Common use of Ownership of Collateral and Absence of Other Liens Clause in Contracts

Ownership of Collateral and Absence of Other Liens. (a) (x) it owns the Collateral purported to be owned by it or otherwise has the rights it purports to have in each item of Collateral and, as to all Collateral whether now existing or hereafter acquired, developed or created (including by way of lease or license), will continue to own or have such rights in each item of the Collateral except where failure to do so would not reasonably be expected to result in a Material Adverse Effect, and (y) the Collateral is free and clear of any and all Liens other than any Permitted Liens; and

Ownership of Collateral and Absence of Other Liens. (a) (x) it owns the Collateral purported to be owned by it or otherwise has the rights it purports to have in each item of Collateral and, as to all Collateral whether now existing or hereafter acquired, developed or created acquired (including by way of lease or license), will continue to own or have such rights in each item of the Collateral (except where failure to do so would not reasonably be expected to result as otherwise permitted by the Junior Lien Documents), in a Material Adverse Effect, and (y) the Collateral is each case free and clear of any and all Liens Liens, rights or claims of all other Persons, other than (i) any Permitted LiensLiens and (ii) the Lien granted to the Collateral Trustee pursuant to this Agreement; and

Ownership of Collateral and Absence of Other Liens. (a) (x) it owns the Collateral purported to be owned by it or otherwise has the rights it purports to have in each item of Collateral andCollateral, as to all Collateral whether now existing or hereafter acquired, developed or created (including by way of lease or license), will continue to own or have such rights in each item of the Collateral except where failure to do so would not reasonably be expected to result in a Material Adverse Effect, and (y) the Collateral is case free and clear of any and all Liens of all other Persons, including, without limitation, liens arising as a result of such Grantor becoming bound (as a result of merger or otherwise) as debtor under a security agreement entered into by another Person other than any Permitted Liens; and

Ownership of Collateral and Absence of Other Liens. (a) (x) it It owns the Collateral purported to be owned by it or otherwise has the rights it purports to have in each item of Collateral andCollateral, as to all Collateral whether now existing or hereafter acquired, developed or created (including by way of lease or license), will continue to own or have such rights in each item of the Collateral except where failure to do so would not reasonably be expected to result in a Material Adverse Effect, and (y) the Collateral is case free and clear of any and all Liens Liens, rights or claims of all other Persons, including, without limitation, liens arising as a result of a Grantor becoming bound (as a result of merger or otherwise) as debtor under a security agreement entered into by another Person, other than any Permitted Liens; and

Ownership of Collateral and Absence of Other Liens. (a) (x) it owns the Collateral purported to be owned by it or otherwise has the rights it purports to have in each item of Collateral and, as to all Collateral whether now existing or hereafter acquired, developed or created acquired (including by way of lease or license), will continue to own or have such rights in each item of the Collateral (except where failure to do so would not reasonably be expected to result as otherwise permitted by the Priority Lien Documents), in a Material Adverse Effect, and (y) the Collateral is each case free and clear of any and all Liens Liens, rights or claims of all other Persons, other than (i) any Permitted LiensLiens and (ii) the Lien granted to the Collateral Trustee pursuant to this Agreement; and

Ownership of Collateral and Absence of Other Liens. (a) (x) it It owns the Collateral purported to be owned by it or otherwise has the rights it purports to have in each item of Collateral and, as to all Collateral whether now existing or hereafter acquired, developed or created (including by way of lease or license), will continue to own or have such rights in each item of the Collateral except where failure to do so would not reasonably be expected to result in a Material Adverse Effect, and (y) the Collateral is free and clear of any and all Liens, rights or claims of all other Persons, including Liens arising as a result of the Borrower becoming bound (as a result of merger or otherwise) as debtor under a security agreement entered into by another Person other than than, any Permitted Liens; and

Ownership of Collateral and Absence of Other Liens. (a) (x) it owns the Collateral purported to be owned by it or otherwise has the rights it purports to have in each item of Collateral and, as to all Collateral whether now existing or hereafter acquired, developed or created acquired (including by way of lease or license), will continue to own or have such rights in each item of the Collateral (except where failure to do so would not reasonably be expected to result as otherwise permitted by the Credit Agreement), in a Material Adverse Effect, and (y) the Collateral is each case free and clear of any and all Liens Liens, rights or claims of all other than any Persons, except for Permitted Liens; and