GRANTOR’S REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE COLLATERAL. Grantor represents and warrants to Lender that: Ownership. Grantor at all times will continue to be the legal and lawful owner of the Collateral free and clear of all security interests, liens, Encumbrances and claims of others except as disclosed to and accepted by Lender in writing prior to execution of this Agreement.
Appears in 2 contracts
Sources: Commercial Pledge Agreement (American Fire Retardant Corp), Loan Agreement (Midsouth Bancorp Inc)
GRANTOR’S REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE COLLATERAL. Grantor represents and warrants to Lender that: Ownership. Grantor at all times will continue to be is the legal and lawful owner of the Collateral free and clear of all security interests, liens, Encumbrances encumbrances and claims of others except as disclosed to and accepted by Lender ▇▇▇▇▇ in writing prior to execution of this Agreement.
Appears in 1 contract
Sources: Commercial Pledge and Security Agreement (Boatracs Inc /Ca/)