Common use of Create Liens Clause in Contracts

Create Liens. Without written permission from Lender, mortgage, assign, hypothecate, encumber, or in any manner create, suffer or permit liens on its property, except liens in favor of the Lender, and except for (i) liens, if any, that have been disclosed in writing by it to the Lender prior to the date of this Agreement and consented to by the Lender; and (ii) liens for real estate property taxes which are not yet due and payable.