Common use of No Encumbrances Clause in Contracts

No Encumbrances. Borrower has good and indefeasible title to the Collateral, free and clear of Liens except for Permitted Liens.

Appears in 62 contracts

Samples: Security Agreement (GPS Industries, Inc.), Loan and Security Agreement (En Pointe Technologies Inc), Loan and Security Agreement (Employee Solutions Inc)

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No Encumbrances. Each Borrower has good and indefeasible title to the its Collateral, free and clear of Liens except for Permitted Liens.

Appears in 17 contracts

Samples: Loan and Security Agreement (Synalloy Corp), Loan and Security Agreement (Leslies Poolmart Inc), Loan and Security Agreement (P Com Inc)

No Encumbrances. Borrower has good and indefeasible title to the Collateralits assets, free and clear of Liens except for Permitted Liens.

Appears in 3 contracts

Samples: Loan and Security Agreement (Hercules Capital, Inc.), Loan and Security Agreement (Hercules Capital, Inc.), Loan and Security Agreement (Hercules Capital, Inc.)

No Encumbrances. Each Borrower has good and indefeasible title to the Collateral, Collateral free and clear of Liens except for Permitted Liens.

Appears in 2 contracts

Samples: Loan and Security Agreement (Big Dog Holdings Inc), And Consolidated Loan and Security Agreement (Big Dog Holdings Inc)

No Encumbrances. Borrower has good and indefeasible title to its --------------- Collateral and the CollateralReal Property, free and clear of Liens except for Permitted Liens.

Appears in 2 contracts

Samples: Loan and Security Agreement (Microstrategy Inc), Loan and Security Agreement (Microstrategy Inc)

No Encumbrances. Borrower has good and indefeasible title to the its Collateral, free and clear of Liens except for Permitted Liens.

Appears in 2 contracts

Samples: Loan and Security Agreement (3 D Systems Corp), Loan and Security Agreement (Starcraft Corp /In/)

No Encumbrances. Borrower has good and indefeasible marketable title to the Collateral, free and clear of Liens except for Permitted Liens.

Appears in 2 contracts

Samples: Loan and Security Agreement (Unified Grocers, Inc.), Loan and Security Agreement (Unified Grocers, Inc.)

No Encumbrances. Borrower has good good, valid and indefeasible title Defensible Title to the Collateral, free and clear of all Liens (except for Permitted Liens.), including but not limited to:

Appears in 1 contract

Samples: Loan and Security Agreement (Petsec Energy Inc)

No Encumbrances. Borrower has good and indefeasible title to the Collateral, free and clear of Liens except for Permitted Liens and Agent's Liens on the Telephones are prior to all liens except for Senior Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Phonetel Technologies Inc)

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No Encumbrances. Borrower has good and indefeasible title to the Collateral, free and clear of Liens Liens, except for Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Systemsoft Corp)

No Encumbrances. Borrower Borrower, as debtor and debtor in possession, has good and indefeasible title to the Collateral, free and clear of Liens except for Permitted Liens.

Appears in 1 contract

Samples: Credit and Security Agreement (Ugly Duckling Corp)

No Encumbrances. The Borrower has good and indefeasible title to the Collateral, --------------- Collateral free and clear of Liens except for Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (System Software Associates Inc)

No Encumbrances. Borrower has good and indefeasible title to the Collateral, free and clear of Liens except for Permitted Liens and prior to all liens except for Senior Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Phonetel Technologies Inc)

No Encumbrances. Borrower has good and indefeasible title to the Collateral, Collateral free and clear of Liens except for Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Big Dog Holdings Inc)

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