

Limitation on Liens on Collateral. No Such Grantor will not create, permit incur or suffer to exist, and each Grantor will defend the Collateral against, and will take such other reasonable action as is necessary to remove, any Lien or claim on or to the Collateral except Collateral, other than the Liens created hereby and other than Permitted EncumbrancesLiens, and will defend the right, title and interest of Agent and Lenders the Secured Parties in and to any of such Grantor's rights under the Collateral against the claims and demands demands, other than in respect of Permitted Liens, of all Persons whomsoever.

Appears in 5 contracts

Samples: Credit Agreement (Sprague Resources LP), Credit Agreement (Sprague Resources LP), Credit Agreement (Sprague Resources LP)

Limitation on Liens on Collateral. No Grantor will not create, permit or suffer to exist, and each Grantor will take commercially reasonable efforts defend the Collateral against, and take such other action as is necessary or requested by Agent to remove, any Lien lien on the Collateral except Permitted Encumbrances, and will use commercially reasonable efforts to defend the right, title and interest rights of Agent and Lenders in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 5 contracts

Samples: Security Agreement (Kahn Jonathan Efrem), Security Agreement (Kahn Jonathan Efrem), Security Agreement (Agritech Worldwide, Inc.)

Limitation on Liens on Collateral. No Grantor will create, incur or permit or suffer to exist, and each Grantor will take all commercially reasonable actions to defend the Collateral against, and will take such other commercially reasonable action as is necessary to remove, any Lien or claim on or to the Collateral except Permitted EncumbrancesCollateral, other than the Liens created hereby and other than as permitted pursuant to the Credit Agreement, and will take all commercially reasonable actions to defend the right, title and interest of the Administrative Agent and the Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 5 contracts

Samples: Intercreditor Agreement (Stratus Technologies Bermuda Holdings Ltd.), Collateral Agreement (Stratus Technologies Bermuda Holdings Ltd.), Collateral Agreement (Stratus Technologies International Sarl)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted EncumbrancesLiens, and will defend the right, title and interest of the Agent and Lenders the other Secured Parties in and to any of such Grantor's ’s rights under the Collateral against the claims and demands (other than Permitted Liens) of all Persons whomsoever.

Appears in 4 contracts

Samples: Security Agreement (United Rentals North America Inc), Canadian Security Agreement (United Rentals North America Inc), Canadian Security Agreement (United Rentals Inc /De)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 4 contracts

Samples: Security Agreement (Curative Health Services Inc), Security Agreement (Westaff Inc), Credit Agreement (Curative Health Services Inc)

Limitation on Liens on Collateral. No The Grantor will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted EncumbrancesLiens (including Specified Priority Liens), and will defend the right, title and interest of the Trustee, the Collateral Agent and Lenders the present and future Holders of Secured Obligations in and to any of such the Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 4 contracts

Samples: Security Agreement (H&e Equipment Services LLC), Security Agreement (H&e Equipment Services LLC), Security Agreement (H&e Equipment Services LLC)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders Lender in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 4 contracts

Samples: Security Agreement (Phone1globalwide Inc), Security Agreement (Phone1globalwide Inc), Security Agreement (Phone1globalwide Inc)

Limitation on Liens on Collateral. No Such Grantor will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on any of the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever, except claims pursuant to the Permitted Encumbrances.

Appears in 3 contracts

Samples: Security Agreement (Osullivan Industries Holdings Inc), Security Agreement (Penhall International Corp), Security Agreement (Telex Communications International LTD)

Limitation on Liens on Collateral. No Such Grantor will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on any of the Collateral except Permitted EncumbrancesLiens, and will defend the right, title and interest of the Agent and Lenders the Secured Parties in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 3 contracts

Samples: Security Agreement (Neff Finance Corp.), Security Agreement (Neff Corp), Security Agreement (Neff Rental LLC)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted EncumbrancesLiens, and will defend the right, title and interest of Collateral Agent and Lenders in and to any of such Grantor's ’s rights under to the Collateral against the claims and demands of all Persons whomsoeverwhomsoever except holders of Permitted Liens.

Appears in 3 contracts

Samples: Security Agreement (TPC Group Inc.), Security Agreement (Texas Petrochemicals Inc.), Security Agreement (Texas Petrochemicals Inc.)

Limitation on Liens on Collateral. No Grantor will shall not, directly or indirectly, create, permit or suffer to exist, and each Grantor will shall defend the Collateral against, against and take such other action as is necessary to remove, any Lien on the Collateral Collateral, except (a) Permitted Encumbrances, Liens and will defend (b) the right, title and interest of Lien granted to the Agent and Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoeverthis Security Agreement.

Appears in 3 contracts

Samples: Security Agreement (Mobile Reach International Inc), Security Agreement (Crystal International Travel Group, Inc.), Security Agreement (Crystal International Travel Group, Inc.)

Limitation on Liens on Collateral. No The Grantor will not create, incur or permit or suffer to exist, and each Grantor will defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral except Permitted EncumbrancesCollateral, other than the Liens created hereby and other than as permitted pursuant to Section 6.3 of the Credit Agreement, and will defend the right, title and interest of the Agent and the Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 3 contracts

Samples: Subsidiary Security Agreement (Oro Spanish Broadcasting Inc), Pledge Agreement (Oro Spanish Broadcasting Inc), Subsidiary Security Agreement (Oro Spanish Broadcasting Inc)

Limitation on Liens on Collateral. No Such Grantor will shall not create, incur or permit or suffer to exist, and each Grantor will defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral except Permitted EncumbrancesCollateral, other than Liens permitted pursuant to the Credit Agreement and the other Loan Documents, and will defend the right, title and interest of the Collateral Agent and Lenders the other Secured Parties in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 2 contracts

Samples: Credit Agreement (On Semiconductor Corp), Guarantee and Collateral Agreement (On Semiconductor Corp)

Limitation on Liens on Collateral. No Grantor will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except the Liens granted to Agent, for the benefit of Agent and Lenders, hereunder and pursuant to any other Security Agreement and Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 2 contracts

Samples: Security Agreement (Code Alarm Inc), Security Agreement (Code Alarm Inc)

Limitation on Liens on Collateral. No Such Grantor will shall not create, incur, assume or permit or suffer to exist, and each such Grantor will shall defend the Collateral against, and take such other action as is necessary to remove, any Lien on upon the Collateral except Permitted Encumbrances, and will shall defend the right, title and interest of Agent and Lenders Xxxxxx in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoeverPersons.

Appears in 2 contracts

Samples: Guaranty and Security Agreement (Thorne Healthtech, Inc.), Guaranty and Security Agreement (Universal Technical Institute Inc)

Limitation on Liens on Collateral. No Grantor will not create, incur or permit or suffer to exist, and each Grantor will defend the Collateral against, and will take such other action as is reasonably necessary to remove, any Lien or material adverse claim on or to any of the Collateral except Collateral, other than the Liens created hereby and other than Permitted EncumbrancesLiens, and will defend the right, title and interest of the Agent and the Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 2 contracts

Samples: Subsidiary Security Agreement (Remington Arms Co Inc/), Subsidiary Security Agreement (Remington Arms Co Inc/)

Limitation on Liens on Collateral. No Such Grantor will shall not create, permit or suffer to exist, and each Grantor will shall defend the its Collateral against, against and take such other action as is necessary to remove, any Lien on such Collateral, except for Liens expressly permitted under the Collateral except Permitted Encumbrances, and will Note Documents. Such Grantor shall further defend the right, title and interest of the Collateral Agent and Lenders in and to any of such Grantor's ’s rights under the Collateral and in and to the Proceeds thereof against the claims and demands of all Persons whomsoever.

Appears in 2 contracts

Samples: Security Agreement (Lee Enterprises, Inc), Security Agreement (Lee Enterprises, Inc)

Limitation on Liens on Collateral. No Grantor will create, permit permit, or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and each Grantor will defend the right, title title, and interest of the Administrative Agent and Lenders in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 2 contracts

Samples: Guaranty Agreement (Lufkin Industries Inc), Guaranty Agreement (Lufkin Industries Inc)

Limitation on Liens on Collateral. No Grantor Grantors will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor's rights under in the Collateral against the claims and demands of all Persons whomsoever.

Appears in 2 contracts

Samples: Supplemental Security Agreement (Wilsons the Leather Experts Inc), Security Agreement (Wilsons the Leather Experts Inc)

Limitation on Liens on Collateral. No The Grantor will not create, incur or permit or suffer to exist, and each Grantor will defend the Collateral against, and will take such other action as is reasonably necessary to remove, any Lien or material adverse claim on or to any of the Collateral except Permitted EncumbrancesCollateral, other than exclusive licenses granted in the ordinary course of business and the Liens created by this Agreement and other than as permitted pursuant to the Loan Documents, and will defend the right, title and interest of the Administrative Agent and the Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 2 contracts

Samples: Subsidiary Patent and Trademark Security Agreement (Raci Holding Inc), Borrower Patent and Trademark Security Agreement (Raci Holding Inc)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien Liens or Security Interests on the Collateral except Permitted EncumbrancesLiens, and will defend the right, title and interest of Agent and Lenders Investors in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 2 contracts

Samples: Security Agreement (Stratus Media Group, Inc), Security Agreement (Stratus Media Group, Inc)

Limitation on Liens on Collateral. No Grantor will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 2 contracts

Samples: Security Agreement (Code Alarm Inc), Security Agreement (Black Warrior Wireline Corp)

Limitation on Liens on Collateral. No The Grantor will not create, incur or permit or suffer to exist, and each Grantor will defend at its own expense the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral except Permitted EncumbrancesCollateral, other than the Prior Liens and the Debenture Liens, and will defend the right, title and interest of the Collateral Agent and Lenders for the benefit of the Secured Parties in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons persons whomsoever, other than the Prior Lienholders and the holders of the Debenture Liens.

Appears in 2 contracts

Samples: General Collateral Security Agreement (Alliance Pharmaceutical Corp), Imagent Security Agreement (Alliance Pharmaceutical Corp)

Limitation on Liens on Collateral. No Grantor will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of First Lien Agent and Lenders Senior Note Purchasers in and to any of such the Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever, other than holders of Permitted Encumbrances.

Appears in 2 contracts

Samples: Security Agreement (Encompass Group Affiliates, Inc), Security Agreement (Advanced Communications Technologies Inc)

Limitation on Liens on Collateral. No Grantor will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Second Lien Agent and Lenders Subordinated Note Purchasers in and to any of such the Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever, other than holders of Permitted Encumbrances.

Appears in 2 contracts

Samples: Security Agreement (Encompass Group Affiliates, Inc), Security Agreement (Advanced Communications Technologies Inc)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien Liens or Security Interests on the Collateral except Permitted EncumbrancesLiens, and will defend the right, title and interest of Collateral Agent and Lenders Investors in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 2 contracts

Samples: Security Agreement (Stratus Media Group, Inc), Security Agreement (Stratus Media Group, Inc)

Limitation on Liens on Collateral. No The Grantor will not create, permit or suffer to exist, and each the Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien lien on the Collateral except Permitted Encumbrances(other than those provided for in this Agreement), and will defend the right, title and interest of Agent and Lenders the Security Trustee in and to any of such the Grantor's ’s rights under the Collateral and the priority thereof against the claims and demands of all Persons persons whomsoever.

Appears in 1 contract

Samples: Cryptocurrency Security Agreement

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of SCIL Agent and SCIL Lenders in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoeverwhomsoever (other than the beneficiaries of the Permitted Encumbrances.

Appears in 1 contract

Samples: Security Agreement (RBC Bearings INC)

Limitation on Liens on Collateral. No Such Grantor will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on any of the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoeverclaiming the same or any interest therein.

Appears in 1 contract

Samples: And Restated Security Agreement (Golfsmith International Holdings Inc)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders Term 2 Noteholder in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (PAV Republic, Inc.)

Limitation on Liens on Collateral. No Such Grantor will not create, permit or suffer to exist, and each such Grantor will defend the Collateral Collateral, against, and take such other action as is necessary to remove, any Lien on the such Collateral except Permitted Encumbrancesthe Liens granted hereby, and will defend the right, title and interest of Agent and Lenders Lender in and to any of such Grantor's ’s rights under the such Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Resorts International Hotel & Casino Inc)

Limitation on Liens on Collateral. No Grantor The Grantors will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is reasonably necessary to remove, any Lien on the Collateral except Permitted EncumbrancesLiens, and will defend the right, title and interest of Agent and Lenders the Secured Parties in and to any of such Grantor's the Grantors’ rights under the Collateral against the claims and demands of all Persons whomsoeverwhomsoever other than holders of Senior Lender Claims, subject in all cases to the Intercreditor Agreement.

Appears in 1 contract

Samples: Security Agreement (Dan River Inc /Ga/)

Limitation on Liens on Collateral. No Grantor will not create, permit permit, or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted EncumbrancesLiens in favor of Agent or otherwise permitted pursuant to the Credit Agreement, and will defend the right, title title, and interest of Agent and Lenders in and to any of such each Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Flotek Industries Inc/Cn/)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on any of the Collateral except Liens permitted under the Credit Agreement and Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Vertis Inc)

Limitation on Liens on Collateral. No Grantor will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted EncumbrancesLiens, and will defend the right, title and interest of Collateral Agent and Lenders Secured Parties in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Central Vermont Public Service Corp)

Limitation on Liens on Collateral. No Grantor will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoeverwhomsoever other than holders of Permitted Encumbrances.

Appears in 1 contract

Samples: Credit Agreement (Curative Health Services Inc)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Administrative Agent and Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoeverwhomsoever (other than a holder of a Permitted Encumbrance solely with respect to that Permitted Encumbrance).

Appears in 1 contract

Samples: Security Agreement (Darling International Inc)

Limitation on Liens on Collateral. No Grantor will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.. (g)

Appears in 1 contract

Samples: Security Agreement (Code Alarm Inc)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted EncumbrancesLiens, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (New Cf&i Inc)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted EncumbrancesLiens, and will defend the right, title and interest of Agent and Lenders the Bank in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Virco MFG Corporation)

Limitation on Liens on Collateral. No Grantor will create, --------------------------------- permit or suffer to exist, and each Grantor but will defend the Collateral against, and each Grantor's rights with respect thereto against and take such other action as is necessary to remove, any security interest, encumbrance, claim or other Lien on in respect of the Collateral except Permitted Encumbrances, other than the security interests created hereunder and will defend the right, title and interest Liens permitted under Section 6.02 of Agent and Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoeverCredit Agreement.

Appears in 1 contract

Samples: Pledge and Security Agreement (Firearms Training Systems Inc)

Limitation on Liens on Collateral. No Grantor --------------------------------- will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (American Eco Corp)

Limitation on Liens on Collateral. No Grantor will not create, permit permit, or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted EncumbrancesLiens in favor of Agent or otherwise permitted pursuant to the Credit Agreement, and will defend the right, title title, and interest of Agent and Lenders in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Englobal Corp)

Limitation on Liens on Collateral. No The Grantor will not create, permit permit, or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted EncumbrancesLiens, and the Grantor will defend the right, title title, and interest of the Agent and the Lenders in and to any of such the Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Daisytek International Corporation /De/)

Limitation on Liens on Collateral. No Grantor will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders Lender in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Great American Group, Inc.)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Collateral Agent and Lenders Secured Parties in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Subordinated Guarantor Security Agreement (Asta Funding Inc)

Limitation on Liens on Collateral. No Such Grantor will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on any of the Collateral except Permitted EncumbrancesLiens, and will defend the right, title and interest of Collateral Agent and Lenders in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever, except claims pursuant to the Permitted Liens.

Appears in 1 contract

Samples: Security Agreement (Southern Construction Products Inc)

Limitation on Liens on Collateral. No Grantor will create, incur or permit or suffer to exist, and each Grantor will take all commercially reasonable actions to defend the Collateral against, and will take such other commercially reasonable action as is necessary to remove, any Lien or claim on or to the Collateral except Permitted EncumbrancesCollateral, other than the Liens created hereby and other than as permitted pursuant to the Indenture, and will take all commercially reasonable actions to defend the right, title and interest of the Collateral Agent and Lenders the Indenture Claimholders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Indenture Collateral Agreement (Stratus Technologies Bermuda Holdings Ltd.)

Limitation on Liens on Collateral. No Such Grantor will not create, permit or suffer to exist, and each Grantor Grantors will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted EncumbrancesInventory Collateral Liens, and will defend the right, title and interest of Agent Trustee and Lenders the other Secured Parties in and to any of such Grantor's Grantors’ rights under the Collateral against the claims and demands of all Persons persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Mittal Steel USA Inc.)

Limitation on Liens on Collateral. No The Grantor will not create, --------------------------------- incur or permit or suffer to exist, and each the Grantor will shall defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral except Collateral, other than the Liens created hereby and Permitted EncumbrancesLiens, and will defend the right, title and interest of Agent and Lenders the Beneficiary in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever, other than Permitted Liens.

Appears in 1 contract

Samples: Security Agreement (Matthews Studio Equipment Group)

Limitation on Liens on Collateral. No Grantor The Grantors will not create, permit or suffer to exist, and each Grantor the Grantors will defend the Collateral and Collaterally Assigned Rights against, and take such other action as is necessary to remove, any Lien Liens or Security Interests on the Collateral except Permitted EncumbrancesLiens, and will defend the right, title and interest of Agent and Lenders the Secured Parties in and to any of such the Grantor's ’s rights under the Collateral and Collaterally Assigned Rights against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Body & Mind Inc.)

Limitation on Liens on Collateral. No The Grantor will not create, incur or permit or suffer to exist, and each Grantor will defend the Collateral against, and will take such other action as is reasonably necessary to remove, any Lien or material adverse claim on or to any of the Collateral except Permitted EncumbrancesCollateral, other than the Liens created by this Agreement, and will defend the right, title and interest of Agent and Lenders the Lender in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons persons whomsoever.

Appears in 1 contract

Samples: Patent, Trademark and Copyright Security Agreement (Advanced Photonix Inc)

Limitation on Liens on Collateral. No Grantor will create, incur or permit or suffer to exist, and each Grantor will defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral except Permitted EncumbrancesCollateral, other than the liens created hereby and other than as permitted pursuant to the Credit Agreement, and will -178- 186 defend the right, title and interest of Agent the Administrative Agent, the Lenders and Lenders the Issuing Lender in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Pledge Agreement (Denali Inc)

Limitation on Liens on Collateral. No Such Grantor will shall not create, permit or suffer to exist, and each such Grantor will shall defend the Collateral against, and take such other action as is necessary to remove, any Lien on upon the Collateral except Permitted Encumbrances, and will shall defend the right, title and interest of Agent and Lenders Lender in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoeverPersons.

Appears in 1 contract

Samples: Possession Credit Agreement (WTD Industries Inc)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of each Agent and Lenders the respective Secured Parties in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Coffeyville Resources, Inc.)

Limitation on Liens on Collateral. No Grantor will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever, other than holders of Permitted Encumbrances.

Appears in 1 contract

Samples: Security Agreement (Curative Health Services Inc)

AutoNDA by SimpleDocs

Limitation on Liens on Collateral. No The Grantor will not create, incur or permit or suffer to exist, and each Grantor will defend the Collateral against, and will take such other action as is necessary to remove, any Lien on the Collateral except Collateral, other than Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoeverLiens.

Appears in 1 contract

Samples: Security Agreement (Acreage Holdings, Inc.)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except the Liens created hereby and Permitted Encumbrances, and will defend the right, title and interest of Collateral Agent and Lenders Secured Parties in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security and Intercreditor Agreement (Trenwick America LLC)

Limitation on Liens on Collateral. No Grantor Grantors will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is reasonably necessary to remove, any Lien on the Collateral except Permitted EncumbrancesLiens, and will defend the right, title and interest of Agent and Lenders Lender in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever, except in connection with Permitted Liens.

Appears in 1 contract

Samples: General Security Agreement (Industrial Services of America Inc)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders Asta Group in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Subordinated Guarantor Security Agreement (Asta Funding Inc)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted EncumbrancesLiens, and will defend the right, title and interest of the Collateral Agent and Lenders the Purchasers in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Dixie Group Inc)

Limitation on Liens on Collateral. No Grantor will create, incur or permit or suffer to exist, and each Grantor will defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral except Permitted EncumbrancesCollateral, other than the liens created hereby and other than as permitted pursuant to the Credit Agreement, including, without limitation, the Liens securing the MC24 Obligations, and will defend the right, title and interest of Agent and Lenders the Lender in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Merisel Inc /De/)

Limitation on Liens on Collateral. No Grantor will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Credit Agreement (Pioneer Drilling Co)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except for Permitted EncumbrancesLiens, and will defend the right, title and interest of Collateral Agent and Lenders in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Wellman Inc)

Limitation on Liens on Collateral. No Grantor The Grantors will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, against and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, Liens and will defend the right, title and interest of the Administrative Agent and Lenders in and to any of such Grantor's the Grantors' rights under in the Collateral and in and to the Proceeds and products thereof against the claims and demands of all Persons persons whomsoever.. (c)

Appears in 1 contract

Samples: Security Agreement (Plasti Line Inc /Tn/)

Limitation on Liens on Collateral. No The Grantor will not create, permit permit, or suffer to exist, and each Grantor will take commercially reasonable efforts to defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral Collateral, except Permitted EncumbrancesLiens, and will defend the right, title and interest rights of Agent the Lender and Lenders in and to any of such the Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: General Security Agreement (Long Blockchain Corp.)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrancesthe liens permitted under Section 9.2 of the Credit Agreement, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Finlay Enterprises Inc /De)

Limitation on Liens on Collateral. No Grantor will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted EncumbrancesEncumbrances or other Liens permitted under Section 6.02 of the Credit Agreement, and will defend the right, title and interest of Agent and Lenders the Lender in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Transmedia Network Inc /De/)

Limitation on Liens on Collateral. No Grantor will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on any of the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Cherokee International Corp)

Limitation on Liens on Collateral. No Grantor will create, incur or permit or suffer to exist, and each Grantor will defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral except Permitted EncumbrancesCollateral, other than the liens created hereby and other than as permitted pursuant to the Loan Agreement, and will defend the right, title and interest of Agent and Lenders the Secured Party in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (GMH Communities Trust)

Limitation on Liens on Collateral. No Such Grantor will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrancesother than the Liens set forth onSchedule IV hereto, and will defend the right, title and interest of Agent and Lenders Lender in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Imperial Industries Inc)

Limitation on Liens on Collateral. No Such Grantor will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on any of the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever, except claims pursuant to Permitted Encumbrances.

Appears in 1 contract

Samples: Security Agreement (Penhall International Corp)

Limitation on Liens on Collateral. No Grantor will .not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders Lender in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Great American Group, Inc.)

Limitation on Liens on Collateral. No Grantor will create, incur or permit or suffer to exist, and each Grantor will defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral except Permitted EncumbrancesCollateral, other than the liens created hereby and other than as permitted pursuant to the Credit Agreement, and will defend the right, title and interest of Agent the Administrative Agent, the Lenders and Lenders the Issuing Lender in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Denali Inc)

Limitation on Liens on Collateral. No The Grantor will not create, incur or permit or suffer to exist, and each Grantor will defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral except Permitted EncumbrancesCollateral, other than the liens created hereby, and will defend the right, title and interest of Agent and Lenders the Lender in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Affordable Residential Communities Inc)

Limitation on Liens on Collateral. No Each Grantor will not create, permit or suffer to exist, and each Grantor will take commercially reasonable efforts to defend the Collateral against, and take such other action as is necessary to remove, remove any Lien on the Collateral Collateral, except Permitted EncumbrancesLiens, and will defend (subject to the right, title and interest terms of the Intercreditor Agreement) the rights of Collateral Agent and Lenders the Secured Parties in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Second Lien Security Agreement (ReFinance America, LTD)

Limitation on Liens on Collateral. No Grantor will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted EncumbrancesEncumbrances and the Coast Security Interest, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Mai Systems Corp)

Limitation on Liens on Collateral. No Grantor Grantors will not create, --------------------------------- permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor's rights under in the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Supplemental Security Agreement (Wilsons the Leather Experts Inc)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted EncumbrancesLiens, and will defend the right, title and interest of Agent and Lenders Trustee in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever, in each case, except as otherwise provided in the Intercreditor Provisions of the Indenture.

Appears in 1 contract

Samples: Security Agreement (Playtex Sales & Services Inc)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders Purchaser in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Credit Agreement (Butler International Inc /Md/)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders Lender in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Asta Funding Inc)

Limitation on Liens on Collateral. No Grantor will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted EncumbrancesCollateral, and will defend the right, title and interest of Agent and Lenders Purchaser in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Resource Holdings, Inc.)

Limitation on Liens on Collateral. No Grantor will create, permit permit, or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted EncumbrancesLiens, and each Grantor will defend the right, title title, and interest of the Agent and the Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Daisytek International Corporation /De/)

Limitation on Liens on Collateral. No Grantor will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral [except Permitted Encumbrances], and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Local Matters Inc.)

Limitation on Liens on Collateral. No Grantor None of the Grantors will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral Collateral, except Permitted EncumbrancesLiens, and will defend the right, title and interest of Agent and Lenders the Purchaser in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Center for Wound Healing, Inc.)

Limitation on Liens on Collateral. No The Grantor will not create, incur or permit or suffer to exist, and each Grantor will defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral except Permitted EncumbrancesCollateral, other than the Liens created hereby and will defend the right, title and interest of the Collateral Agent and the EPN Group Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Epepc Security Agreement (El Paso Energy Partners Lp)

Limitation on Liens on Collateral. No Such Grantor will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, exist any Lien on the Collateral Collateral, except Permitted EncumbrancesLiens, and will defend the right, title and interest of the Collateral Agent and Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoeverLiens, other than Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Willbros Group, Inc.\NEW\)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Asta Funding Inc)

Limitation on Liens on Collateral. No The Grantor will not create, --------------------------------- incur or permit or suffer to exist, and each Grantor will defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral except Permitted EncumbrancesCollateral, other than the Liens created hereby and will defend the right, title and interest of Agent and Lenders the Grantee in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Securities Purchase Agreement (Telecorp PCS Inc)

Limitation on Liens on Collateral. No Such Grantor will shall not create, permit or suffer to exist, and each such Grantor will shall defend the Collateral against, and take such other action as is necessary to remove, any Lien on upon the Collateral except Permitted Encumbrances, and will shall defend the right, title and interest of Agent and Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Uti Worldwide Inc)

Limitation on Liens on Collateral. No Grantor will create, incur or permit or suffer to exist, and each Grantor will defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral except Permitted EncumbrancesCollateral, other than the liens created hereby and other than as permitted pursuant to the Loan Agreement, and will defend the right, title and interest of the Administrative Agent and the Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Guarantor Security Agreement (Steinway Musical Instruments Inc)

Limitation on Liens on Collateral. No Such Grantor will shall not create, incur, assume or permit or suffer to exist, and each such Grantor will shall defend the Collateral against, and take such other action as is necessary to remove, any Lien on upon the Collateral except Permitted Encumbrances, and will shall defend the right, title and interest of Agent and Lenders in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoeverPersons.

Appears in 1 contract

Samples: Security Agreement (Ddi Corp)

Limitation on Liens on Collateral. No Grantor will not create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the right, title and interest of Agent and Lenders Lender in and to any of such Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Sweetheart Holdings Inc \De\)

Limitation on Liens on Collateral. No Such Grantor will shall not create, incur, assume or permit or suffer to exist, and each such Grantor will shall defend the Collateral against, and take such other action as is necessary to remove, any Lien on upon the Collateral except Permitted Encumbrances, and will shall defend the right, title and interest of Agent and Lenders in and to any of such Grantor's ’s rights under the Collateral against the claims and demands of all Persons whomsoeverPersons.

Appears in 1 contract

Samples: Security Agreement (Ddi Corp)

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