Common use of Incurrence of Liens Clause in Contracts

Incurrence of Liens. So long as any Notes are outstanding, the Company shall not, directly or indirectly, allow or suffer to exist any Lien, other than Permitted Liens (as defined in the Notes), upon any property or assets (including accounts and contract rights) owned by the Company.

Appears in 8 contracts

Samples: Securities Purchase Agreement (PNG Ventures Inc), Securities Purchase Agreement (Driftwood Ventures, Inc.), Securities Purchase Agreement (Microvision Inc)

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Incurrence of Liens. So long as any Notes are outstanding, the Company shall not, directly or indirectly, allow or suffer to exist any Lien, other than Permitted Liens (pursuant to or as defined in permitted by the Notes)Security Documents, upon any property or assets (including accounts and contract rights) owned by the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Commtouch Software LTD)

Incurrence of Liens. So long as any Notes are outstanding, the Company shall not, directly or indirectly, allow or suffer to exist any Lien, other than Permitted Liens (as defined in the Notes), upon any property or assets (including accounts and contract rights) owned by the CompanyCompany except as may be created by memoranda of Joint Operating Agreements.

Appears in 1 contract

Samples: Securities Purchase Agreement (Touchstone Resources Usa, Inc.)

Incurrence of Liens. So long as any Notes are outstanding, the Company shall not, directly or indirectly, allow or suffer to exist any LienLien (other than in connection with the February Notes), other than Permitted Liens (as defined in the Notes), upon any property or assets (including accounts and contract rights) owned by the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Supergen Inc)

Incurrence of Liens. So long as any the Promissory Notes are outstanding, the Company shall not, directly or indirectly, allow or suffer to exist any Lien, other than Permitted Liens (as defined in the NotesPromissory Note), upon any property or assets (including accounts and contract rights) owned by the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Tribeworks Inc)

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Incurrence of Liens. So Except in accordance with the applicable provisions of the Notes, so long as any Notes are outstanding, the Company shall not, directly or indirectly, allow or suffer to exist any Lien, other than Permitted Liens (as defined in the NotesNote), upon any property or assets (including accounts and contract rights) owned by the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Corvis Corp)

Incurrence of Liens. So Except as permitted under the Notes, so long as any Notes are outstanding, the Company shall not, directly or indirectly, allow or suffer to exist any Lien, other than Permitted Liens (as defined in the Notes), Lien upon any property or assets (including accounts and contract rights) owned by the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Novavax Inc)

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