No Prior Encumbrances. Borrower has good and indefeasible title to the Collateral, free and clear of Liens, except for Permitted Liens. Except as disclosed in the Schedule, Borrower has not acquired any part of the Collateral from an assignor outside the ordinary course of such assignor's business.
Appears in 2 contracts
Samples: Loan and Security Agreement (Vtel Corp), Loan and Security Agreement (Vtel Corp)
No Prior Encumbrances. Borrower has good and indefeasible marketable title to the Collateral, free and clear of Liens, except for the first priority lien held by the Lender and except for other Permitted Liens. Except as disclosed in the Schedule, Borrower has not acquired any part of the Collateral from an assignor outside the ordinary course of such assignor's ’s business.
Appears in 2 contracts
Samples: Loan and Security Agreement (Maxygen Inc), Loan and Security Agreement (Codexis Inc)
No Prior Encumbrances. Borrower has good and indefeasible title --------------------- to the Collateral, free and clear of Liensliens, claims, security interests, or encumbrances, except for the first priority lien held by the Lenders and except for other Permitted Liens. Except as disclosed in the ScheduleSchedule 1, Borrower has not acquired any part of the Collateral from an assignor outside the ordinary course of such assignor's business.
Appears in 1 contract
Samples: Loan and Security Agreement (Copper Mountain Networks Inc)
No Prior Encumbrances. Borrower has good and indefeasible title to the Collateral, free and clear of Liensliens, claims, security interests, or encumbrances, except for the first priority lien held by the Lender and except for other Permitted Liens. Except as disclosed in the ScheduleSchedule 1, Borrower has not acquired any part of the Collateral from an assignor outside the ordinary course of such assignor's ’s business.
Appears in 1 contract
Samples: Patent Mortgage and Security Agreement (Hemosense Inc)
