ENCUMBRANCES OR LIENS; NOTICE Sample Clauses

ENCUMBRANCES OR LIENS; NOTICE. STI shall not pledge, encumber, or create a security interest in, or permit any lien to become effective on any leased property. If any of these events takes place, STI shall be deemed to be in default at the option of MDC. STI shall promptly notify MDC of any liens, charges, or other encumbrances of which STI has knowledge. STI shall promptly pay or satisfy any obligation from which any lien or encumbrance arises, and shall otherwise keep the property and all right, title, and interest free and clear of all liens, charges, and encumbrances. STI shall deliver to MDC appropriate satisfactions, waivers, or evidence of payment.
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
ENCUMBRANCES OR LIENS; NOTICE. Renter shall not pledge, encumber, create a security interest in, or permit any lien to become effective on any Furniture throughout the Term of this Agreement. Renter shall promptly notify Ariba of any liens, charges, or other encumbrances with respect to the Furniture of which Renter has knowledge. Renter shall promptly pay or satisfy any obligation from which any lien or encumbrance arises caused by Renter, and shall otherwise keep the Furniture and all right, title, and interest free and clear of all liens, charges, and encumbrances caused by Renter.
Sample 1Sample 2
ENCUMBRANCES OR LIENS; NOTICE. District shall not pledge, encumber, create a security interest in, or permit any lien to become effective on any leased Equipment. If any of these events takes place, District shall be deemed to be in default under the Agreement. District shall promptly notify City in writing of any liens or other encumbrances on the Equipment of which District has knowledge. The District will promptly pay or satisfy any obligation from which any lien, claim or encumbrance arises, and will otherwise keep the Equipment and all title and interest free of any liens, claims or encumbrances.
Sample 1
ENCUMBRANCES OR LIENS; NOTICE. Interwoven shall not pledge, encumber, create a security interest in, or permit any lien to become effective on, Interwoven's rights or interests in and to any of the Furniture throughout the Term of this Agreement. Interwoven shall promptly notify Ariba of any liens, charges, or other encumbrances with respect to the Furniture of which Interwoven has knowledge. Interwoven shall promptly pay or satisfy any obligation from which any lien or encumbrance arises caused by Interwoven, and shall otherwise keep the Furniture and all right, title, and interest free and clear of all liens, charges, and encumbrances caused by Interwoven. The provisions of this Section shall not apply to the security interests and liens contemplated by Section 7.1 above.
Sample 1
ENCUMBRANCES OR LIENS; NOTICE. Lessee shall not pledge, encumber, create a security interest in, or permit any lien to become effective on any Furniture throughout the Term of this Lease. Lessee shall promptly notify Lessor of any liens, charges, or other encumbrances with respect to the Furniture of which Lessee has knowledge. Lessee shall promptly pay or satisfy any obligation from which any lien or encumbrance arises caused by Lessee, and shall otherwise keep the Furniture and all right, title, and interest free and clear of all liens, charges, and encumbrances caused by Lessee.
Sample 1

Related to ENCUMBRANCES OR LIENS; NOTICE

  • LIENS; ENCUMBRANCES Borrower acknowledges that, to the extent provided in Section 21, the grant, creation or existence of any mortgage, deed of trust, deed to secure debt, security interest or other lien or encumbrance (a "Lien") on the Mortgaged Property (other than the lien of this Instrument) or on certain ownership interests in Borrower, whether voluntary, involuntary or by operation of law, and whether or not such Lien has priority over the lien of this Instrument, is a "Transfer" which constitutes an Event of Default and subjects Borrower to personal liability under the Note.

  • Encumbrance Create, incur, allow, or suffer any Lien on any of its property, or assign or convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries to do so, except for Permitted Liens, permit any Collateral not to be subject to the first priority security interest granted herein, or enter into any agreement, document, instrument or other arrangement (except with or in favor of Bank) with any Person which directly or indirectly prohibits or has the effect of prohibiting Borrower or any Subsidiary from assigning, mortgaging, pledging, granting a security interest in or upon, or encumbering any of Borrower’s or any Subsidiary’s Intellectual Property, except as is otherwise permitted in Section 7.1 hereof and the definition of “Permitted Liens” herein.

  • Liens and Encumbrances The Company shall not directly or indirectly make, create, incur, assume or permit to exist any assignment, transfer, pledge, mortgage, security interest or other lien or encumbrance of any nature in, to or against any part of the Pledged Property or of the Company's capital stock, or offer or agree to do so, or own or acquire or agree to acquire any asset or property of any character subject to any of the foregoing encumbrances (including any conditional sale contract or other title retention agreement), or assign, pledge or in any way transfer or encumber its right to receive any income or other distribution or proceeds from any part of the Pledged Property or the Company's capital stock; or enter into any sale-leaseback financing respecting any part of the Pledged Property as lessee, or cause or assist the inception or continuation of any of the foregoing.

  • Other Liens or Interests Except for the conveyances hereunder, Seller will not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien on the Receivables or the Other Conveyed Property or any interest therein, and Seller shall defend the right, title, and interest of Purchaser and the Issuer in and to the Receivables and the Other Conveyed Property against all claims of third parties claiming through or under Seller.

  • Permitted Encumbrances The term “Permitted Encumbrances” shall mean:

  • No Liens or Encumbrances Company's title to and ownership of Company-Owned Interconnection Facilities that were designed and constructed by Seller and/or its Contractors shall be free and clear of liens and encumbrances.

  • Permitted Liens Create or suffer to exist any Lien upon any of its Property, except the following (collectively, “Permitted Liens”):

  • Taxes; Encumbrances At its option, the Collateral Agent may discharge past due taxes, assessments, charges, fees, Liens, security interests or other encumbrances at any time levied or placed on the Collateral and not permitted pursuant to Section 6.02 of the Credit Agreement, and may pay for the maintenance and preservation of the Collateral to the extent any Grantor fails to do so as required by the Credit Agreement or this Agreement, and each Grantor jointly and severally agrees to reimburse the Collateral Agent on demand for any payment made or any expense incurred by the Collateral Agent pursuant to the foregoing authorization; provided, however, that nothing in this Section 4.06 shall be interpreted as excusing any Grantor from the performance of, or imposing any obligation on the Collateral Agent or any Secured Party to cure or perform, any covenants or other promises of any Grantor with respect to taxes, assessments, charges, fees, liens, security interests or other encumbrances and maintenance as set forth herein or in the other Loan Documents.

  • No Sale/Encumbrance Neither Borrower nor any Restricted Party shall Transfer the Property or any part thereof or any interest therein or permit or suffer the Property or any part thereof or any interest therein to be Transferred other than as expressly permitted pursuant to the terms of the Loan Agreement.

  • Similar Liens and Agreements The parties hereto agree that it is their intention that the First Lien Collateral and the Second Lien Collateral be identical. In furtherance of the foregoing and of Section 8.9, the parties hereto agree, subject to the other provisions of this Agreement:

Time is Money Join Law Insider Premium to draft better contracts faster.