Common use of Indebtedness and Liens Clause in Contracts

Indebtedness and Liens. 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, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to Xxxxxx.

Appears in 34 contracts

Samples: Business Loan Agreement (Asset Based) (Ocean Bio Chem Inc), Business Loan Agreement (Lodging Fund REIT III, Inc.), Business Loan Agreement (Electromed, Inc.)

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Indebtedness and Liens. 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, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s 's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s 's accounts, except to Xxxxxx.

Appears in 24 contracts

Samples: Business Loan Agreement (Addvantage Technologies Group Inc), Business Loan Agreement (Gaia, Inc), Business Loan Agreement (IMH Financial Corp)

Indebtedness and Liens. 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, (2b) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens)'s assets, or (3c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 19 contracts

Samples: Loan Agreement (Industrial Services of America Inc /Fl), Change in Terms Agreement (Fotoball Usa Inc), Construction Loan Agreement (Consep Inc)

Indebtedness and Liens. 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, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accountsaccounts receivable, except to XxxxxxLender.

Appears in 5 contracts

Samples: Business Loan Agreement (Heritage Global Inc.), Business Loan Agreement (Heritage Global Inc.), Business Loan Agreement (Syra Health Corp)

Indebtedness and Liens. 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, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to XxxxxxLxxxxx.

Appears in 4 contracts

Samples: Business Loan Agreement (Where Food Comes From, Inc.), Business Loan Agreement (United Bancorp Inc /Mi/), Business Loan Agreement (Superior Drilling Products, Inc.)

Indebtedness and Liens. 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, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s 's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLxxxxx.

Appears in 3 contracts

Samples: Business Loan Agreement (Pro Dex Inc), Business Loan Agreement (Reliv International Inc), Business Loan Agreement (Aetrium Inc)

Indebtedness and Liens. 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, (2b) 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 (except as allowed as Permitted Liens)assets, or (3c) sell with recourse any of Borrower’s accounts, except to XxxxxxLender.

Appears in 3 contracts

Samples: Business Loan Agreement (Nutech Digital Inc), Business Loan Agreement (Scanner Technologies Corp), Loan Agreement (Synergetics Usa Inc)

Indebtedness and Liens. 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, (2b) 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 (except as allowed as Permitted Liens)'s assets, or (3c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender. Continuity of Operations.

Appears in 3 contracts

Samples: Business Loan Agreement (Quadrax Corp), Business Loan Agreement (Quadrax Corp), Business Loan Agreement (Web Press Corp)

Indebtedness and Liens. 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, (2b) sellexcept as allowed as a Permitted Lien, self transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens)'s assets, or (3c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 3 contracts

Samples: Business Loan Agreement (Autocorp Equities Inc), Business Loan Agreement (Autocorp Equities Inc), Business Loan Agreement (Autocorp Equities Inc)

Indebtedness and Liens. (i) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreementthe Obligations, create, incur or assume indebtedness for borrowed moneyIndebtedness, including other than capital leases, (2ii) sell, transfer, mortgage, assign, pledge, leaseexcept for Permitted Liens, grant a security interest in, or encumber permit to exist any Lien on any of the Borrower’s assets (except as allowed as Permitted Liens)'s assets, or (3iii) sell with recourse any of the Borrower’s 's accounts, except to Xxxxxxthe Lenders.

Appears in 3 contracts

Samples: Loan Agreement (Cutter & Buck Inc), Loan Agreement (Cutter & Buck Inc), Loan Agreement (Cutter & Buck Inc)

Indebtedness and Liens. 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, in excess of the aggregate amount of $250,000.00 per fiscal year (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to XxxxxxLender.

Appears in 2 contracts

Samples: Business Loan Agreement (Asset Based) (TSS, Inc.), Business Loan Agreement (Asset Based) (TSS, Inc.)

Indebtedness and Liens. (a) Except for indebtedness referred to in Paragraph 2.n hereof and except for trade debt incurred in the normal course of business business, and except for indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2b) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens)property, or (3c) sell with recourse any of Borrower’s accounts, except to Xxxxxx.

Appears in 2 contracts

Samples: Business Loan Agreement, Business Loan Agreement (Basin Water, Inc.)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume additional indebtedness for borrowed money, including capital leases, in excess of the aggregate amount of $100,000.00, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to XxxxxxLender.

Appears in 2 contracts

Samples: Business Loan Agreement (Royal Bodycare Inc/Nv), Business Loan Agreement (Royal Bodycare Inc/Nv)

Indebtedness and Liens. 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, (2) sell, transfer, sell transfer mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s 's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 2 contracts

Samples: Business Loan Agreement (Scotts Liquid Gold Inc), Business Loan Agreement (Scotts Liquid Gold Inc)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness Indebtedness for borrowed money, including Including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s 's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 2 contracts

Samples: Business Loan Agreement (Premier Financial Bancorp Inc), Business Loan Agreement (Premier Financial Bancorp Inc)

Indebtedness and Liens. 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 leasesleases (b) except as allowed as a Permitted Lien, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens)'s assets, or (3c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 2 contracts

Samples: Business Loan Agreement (Back Yard Burgers Inc), Loan Agreement (Orphan Medical Inc)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness Indebtedness for borrowed money, including capital leases, (2b) 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 (except as allowed as Permitted Liens)'s assets, or (3c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 2 contracts

Samples: Business Loan Agreement (Labor Ready Inc), Business Loan Agreement (Stearns & Lehman Inc)

Indebtedness and Liens. 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, leases (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to Xxxxxx.

Appears in 2 contracts

Samples: Business Loan Agreement (Asset Based) (TSS, Inc.), Business Loan Agreement (TSS, Inc.)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness Indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s 's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 2 contracts

Samples: Construction Loan Agreement, Construction Loan Agreement

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, Agreement create, incur or assume indebtedness for borrowed money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to Xxxxxx.

Appears in 2 contracts

Samples: Commercial Pledge Agreement (Laird Superfood, Inc.), Commercial Pledge Agreement (Laird Superfood, Inc.)

Indebtedness and Liens. 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, . (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to Xxxxxx.

Appears in 2 contracts

Samples: Business Loan Agreement (Rancon Realty Fund V), Business Loan Agreement (Asset Based) (Versant Corp)

Indebtedness and Liens. 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, (2b) sellexcept as allowed as a Permitted Lien, sell transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens)'s assets, or (3c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 2 contracts

Samples: Loan Agreement (Bab Holdings Inc), Loan Agreement (Bab Holdings Inc)

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 incur, or assume indebtedness for borrowed money, including capital leases, (2b) 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 (except as allowed as Permitted Liens)assets, or (3c) sell with recourse any of Borrower’s accounts, except to Xxxxxx.

Appears in 2 contracts

Samples: Credit Card Agreement, Visa Business Card Agreement

Indebtedness and Liens. 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, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s 's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts's accounts receivable, except to XxxxxxLender.

Appears in 2 contracts

Samples: Business Loan Agreement (FGI Industries Ltd.), Business Loan Agreement (Lodging Fund REIT III, Inc.)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume additional indebtedness for borrowed money, including capital leases, in excess of the aggregate amount of $500,000,00, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Opnet Technologies Inc)

Indebtedness and Liens. 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, (2) sellleases,(2)sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of BorrowerBorrower ’s assets (except as allowed as Permitted Liens), or (3) sell 3)sell with recourse any of BorrowerBorrower ’s accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Arena Resources Inc)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Loan No: 1095183 Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s 's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Hastings Manufacturing Co)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s 's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s 's accounts, except to Xxxxxx.

Appears in 1 contract

Samples: Business Loan Agreement (Elecsys Corp)

Indebtedness and Liens. (1) 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, or incur any other liabilities, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (CarePayment Technologies, Inc.)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, Agreement create, incur or assume indebtedness for borrowed money, . including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Torotel Inc)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness Indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness Indebtedness for borrowed money, including capital leases, (2b) 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 (except as allowed as Permitted Liens)'s assets, or (3c) sell with recourse any of the Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Ride Inc)

Indebtedness and Liens. 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 borrower money, including capital leases, (2b) 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 (except as allowed as Permitted Liens)'s assets, or (3c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Medi Hut Co Inc)

Indebtedness and Liens. 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, (2) sell, transfer, mortgage, assign, pledge, . lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accountsaccounts receivable, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Clearday, Inc.)

Indebtedness and Liens. 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, (2b) 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 (except as allowed as Permitted Liens)'s assets, or (3c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Loan Agreement (Expresspoint Technology Systems Inc)

Indebtedness and Liens. 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, (2b) sellexcept as allow' ed as a Permitted Lien, self transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens)'s assets, or (3c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Autocorp Equities Inc)

Indebtedness and Liens. Except for trade debt incurred in the .the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens)], or (3) sell with recourse any of Borrower’s accounts, except to Xxxxxx.Lender

Appears in 1 contract

Samples: Business Loan Agreement (Dynamic Health Products Inc)

Indebtedness and Liens. (1) 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, in excess of Seven Million Dollars ($7,000,000.00). (2) 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 (except as allowed as Permitted Liens), or the Collateral. (3) sell Sell with recourse any of Borrower’s accounts's Accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Loan Agreement (Phillips R H Inc)

Indebtedness and Liens. 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, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets ({except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to XxxxxxLxxxxx.

Appears in 1 contract

Samples: Business Loan Agreement (Homeland Energy Solutions LLC)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness Indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2b) 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 (except as allowed as Permitted Liens)'s assets, or (3c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Coda Music Technology Inc)

Indebtedness and Liens. 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, (2b) 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 (except as allowed as Permitted Liens)'s assets, or (3c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender. See Exhibit "A".

Appears in 1 contract

Samples: Loan Agreement (Portland Brewing Co /Or/)

Indebtedness and Liens. 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 moneymoney in excess of $500,000, including capital leases, (2b) 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 (except as allowed as Permitted Liens)Lender's Collateral, or (3c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Loan Agreement (Headwaters Inc)

Indebtedness and Liens. 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 leaseslease, (2b) 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 (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to Xxxxxx.or

Appears in 1 contract

Samples: Loan Agreement (American Xtal Technology)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness Indebtedness for borrowed money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (VCG Holding Corp)

Indebtedness and Liens. 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, (2b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest Interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens)Borrowers assets, or (3c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Astropower Inc)

Indebtedness and Liens. 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, ; (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s 's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Elecsys Corp)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume additional indebtedness for borrowed money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (ComSovereign Holding Corp.)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated contemplted by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, Loan No: 1095183 lease, grant a security interest in, or encumber any of Borrower’s 's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Hastings Manufacturing Co)

Indebtedness and Liens. 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, (2b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest inI, or encumber any of Borrower’s assets (except as allowed as Permitted Liens)'s assets, or (3c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Convertible Loan Principal Agreement (Amphastar Pharmaceuticals, Inc.)

Indebtedness and Liens. 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, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to Xxxxxx.Lender. Loan No: XXXXXXXXXX (Continued) Page 8

Appears in 1 contract

Samples: Business Loan Agreement (Vista Proppants & Logistics Inc.)

Indebtedness and Liens. 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, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s 's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Amexdrug Corp)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness Indebtedness to Lender contemplated by this Agreement, create, create incur or assume indebtedness for borrowed money, including capital leases, (2b) except as allowed as a Permitted Lien, sell, transfer, mortgage, mortgage assign, pledge, lease, grant a security interest inIn, or encumber any of Borrower’s assets (except as allowed as Permitted Liens)'s assets, or (3c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Revolving Line of Credit Agreement (Daw Technologies Inc /Ut)

Indebtedness and Liens. Except for trade debt indebtedness incurred in the ordinary normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted LiensLiens and except in the ordinary course of business), or (3) sell with recourse any of Borrower’s accounts, except to Xxxxxxaccounts outside the ordinary course of business.

Appears in 1 contract

Samples: Business Loan Agreement (Champion Industries Inc)

Indebtedness and Liens. Except for trade debt incurred Incurred in the normal course of business and indebtedness Indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest inInterest In, or encumber any of Borrower’s assets (except as allowed as Permitted Liens)'s assets, or (3c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender. Continuity of Operations.

Appears in 1 contract

Samples: Business Loan Agreement (Hadron Inc)

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, (2b) 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 (except as allowed as Permitted Liens)'s assets, or (3( c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Capitol Communities Corp)

Indebtedness and Liens. 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, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Wayside Technology Group, Inc.)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness Indebtedness for borrowed money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to Xxxxxx.

Appears in 1 contract

Samples: Business Loan Agreement (VCG Holding Corp)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, Agreement create, incur or assume indebtedness for borrowed money, including capital leases, (2b) 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 (except as allowed as Permitted Liens)'s assets, or (3c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Loan Agreement (Magnavision Corporation)

Indebtedness and Liens. Except for Permitted Liens and 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, or (2b) 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 (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to Xxxxxxassets.

Appears in 1 contract

Samples: Business Loan Agreement (Exactech Inc)

Indebtedness and Liens. 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, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s 's assets (except as contemplated by the Merger Agreement or allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLxxxxx.

Appears in 1 contract

Samples: Business Loan Agreement (Janel Corp)

Indebtedness and Liens. 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, (2b) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens)assets, or (3c) sell with recourse any of Borrower’s accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Change in Terms Agreement (Heritage Oaks Bancorp)

Indebtedness and Liens. 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 moneymoney in excess of $250,000.00, including capital leases, (2b) 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 (except as allowed as Permitted Liens)Lender's collateral, or (3c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Covol Technologies Inc)

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Indebtedness and Liens. 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 borrower money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s 's assets included in collateral (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s , accounts, except to XxxxxxLender. The Borrower may sell assets in the normal course of business.

Appears in 1 contract

Samples: Business Loan Agreement (Dewey Electronics Corp)

Indebtedness and Liens. 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, . (2) sell, transfer, mortgage, assign, . pledge, lease, grant a security interest Interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Prospect Acquisition Corp)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this the Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2b) sellexcept as allowed as a Permitted Lien, so transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens)'s assets, or (3c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Embedded Support Tools Corp)

Indebtedness and Liens. Except for trade debt incurred 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, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest Interest in, or encumber any of Borrower’s 's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts's accounts receivable, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Elevate.Money REIT I, Inc.)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, Agreement create, incur or assume indebtedness for borrowed money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Torotel Inc)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, createcreat, incur or assume indebtedness for borrowed money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to Xxxxxx.

Appears in 1 contract

Samples: Business Loan Agreement (Ocean Bio Chem Inc)

Indebtedness and Liens. 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, (2b) sellexcept as allowed as a Permitted Lien, sale, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens)'s assets, or (3c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Loan Agreement (R B Rubber Products Inc)

Indebtedness and Liens. 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, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s 's assets (except as allowed as Permitted Liens), ) or (3) sell with ________________________ recourse any of Borrower’s 's accounts, except to Xxxxxxexxxxx xx Lender .

Appears in 1 contract

Samples: Business Loan Agreement (Category 5 Technologies Inc)

Indebtedness and Liens. 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, (2b) sellexcept as allowed as a Permitted Lien, self transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens)'s assets, or (3c) sell with recourse any of Borrower’s 's accounts, except to Xxxxxx.Lender,

Appears in 1 contract

Samples: Business Loan Agreement (Autocorp Equities Inc)

Indebtedness and Liens. 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 wed money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber enccumber any of Borrower’s 's assets (except as allowed as Permitted Lienspermitted liens),, or (3) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Chicago Pizza & Brewery Inc)

Indebtedness and Liens. 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, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s 's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s Borrowers accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Promissory Note (Suncrest Global Energy Corp)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender Holder contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, or (2b) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, in or encumber any of BorrowerMaker’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of BorrowerCo-Maker’s accounts, except to Xxxxxx.assets;

Appears in 1 contract

Samples: Promissory Note Amendment (Microhelix Inc)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume additional indebtedness for borrowed money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any in excess of Borrower’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any the aggregate amount of Borrower’s accounts, except to Xxxxxx$100,000.00.

Appears in 1 contract

Samples: Business Loan Agreement (RBC Life Sciences, Inc.)

Indebtedness and Liens. 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, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s Borrowers assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s 's accounts, except to Xxxxxx.

Appears in 1 contract

Samples: Business Loan Agreement (Siena Technologies, Inc.)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness Indebtedness to Lender contemplated by this Agreement, Agreement create, incur or assume indebtedness for borrowed money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest Security Interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Sports Field Holdings, Inc.)

Indebtedness and Liens. 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, or (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s 's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to Xxxxxx.

Appears in 1 contract

Samples: Construction Loan Agreement

Indebtedness and Liens. 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, (2b) 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 (except as allowed as Permitted Liens)'s assets, or which are collateral for the loan, (3c) sell with recourse any of Borrower’s 's accounts, except to Xxxxxx.

Appears in 1 contract

Samples: Business Loan Agreement (Analytical Surveys Inc)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume additional indebtedness for borrowed money, including capital leases, in excess of the aggregate amount of $250,000.00, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s 's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Tandy Leather Factory Inc)

Indebtedness and Liens. 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, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s Borrower 's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s 's accounts, except to XxxxxxXxxxxx .

Appears in 1 contract

Samples: Business Loan Agreement (Lodging Fund REIT III, Inc.)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness Indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Greenwood Hall, Inc.)

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, (2b) sellexcept as allowed as a Permitted Lien, se!l, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens)'s assets, or (3c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Capitol First Corp)

Indebtedness and Liens. 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, (2b) 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 (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to Xxxxxx's assets.

Appears in 1 contract

Samples: Commercial Security Agreement (Obsidian Enterprises Inc)

Indebtedness and Liens. Except for the trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this the Agreement, create, incur or assume assure indebtedness for borrowed money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s 's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Asa International LTD)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur incur, or assume indebtedness for borrowed money, including capital leaseseases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s 's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Champion Industries Inc)

Indebtedness and Liens. 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, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or further encumber any of Borrower’s assets without prior consent of Lender (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to Xxxxxx.

Appears in 1 contract

Samples: Business Loan Agreement (Utek Corp)

Indebtedness and Liens. 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, (2b) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens)borrowers assets, or (3c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender .

Appears in 1 contract

Samples: Business Loan Agreement (Personal Computer Products Inc)

Indebtedness and Liens. 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, (2) 21 sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s 's assets (except as allowed as Permitted Liens), or (3) 31 sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Charge Enterprises, Inc.)

Indebtedness and Liens. 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, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s 's assets (except as allowed as Permitted LiensLiens and except in the ordinary course of business), or (3) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Egames Inc)

Indebtedness and Liens. Except 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, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets 's Assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (GFS Acquisition Co Inc)

Indebtedness and Liens. 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 Including capital leases, (2b) 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 (except as allowed as Permitted Liens)'s assets, or (3c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Applied Microsystems Corp /Wa/)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, Agreement create, incur or assume indebtedness for borrowed money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, assign pledge lease, grant a security interest in, in or encumber any of Borrower’s Borrowers assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Pacifichealth Laboratories Inc)

Indebtedness and Liens. 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, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest inIn, or encumber any of Borrower’s 's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Amexdrug Corp)

Indebtedness and Liens. 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, leases (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (TSS, Inc.)

Indebtedness and Liens. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur incur, or assume indebtedness for borrowed money, including capital leases, (2b) 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 (except as allowed as Permitted Liens)'s assets, or (3c) sell with recourse any of Borrower’s accounts's account, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (NTS Properties Vi/Md)

Indebtedness and Liens. 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, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s 's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s 's accounts, except to Xxxxxx.Lender

Appears in 1 contract

Samples: Change in Terms Agreement (Phone1globalwide Inc)

Indebtedness and Liens. 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, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s 's assets (except as allowed as Permitted Liens), or (3) sell with without recourse any of Borrower’s 's accounts, except to Xxxxxx.

Appears in 1 contract

Samples: Business Loan Agreement (Black Mountain Holdings, Inc.)

Indebtedness and Liens. 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 leasesteases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower’s accounts, except to Xxxxxx.

Appears in 1 contract

Samples: Business Loan Agreement (Lodging Fund REIT III, Inc.)

Indebtedness and Liens. Except for trade debt incurred in in, the normal course of business business/(T) and indebtedness Indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases(b) except/(D) allowed as a Permitted Lien, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens)'s assets, or (3c) sell with recourse any of Borrower’s 's accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Fresh Enterprises Inc)

Indebtedness and Liens. 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 bor rowed money, including capital leases, (2) sell, transfertransfer , mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower’s assets (except as allowed as Permitted Liens)) , or (3) sell with recourse any of BorrowerBor rower’s accounts, except to XxxxxxLender.

Appears in 1 contract

Samples: Business Loan Agreement (Shells Seafood Restaurants Inc)

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