Common use of Title to Collateral; Perfected Security Interest Clause in Contracts

Title to Collateral; Perfected Security Interest. The Pledgor has good and marketable title to the Pledged Items, free of all Liens (other than the Lien created by this Collateral Agreement) and Transfer Restrictions. Upon delivery of the Pledged Items described in paragraphs (b) and (c) of Section 1 to the Collateral Agent hereunder, the Collateral Agent will obtain a valid, first priority perfected security interest in, and a first lien upon, such Pledged Items subject to no other Lien. None of the Collateral is or shall be pledged by the Pledgor as collateral for any other purpose.

Appears in 6 contracts

Samples: Collateral Agreement (Automatic Common Exchange Security Trust Ii), Collateral Agreement (Decs Trust), Collateral Agreement (Fourth Automatic Common Exchange Security Trust)

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Title to Collateral; Perfected Security Interest. The Pledgor has good and marketable title to the Pledged Items, free of all Liens (other than the Lien created by this Collateral Agreement) and Transfer Restrictions. Upon delivery of the Pledged Items described in paragraphs (b) and (c) of Section 1 Collateral to the Collateral Agent hereunder, the Collateral Agent will obtain a valid, first priority perfected security interest in, and a first lien upon, such Pledged Items Collateral subject to no other Lien. None ; none of the such Collateral is or shall be pledged by the Pledgor as collateral for any other purpose.

Appears in 2 contracts

Samples: Collateral Agreement (Amway Japan LTD), Collateral Agreement (Second Automatic Common Exchange Security Trust)

Title to Collateral; Perfected Security Interest. The At the First Time of Delivery, Pledgor has will have good and marketable title to the Pledged Items, free of all Liens (other than the Lien created by this Collateral Agreement) and Transfer Restrictions. Upon delivery of the Pledged Items described in paragraphs (bpursuant to Sections 2.1(b) and (c) of Section 1 to the Collateral Agent hereunder), the Collateral Agent will obtain a valid, first priority perfected security interest in, and a first lien upon, such Pledged Items subject to no other Lien. None of the Collateral is or shall be pledged by the Pledgor as collateral for any other purpose.

Appears in 2 contracts

Samples: Collateral Agreement (Murdock David H), Collateral Agreement (Eleventh Automatic Common Exchange Security Trust)

Title to Collateral; Perfected Security Interest. The Pledgor has good and marketable title to the Pledged Items, free of all Liens (other than the Lien created by this Collateral Agreement) and Transfer RestrictionsRestrictions (except for any restrictions as contemplated in Section 3(e) hereof). Upon delivery of the Pledged Items described in paragraphs paragraph (b), (c) and (cd) of Section 1 to the Collateral Agent hereunder, the Collateral Agent will obtain a valid, first priority perfected security interest in, and a first lien upon, such Pledged Items subject to no other Lien. None of the Collateral is or shall be pledged by the Pledgor as collateral for any other purpose.

Appears in 2 contracts

Samples: Collateral Agreement (Equity Securities Trust Ii), Collateral Agreement (Equity Securities Trust I)

Title to Collateral; Perfected Security Interest. The Pledgor has good and marketable title to the Pledged ItemsSubstituted Collateral, free of all Liens (other than the Lien created by this the Collateral Agreement) and Transfer Restrictions). Upon delivery of the Pledged Items described in paragraphs (b) and (c) of Section 1 Collateral to the Collateral Agent hereunderAgent, the Collateral Agent will obtain have obtained a valid, first priority perfected security interest in, and a first lien upon, such Pledged Items Substituted Collateral subject to no other Lien, as to which the Collateral Agent shall have Control over all applicable Investment Property. None of the such Substituted Collateral is or shall be pledged by the Pledgor as collateral for any other purpose.

Appears in 2 contracts

Samples: Collateral Agreement (Retail Ventures Inc), Collateral Agreement (Retail Ventures Inc)

Title to Collateral; Perfected Security Interest. The Pledgor has good and marketable title to the Pledged Items, free of all Liens (other than the Lien created by this Collateral Agreement) and Transfer RestrictionsRestrictions (except for any restrictions as contemplated in Section 3(e) hereof). Upon delivery or transfer of the Pledged Items as described in paragraphs paragraph (b) and (c) of Section 1 to the Collateral Agent hereunder, the Collateral Agent will obtain a validvalid and, to the extent that perfection can be obtained under the UCC, first priority perfected security interest in, and a first lien upon, in such Pledged Items subject to no other Lien. None of the Collateral is or shall be pledged by the Pledgor as collateral for any other purpose.

Appears in 1 contract

Samples: Collateral Agreement (At&t Corp)

Title to Collateral; Perfected Security Interest. The Pledgor has good and marketable title to the Pledged Items, free of all Liens (other than the Lien created by this Collateral Agreement) and Transfer Restrictions. Upon delivery of the Pledged Items described in paragraphs (b) and (c) of Section 1 Collateral to the Collateral Agent hereunder, the Collateral Agent will obtain a valid, first priority perfected security interest in, and a first lien upon, such Pledged Items Collateral subject to no other Lien. None ; none of the such Collateral is or shall be pledged by the Pledgor as collateral for any other purpose.. 7

Appears in 1 contract

Samples: Collateral Agreement (Mandatory Common Exchange Trust)

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Title to Collateral; Perfected Security Interest. The Pledgor has good and marketable title to the Pledged ItemsCollateral, free of all Liens (other than the Lien created by this Collateral Agreement) and Transfer RestrictionsRestrictions (other than the Transfer Restrictions created by this Collateral Agreement). Upon delivery of the Pledged Items described in paragraphs (b) and (c) of Section 1 Collateral to the Collateral Agent hereunderhereunder for the benefit of the Purchaser, the Collateral Agent Purchaser will obtain a valid, first priority perfected security interest in, and a first lien upon, such Pledged Items Collateral subject to no other Lien. None of the Collateral is or shall be pledged by the Pledgor as collateral for any other purpose.

Appears in 1 contract

Samples: Collateral Agreement (STT Communications LTD)

Title to Collateral; Perfected Security Interest. The Pledgor has good and marketable title to the Pledged Items, free of all Liens (other than the Lien created by this Collateral Agreement) and Transfer RestrictionsRestrictions (except for any legend as provided in Section 3(e) hereof). Upon delivery of the Pledged Items described in paragraphs (b) and (c) of Section 1 to the Collateral Agent hereunder, the Collateral Agent will obtain a valid, first priority perfected security interest in, and a first lien upon, such Pledged Items subject to no other Lien. None of the Collateral is or shall be pledged by the Pledgor as collateral for any other purpose.

Appears in 1 contract

Samples: Collateral Agreement (Decs Trust Iii)

Title to Collateral; Perfected Security Interest. The At the First Time of Delivery, Pledgor has will have good and marketable title to the Pledged Items, free of all Liens (other than the Lien created by this Collateral Agreement) and Transfer Restrictions. Upon delivery of the Pledged Pledged. Items described in paragraphs (bpursuant to Sections 2.1(b) and (c) of Section 1 to the Collateral Agent hereunder), the Collateral Agent will obtain a valid, first priority perfected security interest in, and a first lien upon, such Pledged Items subject to no other Lien. None of the Collateral is or shall be pledged by the Pledgor as collateral for any other purpose.

Appears in 1 contract

Samples: Collateral Agreement (2009 Dole Food Automatic Common Exchange Security Trust)

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