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. The Grantor represents and warrants to the Agent and the Lenders and agrees with the Agent and the Lenders that: (a) Grantor has rights in and the power to transfer all of the Collateral free and clear of all Liens whatsoever, except for Permitted Liens; (b) the Agent’s Liens in the Collateral will not be subject to any prior Lien except for those Liens identified in clauses (c), (d), (e), (g), (h) and (k) of the definition of Permitted Liens; and (c) the Grantor will use, store, and maintain the Collateral with all reasonable care and will use such Collateral for lawful purposes only.

Appears in 3 contracts

Samples: Security Agreement, Security Agreement (Spansion Inc.), Security Agreement (Advanced Micro Devices Inc)

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Title to, Liens on, and Sale and Use of Collateral. The Each Grantor represents and warrants to the Agent and the Lenders and agrees with the Agent and the Lenders that: (a) except as expressly permitted by the Credit Agreement, such Grantor has rights owns its interests in and the power to transfer all of the Collateral free and clear of all Liens whatsoever, except for Permitted Liensany Lien; (b) the Agent’s Liens in the Collateral will not be subject to any prior Lien except for those Liens identified in clauses (c), (d), (e), (g), (h) and (ke) of the definition of Permitted Liens; and (c) the such Grantor will use, store, and maintain the Collateral with all reasonable care and will use such Collateral for lawful purposes only.

Appears in 1 contract

Samples: Pledge and Security Agreement (Levi Strauss & Co)

Title to, Liens on, and Sale and Use of Collateral. The Each Grantor represents and warrants to the Agent and the Lenders and agrees with the Agent and the Lenders 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; (b) the Agent’s 's Liens in the Collateral will not be subject to any prior Lien except for those Liens identified in clauses (c), (d), (e), (g), (h) and (ke) of the definition of Permitted Liens; and (c) the such Grantor will use, store, and maintain the Collateral with all reasonable care and will use such Collateral for lawful purposes only.

Appears in 1 contract

Samples: Security Agreement (Unifi Inc)

Title to, Liens on, and Sale and Use of Collateral. The Each Grantor represents and warrants to the Administrative Agent and the Lenders and agrees with the Administrative Agent and the Lenders 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; (b) the Administrative Agent’s 's Liens in the Collateral will not be subject to any prior Lien except for those Liens identified in clauses (c), (d), (e), (g), (h) and (ke) of the definition of Permitted Liens; and (c) the such Grantor will use, store, and maintain the Collateral with all reasonable care and will use such Collateral for lawful purposes only.

Appears in 1 contract

Samples: Security Agreement (Westpoint Stevens Inc)

Title to, Liens on, and Sale and Use of Collateral. The Each Grantor represents and warrants to the Agent and the Lenders and agrees with the Agent and the Lenders 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 LiensLiens permitted under Section 7.13 of the Credit Agreement; (b) the Agent’s Liens in the Collateral will not be subject to any prior Lien except for those Liens identified in clauses (c), (d), (e), (g), (h) and (ke) of the definition of Permitted Liens; and (c) the such Grantor will use, store, and maintain the Collateral with all reasonable care and will use such Collateral for lawful purposes only.

Appears in 1 contract

Samples: Pledge and Security Agreement (Levi Strauss & Co)

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Title to, Liens on, and Sale and Use of Collateral. The Each Grantor represents and warrants to the Agent and the Lenders and agrees with the Agent and the Lenders 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 LiensLiens permitted under SECTION 7.16 of the Credit Agreement; (b) the Agent’s 's Liens in the Collateral will not be subject to any prior Lien except for those Liens identified in clauses CLAUSES (cC), (d), (e), (g), (hD) and (kE) of the definition of Permitted Liens; and (c) the such Grantor will use, store, and maintain the Collateral with all reasonable care and will use such Collateral for lawful purposes only.

Appears in 1 contract

Samples: Pledge and Security Agreement (Levi Strauss & Co)

Title to, Liens on, and Sale and Use of Collateral. The Each Grantor represents and warrants to the Agent and the Lenders and agrees with the Agent and the Lenders 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; (b) the Agent’s 's Liens in the Collateral will not be subject to any prior Lien except for those Liens identified in clauses clause (c), (d), (e), (g), (h) and (kb) of the definition of Permitted LiensLiens (as set forth in the Credit Agreement); and (c) the such Grantor will use, store, and maintain the Collateral with all reasonable care and will use such Collateral for lawful purposes only.

Appears in 1 contract

Samples: Security Agreement (Lakes Entertainment Inc)

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