Common use of Priority of Liens; Title to Properties Clause in Contracts

Priority of Liens; Title to Properties. (a) The security interests and liens granted to Agent for itself and the ratable benefit of Lenders under this Agreement and the other Financing Agreements constitute valid and perfected liens and security interests in and upon the Collateral subject only to the liens indicated on Schedule 6.7 hereto and the liens permitted under Section 7.5 hereof.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Salant Corp), Revolving Credit and Security Agreement (Salant Corp)

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Priority of Liens; Title to Properties. (a) The security interests and liens granted to Agent for itself and the ratable benefit of Lenders under this Agreement and the other Financing Agreements constitute valid and perfected first priority liens and security interests in and upon the Collateral Collateral. Borrower has good, valid and merchantable title to all of its other properties and assets subject only to the liens indicated on Schedule 6.7 hereto and the liens permitted under Section 7.5 hereofno liens, mortgages, pledges, security interests, encumbrances or charges of any kind, except those granted to Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Westpoint Stevens Inc)

Priority of Liens; Title to Properties. (a) The security interests and liens granted to Agent for itself and the ratable benefit of Lenders Lender under this Agreement and the other Financing Agreements constitute valid and perfected first priority liens and security interests in and upon the Collateral and Guarantor Collateral, subject only to the liens indicated on Schedule 6.7 Exhibit D attached hereto and the liens permitted under Section 7.5 hereof6.4 hereof or permitted under the other Financing Agreements.

Appears in 1 contract

Samples: Loan and Security Agreement (Hanover Direct Inc)

Priority of Liens; Title to Properties. (a) The security interests and liens granted to Agent for itself and the ratable benefit of Lenders Lender under this Agreement and the other Financing Agreements constitute valid and perfected liens and security interests in and upon the Collateral subject only to the liens indicated on Schedule 6.7 5.8 hereto and the liens permitted under Section 7.5 6.4 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Doe Run Peru Sr Ltda)

Priority of Liens; Title to Properties. (a) The security interests and liens granted to Agent for itself and the ratable benefit of Lenders Lender under this Agreement and the other Financing Agreements constitute valid and perfected liens and security interests in and upon the Collateral subject only to the liens indicated on Schedule 6.7 7.7 hereto and the liens permitted under Section 7.5 8.5 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Health Fitness Physical Therapy Inc)

Priority of Liens; Title to Properties. (a) The security interests and liens being granted to the Agent for itself and on behalf of the ratable benefit of Lenders under this Agreement and the other Financing Agreements shall when they become effective constitute valid and perfected first priority liens and security interests in and upon the Collateral, subject to any preexisting liens under installment sale obligations or capitalized leases of Equipment. The Company has good and marketable title to all of its properties and assets comprising the Collateral subject only to the liens indicated on Schedule 6.7 hereto and the liens permitted under Section 7.5 hereofno liens, mortgages, pledges, security interests, encumbrances or charges of any kind.

Appears in 1 contract

Samples: Security Agreement (Caprius Inc)

Priority of Liens; Title to Properties. (a) The security interests and liens granted to Agent for itself and the ratable benefit of Lenders Lender under this Agreement and the other Financing Agreements constitute valid and perfected first priority and only liens and security interests in and upon the Collateral subject only to the liens indicated on Schedule 6.7 7.5 hereto and the liens permitted under Section 7.5 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Am General Corp)

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Priority of Liens; Title to Properties. (a) The security interests and liens granted to Agent for itself and the ratable benefit of Lenders under this Agreement and the other Financing Agreements constitute valid and perfected liens and security interests in and upon the Collateral subject only to the liens indicated on Schedule 6.7 6.10 hereto and the liens permitted under Section 7.5 7.4 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Doe Run Resources Corp)

Priority of Liens; Title to Properties. (a) The security interests and liens granted to Agent for itself and the ratable benefit of Lenders Lender under this Agreement and the other Financing Agreements constitute valid and perfected first priority liens and security interests in and upon the Collateral subject only to the liens indicated on Schedule 6.7 8.4 hereto and the other liens permitted under Section 7.5 hereof.9.8

Appears in 1 contract

Samples: Loan and Security Agreement (Ametech Inc)

Priority of Liens; Title to Properties. (a) The security interests and -------------------------------------- liens being granted to the Agent for itself and on behalf of the ratable benefit of Lenders under this Agreement and the other Financing Agreements shall when they become effective constitute valid and perfected first priority liens and security interests in and upon the Collateral, subject to any preexisting liens under installment sale obligations or capitalized leases of Equipment. The Company has good and marketable title to all of its properties and assets comprising the Collateral subject only to the liens indicated on Schedule 6.7 hereto and the liens permitted under Section 7.5 hereofno liens, mortgages, pledges, security interests, encumbrances or charges of any kind.

Appears in 1 contract

Samples: Security Agreement (Caprius Inc)

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