Common use of EQUITABLE LIEN IN FAVOR OF LENDER Clause in Contracts

EQUITABLE LIEN IN FAVOR OF LENDER. If Company or any of its Subsidiaries shall create or assume any Lien upon any of its properties or assets, whether now owned or hereafter acquired, other than Liens excepted by the provisions of subsection 6.2A, it shall make or cause to be made effective provision whereby the Obligations will be secured by such Lien equally and ratably with any and all other Indebtedness secured thereby as long as any such Indebtedness shall be so secured; provided that, notwithstanding the foregoing, this covenant shall not be construed as a consent by Requisite Lenders to the creation or assumption of any such Lien not permitted by the provisions of subsection 6.2A.

Appears in 1 contract

Samples: Credit Agreement (James Cable Finance Corp)

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EQUITABLE LIEN IN FAVOR OF LENDER. If Company Borrower or any of its Borrower's Subsidiaries shall create or assume any Lien upon any of its properties or assets, whether now owned or hereafter acquired, other than Liens excepted by the provisions of subsection 6.2A6.2(a), it shall make or cause to be made effective provision whereby the Obligations will be secured by such Lien equally and ratably with any and all other Indebtedness secured thereby as long as any such Indebtedness shall be so secured; provided provided, that, notwithstanding the foregoing, this covenant shall not be construed as a consent by Requisite Lenders Lender to the creation or assumption of any such Lien not permitted by the provisions of subsection 6.2A.6.2(a).

Appears in 1 contract

Samples: Credit Agreement (Viasource Communications Inc)

EQUITABLE LIEN IN FAVOR OF LENDER. If Company Borrower or any of its Subsidiaries shall create or assume any Lien upon any of its properties or assets, whether now owned or hereafter acquired, other than Liens excepted by the provisions of subsection 6.2ASection 7.3(a), it shall make or cause to be made effective provision whereby the Obligations will be secured by such Lien equally and ratably with any and all other Indebtedness secured thereby as long as any such Indebtedness shall be so secured; provided that, notwithstanding the foregoing, this covenant shall not be construed as a consent by Requisite Lenders Lender to the creation or assumption of any such Lien not permitted by the provisions of subsection 6.2A.Section 7.3(a).

Appears in 1 contract

Samples: Loan Agreement (Aureal Semiconductor Inc)

EQUITABLE LIEN IN FAVOR OF LENDER. If Company any Borrower or any of its Subsidiaries shall create or assume any Lien upon any of its properties or assets, whether now owned or hereafter acquired, other than Liens excepted by the provisions of subsection 6.2A7.2A, it shall make or cause to be made effective provision whereby the Obligations will be secured by such Lien equally and ratably with any and all other Indebtedness secured thereby as long as any such Indebtedness shall be so secured; provided that, notwithstanding the foregoing, this covenant shall not be construed as a consent by Requisite Lenders Lender to the creation or assumption of any such Lien not permitted by the provisions of subsection 6.2A.7.2A.

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (Fruehauf Trailer Corp)

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EQUITABLE LIEN IN FAVOR OF LENDER. If Company Borrower or any of its Subsidiaries shall create or assume any Lien upon any of its properties or assets, whether now owned or hereafter acquired, other than Liens excepted by the provisions of subsection 6.2A6.2(a), it shall make or cause to be made effective provision whereby the Obligations will be secured by such Lien equally and ratably with any and all other Indebtedness secured thereby as long as any such Indebtedness shall be so secured; provided PROVIDED that, notwithstanding the foregoing, this covenant shall not be construed as a consent by Requisite Lenders Lender to the creation or assumption of any such Lien not permitted by the provisions of subsection 6.2A.6.2(a).

Appears in 1 contract

Samples: Credit Agreement (Vista Information Solutions Inc)

EQUITABLE LIEN IN FAVOR OF LENDER. If Company Borrowers or any of its Subsidiaries their Subsidiaries, shall create or assume any Lien upon any of its properties or assets, whether now owned or hereafter acquired, other than Liens excepted by the provisions of subsection 6.2A, it they shall make or cause to be made effective provision whereby the Obligations will be secured by such Lien equally and ratably with any and all other Indebtedness secured thereby as long as any such Indebtedness shall be so secured; provided that, notwithstanding the foregoing, this covenant shall not be construed as a consent by Requisite Lenders Lender to the creation or assumption of any such Lien not permitted by the provisions of subsection 6.2A.

Appears in 1 contract

Samples: Credit Agreement (Grand Canal Shops Mall Construction LLC)

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