Common use of Limitation on Liens on Collateral Clause in Contracts

Limitation on Liens on Collateral. The 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, security interest, pledge, mortgage, deed of trust, levy, attachment, claim or other charge or encumbrance on or to the Collateral, and will defend the right, title and interest of the Collateral Agent and Lenders in and to any of the Collateral against the claims and demands of all persons or entities whatsoever.

Appears in 2 contracts

Samples: Security Agreement (Intellinetics, Inc.), Security Agreement (Bridgeline Digital, Inc.)

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Limitation on Liens on Collateral. The 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, security interest, pledge, mortgage, deed of trust, levy, attachment, claim or other charge or encumbrance on or to the Collateral, and will defend the right, title and interest of the Collateral Agent and Lenders Lender in and to any of the Collateral against the claims and demands of all persons or entities whatsoever.

Appears in 2 contracts

Samples: Security Agreement (Inergetics Inc), Security Agreement (Bridgeline Software, Inc.)

Limitation on Liens on Collateral. The Borrower will not not, nor will it permit or allow others to, create, incur or permit to existexist any Lien on the Collateral, other than Permitted Liens. The Borrower will defend the Collateral against, and will take such other action as is necessary to remove, any lien, security interest, pledge, mortgage, deed of trust, levy, attachment, claim or other charge or encumbrance Lien on or to the Collateral, other than Permitted Liens, and the Borrower will defend the right, title and interest of the Collateral Agent and Lenders in and to any of the Collateral against the claims and demands of all persons or entities whatsoeverCollateral.

Appears in 2 contracts

Samples: Loan and Security Agreement (Alliance Laundry Corp), Loan and Security Agreement (Alliance Laundry Holdings LLC)

Limitation on Liens on Collateral. The Borrower will not create, incur permit or permit suffer to exist, and will defend the Collateral against, and will the Borrower's rights with respect thereto against and take such other action as is necessary to remove, any lienLien, security interest, pledgeencumbrance, mortgage, deed of trust, levy, attachment, or claim or other charge or encumbrance on in or to the Collateral, Collateral other than the security interests created hereunder and will defend the right, title and interest of the Collateral Agent and Lenders in and to any of the Collateral against the claims and demands of all persons or entities whatsoeverPermitted Liens.

Appears in 2 contracts

Samples: Loan and Security Agreement (Versar Inc), Loan and Security Agreement (Versar Inc)

Limitation on Liens on Collateral. The 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, security interest, pledge, mortgage, deed of trust, levy, attachment, claim interest or other charge or encumbrance on or to the CollateralCollateral except for Permitted Liens, and will defend the right, title and interest of the Collateral Agent and Lenders Pledgee in and to any of Borrower's rights under the Collateral Accounts, Contracts, Documents and General Intangibles and to the Proceeds thereof against the claims and demands of all persons or entities whatsoeverPersons whomsoever.

Appears in 2 contracts

Samples: Security Agreement (Take Two Interactive Software Inc), Security Agreement (Take Two Interactive Software Inc)

Limitation on Liens on Collateral. The 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, security interest, pledge, mortgage, deed of trust, levy, attachment, claim Lien (other than Permitted Liens) or other charge or encumbrance claim on or to the Collateral, and will defend the right, title and interest of the Collateral Agent and Lenders Secured Parties in and to any of the Collateral against the claims and demands of all other persons or entities whatsoeverand entities.

Appears in 1 contract

Samples: Security Agreement (Long-E International, Inc.)

Limitation on Liens on Collateral. The Each 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, security interest, pledge, mortgage, deed of trust, levy, attachment, Lien or claim or other charge or encumbrance on or to the Collateral, other than Permitted Liens, and will defend the right, title and interest of the Collateral Agent and Lenders Banks in and to any of the Collateral against the claims and demands of all persons or entities whatsoeverPersons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Mac-Gray Corp)

Limitation on Liens on Collateral. The 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, security interest, pledge, mortgage, deed of trust, levy, attachment, claim or other charge or encumbrance on or to the Collateral, other than Permitted Liens, and will defend the right, title and interest of the Collateral Agent and Lenders Investor in and to any of the Collateral against the claims and demands of all persons or entities whatsoever.

Appears in 1 contract

Samples: Security Agreement (Silicon Graphics Inc /Ca/)

Limitation on Liens on Collateral. The Borrower 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, security interest, pledge, mortgage, deed of trust, levy, attachment, Lien or material adverse claim or other charge or encumbrance on or to any of the Collateral, other than the Liens created hereby and other than as permitted pursuant to the Loan Documents, and will defend the right, title and interest of the Collateral Administrative Agent and the Lenders in and to any of the Collateral against the claims and demands of all persons or entities whatsoeverPersons whomsoever.

Appears in 1 contract

Samples: Borrower Security Agreement (Raci Holding Inc)

Limitation on Liens on Collateral. The 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, security interest, pledge, mortgage, deed of trust, levy, attachment, Lien or claim or other charge or encumbrance on or to the Collateral, other than the Liens created hereby, other than the Permitted Liens and other than as permitted pursuant to Section 8.10 of the Credit Agreement, and will defend the right, title and interest of the Collateral Agent and Lenders the other Secured Parties in and to any of the Collateral against the claims and demands of all persons or entities whatsoeverPersons whomsoever.

Appears in 1 contract

Samples: Borrower Security Agreement (Payless Cashways Inc)

Limitation on Liens on Collateral. The Borrower will not not, nor will it permit or allow others to, create, incur or permit to existexist any lien, security interest or claim on or to the Collateral, other than the security interests created hereby. The Borrower will defend the Collateral against, and will take such other action as is necessary to remove, any lien, security interest, pledge, mortgage, deed of trust, levy, attachment, interest or claim or other charge or encumbrance on or to the Collateral, other than the security interests created hereby, and the Borrower will defend the right, title and interest of the Collateral Agent and Lenders Lender in and to any of the Collateral against the claims and demands of all persons or entities whatsoeverwhomsoever.

Appears in 1 contract

Samples: Loan and Security Agreement (Dvi Inc)

Limitation on Liens on Collateral. The 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, security interest, pledge, mortgage, deed of trust, levy, attachment, Lien or claim or other charge or encumbrance on or to the Collateral, 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 Collateral Agent and the Lenders in and to any of the Collateral against the claims and demands of all persons or entities whatsoeverPersons whomsoever.

Appears in 1 contract

Samples: Pledge Agreement (Oro Spanish Broadcasting Inc)

Limitation on Liens on Collateral. The 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, security interest, pledge, mortgage, deed of trust, levy, attachment, Lien or claim or other charge or encumbrance on or to the CollateralCollateral (provided that the Lender permits the Borrower to use funds in the Certificate of Deposit to do so which is in Lender’s sole discretion), other than the Security Interest and Permitted Liens, and will defend the right, title and interest of the Collateral Agent and Lenders Lender in and to any of the Collateral against the claims and demands of all persons or entities whatsoever.other persons. (i)

Appears in 1 contract

Samples: Loan and Security Agreement

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Limitation on Liens on Collateral. The 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, security interest, pledge, mortgage, deed of trust, levy, attachment, claim interest or other charge or encumbrance on or to the Collateral, and will defend the right, title and interest of the Collateral Agent and Lenders Pledgee in and to any of Borrower's rights under any Collateral and in and to the Collateral Proceeds thereof against the claims and demands of all persons or entities whatsoeverPersons whomsoever.

Appears in 1 contract

Samples: Securities Purchase Agreement (Autobond Acceptance Corp)

Limitation on Liens on Collateral. The Borrower 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, remove any lien, security interest, pledge, mortgage, deed of trust, levy, attachment, claim or other charge or encumbrance on or to the Collateral, other than the security interest in favor of the Agent pursuant to this Security Agreement, and will defend the right, title and interest of the Collateral Agent and Lenders in and to any of the Collateral against the claims and demands of all persons or entities whatsoever.

Appears in 1 contract

Samples: Security and Subordination Agreement (Bio Key International Inc)

Limitation on Liens on Collateral. The Each 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, security interest, pledge, mortgage, deed of trust, levy, attachment, Lien or claim or other charge or encumbrance on or to the Collateral, other than Permitted Liens, and will defend the right, title and interest of the Collateral Agent and Lenders Banks in and to any of the Collateral against the claims and demands of all persons or entities whatsoeverPersons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Mac-Gray Corp)

Limitation on Liens on Collateral. The 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, security interest, pledge, mortgage, deed of trust, levy, attachment, Lien or claim or other charge or encumbrance on or to the CollateralCollateral (provided that the Lender permits the Borrower to use funds in the Certificate of Deposit to do so which is in Lender’s sole discretion), other than the Security Interest and Permitted Liens, and will defend the right, title and interest of the Collateral Agent and Lenders Lender in and to any of the Collateral against the claims and demands of all persons or entities whatsoeverother persons.

Appears in 1 contract

Samples: Loan and Security Agreement (InPlay Technologies, Inc.)

Limitation on Liens on Collateral. The Borrower will not create, incur or permit to exist, will defend the Collateral against, and the Borrower will take such other action as is necessary to remove, any lien, security interest, pledge, mortgage, deed of trust, levy, attachment, interest or claim or other charge or encumbrance on or to the Collateral, other than the security interests created hereby, and will defend the right, title and interest of the Collateral Agent and Lenders Lender in and to any of the Collateral against the claims and demands of all persons or entities whatsoeverwhomsoever.

Appears in 1 contract

Samples: Interim Loan and Security Agreement (Aames Financial Corp/De)

Limitation on Liens on Collateral. The Borrower will shall 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, security interest, pledge, mortgage, deed Lien on any part of trust, levy, attachment, claim or other charge or encumbrance on or to the Collateral, other than the Liens created hereby or by the other Loan Documents and Permitted Liens, and will defend the right, title and interest of the Collateral Agent and Lenders Secured Party in and to any part of the Collateral against the claims and demands of all persons or entities whatsoeverwhomsoever.

Appears in 1 contract

Samples: Security Agreement (Mbia Inc)

Limitation on Liens on Collateral. The 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, security interest, pledge, mortgage, deed of trust, levy, attachment, Lien or claim or other charge or encumbrance on or to the Collateral, other than the Liens created hereby and other than as permitted pursuant to the Credit Agreement or the EPNHC Credit Agreement, and will defend the right, title and interest of the Collateral Agent and the EPN Group Lenders in and to any of the Collateral against the claims and demands of all persons or entities whatsoeverPersons whomsoever.

Appears in 1 contract

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

Limitation on Liens on Collateral. The Other than Permitted Liens, the 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, security interest, pledge, mortgage, deed of trust, levy, attachment, claim or other charge or encumbrance on or to the Collateral, Collateral and will defend the right, title and interest of the Collateral Agent and the Lenders in and to any of the Collateral against the claims and demands of all persons or entities whatsoever.

Appears in 1 contract

Samples: Security and Intercreditor Agreement (Monterey Capital Acquisition Corp)

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