Common use of Creation or Existence of Liens Clause in Contracts

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.

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.

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.

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.

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.