Common use of Representations, Warranties and Covenants of Grantor Clause in Contracts

Representations, Warranties and Covenants of Grantor. Grantor hereby represents, warrants and covenants, with respect to the UCC Property as follows: (a) except for the security interest granted hereby, Grantor is, and as to portions of the UCC Property to be acquired by Grantor after the date hereof will be, the sole owner of the UCC Property, free from any adverse lien, security interest, encumbrance or adverse claims thereon of any kind whatsoever except for Permitted Exceptions. Grantor will notify Beneficiary of, and will defend such property against, all claims and demands of all persons at any time claiming the same or any interest therein; (b) except as otherwise provided herein or in the other Loan Documents, Grantor will not lease, sell, convey, remove, alter or in any manner transfer the UCC Property without the prior written consent of Beneficiary, other than in the ordinary course of business and except as permitted by the Credit Agreement; and (c) the UCC Property will be kept on or at the Property and Grantor will not remove the UCC Property from the Property unless it is replaced with replacement property satisfactory to Beneficiary, without the prior written consent of Beneficiary, except as otherwise provided herein or in the Credit Agreement.