Representations and Warranties Concerning Collateral. Each Obligor jointly and severally represents and warrants that: (a) One or more of the Obligors is the sole owner of the Collateral. (b) The Collateral is not subject to any security interest, lien, prior assignment, or other encumbrance of any nature whatsoever except Permitted Encumbrances.
Appears in 4 contracts
Sources: Patent Security Agreement (Vintage Capital Group, LLC), Patent Security Agreement (Vintage Capital Group, LLC), Patent Security Agreement (Caprius Inc)