Common use of Collateral Free and Clear Clause in Contracts

Collateral Free and Clear. Except as may be set forth on the Schedules, Debtor shall keep the Collateral free and clear of all liens, claims, charges, encumbrances and other security interests of any kind (other than the security interest granted hereby and any lien securing payment of ad valorem property taxes, fees or assessments that are not delinquent). Debtor shall defend the title to the Collateral against all persons and against all claims and demands whatsoever. At the request of Secured Party, Debtor shall furnish further assurance of title, execute any written agreement and do any other acts necessary to effectuate the purposes and provisions of this Agreement, including in order to perfect, continue, or terminate the security interest of Secured Party in the Collateral, and pay all costs in connection therewith.

Collateral Free and Clear. Except as may be set forth on the Schedules, Debtor shall keep the Collateral free and clear of all liens, claims, charges, encumbrances and other security interests of any kind (other than the security interest granted hereby and any lien securing payment of ad valorem property taxes, fees or assessments that are not delinquent). Debtor shall defend the title to the Collateral against all persons and against all claims and demands whatsoever. At the request of Secured Party, Debtor shall furnish further assurance of title, execute any written agreement and do to any other acts necessary to effectuate the purposes and provisions of this Agreement, including in order to perfect, continue, or terminate the security interest of Secured Party in the Collateral, and pay all costs in connection therewith.