Common use of Collateral Free and Clear Clause in Contracts

Collateral Free and Clear. The Collateral is free and clear of any adverse liens, restrictions or limitations including any restriction from transfer except those that have been disclosed to the Bank in writing prior to closing.

Appears in 4 contracts

Sources: Loan Agreement (Bowlin Outdoor Advertising & Travel Centers Inc), Master Loan Agreement (Amrep Corp), Master Loan Agreement (Amrep Corp)