Liens and Encumbrances. Directly or indirectly make, create, incur, assume or permit to exist any Lien in, to or against any part of the Pledged Property other than Permitted Liens.
Appears in 32 contracts
Samples: Security Agreement (Innova Robotics & Automation, Inc.), Security Agreement (Innova Robotics & Automation, Inc.), Security Agreement (Pure Biofuels Corp)
Liens and Encumbrances. Directly or indirectly make, createCreate, incur, assume or permit to exist exist, or assume any mortgage, pledge, encumbrance, Lien inor charge of any kind upon any asset now owned or hereafter acquired by it, to or against any part of the Pledged Property other than Permitted Liens.
Appears in 2 contracts
Samples: Loan and Security Agreement (Roxio Inc), Loan and Security Agreement (Probusiness Services Inc)