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.
Appears in 2 contracts
Sources: Non Negotiable Note Purchase Agreement (Titan Corp), Non Negotiable Note Purchase Agreement (Globalnet Inc)