Common use of No Encumbrances Clause in Contracts

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

Appears in 15 contracts

Samples: Term Loan and Security Agreement (Cellstar Corp), Loan and Security Agreement (Metalico Inc), Loan and Security Agreement (Mercator Software Inc)

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

Appears in 12 contracts

Samples: Loan and Security Agreement (BGF Industries Inc), Loan and Security Agreement (I Link Inc), Loan and Security Agreement (Special Devices Inc /De)

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

Appears in 9 contracts

Samples: Loan and Security Agreement (Guitar Center Inc), Loan and Security Agreement (Guitar Center Inc), Loan and Security Agreement (Childrens Place Retail Stores Inc)

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

Appears in 3 contracts

Samples: Loan and Security Agreement (Silicon Graphics Inc /Ca/), Loan and Security Agreement (Silicon Graphics Inc /Ca/), Loan and Security Agreement (LSB Industries Inc)

No Encumbrances. Each Borrower has good and indefeasible title to its Collateral and the Real Property, and as of the Activation Date, all Collateral shall be free and clear of Liens except for Permitted Liens.

Appears in 2 contracts

Samples: Loan and Security Agreement (Hudson Highland Group Inc), Loan and Security Agreement (Hudson Highland Group Inc)

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

Appears in 2 contracts

Samples: Loan and Security Agreement (Peninsula Gaming Corp), Loan and Security Agreement (Old Evangeline Downs LLC)

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

Appears in 2 contracts

Samples: Loan and Security Agreement (Old Evangeline Downs Capital Corp), Loan and Security Agreement (Peninsula Gaming Corp)

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

Appears in 2 contracts

Samples: Loan and Security Agreement (Right Start Inc /Ca), Loan and Security Agreement (Fao Inc)

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

Appears in 2 contracts

Samples: Loan and Security Agreement (SCB Computer Technology Inc), Loan Agreement (Philip Services Corp/De)

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

Appears in 2 contracts

Samples: Loan and Security Agreement (World Airways Inc /De/), Loan and Security Agreement (SPSS Inc)

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

Appears in 1 contract

Samples: Loan and Security Agreement (FFP Marketing Co Inc)

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

Appears in 1 contract

Samples: Loan Agreement (Ess Technology Inc)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Effective Management Systems Inc)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Global Sports Inc)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Hypercom Corp)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Ventiv Health Inc)

No Encumbrances. Each Borrower has good and indefeasible title to its Collateral and all of such Borrower’s property comprising the Real PropertyCollateral, free and clear of Liens except for Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Leslies Poolmart Inc)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Hologic Inc)

No Encumbrances. Each Borrower has good and indefeasible title to its Collateral and the Real Property, free and clear of Liens except for Permitted LiensLiens and each Borrower has the right to grant the Liens in the Collateral it purports to grant to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Oakwood Homes Corp)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Friede Goldman Halter Inc)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Cellstar Corp)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Pioneer Companies Inc)

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