Liens on Properties. (a) Borrower shall not, nor permit its Subsidiaries to, mortgage, pledge, hypothecate, or encumber in any manner, other than Permitted Encumbrances, any asset, unless, after giving effect to such mortgage, pledge, hypothecation or encumbrance, there shall be no violation of any of the covenants contained in Sections 5.3 or 5.15.
(b) Borrower shall not, nor permit any of its Subsidiaries to, create, assume, or allow any Negative Pledge in favor of any other Person affecting or relating to any asset in the Pool, it being understood and agreed by Xxxxxxxx and the other parties hereto that nothing contained in this Section 6.7 shall be deemed or construed to prohibit Borrower and any of its Subsidiaries from delivering from time to time a Negative Pledge substantially in the form contained in Section 6.7(a) in connection with one or more of the Other Credit Facilities Documents.
(c) Notwithstanding the foregoing, the Borrower shall not, and shall not permit any of its Subsidiaries to, secure any Indebtedness outstanding under or pursuant to any Other Credit Facilities Documents unless and until the Notes (and any Guaranty) shall concurrently be secured equally and ratably with such Indebtedness pursuant to documentation in Proper Form including, without limitation, an intercreditor agreement and opinions of counsel to the Borrower and/or any such Subsidiary, as the case may be, from counsel that is reasonably acceptable to the Agent.
Liens on Properties. Except as created hereby, and except for Liens that will be terminated prior to the Transfer Date, there are no Liens of any nature whatsoever on any Receivable. The Transferor is not a party to any contract, agreement, lease or instrument (other than this Agreement or as contemplated by this Agreement) the performance of which, either unconditionally or upon the happening of an event, will result in or require the creation of any Lien on any Receivable, or otherwise result in a violation of this Agreement.
Liens on Properties. Except for Permitted Liens and except for Liens that will be terminated prior to the Transfer Date, there are no Liens of any nature whatsoever on any Receivable or Seller Related Security or Collections. The Seller is not a party to any contract, agreement, lease or instrument (other than this Agreement or as contemplated by this Agreement) the performance of which, either unconditionally or upon the happening of an event, will result in or require the creation of any Lien on any Receivable or Seller Related Security or Collections, or otherwise result in a violation of any Transaction Document.
Liens on Properties. There are no Liens of any nature whatsoever on any Real Property, property or asset of the Borrower or any of its Subsidiaries, except for Liens in favor of the Bank or Permitted Liens. The Borrower is not a party to any contract, agreement, lease or instrument (other than this Agreement and the other Loan Documents) the performance of which, either unconditionally or upon the happening of an event, will result in or require the creation of any Lien on the property or assets of the Borrower or any of its Subsidiaries or otherwise result in a violation of any Loan Document, except for Permitted Liens.
Liens on Properties. 19 3.11 Ownership; Leasehold Interests and Liens ..................... 19 3.12 Information .................................................. 19 3.13 Tradenames ................................................... 20 3.14 Solvency ..................................................... 20 3.15 Brokers ...................................................... 20
Liens on Properties. There are no Liens of any nature whatsoever on any Real Property, property or asset of the Company or any of its Subsidiaries, except for Permitted Liens (all Liens pursuant to clause (d) of such definition are listed on Schedule 3.10). Neither the Company nor any Subsidiary is a party to any contract, agreement, lease or instrument the performance of which, either unconditionally or upon the happening of an event, will result in or require the creation of any Lien on the property or assets of the Company or any of its Subsidiaries or otherwise result in a violation of any Financing Document, except for Permitted Liens.
Liens on Properties. Except for Liens that will be terminated prior to the Initial Cut Off Date, there are no Liens of any nature whatsoever on any Account or Receivable. The Seller is not a party to any contract, agreement, lease or instrument (other than this Agreement or as contemplated by this Agreement) the performance of which, either unconditionally or upon the happening of an event, will result in or require the creation of any Lien on any Account or Receivable, or otherwise result in a violation of any Transaction Document.
Liens on Properties. Except as created hereby, and except for Liens that will be terminated prior to the initial Transfer of Receivables on the Closing Date, there are no Liens of any nature whatsoever on any Receivable. The Transferor is
Liens on Properties. 23 6.3 Payment of Taxes and Other Indebtedness.................................................................23 6.4
Liens on Properties. Borrower hereby grants, bargains, sells, assigns, delivers, transfers, conveys and mortgages all Properties unto Lender, and grants Lender a first and prior Lien (including a security interest) in all Properties, subject only to the Permitted Liens and Permitted Encumbrances. At each such time that Lender requests, Borrower will execute and deliver specific recordable Security Documents granting to Lender first perfected Liens (subject to no other liens except Permitted Liens and Permitted Encumbrances) on and covering all oil, gas and mineral leases (and related equipment and appurtenances) covering each oil well and/or gas well in which Borrower has any right, title or interest as to which Borrower has not previously executed and delivered specific recordable Security Documents. On Lender's request, Borrower will furnish to Lender all documents and information relating to such properties as Lender may reasonably request, including, without limitation, title information and opinions.
