Title and Authority. Each Grantor has good and valid rights in and title (or right to use in the case of Intellectual Property) to the Collateral with respect to which it has purported to grant a Security Interest hereunder and has full power and authority to grant to the Collateral Agent the Security Interest in such Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other Person other than any consent or approval which has been obtained.
Appears in 2 contracts
Sources: Security Agreement (Solutia Inc), Security Agreement (Solutia Inc)
Title and Authority. Each Grantor has good and valid rights in in, and title (or right to use in the case of Intellectual Property) to to, the Collateral with respect to which it has purported to grant a Security Interest hereunder and has full power and authority to grant to the Collateral Agent the Security Interest in such Collateral pursuant hereto and has taken all necessary action, corporate or otherwise, to execute, deliver authorize the execution and perform delivery of this Agreement and the performance of its obligations in accordance with the terms of this Agreement, without the consent or approval of any other Person Person, other than any consent or approval which has been obtained.
Appears in 2 contracts
Sources: Credit Agreement (Quiksilver Inc), Credit Agreement (Quiksilver Inc)
Title and Authority. Each Grantor of the Grantors has good and -------------------- valid rights in and title (or right to use in the case of Intellectual Property) to the Collateral with respect to which it has purported to grant a Security Interest hereunder (other than Trademarks which are not, individually or in the aggregate, material to any Grantor's business, condition or prospects) and has full power and authority to grant to the Collateral Security Agent the Security Interest in such Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other Person person other than any consent or approval which has been obtained.
Appears in 2 contracts
Sources: Security Agreement (Brylane Inc), Security Agreement (Brylane Inc)
Title and Authority. Each Grantor has good and valid rights in and title (or right to use in the case of Intellectual Property) to the Collateral with respect to which it has purported to grant a the Security Interest Interests hereunder and and, subject to the entry of the Financing Orders by the Bankruptcy Court, has full power and authority to grant to the Collateral Agent Agent, for the benefit of the Secured Creditors, the Security Interest Interests in such Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other Person other than any consent or approval which has been obtained.
Appears in 1 contract
Title and Authority. Each Grantor has good and valid rights in in, and title (or right to use in the case of Intellectual Property) to to, the Collateral with respect to which it has purported to grant a Security Interest hereunder or Lien under the Security Documents and has full power and authority to grant to the Notes Collateral Agent the Security Interest and/or Lien in such Collateral pursuant hereto to the Security Documents and to execute, deliver and perform its obligations in accordance with the terms of this Agreementthe Security Documents, without the consent or approval of any other Person Person, other than any consent or approval which has been obtained.
Appears in 1 contract
Sources: Security Agreement (Sanmina Corp)
Title and Authority. Each Grantor has good and valid rights in the Collateral and title (or right to use in the case of Intellectual Property) to the Collateral with respect to which it has purported to grant a the Security Interest Interests hereunder and has full power and authority to grant to the Collateral Agent Administrative Agent, for the benefit of the Secured Parties, the Security Interest Interests in such Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other Person other than any consent or approval which has been obtained.
Appears in 1 contract
Title and Authority. Each Grantor has good and valid rights in the Collateral and title (or right to use in the case of Intellectual Property) to the Collateral with respect to which it has purported to grant a the Security Interest Interests hereunder and has full power and authority to grant to the Collateral Agent Agent, for the benefit of the Notes Secured Parties, the Security Interest Interests in such Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other Person other than any consent or approval which has been obtained.
Appears in 1 contract
Title and Authority. Each Grantor of the Grantors has good and valid rights in and title (or right to use in the case of Intellectual Property) to the Collateral with respect to which it has purported to grant a Security Interest hereunder (other than Trademarks which are not, individually or in the aggregate, material to any Grantor's business, condition or prospects) and has full power and authority to grant to the Collateral Security Agent the Security Interest in such Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other Person person other than any consent or approval which has been obtained.
Appears in 1 contract
Sources: Security Agreement (Brylane Inc)
Title and Authority. Each Grantor has good and valid rights in and title (or right to use in the case of Intellectual Property) to the Collateral with respect to which it has purported to grant a Security Interest hereunder and has full power and authority to grant to the Collateral Agent the Security Interest in such Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other Person other than any consent or approval which that has been obtained.
Appears in 1 contract
Sources: Security Agreement (Imc Global Inc)
Title and Authority. Each Grantor has good and valid rights in and title (or right to use in the case of Intellectual Property) to the Collateral with respect to which it has purported to grant a Security Interest hereunder and has full corporate power and authority to grant to the Collateral Agent the Security Interest in such Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other Person person other (i) than any consent or approval which has been obtainedobtained and (ii) any consent or approval the failure of which to obtain could not impair or adversely affect the Security Interests intended to be granted hereunder.
Appears in 1 contract
Sources: Security Agreement (Terex Corp)
Title and Authority. Each Grantor has good and valid rights in and title (or right to use in the case of Intellectual Property) to the Guaranteed Obligations Collateral with respect to which it has purported to grant a Security Interest hereunder and has full power and authority to grant to the Collateral Agent the Security Interest in such Guaranteed Obligations Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other Person person other than any consent or approval which has been obtained.
Appears in 1 contract
Sources: Security Agreement (McLeodusa Inc)
Title and Authority. Each Grantor of the Grantors has good and -------------------- valid rights in and title (or right to use in the case of Intellectual Property) to the Collateral with respect to which it has purported to grant a Security Interest hereunder and has full power and authority to grant to the Collateral Agent the Agents a Security Interest in such Collateral pursuant hereto and the Liens created under the other Security Documents and to execute, deliver and perform its obligations in accordance with the terms of this AgreementAgreement and the other Security Documents, without the consent or approval of any other Person other than any consent or approval which has been obtained.
Appears in 1 contract