Common use of Title to Collateral; Perfected Security Interest Clause in Contracts

Title to Collateral; Perfected Security Interest. Pledgor has good and marketable title to the Collateral, free of all Liens (other than the Lien created by this Agreement) and Transfer Restrictions and has good, right and lawful authority to assign, transfer and pledge such Collateral and all additions to such Collateral and substitutions for such Collateral under this Agreement. Upon delivery of any Collateral to the Collateral Agent hereunder, the Collateral Agent will obtain a valid, first priority perfected security interest in, and a first lien upon, such Collateral subject to no other Lien. None of the Collateral is or shall be pledged by Pledgor as collateral for any other purpose.

Title to Collateral; Perfected Security Interest. Pledgor has good and marketable title to the Additional Collateral, free of all Liens (other than the Lien created by this the Collateral Agreement) and Transfer Restrictions and has good, right and lawful authority to assign, transfer and pledge such Collateral and all additions to such Collateral and substitutions for such Additional Collateral under this the Collateral Agreement. Upon delivery of any the Additional Collateral to the Collateral Agent hereunderAgent, the Collateral Agent will obtain a valid, first priority perfected security interest in, and a first lien upon, such Additional Collateral subject to no other Lien. None of the such Additional Collateral is or shall be pledged by Pledgor as collateral for any other purpose. This Certificate may be relied upon by Purchaser as fully and to the same extent as if this Certificate had been specifically addressed to Purchaser.