Common use of Liens and Related Matters Clause in Contracts

Liens and Related Matters. Borrower will not directly or indirectly create, incur, assume or permit to exist any Lien on or with respect to the Mortgaged Property or other Collateral whether now owned or hereafter acquired, or any income or profits therefrom, except the Liens in favor of Lender under this Agreement and the Permitted Encumbrances. Borrower shall have the right to contest any such Lien securing Claims in accordance with Section 5.3(B), except by their own terms or in accordance with a specific termination right granted thereunder.

Appears in 4 contracts

Samples: Loan and Security Agreement (Lexicon Pharmaceuticals, Inc.), Loan and Security Agreement (Lexicon Pharmaceuticals, Inc./De), Loan and Security Agreement (Alexion Pharmaceuticals Inc)

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Liens and Related Matters. Borrower will not directly or indirectly create, incur, assume or permit to exist any Lien on or with respect to the Mortgaged Property or other Collateral whether now owned or hereafter acquired, or any income or profits therefrom, except the Liens in favor of Lender under this Agreement and the Permitted Encumbrances. Borrower shall have the right to contest any such Lien securing Claims in accordance with Section 5.3(B), except by their own terms or in accordance with a specific termination right granted thereunder.

Appears in 3 contracts

Samples: Development Loan and Security Agreement (Equinix Inc), Loan and Security Agreement (Equinix Inc), Loan and Security Agreement (New Athletics, Inc.)

Liens and Related Matters. The Borrower will not directly or indirectly create, incur, assume or permit to exist any Lien on or with respect to the Mortgaged Property or other Collateral whether now owned or hereafter acquired, or any income or profits therefrom, except the Liens in favor of Lender under this Agreement and the Permitted Encumbrances. With Lender’s prior written consent, Borrower shall have the right to contest any such Lien securing Claims in accordance with Section 5.3(B), except by their own terms or in accordance with a specific termination right granted thereunderClaims.

Appears in 1 contract

Samples: Loan Agreement (IMH Financial Corp)

Liens and Related Matters. Borrower will not directly or indirectly create, incur, assume or permit to exist any Lien on or with respect to the Mortgaged Property or other Collateral whether now owned or hereafter acquired, or any income or profits therefrom, except the Liens as provided in favor of Lender under this Agreement and the Permitted Encumbrancesother Loan Documents. Borrower shall have will not Transfer any of the right to contest any such Lien securing Claims Collateral in accordance with Section 5.3(B), except by their own terms or in accordance with a specific termination right granted thereunderviolation of the Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Hammons John Q Hotels Inc)

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Liens and Related Matters. Borrower will not directly or indirectly create, incur, assume or permit to exist any Lien on or with respect to the Mortgaged Property or other Collateral whether now owned or hereafter acquired, or any income or profits therefrom, except the Liens as provided in favor of Lender under this Agreement and the Permitted Encumbrancesother Loan Documents and any New Debt. Borrower shall have not transfer any of the right to contest any such Lien securing Claims Collateral in accordance with Section 5.3(B), except by their own terms or in accordance with a specific termination right granted thereunderviolation of the Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (JQH Acquisition, LLC)

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