Common use of Title to Mortgaged Property and Lien of this Instrument Clause in Contracts

Title to Mortgaged Property and Lien of this Instrument. Mortgagor has (i) good, sufficient and legal title to (in the case of fee interests in real property comprising the Mortgaged Property), (ii) valid leasehold interests in (in the case of leasehold interests in real or personal property comprising the Mortgaged Property), and (iii) good and marketable title to (in the case of all other personal property comprising the Mortgaged Property), the Mortgaged Property free and clear of any Liens, claims or interests, except the Permitted Encumbrances. Mortgagor has and will continue to have full power and lawful authority to grant, release, convey, assign, transfer, mortgage, pledge, hypothecate and otherwise create the Liens on the Mortgaged Property as provided herein. The Mortgaged Property is accurately, completely, adequately and sufficiently described herein and in Exhibits A and B as required by applicable laws for this Mortgage to create a Lien on all of the Mortgaged Property.

Appears in 2 contracts

Samples: Security Agreement (Isle of Capri Casinos Inc), Credit Agreement (Isle of Capri Casinos Inc)

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Title to Mortgaged Property and Lien of this Instrument. Mortgagor Grantor has (i) good, sufficient and legal title to (in the case of fee interests in real property comprising the Mortgaged Property), ) and (ii) valid leasehold interests in (in the case of leasehold interests in real or personal property comprising the Mortgaged Property), and (iii) good and marketable title to (in the case of all other personal property comprising the Mortgaged Property), ) the Mortgaged Property free and clear of any all Liens, claims or and interests, except Liens permitted by Section 7.01(a), (b) or (f) of the Credit Agreement and Section 10.5 of the Note Agreement ("Permitted EncumbrancesLiens"). Mortgagor Grantor has and will continue to have full power and lawful authority to grant, release, convey, assign, transfer, mortgage, pledge, hypothecate and otherwise create the Liens on the Mortgaged Property as provided herein. The Mortgaged Property is accurately, completely, adequately and sufficiently described herein and in Exhibits Exhibit A and B as required by applicable laws for this Mortgage Deed of Trust to create a Lien deed of trust lien on (and security interest against) all of the Mortgaged Property.

Appears in 1 contract

Samples: Teletech Holdings Inc

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Title to Mortgaged Property and Lien of this Instrument. Mortgagor Grantor has (i) good, sufficient and legal title to (in the case of fee interests in real property comprising the Mortgaged Property), ) and (ii) valid leasehold interests in (in the case of leasehold interests in real or personal property comprising the Mortgaged Property), and (iii) good and marketable title to (in the case of all other personal property comprising the Mortgaged Property), ) the Mortgaged Property free and clear of any all Liens, claims or and interests, except Liens permitted by Section 7.01 (a), (b) or (f) of the Credit Agreement and Section 10.5 of the Note Agreement (“Permitted EncumbrancesLiens”). Mortgagor Grantor has and will continue to have full power and lawful authority to grant, release, convey, assign, transfer, mortgage, pledge, hypothecate and otherwise create the Liens on the Mortgaged Property as provided herein. The Mortgaged Property is accurately, completely, adequately and sufficiently described herein and in Exhibits Exhibit A and B as required by applicable laws for this Mortgage Deed of Trust to create a Lien deed of trust lien on (and security interest against) all of the Mortgaged Property.

Appears in 1 contract

Samples: Deed of Trust, Security Agreement (Teletech Holdings Inc)

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