Common use of Protection of the Collateral Clause in Contracts

Protection of the Collateral. The Company represents and covenants that the Collateral is, and shall at all times be and remain, owned by the Company free and clear of any Liens, except for such Liens which are in favor of the Secured Party or specifically consented to in writing by the Secured Party. The Company warrants and shall defend the Secured Partys right, title, property and security interest in and to the Collateral against the claim of any person or entity.

Appears in 1 contract

Sources: Security Agreement (Imagenetix Inc /Nv/)

Protection of the Collateral. The Company represents and covenants that the Collateral is, and shall at all times be and remain, owned by the Company free and clear of any Liens, except for such Liens which are in favor of the Secured Party or specifically consented to in writing by the Secured Party. , The Company warrants and shall defend the Secured Partys Party's right, title, property and security interest in and to the Collateral against the claim of any person or entity.

Appears in 1 contract

Sources: Security Agreement (Imagenetix Inc /Nv/)