Encumbrance of Assets. The Borrower shall not mortgage, pledge, grant or permit to exist a security interest in or lien upon any of its assets of any kind, whether now owned or hereafter acquired.
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Samples: Security Agreement (Majestic Companies LTD), Security Agreement (Majestic Safe-T-Products LTD), Security Agreement (Majestic Safe-T-Products LTD)
Encumbrance of Assets. The Borrower shall will not mortgage, pledge, grant or permit to exist a security interest in or lien Lien upon any of its assets of any kindthe Collateral, whether now owned or hereafter acquiredacquired except for the Permitted Liens.
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