Common use of Title; Liens Clause in Contracts

Title; Liens. Except for items described in Schedule 5.1 and for Permitted Liens, all of the properties and assets of Borrower are free and clear of all Liens, and Borrower has good and marketable title to such properties and assets. Each Lien granted, or intended to be granted, to Lender pursuant to the Loan Documents is a valid, enforceable, perfected, first priority Lien and security interest.

Appears in 2 contracts

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

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Title; Liens. Except for items described in Schedule 5.1 5.1(g) and for Permitted Liens, all of the properties and assets of each Borrower are free and clear of all Liens, and such Borrower has good and marketable title to such properties and assets. Each Lien granted, or intended to be granted, to Lender pursuant to the Loan Documents is a valid, enforceable, perfected, first priority Lien and security interest.

Appears in 1 contract

Samples: Loan and Security Agreement (Mendocino Brewing Co Inc)

Title; Liens. Except for items described in Schedule 5.1 and for Permitted Liens, all of the owned properties and assets of Borrower are free and clear of all Liens, and Borrower has good and marketable title to such properties and assets. Each Lien granted, or intended to be granted, to Lender pursuant to the Loan Documents is a valid, enforceable, perfected, first priority Lien and security interest.

Appears in 1 contract

Samples: Loan and Security Agreement (ScripsAmerica, Inc.)

Title; Liens. Except for items described in Schedule 5.1 5.1(g) and for Permitted Liens, all of the properties and assets of Borrower are free and clear of all Liens, and Borrower has good and marketable title to such properties and assets. Each Except as disclosed on Schedule 5.1(g), each Lien granted, or intended to be granted, to Lender pursuant to the Loan Documents is a valid, enforceable, perfected, first priority Lien and security interest.

Appears in 1 contract

Samples: Loan and Security Agreement (Dallas Gold & Silver Exchange Inc /Nv/)

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Title; Liens. Except for items described in Schedule 5.1 SCHEDULE 5.1(g) and for Permitted Liens, all of the properties and assets of Borrower and EDI are free and clear of all Liens, and Borrower has good and marketable title to such properties and assets. Each Lien granted, or intended to be granted, to Lender pursuant to the Loan Documents is a valid, enforceable, perfected, first priority Lien and security interest.

Appears in 1 contract

Samples: Loan and Security Agreement (White Electronic Designs Corp)

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