No Set. off, Defenses etc. Ilion is the beneficial owner and owner of record of the Notes and owns the Notes free and clear of any and all liens or other encumbrances of any nature. Ilion has not permitted any set-off to be made under, or made any transfer or assignment of, the Notes or made any agreement for the foregoing. Ilion has no knowledge of any defenses against performance under the Notes that any party may have.
Appears in 3 contracts
Sources: Note Purchase and Sale Agreement (Lithium Technology Corp), Note Purchase and Sale Agreement (Lithium Technology Corp), Note Purchase and Sale Agreement (Lithium Technology Corp)