Liens and Encumbrances. Borrower shall not: (i) execute a negative pledge agreement with any Person covering any of its Property, or (ii) cause or permit or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), its Property (including, without limitation, the Collateral), whether now owned or hereafter acquired, to be subject to a Lien or be subject to any claim except for Permitted Liens.
Appears in 7 contracts
Samples: Loan and Security Agreement (Fly-E Group, Inc.), Loan and Security Agreement (Soluna Holdings, Inc), Loan Agreement (Lightpath Technologies Inc)
Liens and Encumbrances. Borrower shall not: (i) execute a negative pledge agreement with any Person covering any of its Property, ; or (ii) cause or permit or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), its Property (including, without limitation, the Collateral), whether now owned or hereafter acquired, to be subject to a Lien or be subject to any claim except for Permitted Liens.
Appears in 6 contracts
Samples: Loan Agreement (Newtek Business Services Corp.), Loan and Security Agreement (Newtek Business Services Corp.), Loan and Security Agreement (Newtek Business Services, Inc.)
Liens and Encumbrances. Neither Borrower shall notnor any of its Subsidiaries shall: (ia) execute a negative pledge agreement with any Person covering any of its Property, or (iib) cause or permit or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), its Property (including, without limitation, the Collateral), whether now owned or hereafter acquired, to be subject to a Lien or be subject to any claim except for Permitted Liens.
Appears in 4 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement (Rti Surgical, Inc.)
Liens and Encumbrances. Borrower shall not: (i) execute a negative pledge agreement with any Person covering any of its Propertythe Collateral, or (ii) cause or permit or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), its Property (including, without limitation, ) the Collateral), whether now owned or hereafter acquired, to be subject to a Lien or be subject to any claim except for Permitted Liens.Lien;
Appears in 3 contracts
Samples: Loan and Security Agreement (Resource America Inc), Loan and Security Agreement (Resource America Inc), Loan and Security Agreement (Fidelity Leasing Inc)
Liens and Encumbrances. No Borrower shall notshall: (i) execute a negative pledge agreement with any Person covering any of its Propertythe Collateral, or (ii) cause or permit or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), its Property (including, without limitation, ) the Collateral), whether now owned or hereafter acquired, to be subject to a Lien any lien, claim or be subject to any claim except for Permitted Liensencumbrance other than those of Lender.
Appears in 2 contracts
Samples: Loan and Security Agreement (Healthessentials Solutions Inc), Loan and Security Agreement (Staff Builders Inc /De/)
Liens and Encumbrances. No Borrower shall notshall: (ia) execute a negative pledge agreement with any Person covering any of its PropertyProperty other than property subject to purchase money indebtedness permitted hereunder, or (iib) cause or permit or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), its Property (including, without limitation, the Collateral), whether now owned or hereafter acquired, to be subject to a Lien or be subject to any claim except for Permitted Liens.
Appears in 2 contracts
Samples: Loan and Security Agreement (JetPay Corp), Loan and Security Agreement (Universal Business Payment Solutions Acquisition Corp)
Liens and Encumbrances. No Borrower shall notshall: (i) execute a negative pledge agreement with any Person covering any of its Propertythe Collateral, or (ii) cause or permit or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), its Property (including, without limitation, ) the Collateral), whether now owned or hereafter acquired, to be subject to a Lien any lien, claim or be subject to any claim except for encumbrance other than those of Lender and Permitted Liens.
Appears in 2 contracts
Samples: Loan and Security Agreement (New York Health Care Inc), Loan and Security Agreement (Orion Healthcorp Inc)
Liens and Encumbrances. No Borrower shall notshall: (ia) execute a negative pledge agreement with any Person covering any of its Property, or (iib) cause or permit or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), its Property (including, without limitation, the Collateral), whether now owned or hereafter acquired, to be subject to a Lien or be subject to any claim except for Permitted Liens.
Appears in 2 contracts
Samples: Loan and Security Agreement (Amerinac Holding Corp.), Loan and Security Agreement (Amerinac Holding Corp.)
Liens and Encumbrances. No Borrower shall notshall: (i) execute a negative pledge agreement with any Person covering any of its Property, or (ii) cause or permit or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), its Property (including, without limitation, the Collateral), whether now owned or hereafter acquired, to be subject to a Lien or be subject to any claim except for Permitted Liens.. As used herein, "Permitted Liens" means:
Appears in 2 contracts
Samples: Loan and Security Agreement (Phoenix Color Corp), Credit Agreement (Phoenix Md Realty LLC)
Liens and Encumbrances. No Borrower shall notshall: (ia) execute a negative pledge agreement with any Person (other than Lender) covering any of its Propertythe Collateral, or (iib) cause or permit or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise)) any Property of Borrowers, its Property (including, ; without limitation, the Collateral), whether now owned or hereafter acquired, to be subject to a Lien any lien, claim or be subject to any claim except for encumbrance other than those of Lender and Permitted Liens.
Appears in 2 contracts
Samples: Credit Agreement (Clarient, Inc), Credit Agreement (Clarient, Inc)
Liens and Encumbrances. No Borrower shall notshall: (i) execute a negative pledge agreement with any Person covering any of its Property, or (ii) cause or permit or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), its Property (including, without limitation, the Collateral), whether now owned or hereafter acquired, to be subject to a Lien or be subject to any claim except for Permitted Liens.
Appears in 1 contract
Samples: Loan and Security Agreement (Newtek Business Services Inc)
Liens and Encumbrances. Borrower shall not: (i) execute a negative pledge agreement with any Person covering any of its Property, ; or (ii) cause or permit or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), its Property (including, without limitation, the Collateral), whether now owned or hereafter acquired, to be subject to a Lien or be subject to any claim except for Permitted Liens.70
Appears in 1 contract
Liens and Encumbrances. No Borrower shall notshall: (ia) execute a negative pledge agreement with any Person covering any of its Propertythe Collateral, or (iib) cause or permit or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), its Property (including, without limitation, ) the Collateral), whether now owned or hereafter acquired, to be subject to a Lien any lien, claim or be subject encumbrance other than (i) those of Lender, (ii) Permitted Liens and (iii) liens securing purchase money indebtedness permitted pursuant to any claim except for Permitted LiensSection 7.12(c) hereof.
Appears in 1 contract
Liens and Encumbrances. Neither Borrower shall notnor of its Subsidiaries shall: (i) execute a negative pledge agreement with any Person covering any of its Property, or (ii) cause or permit or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), its Property (including, without limitation, the Collateral), whether now owned or hereafter acquired, to be subject to a Lien or be subject to any claim except for Permitted Liens.
Appears in 1 contract
Samples: Loan and Security Agreement (Lakeland Industries Inc)
Liens and Encumbrances. Borrower shall not: (i) execute a negative pledge agreement with any Person covering any of its Propertythe Collateral, or (ii) cause or permit or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), its Property (including, without limitation, ) the Collateral), whether now owned or hereafter acquired, to be subject to a Lien or be subject to any claim except for Permitted Liensother than a Lien in favor of Lender and rights of Lessees under Leases.
Appears in 1 contract
Samples: Master Loan and Security Agreement (T&w Financial Corp)
Liens and Encumbrances. No Borrower shall notshall: (ia) execute a negative pledge agreement with any Person covering any of its Propertythe Collateral, or (iib) cause or permit or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), its Property (including, without limitation, ) the Collateral), whether now owned or hereafter acquired, to be subject to a Lien any lien, claim or be subject to any claim except for encumbrance other than those of Lender and Permitted Liens.
Appears in 1 contract
Liens and Encumbrances. No Borrower shall notshall: (i) execute a negative pledge agreement with any Person covering any of its PropertyProperty other than property subject to purchase money indebtedness permitted hereunder, or (ii) cause or permit or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), its Property (including, without limitation, the Collateral), whether now owned or hereafter acquired, to be subject to a Lien or be subject to any claim except for Permitted Liens.
Appears in 1 contract
Liens and Encumbrances. Borrower shall not: (i) execute a negative pledge agreement with any Person covering any of its Property, or (ii) cause or permit or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), its Property (including, without limitation, the Collateral), whether now owned or hereafter acquired, to be subject to a Lien or be subject to any claim except for Permitted Liens.
Appears in 1 contract
Samples: Loan and Security Agreement (Blonder Tongue Laboratories Inc)
Liens and Encumbrances. No Borrower shall notshall: (i) execute a negative ---------------------- pledge agreement with any Person other than Lender covering any of its Property, Property or (ii) cause or permit or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), its Property (including, without limitation, the Collateral), whether now owned or hereafter acquired, to be subject to a Lien or be subject to any claim except for Permitted Liens.. As used herein, "Permitted Liens" means:
Appears in 1 contract
Samples: Loan and Security Agreement (Telespectrum Worldwide Inc)
Liens and Encumbrances. Borrower shall not: (i) execute a negative pledge agreement with any Person covering any of its Property, or (ii) cause or permit or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), ) its Property (including, without limitation, the Collateral), whether now owned or hereafter acquired, to be subject to a Lien or be subject to any claim except for Permitted Liens.. As used herein, "
Appears in 1 contract
Liens and Encumbrances. Borrower Borrowers shall not: (i) execute a negative ---------------------- pledge agreement with any Person covering any of its Propertythe Collateral, or (ii) cause or permit or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), its Property (including, without limitation, ) the Collateral), whether now owned or hereafter acquired, to be subject to a Lien or be subject to any claim except for Permitted Liensother than the Lien of Lender hereunder.
Appears in 1 contract
Samples: Loan and Security Agreement (Bankvest Capital Corp)
Liens and Encumbrances. Borrower shall not: (i) execute or permit to exist a negative pledge agreement with any Person covering any of its Property, or (ii) cause or permit or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), its Property (including, without limitation, the Collateral), whether now owned or hereafter acquired, to be subject to a Lien or be subject to any claim claim, in each case except for Permitted Liens.
Appears in 1 contract
Liens and Encumbrances. Borrower shall not: (i) execute a negative pledge agreement with any Person covering any of its Property, or (ii) cause or permit permit, or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), its Property (including, without limitation, the Collateral)Property, whether now owned or hereafter acquired, to be subject to a Lien or be subject to any claim claim, except for Permitted Liens.
Appears in 1 contract
Samples: Loan and Security Agreement (Point Therapeutics Inc)
Liens and Encumbrances. Without the Lender’s prior written consent, Borrower shall not: (i) execute a negative pledge agreement with any Person covering any of its Property, Property or (ii) cause or permit or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), its Property (including, without limitation, the Collateral)Property, whether now owned or hereafter acquired, to be subject to a Lien or be subject to any claim except for Permitted LiensEncumbrances.
Appears in 1 contract
Samples: Revolving Loan Agreement (Harris & Harris Group Inc /Ny/)
Liens and Encumbrances. Borrower shall not: (i) execute a negative pledge agreement with any Person covering any of its Property, or (ii) cause or permit or agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), its Property (including, without limitation, the Collateral), whether now owned or hereafter acquired, to be subject to a Lien or be subject to any claim except for Permitted Liens..
Appears in 1 contract
Samples: Loan and Security Agreement (Western Acquisition Ventures Corp.)
