Common use of Limitation on Liens on Collateral Clause in Contracts

Limitation on Liens on Collateral. The Debtor will not create, incur or permit to exist, 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, other than the Security Interest and Permitted Liens, and will defend the right, title and interest of the Secured Party in and to any of the Collateral against the claims and demands of all other persons.

Appears in 36 contracts

Samples: Blanket Security Agreement (Genesys Industries, Inc.), Blanket Security Agreement (Genesys Industries, Inc.), Security Agreement (Digital Lightwave Inc)

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Limitation on Liens on Collateral. The Debtor will not create, incur permit or permit suffer to exist, and will defend the Collateral against, and will the Debtor's rights with respect thereto against and take such other action as is necessary to removeremove any Lien, any Lien security interest, encumbrance, or claim on in or to the Collateral, Collateral other than the Security Interest security interests created hereunder and Permitted Liens, and will defend such Liens to the right, title and interest extent permitted pursuant to Section 6.2(a) of the Secured Party in and to any of the Collateral against the claims and demands of all other personsRevolving Credit Agreement.

Appears in 14 contracts

Samples: Pledge Agreement (Hagler Bailly Inc), Security Agreement (Hagler Bailly Inc), Security Agreement (Hagler Bailly Inc)

Limitation on Liens on Collateral. The Debtor will not create, incur or permit to exist, will defend the Collateral against, and will take such other action as is necessary to remove, any Lien lien or claim on or to the Collateral, other than the Security Interest and Permitted LiensInterest, and will defend the right, title and interest of the Secured Party in and to any of the Collateral against the claims and demands of all other persons.

Appears in 4 contracts

Samples: Purchase Agreement (Environmental Tectonics Corp), Purchase Agreement (Environmental Tectonics Corp), Loan and Security Agreement (Lightpath Technologies Inc)

Limitation on Liens on Collateral. The Debtor will not create, incur or permit to exist, will defend the Collateral against, and will take such other action as is necessary to remove, any Lien lien or claim on or to the Collateral, other than the Security Interest and Permitted LiensInterest, and will defend the right, title and interest of the Secured Party Parties in and to any of the Collateral against the claims and demands of all other persons.

Appears in 4 contracts

Samples: Security Agreement (Ethos Environmental, Inc.), Security Agreement (Paxton Energy Inc), Security Agreement (Rvision, Inc)

Limitation on Liens on Collateral. The Debtor will not create, incur assume or permit to exist, 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, other than the Security Interest and Permitted LiensEncumbrances, and will defend the right, title and interest of the Secured Party and the Banks in and to any of the Collateral against the claims and demands of all parties whomsoever other personsthan holders of Permitted Encumbrances with respect to such Permitted Encumbrances.

Appears in 3 contracts

Samples: Credit Agreement (Exco Resources Inc), Credit Agreement (Venus Exploration Inc), Credit Agreement (Exco Resources Inc)

Limitation on Liens on Collateral. The Debtor will not create, incur permit or permit suffer to exist, and will defend the Collateral against, against and will take such other action as is necessary to promptly remove, any Lien or claim on or to the Collateral, other than the Security Interest and Collateral except Permitted Liens, and will defend the right, title and interest of the Secured Party Lender in and to any of Debtor’s rights under the Collateral against the claims and demands of all other personsPersons whomsoever.

Appears in 3 contracts

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

Limitation on Liens on Collateral. The Debtor will not create, incur or permit to exist, 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, other than the Security Interest and Permitted LiensInterest, and will defend the right, title and interest of the Secured Party in and to any of the Collateral against the claims and demands of all other persons.

Appears in 3 contracts

Samples: Development and Commercialization Agreement, Development and Commercialization Agreement (Acucela Inc.), Development and Commercialization Agreement (Acucela Inc)

Limitation on Liens on Collateral. The Debtor will not create, incur or permit to exist, will defend the Collateral against, and will take such other action as is reasonably necessary to remove, any Lien or claim on or to the Collateral, other than the Security Interest and Permitted Liens, and will defend the right, title and interest of the Secured Party Parties in and to any of the Collateral against the claims and demands of all other persons.

Appears in 3 contracts

Samples: Security Agreement (Mitek Systems Inc), Security Agreement (Deltagen Inc), Security Agreement (Mechanical Technology Inc)

Limitation on Liens on Collateral. The Debtor will not create, incur or permit to exist, will defend the Collateral against, and will take such other action as is necessary to remove, any Lien lien or claim on or to the Collateral, other than the Security Interest and Permitted Liens, and will defend the right, title and interest of the Secured Party in and to any of the Collateral against the claims and demands of all other persons.

Appears in 2 contracts

Samples: Security Agreement (United Cannabis Corp), Master Loan and Security Agreement (North Bay Resources Inc)

Limitation on Liens on Collateral. The Debtor will not create, incur permit or permit suffer to exist, and 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, other than the Security Interest and Collateral except Permitted LiensEncumbrances, and will defend the right, title and interest of the Secured Party Lender in and to any of Debtor's rights under the Collateral against the claims and demands of all other personsPersons whomsoever.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Cellstar Corp), Security Agreement (Cellstar Corp)

Limitation on Liens on Collateral. The Debtor Debtors will not create, incur permit or permit suffer to exist, and the Debtors 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, other than the Security Interest and Permitted Liens, and will defend the right, title and interest of the Secured Party Parties in and to any of the Debtors’ rights under the Collateral against the claims and demands of all Persons whomsoever, other personsthan Liens pursuant to the Senior Credit Agreement.

Appears in 2 contracts

Samples: Security Agreement (Interpharm Holdings Inc), Security Agreement (Interpharm Holdings Inc)

Limitation on Liens on Collateral. The Debtor will not create, incur permit or permit suffer to exist, and the Debtor 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, other than the Security Interest and Collateral except Permitted LiensEncumbrances, and will defend the right, title and interest of the Secured Party Parties in and to any of the Debtor’s rights under the Collateral against the claims and demands of all other personsPersons whomsoever.

Appears in 2 contracts

Samples: Security Agreement (NovaRay Medical, Inc.), Security Agreement (NovaRay Medical, Inc.)

Limitation on Liens on Collateral. The Debtor will not create, incur assume or permit to exist, will defend the Collateral against, and will take such other action as is necessary to remove, any Lien lien, security interest or claim on in or to the Collateral, other than the Security Interest security interest and Permitted Liens, liens created hereby and will defend the right, title and interest of the Secured Party in and to any of the Collateral against the claims and demands of all other personsPersons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Candlewood Hotel Co Inc)

Limitation on Liens on Collateral. The Each Debtor will not create, incur or permit to exist, will defend the Collateral against, and will take such other action as is necessary to remove, any Lien lien or claim on or to the Collateral, other than the Security Interest and Permitted LiensInterest, and will defend the right, title and interest of the Secured Party in and to any of the Collateral against the claims and demands of all other persons.

Appears in 1 contract

Samples: Security Agreement (Netfabric Holdings, Inc)

Limitation on Liens on Collateral. The Debtor Debtors will not create, incur permit or permit suffer to exist, and the Debtors 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, other than the Security Interest and Permitted Liens, and will defend the right, title and interest of the Secured Party Parties in and to any of the Debtors’ rights under the Collateral against the claims and demands of all Persons whomsoever, other personsthan Liens in favor of ScanSource.

Appears in 1 contract

Samples: Security Agreement (Juma Technology Corp.)

Limitation on Liens on Collateral. The Debtor will not create, incur permit or permit suffer to exist, and will defend the Collateral against, against and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral, other than the Security Interest and Collateral except Permitted Liens, and will defend the right, title and interest of the Secured Party Lender in and to any of Debtor's rights under the Collateral Chattel Paper, Contracts, Documents, Intangible Assets and Instruments and to the Equipment and Inventory and in and to the Proceeds thereof against the claims and demands of all other personsPersons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Vital Living Inc)

Limitation on Liens on Collateral. The Debtor Debtors will not create, incur or permit to exist, will defend the Collateral against, and will take such other action as is necessary to remove, any Lien lien or claim on or to the CollateralCollateral or any part thereof, other than the Security Interest and Permitted Liensliens created hereby, and will defend the right, title and interest of the Secured Party Parties in and to any of the Collateral against the claims and demands of all other personspersons whomsoever.

Appears in 1 contract

Samples: Amended and Restated Security Agreement (America West Resources, Inc.)

Limitation on Liens on Collateral. The Debtor will not create, incur permit or permit suffer to exist, and the Debtor 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, other than the Security Interest and Permitted Liens, and will defend the right, title and interest of the Secured Party in and to any of the Debtor's rights under the Collateral against the claims and demands of all other personsPersons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Total Luxury Group Inc)

Limitation on Liens on Collateral. The Debtor Borrower will not create, incur permit or permit suffer to exist, and Borrower 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, other than the Security Interest and Collateral except Permitted LiensEncumbrances, and will defend the right, title and interest of the Collateral Agent, on behalf of Secured Party Parties, in and to any of Borrower's rights under the Collateral against the claims and demands of all other personsPersons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Sr Telecom Inc)

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Limitation on Liens on Collateral. The Debtor will not create, incur or permit to exist, will defend the Collateral against, and will take such other action as is necessary to remove, any Lien lien or claim on or to the Collateral, other than the Security Interest and Permitted Liens, and will defend the right, title and interest of the Secured Party in and to any of the Collateral against the claims and demands of all other persons.

Appears in 1 contract

Samples: Security Agreement (Rvision, Inc)

Limitation on Liens on Collateral. The Debtor Debtors will not create, incur or permit to exist, and will defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim lien on or with respect to the Collateral, Collateral other than the Security Interest security interests created hereby, and other than Permitted LiensLiens pursuant to the Credit Agreement, and will defend the right, title and interest of the Secured Party Bank in and to any of the Collateral against the claims and demands of all other persons. Debtors will not sell or otherwise dispose of any type or item of Collateral except as expressly permitted by this Agreement or the Credit Agreement.

Appears in 1 contract

Samples: Note Purchase Agreement (Mca Financial Corp /Mi/)

Limitation on Liens on Collateral. The Debtor No Borrower will not create, incur permit or permit suffer to exist, and will defend the Collateral against, against and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral, other than the Security Interest and Collateral except Permitted LiensEncumbrances, and will defend the right, title and interest of the Secured Party in and to any of Borrower's rights under the Collateral Chattel Paper, Contracts, Documents, General Intangibles and Instruments and to the Equipment and Inventory and in and to the Proceeds thereof against the claims and demands of all other personsPersons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Educational Medical Inc)

Limitation on Liens on Collateral. The Debtor will not create, incur or permit to exist, 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, other than the Security Interest Interest, the floating charge granted under this Agreement, Permitted Encumbrances and Permitted Liens, Liens permitted in writing by RBC and the Debtor will defend the right, title and interest of the Secured Party RBC in and to any of the Collateral against the claims and demands of all other personsPersons.

Appears in 1 contract

Samples: Letter Agreement (Barnwell Industries Inc)

Limitation on Liens on Collateral. The Debtor will not create, incur permit, or permit suffer to exist, and will defend the Collateral against, against and will take such other action as is necessary to removeremove any lien, mortgage, pledge, assignment, security interest, charge, or encumbrance of any Lien kind and any agreement to give or claim refrain from giving any of the foregoing on or to the Collateral, other than the Security Interest and Permitted Liens, and will defend the right, title title, and interest of the Secured Party in and to any of the Collateral and in and to the proceeds and products of it against the claims and demands of all other personsany person or party.

Appears in 1 contract

Samples: Security Agreement (Lodging Fund REIT III, Inc.)

Limitation on Liens on Collateral. The Debtor will not shall not, directly or indirectly, create, incur permit or permit suffer to exist, will and shall defend the Collateral against, against and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral, other than except the Security Interest and Permitted Liens, and will defend the right, title and interest of the Lien granted to Secured Party in and to any of the Collateral against the claims and demands of all other personsunder this Security Agreement.

Appears in 1 contract

Samples: Security Agreement (Integrated Surgical Systems Inc)

Limitation on Liens on Collateral. The Debtor Borrower will not create, incur or permit to exist, will defend the Collateral against, and will take such other action as is necessary to remove, any Lien (other than Permitted Liens) or other claim on or to the Collateral, other than the Security Interest and Permitted Liens, and will defend the right, title and interest of the Secured Party in and to any of the Collateral against the claims and demands of all other personspersons and entities.

Appears in 1 contract

Samples: Security Agreement (Carthew Bay Technologies Inc)

Limitation on Liens on Collateral. The Debtor Debtor-sub will not create, incur or permit to exist, will defend the Collateral against, and will take such other action as is necessary to remove, any Lien lien or claim on or to the Collateral, other than the Security Interest and Permitted LiensInterest, and will defend the right, title and interest of the Secured Party in and to any of the Collateral against the claims and demands of all other persons.

Appears in 1 contract

Samples: Security Agreement (Vocalscape Networks, Inc.)

Limitation on Liens on Collateral. The Debtor will not create, incur or permit to exist, 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, other than the Security Interest Liens created hereby and Permitted Liens, and will defend the right, title and interest of the Secured Party in and to any of the Collateral against the claims and demands of all other personsPersons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Iwt Tesoro Corp)

Limitation on Liens on Collateral. The Debtor will not create, incur or permit to exist, 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, other than the Security Interest Liens created hereby and Permitted Liensother than as permitted pursuant to the Loan Agreement, and will defend the right, title and interest of the Secured Party in and to any of the Collateral against the claims and demands of all other personspersons whomsoever.

Appears in 1 contract

Samples: Security Agreement (TMBR Sharp Drilling Inc)

Limitation on Liens on Collateral. The Debtor will not create, incur permit or permit suffer to exist, and will defend the Collateral against, against and will take such other action as is reasonably necessary to remove, any Lien or claim on or to the Collateral, other than the Security Interest and Permitted Liens, and will defend the right, title and interest of the Secured Party in and to any of Debtor’s rights under the Collateral Chattel Paper, Contracts, Documents, Intangible Assets and Instruments and to the Equipment and Inventory and in and to the Proceeds thereof against the claims and demands of all other personsPersons whomsoever.

Appears in 1 contract

Samples: Security Agreement (CurrencyWorks Inc.)

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