Common use of Ownership and Liens Clause in Contracts

Ownership and Liens. Debtor will maintain good and marketable title to all Collateral free and clear of all liens, security interests, encumbrances or adverse claims, except for the security interest created by this Agreement and the security interests and other encumbrances expressly permitted by the other Loan Documents. Debtor will not permit any dispute, right of setoff, counterclaim or defense to exist with respect to all or any part of the Collateral. Debtor will cause any financing statement or other security instrument with respect to the Collateral to be terminated, except as may exist or as may have been filed in favor of Secured Party. Debtor will defend at its expense Secured Party's right, title and security interest in and to the Collateral against the claims of any third party.

Appears in 6 contracts

Samples: Security Agreement (Amx Corp /Tx/), Security Agreement (Visual Edge Systems Inc), Security Agreement (Mitcham Industries Inc)

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Ownership and Liens. Debtor will maintain good and marketable title to all Collateral free and clear of all liens, security interests, encumbrances or adverse claims, except for the security interest created by this Agreement and the security interests and other encumbrances expressly permitted herein or by the other Loan Documents. Debtor will not permit any dispute, right of setoff, counterclaim or defense to exist with respect to all or any part of the Collateral. Debtor will cause any financing statement or other security instrument with respect to the Collateral to be terminated, except as may exist or as may have been filed in favor of Secured Party. Debtor will defend at its expense Secured Party's right, title and security interest in and to the Collateral against the claims of any third party.

Appears in 2 contracts

Samples: Security Agreement (Earthcare Co), Security Agreement (Earthcare Co)

Ownership and Liens. Debtor will maintain good and marketable title to all Collateral free and clear of all liens, security interestsLiens, encumbrances or adverse claims, except for the security interest created by this Agreement and the security interests and other encumbrances expressly permitted by the other Loan DocumentsAgreement. Debtor will not permit any dispute, right of setoff, counterclaim or defense to exist with respect to all or any part of the Collateral. Debtor will cause to be terminated any financing statement or other security registration or instrument with respect to similar in effect covering all or any part of the Collateral to be terminatedCollateral, except as may exist or as may any which have been filed in favor of Secured PartyParty relating to this Agreement. Debtor will defend at its expense Secured Party's right, title and special property and security interest in and to the Collateral against the claims of any third partyPerson.

Appears in 2 contracts

Samples: Stock Pledge Agreement (Leslie Resources Inc), Pledge Agreement (United States Exploration Inc)

Ownership and Liens. Debtor will maintain good and marketable title Defensible Title to all Collateral free and clear of all liens, security interests, encumbrances or adverse claims, except for the security interest created by this Agreement and the security interests and other encumbrances expressly permitted by the other Loan Documents. Debtor will not permit any dispute, right of setoff, counterclaim or defense to exist with respect to all or any part of the Collateral. Debtor will cause any financing statement or other security instrument with respect to the Collateral to be terminated, except as may exist or as may have been filed in favor of Secured Party. Debtor will defend at its expense Secured Party's right, title and security interest in and to the Collateral against the claims of any third party.

Appears in 1 contract

Samples: Security Agreement (San Juan Partners LLC)

Ownership and Liens. Debtor will maintain good and marketable title to all Collateral free and clear of all liens, security interestsLiens, encumbrances or adverse claims, except for the security interest created by this Agreement and the security interests and other encumbrances expressly permitted by the other Loan DocumentsCredit Agreement. Debtor will not permit any dispute, right of setoff, counterclaim or defense to exist with respect to all or any part of the Collateral. Debtor will cause to be terminated any financing statement or other security instrument registration with respect to the Collateral to be terminatedCollateral, except such as may exist or as may have been filed in favor of Secured Party. Debtor will defend at its expense Secured Party's right, title and special property and security interest in and to the Collateral against the claims of any third partyPerson.

Appears in 1 contract

Samples: Credit Agreement (E-Dentist Com Inc)

Ownership and Liens. The Debtor will maintain good and marketable title to all Collateral Collateral, free and clear of all liens, security interests, encumbrances or and adverse claims, except for the security interest created by this Agreement and the security interests and other encumbrances expressly permitted by the other Loan DocumentsPermitted Liens. The Debtor will not permit any dispute, right of setoffset-off, counterclaim or defense to exist with respect to all or any part of the Collateral. The Debtor will cause to be terminated any financing statement or other security instrument with respect to the Collateral to be terminatedCollateral, except such as may exist or as may have been filed in favor of the Secured Party. The Debtor will defend at its expense the Secured Party's ’s right, title title, and security interest in and to the Collateral against the claims of any third partyPerson.

Appears in 1 contract

Samples: Security Agreement (Onstream Media CORP)

Ownership and Liens. Debtor will maintain good and marketable ------------------- title to all Collateral free and clear of all liens, security interests, encumbrances or adverse claims, except for the security interest created by this Agreement and the security interests and other encumbrances expressly permitted by the other Loan DocumentsAgreement. Debtor will not permit any dispute, right of setoff, counterclaim or defense to exist with respect to all or any part of the Collateral. Debtor will cause to be terminated any financing statement or other security instrument with respect to the Collateral to be terminatedCollateral, except such as may exist or as may have been filed in favor of Secured Party. Debtor will defend at its expense Secured Party's right, title and special property and security interest in and to the Collateral against the claims of any third partyPerson.

Appears in 1 contract

Samples: Security Agreement (HCS Ii Inc)

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Ownership and Liens. Debtor will maintain good and marketable ------------------- title to all Collateral free and clear of all liens, security interests, encumbrances or adverse claims, except for the security interest created by this Agreement and the security interests and other encumbrances expressly permitted by the other Loan Documents. Debtor will not permit any dispute, right of setoff, counterclaim or defense to exist with respect to all or any part of the Collateral. Debtor will cause any financing statement or other security instrument with respect to the Collateral to be terminated, except as may exist or as may have been filed in favor of Secured Party. Debtor will defend at its expense Secured Party's right, title and security interest in and to the Collateral against the claims of any third party.

Appears in 1 contract

Samples: Credit Agreement (Data Return Corp)

Ownership and Liens. Debtor will maintain good and marketable title to all Collateral free and clear of all liens, security interestsLiens, encumbrances or adverse claims, except for the security interest created by this Agreement and the security interests and other encumbrances expressly permitted by the other Loan DocumentsLandlord's Liens. Debtor will not permit any dispute, right of setoffset-off, counterclaim or defense to exist with respect to all or any part of the CollateralCollateral except those arising with respect to Landlord's Liens. Debtor will cause to be terminated any financing statement or other security instrument registration with respect to the Collateral to be terminatedCollateral, except such as may exist or as may have been filed in favor of Secured Party. Debtor will defend at its expense Secured Party's right, title and special property and security interest in and to the Collateral against the claims of any third partyPerson.

Appears in 1 contract

Samples: Custodial Agreement (Cypress Semiconductor Corp /De/)

Ownership and Liens. Debtor Borrower will maintain good and marketable title to all Collateral free and clear of all liens, security interests, encumbrances or adverse claims, except for the security interest created by this Agreement and the security interests and other encumbrances expressly permitted by the other Loan Documents. Debtor Borrower will not permit any dispute, right of setoff, counterclaim or defense to exist with respect to all or any part of the Collateral. Debtor Borrower will cause any financing statement or other security instrument with respect to the Collateral to be terminated, except as may exist or as may have been filed in favor of Secured Party. Debtor Borrower will defend at its expense Secured Party's right, title and security interest in and to the Collateral against the claims of any third party.

Appears in 1 contract

Samples: Security Agreement (Canmax Inc /Wy/)

Ownership and Liens. Debtor will maintain good and marketable indefeasible title to all Collateral free and clear of all liens, security interests, encumbrances or adverse claims, except for the security interest created by this Agreement and the security interests and other encumbrances expressly permitted by the other Loan Documents. Debtor will not permit any dispute, right of setoff, counterclaim or defense to exist with respect to all or any part of the Collateral. Debtor will cause any financing statement or other security instrument with respect to the Collateral to be terminated, except as may exist or as may have been filed in favor of Secured Party. Debtor will defend at its expense Secured Party's right, title and security interest in and to the Collateral against the claims of any third party.

Appears in 1 contract

Samples: Security Agreement (Ascendant Solutions Inc)

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