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 (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 V)

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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 {(other than the Transfer Restriction created by the Stock Control Agreement) )} and Transfer Restrictions (except for any legend as provided in Section 3(e) hereof)Restrictions. Upon delivery of the Pledged Items described in paragraphs paragraph{s} (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 Ii)

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 (except for any legend restrictions as provided contemplated in Section 3(e) hereof). Upon delivery or transfer 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 validvalid and, to the extent perfection can be obtained under the UCC, 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 (At&t Corp)

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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 [(except for any legend other than as provided described in Section 3(e) hereof3(a))]. 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 (Estee Lauder Automatic Common Exchange Security Trust)

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