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.
Appears in 5 contracts
Samples: Loan and Security Agreement (Diametrics Medical Inc), Loan and Security Agreement (Renex Corp), Loan and Security Agreement (Sunlink Health Systems Inc)
ENCUMBRANCE OF COLLATERAL. Borrower shall not create, incur, assume or permit to exist any Lien on any Collateral now owned or hereafter acquired by BorrowerBorrower or its Affiliates, except for Liens to Lender and Permitted Liens.
Appears in 2 contracts
Samples: Loan and Security Agreement (American Shared Hospital Services), Loan and Security Agreement (American Shared Hospital Services)
ENCUMBRANCE OF COLLATERAL. Borrower shall not create, incur, assume or permit to exist any Lien on any Collateral now owned or hereafter acquired by BorrowerBorrower or its Subsidiaries, except for Liens to Lender and Permitted Liens.
Appears in 1 contract
ENCUMBRANCE OF COLLATERAL. Borrower and Guarantor 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.
Appears in 1 contract
