Common use of Collateral Free and Clear Clause in Contracts

Collateral Free and Clear. Debtor shall keep the Collateral free and clear of all liens, charges, encumbrances, assessments, and other security interest of any kind (other than the security interest granted hereby) and shall pay, when due, all taxes, assessments, and license fees relating to the Collateral.

Appears in 1 contract

Sources: Security Agreement (Oregon Baking Co Dba Marsee Baking)

Collateral Free and Clear. Debtor shall keep the Collateral free and clear ---------- ---- --- ------ of all liens, charges, encumbrances, assessments, and other security interest interests of any kind (other than the security interest granted hereby) and shall pay, when due, all taxes, assessments, and license fees relating to the Collateral.

Appears in 1 contract

Sources: Security Agreement (Summagraphics Corp)

Collateral Free and Clear. Debtor shall keep the Collateral free and clear of all liens, charges, encumbrances, assessments, and other security interest interests of any kind (other than the security interest granted hereby) and shall pay, when due, all taxes, assessments, and license fees relating to the Collateral.

Appears in 1 contract

Sources: Security Agreement (Iomega Corp)