Encumbrance of Assets. Borrower will not, and will not permit a Subsidiary to, mortgage, pledge, grant or permit to exist a security interest in or Lien upon any of the Collateral, now owned or hereafter acquired except for the Permitted Liens.
Appears in 10 contracts
Samples: Business Credit and Security Agreement (Elek Tek Inc), Business Credit and Security Agreement (Government Technology Services Inc), Business Credit and Security Agreement (Elcom International Inc)
Encumbrance of Assets. Borrower will not, and will not permit a Subsidiary to, mortgage, pledge, grant or permit to exist a security interest or Lien in or Lien upon any of the Collateral, now owned or hereafter acquired except for the Permitted Liens.
Appears in 1 contract
Samples: Loan and Security Agreement (Western Power & Equipment Corp)
Encumbrance of Assets. Borrower will not, and will not ----------------------- permit a Subsidiary to, mortgage, pledge, grant or permit to exist a security interest in or Lien upon any of the Collateral, now owned or hereafter acquired except for the Permitted Liens.
Appears in 1 contract
Samples: Business Credit and Security Agreement (Pomeroy Computer Resources Inc)
