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Collateral. Borrower has good title to, rights in, and the power to transfer each item of the Collateral upon which it purports to grant a Lien hereunder, free and clear of any and all Liens except Permitted Liens. Borrower has no Collateral Accounts at or with any bank or financial institution other than Bank or Bank’s Affiliates except for the Collateral Accounts described in the Perfection Certificate delivered to Bank in connection herewith and which Borrower has taken such actions as are necessary to give Bank a perfected security interest therein, to the extent required by and pursuant to the terms of [Section 6.6(b)]. The Accounts are bona fide, existing obligations of the Account Debtors.

Collateral. Co-Borrower has good title to, rights in, and the power to transfer each item of the Collateral upon which it purports to grant a Lien hereunder, free and clear of any and all Liens except Permitted Liens. Co-Borrower has no Collateral Accounts at or with any bank or financial institution other than Bank or Bank’s Affiliates except for the Collateral Accounts described in the Perfection Certificate delivered to Bank in connection herewith and which Co-Borrower has taken such actions as are necessary to give Bank a perfected security interest therein, to the extent required by and pursuant to the terms of [Section 6.6(8(b)]. The Accounts are bona fide, existing obligations of the Account Debtors.

Section # Collateral. Borrower has good and marketable title to, rights in, and the power to transfer each item of the Collateral upon which it purports to grant a Lien hereunder,all Collateral, free and clear of any and all Liens exceptLiens, other than Permitted Liens. Borrower has no Collateral Accounts atdeposit accounts or with any bank or financial institutionsecurities accounts, other than Bank or Bank’s Affiliates except for the Collateral Accountsdeposit accounts and securities accounts described in the Perfection and Disclosure Certificate delivered to Bankand those permitted under [Section 7.09]. Except as described in connection herewiththe Perfection and which Borrower has taken such actionsDisclosure Certificate or as are necessary to give Bank a perfected security interest therein, to the extent required by and pursuant to the terms ofpermitted under [Section 6.6(b)]. The Accounts are bona fide, existing obligations09], the Collateral is not in the possession of the Account Debtors.any third party bailee (such as at a warehouse).

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