Common use of Encumbrances and Guaranties Clause in Contracts

Encumbrances and Guaranties. (a) All properties and assets of Borrower are owned by Borrower free and clear of all liens and encumbrances except liens and encumbrances: (i) for taxes or other government changes not yet delinquent; (ii.) arising in connection with indebtedness that does not materially impair the use or value of the properties or assets of Borrower in the conduct of its businesses; or (iii) otherwise permitted under any other Loan Document, all of which have been disclosed to Lender in writing.

Encumbrances and Guaranties. (a) All properties and assets of the Borrower are owned by the Borrower free and clear of all liens and encumbrances Encumbrances except liens and encumbrances: (i) those for taxes or other government changes charges either not yet delinquentdelinquent or the nonpayment of which is permitted by Section 4.4 of this Agreement; (ii.) those not arising in connection with indebtedness Indebtedness that does do not materially impair the use or value of the properties or assets of the Borrower in the conduct of its businesses; or and (iii) otherwise permitted under any other Loan Document, all of which have been disclosed to Lender in writingEncumbrances described on Schedule 4.5.

Encumbrances and Guaranties. (a) All properties and assets of the Borrower are owned by the Borrower free and clear of all liens and encumbrances Encumbrances except liens and encumbrances: (i) those for taxes or other government changes charges either not yet delinquentdelinquent or the nonpayment of which is permitted by Section 4.5 of this Agreement; (ii.) those not arising in connection with indebtedness that does not materially impair the use or value of the properties or assets of Borrower in the conduct of its businesses; or (iii) otherwise permitted under any other Loan Document, all of which have been disclosed to Lender in writing.with