Common use of Further Encumbrance of Chattels Clause in Contracts

Further Encumbrance of Chattels. Create nor permit any lien, security interest or encumbrance against the Chattels, Intangible Personalty or other Collateral or any part thereof or interest therein, other than the liens and security interests created by the Loan Documents, without the prior written consent of Lender, which may be withheld for any reason.

Further Encumbrance of Chattels. Create nor permit any lien, security interest or encumbrance against the Chattels, Intangible Personalty or other Collateral or any part thereof or interest therein, other than the liens and security interests created by the Loan Documents, the Permitted Encumbrances and the Permitted Indebtedness, without the prior written consent of Lender, which consent may be granted or withheld for any reason.in the sole discretion of Lender