Common use of Limitation on Liens on Collateral Clause in Contracts

Limitation on Liens on Collateral. The Grantor (x) 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 Liens created hereby and by the Security Agreement and Liens permitted by Section 3.9 of the Notes, and (y) will defend the right, title and interest of the Collateral Agent in and to any of the Collateral against the claims and demands of all Persons.

Appears in 3 contracts

Samples: Patent and Trademark Security Agreement (Emagin Corp), Patent and Trademark Security Agreement (Emagin Corp), Patent and Trademark Security Agreement (Emagin Corp)

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Limitation on Liens on Collateral. The Grantor (x) will not create, incur or permit to exist, will defend 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, other than the Liens created hereby and by the Security Agreement and Liens permitted by Section 3.9 of the Notes, and (y) will defend the right, title and interest of the Collateral Agent Secured Parties in and to any of the Collateral against the claims and demands of all Personspersons whomsoever.

Appears in 3 contracts

Samples: Security Agreement (Photogen Technologies Inc), Security Agreement (Alliance Pharmaceutical Corp), Security Agreement (Photogen Technologies Inc)

Limitation on Liens on Collateral. The Grantor (x) 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 Liens Security Interest created hereby and Liens created by the Patent and Trademark Security Agreement and Liens permitted by Section 3.9 of the NotesAgreement, and (y) will defend the right, title and interest of the Collateral Agent in and to any of the Collateral against the claims and demands of all Persons.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Emagin Corp), Pledge and Security Agreement (Emagin Corp), Pledge and Security Agreement (Emagin Corp)

Limitation on Liens on Collateral. The Except as provided in paragraph (f) below, the Grantor (x) will not create, incur or permit to exist, 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, other than the Liens created hereby and by the Security Agreement and Liens permitted by Section 3.9 of the Notes, and (y) will defend the right, title and interest of the Collateral Agent Secured Parties in and to any of the Collateral against the claims and demands of all Personspersons whomsoever.

Appears in 3 contracts

Samples: Patent and Trademark Security Agreement (Photogen Technologies Inc), Patent and Trademark Security Agreement (Alliance Pharmaceutical Corp), Patent and Trademark Security Agreement (Photogen Technologies Inc)

Limitation on Liens on Collateral. The Grantor (x) 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 Liens created hereby and by other than as permitted pursuant to the Security Agreement Amended and Liens permitted by Section 3.9 of the NotesRestated Note Agreement, and (y) will defend the right, title and interest of the Collateral Agent in and to any of the Collateral against the claims and demands of all PersonsPersons whomsoever.

Appears in 2 contracts

Samples: Security Agreement (Source Media Inc), Security Agreement (Source Media Inc)

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Limitation on Liens on Collateral. The Each Grantor (x) 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 Liens created hereby and other than as permitted by the Security Agreement and Liens permitted by Section 3.9 of the NotesIndenture, and (y) will defend the right, title and interest of the Collateral Agent in and to any of the Collateral against the claims and demands of all PersonsPersons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Mentus Media Corp)

Limitation on Liens on Collateral. The Grantor (x) 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 Liens created hereby and by the Security Agreement and Liens or as permitted by Section 3.9 of the Notes, and (y) will defend the right, title and interest of the Collateral Agent in and to any of the Collateral against the claims and demands of all Personspersons whomsoever.

Appears in 1 contract

Samples: Patent and Trademark Security Agreement (Cephalon Inc)

Limitation on Liens on Collateral. The Grantor (x) 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 Liens created hereby and by the Security Agreement and Liens as permitted by Section 3.9 of the NotesNote, and (y) will defend the right, title and interest of the Collateral Agent in and to any of the Collateral against the claims and demands of all Personspersons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Cephalon Inc)

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