Indebtedness and Encumbrances Sample Clauses

Indebtedness and Encumbrances. (a) Save as permitted under this Agreement, neither it nor any member of the Bank Group has incurred any Financial Indebtedness which is outstanding.
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Indebtedness and Encumbrances. Except for the Indebtedness under the Poseidon Loan Documents and the Poseidon Liens or as set forth on Schedule 4(q), (i) there is no Indebtedness and (ii) there are no borrowings, loan agreements, promissory notes, pledges, mortgages, guaranties, capital leases or other similar Obligations (direct or indirect) that are secured by or constitute an Encumbrance on the Acquired Equity Interests or any Business Asset.
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Indebtedness and Encumbrances. Other than in the ordinary course of business consistent with past practices, incur any Indebtedness or voluntarily incur any Encumbrance on any assets or properties of the Subsidiary.
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Indebtedness and Encumbrances. In the case of TCN only, other than in the case of paragraph (c):
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Indebtedness and Encumbrances. Company Disclosure Schedule 4.09 sets forth a list of all material Indebtedness owed by the Company (not including trade credit and amounts incurred in the ordinary course of business that are not overdue) as at the date hereof and updated through the Closing Date. Such Company Disclosure Schedule 4.09 shall include the name(s) of each creditor, the amount of Indebtedness owed and the maturity date of such Indebtedness. Except as set forth on Company Disclosure Schedule 4.09, no event of default by the Company or event, which with the giving of notice, the passage of time or both, would constitute an event of default by the Company in respect of such Indebtedness, has occurred and is continuing. Except for the Lien on the assets of the Company held by Skyview Capital under the terms of the Skyview Capital Note and Security Agreement executed by the Company, as debtor, in favor of Skyview Capital, there are no other material Encumbrances on the Assets of the Company, except for Permitted Encumbrances.
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Indebtedness and Encumbrances. Except as set forth in the Financial Statements, no Group Company has any Indebtedness nor any secured creditors holding fixed or floating Encumbrances, other than (x) Indebtedness receivable or payable solely between or among the Group Companies and (y) accounts receivable and payable incurred in the ordinary course of business consistent with past practice. No Group Company is in violation of any term or provision of any Indebtedness or Encumbrances by which it is bound. No Group Company has taken any steps to seek protection pursuant to any bankruptcy Law, nor does the Company have any Knowledge or reason to believe that its creditors intend to initiate involuntary bankruptcy proceedings or any Knowledge of any fact which would reasonably lead a creditor to do so.
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Indebtedness and Encumbrances. (a) Save as permitted under Clause 22.3 (Financial Indebtedness) and excluding any other Indebtedness to be discharged in accordance with Clause 4.1(e)(i) (Conditions to Drawdown) (but including any such Indebtedness not discharged in accordance with such Clause), neither it nor any member of the Group has incurred any Indebtedness.
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Indebtedness and Encumbrances. (a) The Seller shall not (and if any, the Seller Guarantors shall not, and the Seller shall ensure that the Seller Guarantors shall not) incur or assume or become liable for, or permit any other Seller Group Entity to incur or assume or become liable for, any Indebtedness, except for Permitted Indebtedness.
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Indebtedness and Encumbrances. (a) The Target Group has no outstanding borrowings or financial indebtedness and has not agreed to incur any such borrowings or financial indebtedness in the future.
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Related to Indebtedness and Encumbrances

  • Indebtedness and Liens (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.

  • Liens and Encumbrances The Company shall not directly or indirectly make, create, incur, assume or permit to exist any assignment, transfer, pledge, mortgage, security interest or other lien or encumbrance of any nature in, to or against any part of the Pledged Property or of the Company's capital stock, or offer or agree to do so, or own or acquire or agree to acquire any asset or property of any character subject to any of the foregoing encumbrances (including any conditional sale contract or other title retention agreement), or assign, pledge or in any way transfer or encumber its right to receive any income or other distribution or proceeds from any part of the Pledged Property or the Company's capital stock; or enter into any sale-leaseback financing respecting any part of the Pledged Property as lessee, or cause or assist the inception or continuation of any of the foregoing.

  • Permitted Encumbrances The term “Permitted Encumbrances” shall mean:

  • Indebtedness; Liens The Borrower shall not create, incur, assume or suffer to exist any Indebtedness other than the Obligations. The Borrower shall not create, incur or permit to exist any Lien in or on any of the Collateral subject to the Lien granted by the Borrower pursuant to this Agreement, other than Permitted Liens.

  • Restrictions on Liens and Encumbrances Except for the lien of this Mortgage and the Permitted Exceptions, Mortgagor shall not further mortgage, nor otherwise encumber the Mortgaged Property nor create or suffer to exist any lien, charge or encumbrance on the Mortgaged Property, or any part thereof, whether superior or subordinate to the lien of this Mortgage and whether recourse or non-recourse.

  • Indebtedness and Guaranties Incur any indebtedness for borrowed money other than in the ordinary course of business consistent with past practice with a term not in excess of one year; or incur, assume or become subject to, whether directly or by way of any guarantee or otherwise, any obligations or liabilities (absolute, accrued, contingent or otherwise) of any other person or entity, other than the issuance of letters of credit in the ordinary course of business and in accordance with the restrictions set forth in Section 5.2(r).

  • LIENS; ENCUMBRANCES Borrower acknowledges that, to the extent provided in Section 21, the grant, creation or existence of any mortgage, deed of trust, deed to secure debt, security interest or other lien or encumbrance (a "Lien") on the Mortgaged Property (other than the lien of this Instrument) or on certain ownership interests in Borrower, whether voluntary, involuntary or by operation of law, and whether or not such Lien has priority over the lien of this Instrument, is a "Transfer" which constitutes an Event of Default and subjects Borrower to personal liability under the Note.

  • Permitted Liens Create or suffer to exist any Lien upon any of its Property, except the following (collectively, “Permitted Liens”):

  • Title to Properties; Liens and Encumbrances The Company has good and marketable title to all of its material properties and assets, both real and personal, and has good title to all its leasehold interests, in each case subject only to mortgages, pledges, liens, security interests, conditional sale agreements, encumbrances or charges created in the ordinary course of business.

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