Creation or Existence of Liens. Borrower will not create or permit to exist any mortgage, pledge, lien or other encumbrance on any of its property, personal or real, tangible or intangible, other than purchase money liens up to $1,000,000 in the aggregate related to the acquisition of assets of Borrower in the ordinary course of business.
Appears in 8 contracts
Samples: Loan Agreement (Monarch Cement Co), Loan Agreement (Monarch Cement Co), Eighth Amendment to Loan Agreement (Monarch Cement Co)
Creation or Existence of Liens. Borrower will not create or permit to exist any mortgage, pledge, lien lien, or other encumbrance on any of its property, personal or real, tangible or intangible, other than purchase money liens security interests up to $1,000,000 5,000,000 in the aggregate related to the acquisition of assets of Borrower acquired in the ordinary course of business.
Appears in 2 contracts
Samples: Credit Agreement (Monarch Cement Co), Credit Agreement (Monarch Cement Co)
Creation or Existence of Liens. Borrower will not create or permit to exist any mortgage, pledge, lien or other encumbrance on any of its property, personal or real, tangible or intangible, other than purchase money liens up to $1,000,000 in the aggregate related to the acquisition of assets of Borrower acquired in the ordinary course of business.
Appears in 2 contracts
Samples: Loan Agreement (Monarch Cement Co), Fifth Amendment to Agreement (Monarch Cement Co)
Creation or Existence of Liens. Borrower will not create or permit to exist any mortgage, pledge, lien lien, or other encumbrance on any of its property, personal or real, tangible or intangible, other than purchase money liens up to $1,000,000 5,000,000 in the aggregate related to the acquisition of assets of Borrower in the ordinary course of business.
Appears in 1 contract
Samples: Loan Agreement (Monarch Cement Co)
Creation or Existence of Liens. Borrower will not create or permit to exist any mortgage, pledge, lien lien, or other encumbrance on any of its property, personal or real, tangible or intangible, other than purchase money liens up to $1,000,000 in the aggregate related to the acquisition of assets of Borrower acquired in the ordinary course of business.
Appears in 1 contract
