Common use of Secured Property Clause in Contracts

Secured Property. The Debtor represents and warrants to the Creditor that the Secured Property is genuine and in the exclusive possession and control of the Debtor.

Secured Property. The Debtor represents and warrants to the Creditor that the Secured Property is genuine and in the exclusive possession and control of the DebtorDebtor (subject to licenses thereto granted in the normal course of business).