ENCUMBRANCE OF COLLATERAL. Borrower shall not create, incur, assume or permit to exist any Lien on any Collateral now owned or hereafter acquired by Borrower, except for Liens to Lender and Permitted Liens.
ENCUMBRANCE OF COLLATERAL. Borrower shall not create, incur, assume or permit to exist any Lien on any Collateral now owned or hereafter acquired by Borrower except for Liens to Lender and Permitted Liens.
ENCUMBRANCE OF COLLATERAL. 16 Section 7.2. Business ............................................... 16 Section 7.3. Condition and Repair ................................... 16 Section 7.4. Taxes .................................................. 17 Section 7.5. Insurance .............................................. 17 Section 7.6. Accounting System ...................................... 17 Section 7.7. Financial Statements ................................... 17 Section 7.8. Further Information .................................... 17 Section 7.9.
ENCUMBRANCE OF COLLATERAL. Pledgor hereby covenants and agrees that it will not create in favor of anyone, except Secured Party, any other security interest in the Collateral, or in any part thereof, or otherwise encumber or permit the same to become subject to any lien, attachment, execution, sequestration, or other legal or equitable process.
ENCUMBRANCE OF COLLATERAL. Each Guarantor shall not create, incur, assume or permit to exist any Lien on any Collateral now owned or hereafter acquired by such Guarantor, except for Liens to Lender and Permitted Liens.
ENCUMBRANCE OF COLLATERAL. 20 SECTION 9.2. BUSINESS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 SECTION 9.3. CONDITION AND REPAIR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 SECTION 9.4. TAXES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 SECTION 9.5. ACCOUNTING SYSTEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 SECTION 9.6.
ENCUMBRANCE OF COLLATERAL. Except as permitted by Section 4.10 or as permitted by the Securities Purchase Documents with Secured Party's prior written consent, Debtor will not in any way encumber any of the Collateral (or permit or suffer any of the Collateral to be encumbered) to or in favor of any Person other than Secured Party.
ENCUMBRANCE OF COLLATERAL. 20 Section 9.2. Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Section 9.3. Condition and Repair . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Section 9.4. Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Section 9.5. Accounting System . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Section 9.6. Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Section 9.7.
ENCUMBRANCE OF COLLATERAL. Borrower shall not create, incur, assume or permit to exist any Lien on any
ENCUMBRANCE OF COLLATERAL. Pledgor represents and warrants that there are no pledges or other encumbrances on the Unencumbered Stock as of the date hereof. In addition, Pledgor shall not sell, withdraw, pledge, or otherwise encumber all or any part of the Collateral without the prior written consent of Pledgee. Notwithstanding the previous sentence, the encumbrances on the Restricted Stock and the Deferred Stock as of the date hereof are deemed acceptable to Pledgee.
