Assurance of Title. Obligor is and will remain the owner of all of ------------------ the Collateral, or if proceeds of any financial accommodation secured hereby are being used to purchase the Collateral. Obligor will be the owner thereof, free and clear of all claims, encumbrances, charges and liens, except as herein provided.
Appears in 2 contracts
Sources: Security Agreement (Medallion Financial Corp), Security Agreement (Medallion Financial Corp)