Warranties and Covenants of Debtor. Debtor warrants and covenants that:
Warranties and Covenants of Debtor. Debtor warrants, covenants and agrees that:
Warranties and Covenants of Debtor. Debtor expressly warrants and covenants and agrees that: (a) Debtor is and will continue to be the owner of the Collateral free from any lien, security interest or encumbrance, other than that created by this Security Agreement or in pari passu to this Security Agreement; Debtor will defend the Collateral against all claims and demands of all other persons at any time claiming the same or any interest therein who are not pari passu to the Secured Party; and Debtor will not sell the Collateral (except in the ordinary course of business) without the prior written consent of the Secured Party; (b) Debtor will pay the Indebtedness to Secured Party as the same becomes due and payable; (c) Debtor will pay as they become due all taxes or other liens or claims which may become a charge against the Collateral; (d) Debtor will maintain the Collateral in good condition and repair, and Secured Party may examine and inspect the
Warranties and Covenants of Debtor. Debtor represents and warrants to, and covenants with Secured Party as follows:
Warranties and Covenants of Debtor. Debtor expressly warrants and covenants that as of the date of this Agreement and continuously until the Obligations shall have been fully paid and performed:
Warranties and Covenants of Debtor. DEBTOR HEREBY REPRESENTS, WARRANTS AND COVENANTS THAT:
Warranties and Covenants of Debtor. Debtor expressly warrants and covenants and agrees that: (a) Debtor is and will continue to be the owner of the Collateral free from any lien, security interest or encumbrance, other than that as created by this Security Agreement or in pari passu to this Security Agreement; Debtor will defend the Collateral against all claims and demands of all other persons at any time claiming the same or any interest therein who are not pari passu to the Secured Party; and Debtor will not sell the Collateral (except in the ordinary course of business) without the prior written consent of the Secured Party; (b) Debtor will pay the Indebtedness to Secured Party as the same becomes due and payable; (c) Debtor will pay as they become due all taxes or other liens or claims which may become a charge against the Collateral; (d) Debtor will reasonably maintain the Collateral; (e ) Debtor will indemnify and hold the Secured Party harmless from any and all loss, damage, injury or other casualty to persons or property caused or occasioned by the maintenance, operation and use of the Collateral by Debtor, its agents, invitees or employees;( f ) Debtor will supply Secured Party with a current list specifying the Collateral at the request of Secured Party; ( g ) With respect to any Collateral to be purchased with monies advanced by Secured Party to Debtor, this Security Agreement creates a purchase money security interest; ( h ) Debtor will execute and deliver such other and further instruments and will do such other and further act as in the opinion of the Secured Party may be necessary or desirable to carry out more effectually the purposes of this instrument, including, without limiting the generality of the foregoing: 1) prompt correction of any defect which may hereafter be discovered in the title to the Collateral or in the execution and acknowledgment of this instrument, the Note, or any other document used in connection herewith; and 2) prompt execution and delivery of all other documents or instruments which in the opinion of the Secured Party are needed to transfer effectually the Collateral or the proceeds or the Collateral to the Secured Party. ( i ) Debtor is duly organized and validly existing under the laws of the State of Delaware and the execution of this Agreement has been authorized and approved by all parties necessary to authorize the same. Debtor has full power and authority to carry on its business as now being conducted with full power and authority to enter ...
Warranties and Covenants of Debtor. Debtor warrants and covenants that: No other creditor has a security interest in the Collateral except the following: _____________________________________________________________________________. Debtor is the owner of the Collateral free from any adverse lien or encumbrance except this lien and the others described in this Security Agreement. Debtor will defend the Collateral against all claims of other persons. Xxxxxx will immediately notify the Secured Party in writing of any change in name or address. Debtor will do all such things as Secured Party at any time or from time to time may reasonably request to establish and maintain a perfected security interest in the Collateral. Debtor will pay the cost of filing this agreement in all public offices where recording is deemed by Secured Party to be necessary or desirable. A photographic or other reproduction of this agreement is sufficient as a financing statement. Debtor will not transfer or encumber the Collateral without the prior written consent of Secured Party. Debtor will keep the Collateral insured against risk of loss or damage upon such terms as Secured Party may reasonably require. Debtor will keep the Collateral free from any adverse lien and in good repair, will not waste or destroy the Collateral, and will not use the Collateral in violation of any law or policy of insurance. Secured Party may examine and inspect the Collateral at any reasonable time. Debtor will pay promptly when due all taxes and assessments upon the Collateral or for its use or operation or upon this Agreement or upon any note evidencing the Obligations.
Warranties and Covenants of Debtor
