Financings and Encumbrances. (a) During the Delivery Period, except for Permitted Indebtedness, no PSA Entity shall incur or enter into any Indebtedness. (b) Except as provided in this Article 8, no PSA Entity shall grant or allow to exist an Encumbrance, other than the Permitted Encumbrances, in respect of, all or any of the PSA Collateral, in favour of any other person.
Appears in 6 contracts
Samples: Gold Purchase and Sale Agreement (Banro Corp), Gold Purchase and Sale Agreement (Banro Corp), Gold Purchase and Sale Agreement (Banro Corp)
Financings and Encumbrances. (a) During the Delivery PeriodTerm, except for Permitted Indebtedness, no PSA Entity shall incur or enter into any Indebtedness.
(b) Except as provided in this Article 89, no PSA Entity shall grant or allow to exist an Encumbrance, other than the Permitted Encumbrances, in respect of, all or any of the PSA Collateral, in favour of any other person.
Appears in 4 contracts
Samples: Gold Purchase and Sale Agreement (Banro Corp), Support Agreement (Banro Corp), Gold Purchase and Sale Agreement (Banro Corp)
