Common use of Limitation on Liens on Collateral Clause in Contracts

Limitation on Liens on Collateral. Grantors will not create, permit or suffer to exist, and will defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral except Liens permitted by the Note Purchase Agreement, and will defend the right, title and interest of Agent in and to any of each Grantor's rights under the 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 Persons whomsoever.

Appears in 2 contracts

Samples: Note Purchase Agreement (Home Products International Inc), Subordinated Note Security Agreement (Home Products International Inc)

AutoNDA by SimpleDocs

Limitation on Liens on Collateral. Grantors The Grantor will not create, incur or permit or 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 material adverse claim on or to any of the Collateral except Collateral, other than the Liens created hereby and other than as permitted by pursuant to the Note Purchase AgreementLoan Documents, and will defend the right, title and interest of the Administrative Agent and the Lenders in and to any of each Grantor's rights under the Chattel Paper, Contracts, Documents, General Intangibles and Instruments and to the Equipment and Inventory and in and to the Proceeds thereof Collateral against the claims and demands of all Persons whomsoever.

Appears in 2 contracts

Samples: Subsidiary Security Agreement (Raci Holding Inc), Subsidiary Security Agreement (Raci Holding Inc)

Limitation on Liens on Collateral. Grantors Such Grantor will not create, permit or suffer to exist, and will defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral except Liens permitted by the Note Purchase AgreementPermitted Liens, and will defend the right, title and interest of the Administrative Agent in and to any of each Grantor's ’s rights under the 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 Persons whomsoever.

Appears in 2 contracts

Samples: Credit Agreement (Quintana Energy Services Inc.), Credit Agreement (Quintana Energy Services Inc.)

Limitation on Liens on Collateral. Grantors will Such Grantor shall not create, incur or permit or 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 except Collateral, other than Liens permitted by pursuant to the Note Purchase AgreementCredit Agreement and the other Loan Documents, and will make commercially reasonable efforts to defend the right, title and interest of the Collateral Agent and the other Secured Parties and the other holders of the Secured Obligations in and to any of each Grantor's rights under the Chattel Paper, Contracts, Documents, General Intangibles and Instruments and to the Equipment and Inventory and in and to the Proceeds thereof Collateral against the claims and demands of all Persons whomsoever.

Appears in 2 contracts

Samples: Credit Agreement (Auxilium Pharmaceuticals Inc), Credit Agreement (Auxilium Pharmaceuticals Inc)

Limitation on Liens on Collateral. Grantors Grantor will not create, incur or permit or 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 material adverse claim on or to any of the Collateral except Collateral, other than exclusive licenses granted in the Ordinary Course of Business and the Liens created by this Agreement and other than as permitted by pursuant to the Note Purchase AgreementCredit Documents, and will defend the right, title and interest of the Agent and the Lenders in and to any of each Grantor's rights under the Chattel Paper, Contracts, Documents, General Intangibles and Instruments and to the Equipment and Inventory and in and to the Proceeds thereof Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Patent and Trademark Security Agreement (Remington Arms Co Inc/)

Limitation on Liens on Collateral. Grantors Such Grantor will not create, permit or suffer to exist, and will defend the Collateral against against, and take such other action as is necessary to remove, any Lien on any of the Collateral except Liens permitted by the Note Purchase AgreementPermitted Encumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of each such Grantor's ’s rights under the Chattel Paper, Contracts, Documents, General Intangibles and Instruments and to the Equipment and Inventory and in and to the Proceeds thereof Collateral against the claims and demands of all Persons whomsoever, except claims pursuant to the Permitted Encumbrances.

Appears in 1 contract

Samples: Security Agreement (Southern Construction Products Inc)

Limitation on Liens on Collateral. Grantors The Grantor will --------------------------------- not create, permit or suffer to exist, and will defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral except Liens permitted by the Note Purchase AgreementPermitted Liens, and will defend the right, title and interest of Agent the Lender in and to any of each the Grantor's rights under the 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 Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Securicor International LTD)

Limitation on Liens on Collateral. Grantors The Grantor will --------------------------------- not create, permit or suffer to exist, and will defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral except Liens permitted by the Note Purchase AgreementPermitted Encumbrances, and will defend the right, title and interest of the Agent in and to any of each the Grantor's rights under the 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 Persons whomsoever.

Appears in 1 contract

Samples: Parent Security Agreement (Viskase Companies Inc)

Limitation on Liens on Collateral. Grantors will Such Grantor shall not create, permit or suffer to exist, and will shall defend the its Collateral 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 Liens permitted by the Note Securities Purchase Agreement, and will . Such Grantor shall further defend the right, title and interest of the Collateral Agent in and to any of each such Grantor's ’s rights under the Chattel Paper, Contracts, Documents, General Intangibles and Instruments and to the Equipment and Inventory Collateral and in and to the Proceeds thereof against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (ZaZa Energy Corp)

Limitation on Liens on Collateral. Grantors Such Grantor will not create, permit or suffer to exist, and will defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral except Liens permitted by the Note Purchase AgreementExcepted Liens, and will defend the right, title and interest of the Collateral Agent in and to any of each Grantor's ’s rights under the 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 Persons whomsoever.

Appears in 1 contract

Samples: Credit Agreement (Willbros Group Inc)

Limitation on Liens on Collateral. Grantors will Such Grantor shall not create, incur or permit or suffer to exist, and will defend the Collateral against against, and take such other action as is necessary to remove, any Lien or claim on or to the Collateral except Collateral, other than Liens permitted by pursuant to the Note Purchase AgreementIndenture, and will defend the right, title and interest of the Collateral Agent and the other Secured Parties and the other holders of the Obligations in and to any of each Grantor's rights under the Chattel Paper, Contracts, Documents, General Intangibles and Instruments and to the Equipment and Inventory and in and to the Proceeds thereof Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: And Collateral Agreement (Merge Healthcare Inc)

Limitation on Liens on Collateral. Grantors Such Grantor will not create, permit or suffer to exist, and will defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral except Liens permitted by the Note Purchase AgreementPermitted Liens, and will defend the right, title and interest of the Collateral Agent in and to any of each Grantor's ’s rights under the 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 Persons whomsoever.

Appears in 1 contract

Samples: Credit Agreement (Willbros Group Inc)

Limitation on Liens on Collateral. Grantors The Grantor will not create, incur or permit or 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 material adverse claim on or to any of the Collateral except Liens Collateral, other than the liens created by this Agreement and those permitted by the Note Purchase AgreementNotes, if any, and will defend the right, title and interest of Agent the Bank in and to any of each Grantor's rights under the Chattel Paper, Contracts, Documents, General Intangibles and Instruments and to the Equipment and Inventory and in and to the Proceeds thereof Collateral against the claims and demands of all Persons persons whomsoever.

Appears in 1 contract

Samples: Patent and Trademark Security Agreement (Jpe Inc)

Limitation on Liens on Collateral. Grantors Grantor will not create, permit or suffer to exist, and Grantor will defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral Collateral, except Liens permitted by the Note Purchase AgreementPermitted Liens, and will defend the right, title and interest of Agent in and to any all of each Grantor's rights under the 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 Persons whomsoever.

Appears in 1 contract

Samples: General Security Agreement (Venture Stores Inc)

AutoNDA by SimpleDocs

Limitation on Liens on Collateral. Grantors Such Grantor will not create, permit or suffer to exist, and will defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral except Liens permitted by the Note Purchase Agreement, under Section 8.2 and will defend the right, title and interest of the Administrative Agent in and to any all of each such Grantor's rights under the Chattel Paper, Contracts, Documents, General Intangibles and Instruments and to the Equipment and Inventory and in and to the Proceeds thereof Collateral against the claims and demands of all Persons whomsoeverwhomsoever other than claims or demands arising out of Liens permitted under Section 8.2.

Appears in 1 contract

Samples: Kasper a S L LTD

Limitation on Liens on Collateral. Grantors Such Grantor will not create, permit or suffer to exist, and will defend the Collateral against against, and take such other action as is necessary to remove, any Lien on the Collateral except Liens permitted by the Note Purchase AgreementPermitted Encumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of each such Grantor's rights under the Chattel Paper, Contracts, Documents, General Intangibles and Instruments and to the Equipment and Inventory and in and to the Proceeds thereof Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Baldwin Piano & Organ Co /De/)

Limitation on Liens on Collateral. Grantors will Such Grantor shall not create, permit or suffer to exist, and will shall defend the its Collateral against and take such other action as is necessary to remove, any Lien on the Collateral such Collateral, except for Liens expressly permitted by under the Note Purchase Agreement, and will . Such Grantor shall further defend the right, title and interest of the Collateral Agent in and to any of each such Grantor's ’s rights under the Chattel Paper, Contracts, Documents, General Intangibles and Instruments and to the Equipment and Inventory Collateral and in and to the Proceeds thereof against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Lee Enterprises, Inc)

Limitation on Liens on Collateral. Grantors will Such Grantor shall not create, incur, assume or permit or suffer to exist, and will such Grantor shall defend the Collateral against against, and take such other action as is necessary to remove, any Lien on upon the Collateral except Liens permitted by the Note Purchase AgreementPermitted Encumbrances, and will shall defend the right, title and interest of Agent and Lender Parties in and to any of each such Grantor's ’s rights under the Chattel Paper, Contracts, Documents, General Intangibles and Instruments and to the Equipment and Inventory and in and to the Proceeds thereof Collateral against the claims and demands of all Persons whomsoeverPersons.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Dixie Group Inc)

Limitation on Liens on Collateral. Grantors The Grantor will not --------------------------------- create, permit or suffer to exist, and will defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral except Liens permitted by the Note Purchase AgreementPermitted Encumbrances, and will defend the right, title and interest of the Agent in and to any of each the Grantor's rights under the 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 Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Viskase Companies Inc)

Limitation on Liens on Collateral. Grantors will Such Grantor shall not create, incur or permit or 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 except Liens permitted by the Note Purchase AgreementCollateral, and will defend the right, title and interest of Agent Holdings in and to any of each Grantor's rights under the Chattel Paper, Contracts, Documents, General Intangibles and Instruments and to the Equipment and Inventory and in and to the Proceeds thereof Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security and Guarantee Agreement (Aspirity Holdings LLC)

Limitation on Liens on Collateral. Grantors The Grantor will not create, incur or permit or 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 material adverse claim on or to any of the Collateral except Collateral, other than the Liens created hereby and other than as permitted by pursuant to the Note Purchase AgreementLoan Documents, and will defend the right, title and interest of the Agent and the Lenders in and to any of each Grantor's rights under the Chattel Paper, Contracts, Documents, General Intangibles and Instruments and to the Equipment and Inventory and in and to the Proceeds thereof 6 6 Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Trademark Security Agreement (Aps Holding Corporation)

Limitation on Liens on Collateral. Grantors The Grantor will not create, --------------------------------- incur or permit or 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 material adverse claim on or to any of the Collateral except Collateral, other than the Liens created hereby and other than as permitted by pursuant to the Note Purchase AgreementLoan Documents, and will defend the right, title and interest of the Administrative Agent and the Lenders in and to any of each Grantor's rights under the Chattel Paper, Contracts, Documents, General Intangibles and Instruments and to the Equipment and Inventory and in and to the Proceeds thereof Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Subsidiary Security Agreement (Raci Holding Inc)

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