Common use of Title to, Liens on, and Sale and Use of Collateral Clause in Contracts

Title to, Liens on, and Sale and Use of Collateral. Each Grantor represents and warrants to the Agent and the other Secured Parties and agrees with the Agent and the other Secured Parties that such Grantor has rights in and the power to transfer all of the Collateral free and clear of all Liens whatsoever, except for Permitted Liens.

Appears in 8 contracts

Samples: Canadian Security Agreement (United Rentals North America Inc), Security Agreement (United Rentals North America Inc), Canadian Security Agreement (United Rentals North America Inc)

AutoNDA by SimpleDocs

Title to, Liens on, and Sale and Use of Collateral. Each Grantor represents and warrants to the Agent and the other Secured Parties and agrees with the Agent and the other Secured Parties that that: (a) such Grantor has rights in and the power to transfer all of the Collateral free and clear of all Liens whatsoever, except for Permitted Liens; and (b) such Grantor will use, store, and maintain the Collateral with reasonable care and will use the Collateral for lawful purposes only.

Appears in 2 contracts

Samples: Canadian Security Agreement (United Rentals Inc /De), Security Agreement (United Rentals Inc /De)

Title to, Liens on, and Sale and Use of Collateral. Each Grantor represents and warrants to the Collateral Agent and the other Secured Parties and agrees with the Collateral Agent and the other Secured Parties that such Grantor has rights in and the power to transfer all of the Collateral free and clear of all Liens whatsoever, except for Permitted LiensLiens (including the prior security interest granted to the First Lien Secured Parties as provided in the Intercreditor Agreement).

Appears in 1 contract

Samples: Security Agreement (United Rentals North America Inc)

AutoNDA by SimpleDocs

Title to, Liens on, and Sale and Use of Collateral. Each Grantor represents and warrants to the Collateral Agent and the other Secured Parties and agrees with the Collateral Agent and the other Secured Parties that such Grantor has rights in and the power to transfer all of the Collateral free and clear of all Liens whatsoever, except for Permitted LiensLiens (including the prior security interest granted to the First Lien Secured Parties as provided in any Applicable Intercreditor Agreement).

Appears in 1 contract

Samples: Security Agreement (United Rentals North America Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.