Incurrence of Liens. So long as any Debentures are outstanding, Parent and the Company shall not, directly or indirectly, allow or suffer to exist any Lien, other than Permitted Liens (as defined in the Debentures), upon any property or assets (including accounts and contract rights) owned by Parent and the Company.
Appears in 4 contracts
Samples: Securities Purchase Agreement (Guardian 8 Holdings), Securities Purchase Agreement (Guardian 8 Holdings), Securities Purchase Agreement (PRB Energy, Inc.)
Incurrence of Liens. So long as any Debentures are the Amended and Restated Debenture is outstanding, Parent and the Company shall not, directly or indirectly, allow or suffer to exist any Lien, other than Permitted Liens (as defined in the DebenturesAmended and Restated Debenture), upon any property or assets (including accounts and contract rights) owned by Parent and the Company.
Appears in 1 contract
Samples: Limited Waiver, Consent, and Modification Agreement (Black Raven Energy, Inc.)
