Common use of Collateral Representations Clause in Contracts

Collateral Representations. The Borrower or, in the case of the Mortgaged Premises, a Subsidiary, is the sole owner of the Collateral, free from any Lien of any kind, other than the Lien of the Bank and the Liens permitted by Section 8.2 of this Agreement.

Appears in 3 contracts

Sources: Loan and Security Agreement (Arlington Hospitality Inc), Loan and Security Agreement (Arlington Hospitality Inc), Loan and Security Agreement (Arlington Hospitality Inc)

Collateral Representations. The Each Borrower or, in the case of the Mortgaged Premises, a Subsidiary, is the sole owner of the its property constituting Collateral, free from any Lien of any kind, other than the Lien of the Bank and the Liens permitted by under Section 8.2 of this Agreement8.2.

Appears in 2 contracts

Sources: Credit Agreement (Lawson Products Inc/New/De/), Credit Agreement (Lawson Products Inc/New/De/)

Collateral Representations. The Borrower or, in the case of the Mortgaged Premises, a Subsidiary, is the sole owner of the Collateral, free from any Lien lien, security interest or encumbrance of any kind, other than the Lien lien of the Bank and the Liens permitted by Section 8.2 of this AgreementBank.

Appears in 1 contract

Sources: Loan and Security Agreement (First Horizon Pharmaceutical Corp)

Collateral Representations. The Borrower or, in the case of the Mortgaged Premises, a Subsidiary, is the sole owner of the Collateral, free from any Lien of any kind, other than the Lien of the Bank and the Liens permitted by Section 8.2 of this AgreementPermitted Liens.

Appears in 1 contract

Sources: Loan and Security Agreement (Huron Consulting Group Inc.)

Collateral Representations. The Borrower or, in the case of the Mortgaged Premises, a Subsidiary, is the sole owner of the Collateral, free from any Lien of any kind, other than the Lien of the Bank Agent and the Liens permitted by Section 8.2 of this AgreementLenders.

Appears in 1 contract

Sources: Loan and Security Agreement (Medirect Latino Inc)

Collateral Representations. The Borrower or, in the case of the Mortgaged Premises, a Subsidiary, is the sole owner of the Collateral, free from any Lien lien, security interest or encumbrance of any kind, other than the Lien liens and security interests in favor of the Bank and other Permitted Liens existing on the Liens permitted by Section 8.2 of this Agreementdate hereof.

Appears in 1 contract

Sources: Loan Agreement (Fields MRS Original Cookies Inc)

Collateral Representations. The Borrower or, in the case One or more of the Mortgaged Premises, a Subsidiary, is Borrowers are the sole owner of the Collateral, free from any Lien of any kind, other than the Lien of the Bank and the Permitted Liens permitted by (hereinafter defined) in Section 8.2 of this Agreement8.2.

Appears in 1 contract

Sources: Loan and Security Agreement (Global Axcess Corp)

Collateral Representations. The Borrower or, in the case of the Mortgaged Premises, a Subsidiary, is the sole owner of the Collateral, free from any Lien of any kind, other than the Lien of the Bank and the Liens permitted by under Section 8.2 of this Agreement8.2.

Appears in 1 contract

Sources: Loan Agreement (Eloyalty Corp)

Collateral Representations. The Borrower or, in the case of the Mortgaged Premises, a Subsidiary, is the sole owner of its portion of the Collateral, free from any Lien of any kind, other than the Lien of the Bank and the Liens permitted by Section 8.2 of this AgreementPermitted Liens.

Appears in 1 contract

Sources: Loan and Security Agreement (AquaBounty Technologies, Inc.)