Representations, Warranties and Covenants of the Debtor. The Debtor represents, warrants and covenants that: (a) The Debtor's Title. The Debtor is, as to all of the Collateral, the owner of the Collateral, which is free from any lien, security interest, or encumbrance, except for immaterial statutory liens, and the Debtor shall defend the Collateral and proceeds and products thereof against any and all claims and demands adverse to the interests of the Secured Party.
Appears in 2 contracts
Sources: Security Agreement (Global Technovations Inc), Security Agreement (Global Technovations Inc)
Representations, Warranties and Covenants of the Debtor. The Debtor represents, warrants and covenants that:
(a) The Debtor's Title. The Except as provided on Schedule 1 and immaterial statutory liens, the Debtor is, as to all of the Collateral, the owner of the Collateral, which is free from any lien, security interest, or encumbrance, except for immaterial statutory liens, and the Debtor shall defend the Collateral and proceeds and products thereof against any and all claims and demands adverse to the interests of the Secured Party.
Appears in 1 contract
Sources: Security Agreement (Universal Beverages Holdings Corp)