Collateral Property Sample Clauses
The Collateral Property clause defines the specific assets or property that are pledged as security for a loan or other financial obligation. It typically outlines what items, such as real estate, equipment, or inventory, are included as collateral and may describe the conditions under which the lender can claim these assets if the borrower defaults. By clearly identifying the collateral, this clause protects the lender’s interests and provides assurance that there is a tangible means of recovering losses in the event of non-payment.
POPULAR SAMPLE Copied 2 times
Collateral Property. All contracts and all property now owned by the Borrower are held by it free and clear of all Liens other than
Collateral Property. Borrower makes the following representations and warranties concerning the Collateral Property:
Collateral Property. The Land and the Project.
Collateral Property. All contracts and all property now owned by the Company are held by it free and clear of all Liens other than Permitted Liens. The Company has good, marketable and valid title in and to all of the Collateral now owned by it, in each case free and clear of all Liens other than Permitted Liens.
Collateral Property. Borrower has paid in full for, and is the owner of, all Collateral Property (other than tenants’ property) used in connection with the operation of each Individual Property, free and clear of any and all security interests, liens or encumbrances, except for Permitted Encumbrances and the Lien and security interest created by the Loan Documents.
Collateral Property. All contracts and all property now owned by the Company are held by it free and clear of all Liens other than Permitted Liens. The Pledgors under the Pledge Agreement have good, marketable and valid title in and to all of the Collateral now owned by them, in each case free and clear of all Liens other than Permitted Liens.
Collateral Property. Each Subsidiary Property Owner makes the following representations and warranties concerning the Collateral Property owned by such Subsidiary Property Owner to the best of its knowledge and belief, to the extent applicable:
Collateral Property. The Land and the Project. Completion Date. July 1, 2013. Construction Contract. See §10.1(w).