Priority of Liens; Title to Properties. The security interests and liens granted to Agent, for itself and the benefit of Lender, under this Agreement and the other Financing Agreements constitute valid and perfected first priority liens and security interests in and upon the Collateral subject only to the liens indicated on Schedule 8.4 hereto and the other liens permitted under Section 9.8 hereof. Each Borrower has good and marketable title to all of its properties and assets subject to no liens, mortgages, pledges, security interests, encumbrances or charges of any kind, except those granted to Agent, for the benefit of Lender, and such others as are specifically listed on Schedule 8.4 hereto or permitted under Section 9.8 hereof.
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Sources: Loan and Security Agreement (Damark International Inc)
Priority of Liens; Title to Properties. The security interests and liens granted to Agent, for itself and the ratable benefit of LenderLenders, under this Agreement and the other Financing Agreements constitute valid and perfected first priority liens and security interests in and upon the Collateral subject only to the liens indicated on Schedule 8.4 hereto and the other liens permitted under Section 9.8 hereof. Each Borrower has good and marketable title to all of its properties and assets subject to no liens, mortgages, pledges, security interests, encumbrances or charges of any kind, except those granted to Agent, for the ratable benefit of LenderLenders, and such others as are specifically listed on Schedule 8.4 hereto or permitted under Section 9.8 hereof.
Appears in 1 contract
Priority of Liens; Title to Properties. The security interests and liens granted to Agent, for itself and the ratable benefit of LenderLenders, under this Agreement and the other Financing Agreements constitute valid and perfected first priority liens and security interests in and upon the Collateral subject only to the liens indicated on Schedule 8.4 9.4 hereto and the other liens permitted under Section 9.8 hereof. Each Borrower has good and marketable title to all of its properties and assets subject to no liens, mortgages, pledges, security interests, encumbrances or charges of any kind, except those granted to Agent, for itself and the ratable benefit of LenderLenders, and such others as are specifically listed on Schedule 8.4 9.4 hereto or permitted under Section 9.8 10.8 hereof.
Appears in 1 contract
Priority of Liens; Title to Properties. The security interests and liens granted to Administrative Agent, for itself and the ratable benefit of LenderLenders, under this Agreement and the other Financing Agreements constitute valid and perfected first priority liens and security interests in and upon the Collateral subject only to the liens indicated on Schedule 8.4 hereto and the other liens permitted under Section 9.8 hereof. Each Borrower of Borrowers and Guarantor has good and marketable title to all of its properties and assets subject to no liens, mortgages, pledges, security interests, encumbrances or charges of any kind, except those granted to Administrative Agent, for itself and the ratable benefit of LenderLenders, and such others as are specifically listed on Schedule 8.4 hereto or permitted under Section 9.8 hereof.
Appears in 1 contract
Sources: Loan and Security Agreement (Bell Microproducts Inc)
Priority of Liens; Title to Properties. The security interests and liens granted to Agent, for itself and the ratable benefit of LenderLenders, under this Agreement and the other Financing Agreements constitute valid and perfected first priority liens and security interests in and upon the Collateral subject only to the liens indicated on Schedule 8.4 hereto and the other liens permitted under Section 9.8 hereof. Each Borrower has good and marketable title to all of its properties and assets subject to no liens, mortgages, pledges, security interests, encumbrances or charges of any kind, except those granted to Agent, for itself and the ratable benefit of LenderLenders, and such others as are specifically listed on Schedule 8.4 hereto or permitted under Section 9.8 hereof.
Appears in 1 contract
Sources: Loan and Security Agreement (Bell Microproducts Inc)
Priority of Liens; Title to Properties. The security interests and -------------------------------------- liens granted to Agent, for itself and the benefit of Lender, under this Agreement and the other Financing Agreements constitute valid and perfected first priority liens and security interests in and upon the Collateral subject only to the liens indicated on Schedule 8.4 hereto and the other liens permitted under Section 9.8 hereof. Each Borrower has good and marketable title to all of its properties and assets subject to no liens, mortgages, pledges, security interests, encumbrances or charges of any kind, except those granted to Agent, for the benefit of Lender, and such others as are specifically listed on Schedule 8.4 hereto or permitted under Section 9.8 hereof.
Appears in 1 contract