Common use of Good Title; No Existing Encumbrances Clause in Contracts

Good Title; No Existing Encumbrances. The Borrower and Guarantors own the Collateral free and clear of any prior Lien, and no financing statements or other evidences of the grant of a security interest respecting the Collateral exist on the public records.

Appears in 4 contracts

Sources: Credit Agreement (Bassett Furniture Industries Inc), Credit Agreement (Bassett Furniture Industries Inc), Credit Agreement (Bassett Furniture Industries Inc)

Good Title; No Existing Encumbrances. The Borrower and ------------------------------------ Guarantors own the Collateral free and clear of any prior Lien, and no financing statements or other evidences of the grant of a security interest respecting the Collateral exist on the public records.

Appears in 1 contract

Sources: Credit Agreement (Scansource Inc)

Good Title; No Existing Encumbrances. The Borrower Borrower, the Guarantors and Guarantors the other Loan Parties own the Collateral free and clear of any prior Lien, and no financing statements or other evidences of the grant of a security interest respecting the Collateral exist on the public records.

Appears in 1 contract

Sources: Credit Agreement (Bassett Furniture Industries Inc)