Common use of Liens on Property Clause in Contracts

Liens on Property. Evidence, satisfactory to the Bank, that all personal property, fixtures and equipment, etc., in which the Bank is taking a security interest is free and clear of all Liens of every nature and description other than Permitted Liens.

Appears in 2 contracts

Sources: Credit Agreement, Credit Agreement (Medical Transcription Billing, Corp)

Liens on Property. Evidence, satisfactory to the Bank, that all personal property, fixtures and equipment, etc., in which the Bank is taking a security interest is free and clear of all Liens and encumbrances of every nature and description other than Permitted Liens.

Appears in 1 contract

Sources: Credit Agreement (Greenwood Hall, Inc.)