Common use of Encumbrances Clause in Contracts

Encumbrances. Create, incur, assume or suffer to exist any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens. Agree with any Person other than Bank not to grant a security interest in, or otherwise encumber, any of its property, or permit any Subsidiary to do so.

Appears in 20 contracts

Samples: Loan and Security Agreement (Scientific Learning Corp), Loan and Security Agreement (Focus Enhancements Inc), Loan and Security Agreement (Bridgepoint Education Inc)

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Encumbrances. Create, incur, assume or suffer to exist any Lien with respect to any of its propertyproperty (including without limitation, its Intellectual Property Collateral), or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to dodo so, except for Permitted Liens. Agree , or agree with any Person other than Bank not to grant a security interest in, or otherwise encumber, any of its propertyproperty (including without limitation, its Intellectual Property Collateral), or permit any Subsidiary to do so.

Appears in 15 contracts

Samples: Loan and Security Agreement (Streamline Health Solutions Inc.), Loan and Security Agreement (iSpecimen Inc.), Loan and Security Agreement (ThredUp Inc.)

Encumbrances. Create, incur, assume or suffer to exist any Lien with respect to any of its property, including its intellectual property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens. Agree with any Person other than Bank not to grant a security interest in, or otherwise encumber, any of its property, or permit any Subsidiary to do so.

Appears in 4 contracts

Samples: Loan and Security Agreement (Silicon Image Inc), Loan Agreement (Nexsan Corp), Loan and Security Agreement (Genaissance Pharmaceuticals Inc)

Encumbrances. Create, incur, assume or suffer to exist any Lien with respect to any of its propertyproperty (including without limitation, its Intellectual Property), or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to dodo so, except for Permitted Liens. Agree , or agree with any Person other than Bank not to grant a security interest in, or otherwise encumber, any of its propertyproperty (including without limitation, its Intellectual Property), or permit any Subsidiary to do so, except for Permitted Liens.

Appears in 3 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Everbridge, Inc.), Loan and Security Agreement (Everbridge, Inc.)

Encumbrances. Create, incur, assume or suffer to exist any Lien with respect to any of its propertyproperty (including without limitation, or assign or otherwise convey any right to receive income, including the sale of any Accountsits Intellectual Property), or permit any of its Subsidiaries so to dodo so, except in each case for Permitted Liens. Agree , or agree with any Person other than Bank not to grant a security interest in, or otherwise encumber, any of its propertyproperty (including without limitation, its Intellectual Property), or permit any Subsidiary to do so, in each case other than Permitted Restrictions.

Appears in 2 contracts

Samples: Loan and Security Agreement (Silk Road Medical Inc), Loan and Security Agreement (Silk Road Medical Inc)

Encumbrances. Create, incur, assume or suffer to exist any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens. Agree Borrower will not enter into any agreement with any Person other than Bank not to grant a security interest in, that prohibits or otherwise encumber, restricts Borrower from encumbering any of its property, property other than restrictions in equipment leases or permit any Subsidiary to do soequipment financing documents on Liens on the specific equipment being leased or financed.

Appears in 2 contracts

Samples: Loan and Security Agreement (Wj Communications Inc), Loan and Security Agreement (Therma Wave Inc)

Encumbrances. Create, incur, assume or suffer to exist any Lien with respect to any of its property, including its intellectual property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens. Agree with any Person other than Bank not to grant a security interest in, or otherwise encumber, any of its property, including its intellectual property, or permit any Subsidiary to do so.

Appears in 2 contracts

Samples: Loan Agreement (Tripath Technology Inc), Loan and Security Agreement (Crystal Decisions Inc)

Encumbrances. Create, incur, assume or suffer to exist any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens. Agree Other than in the PAMCO Agreement, agree with any Person other than Bank not to grant a security interest in, or otherwise encumber, any of its property, or permit any Subsidiary to do so.

Appears in 2 contracts

Samples: Loan and Security Agreement (Traffic.com, Inc.), Loan and Security Agreement (Traffic.com, Inc.)

Encumbrances. Create, incur, assume or suffer to exist any Lien with respect to any of its propertyproperty (including without limitation, its Intellectual Property) or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to dodo so, in each case, except for Permitted Liens. Agree , or agree with any Person other than Bank not to grant a security interest in, or otherwise encumber, any of its propertyproperty (including without limitation, its Intellectual Property), or permit any Subsidiary to do so.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cytosorbents Corp), Loan and Security Agreement (Cytosorbents Corp)

Encumbrances. Create, incur, assume or suffer to exist any Lien ------------ with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens. Agree with any Person other than Bank not to grant a security interest in, or otherwise encumber, any of its property, or permit any Subsidiary to do so.

Appears in 2 contracts

Samples: Loan Agreement (Logicvision Inc), Loan and Security Agreement (Logicvision Inc)

Encumbrances. Create, incur, assume or suffer to exist any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of sell any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens. Agree , or agree with any Person other than Bank not to grant a security interest in, or otherwise encumber, any of its property, or permit any Subsidiary to do so.

Appears in 2 contracts

Samples: Loan and Security Agreement (Sonic Solutions/Ca/), Third Party Security Agreement (Sonic Solutions/Ca/)

Encumbrances. Create, incur, assume or suffer to exist any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accountsaccounts, or permit any of its Subsidiaries so to do, except for Permitted Liens. Agree with any Person other than Bank or any creditor as permitted under this Agreement, not to grant a security interest in, or otherwise encumber, any of its property, or permit any Subsidiary to do so, except for Permitted Liens.

Appears in 2 contracts

Samples: Loan Agreement (Safeguard Scientifics Inc), Loan Agreement (Clarient, Inc)

Encumbrances. Create, incur, assume or suffer to exist any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens. Agree with any Person other than Bank not to grant a security interest in, or otherwise encumber, any of its property, or permit any Subsidiary to do soso (other than in connection with Permitted Liens).

Appears in 1 contract

Samples: Loan and Security Agreement (Tippingpoint Technologies Inc)

Encumbrances. Create, incur, assume or suffer to exist any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to dodo so, except for Permitted Liens. Agree , or enter into any agreement with any Person other than Bank Lender not to grant a security interest in, or otherwise encumber, any of its property, or permit any Subsidiary to do so; provided that Borrower may grant purchase money security interests on equipment purchased or lased in the ordinary course of its business.

Appears in 1 contract

Samples: Convertible Loan and Security Agreement (Vuzix Corp)

Encumbrances. Create, incur, assume or suffer to exist any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accountsaccounts, or permit any of its Subsidiaries so to do, except for Permitted Liens. Agree with any Person other than Bank not to grant a security interest in, or otherwise encumber, any of its property, or permit any Subsidiary to do so, except for Permitted Liens.

Appears in 1 contract

Samples: Loan Agreement (Chromavision Medical Systems Inc)

Encumbrances. Create, incur, assume or suffer to exist any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens. Agree , or enter into any agreement with any Person (other than Bank or Horizon Technology Finance Corporation) not to grant a security interest in, or otherwise encumber, any of its property, or permit any Subsidiary to do so.

Appears in 1 contract

Samples: Loan and Security Agreement (Catasys, Inc.)

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Encumbrances. Create, incur, assume or suffer to exist any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, ; including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for far Permitted Liens. Agree with any Person other than Bank not to grant a security interest in, or otherwise encumber, any of its property, or permit any Subsidiary to do so.

Appears in 1 contract

Samples: Loan and Security Agreement (Quovadx Inc)

Encumbrances. Create, incur, assume or suffer to exist any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens. Agree with any Person other than Bank not to grant a security interest in, or otherwise encumber, any without the prior written consent of its property, or permit any Subsidiary to do sothe Bank.

Appears in 1 contract

Samples: Loan and Security Agreement (Hybridon Inc)

Encumbrances. Create, incur, assume or suffer to exist any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to dodo so, except for Permitted Liens. Agree Except for agreements evidencing or relating to Permitted Liens, agree with any Person other than Bank not to grant a security interest in, or otherwise encumber, any of its property, or permit any Subsidiary to do so.

Appears in 1 contract

Samples: Loan and Security Agreement (Bladelogic Inc)

Encumbrances. Create, incur, assume assume, or suffer to exist any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens. Agree Liens or agree with any Person other than Bank Roran not to grant a security interest in, or otherwise encumber, any of its property, or permit any Subsidiary to do so.

Appears in 1 contract

Samples: Convertible Loan Agreement (Waterside Capital Corp)

Encumbrances. Create, incur, assume or suffer to exist any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to dodo so, except for Permitted Liens. Agree with any Person other than Bank not to grant a security interest in, or otherwise encumber, any of its property, or permit any Subsidiary to do so.

Appears in 1 contract

Samples: Loan and Security Agreement (Ditech Communications Corp)

Encumbrances. Create, incur, assume or suffer to exist any Lien with respect to any of its property, including its intellectual property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens. Except as disclosed on the Schedule, Agree with any Person other than Bank not to grant a security interest in, or otherwise encumber, any of its property, or permit any Subsidiary to do so.

Appears in 1 contract

Samples: Loan Agreement (Reliant Technologies Inc)

Encumbrances. Create, incur, assume or suffer to exist any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens. Agree with any Person other than Bank not to grant a security interest in, or otherwise encumber, any of its propertyIntellectual Property, or permit any Subsidiary to do so.. 7.6

Appears in 1 contract

Samples: Loan Agreement (Scientific Learning Corp)

Encumbrances. Create, incur, assume or suffer to exist any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens. Agree , or enter into any agreement with any Person other than Bank not to grant a security interest in, Agent that prohibits or otherwise encumber, restricts Borrower from encumbering any of its property, property other than restrictions in equipment leases or permit any Subsidiary to do soequipment financing documents on Liens on the specific equipment being leased or financed.

Appears in 1 contract

Samples: Loan and Security Agreement (Raptor Networks Technology Inc)

Encumbrances. Create, incur, assume or suffer to exist any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any AccountsAccounts (other than delinquent Accounts in the ordinary course of business), or permit any of its Subsidiaries so to do, except for Permitted Liens. Agree with any Person other than Bank not to grant a security interest in, or otherwise encumber, any of its property, or permit any Subsidiary to do so.

Appears in 1 contract

Samples: Loan Agreement (Cymer Inc)

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