Liens on the Collateral. No Borrower shall permit or suffer the existence of any Lien on any of the Properties senior to the Lien of the applicable Mortgage, other than Permitted Encumbrances.
Liens on the Collateral. No Required SPE shall permit or suffer the existence of any Lien on any of its assets, other than Permitted Encumbrances.
Liens on the Collateral. Neither Borrower nor, if applicable, any Single-Purpose Equityholder shall permit or suffer the existence of any Lien on any of its assets, other than Permitted Encumbrances.
Liens on the Collateral. Navistar Financial shall not create or suffer to exist any Lien on any Collateral other than (except with respect to Subsidiary Shares) Permitted Liens. Without limiting the generality of the foregoing, if any Lien on all or any part of the Collateral shall be filed pursuant to Section 4068 or 302(f) of ERISA or Section 6323 of the Internal Revenue Code, Navistar Financial shall cause such Lien to be released within 30 days after such filing.
Liens on the Collateral. Effective immediately upon the Closing Date, and on each Loan Date, (a) no effective financing statement or other similar instrument covering any Collateral is on file in any recording office, and (b) no Lien covering any Vehicle constituting Collateral is noted on the Certificate of Title of such Vehicle or on file in any title recording office, in each case other than in favor of the Administrative Agent.
Liens on the Collateral. (a) Incur, create, assume or suffer to exist any Lien upon or with respect to the Collateral, other than (the “Permitted Liens”):
(i) Liens held by the Collateral Agent securing the Obligations.
(ii) Liens constituting or otherwise in respect of normal operational usage of the affected property, including leases, subleases, use agreements and swap agreements constituting “Permitted Dispositions” pursuant to clause (g) of the definition thereof, charters, third party maintenance, storage, leasing, pooling or interchange thereof; provided that, in the case of any lease or sublease (excluding any lease or sublease (i) constituting a “Permitted Disposition” pursuant to clause (g) of the definition thereof and (ii) of any Aircraft Collateral pursuant to the Aircraft Mortgage), the rights of the lessee or sublessee shall be subordinated to the rights (including remedies) of the Collateral Agent under the applicable Collateral Document on terms reasonably satisfactory to the Collateral Agent;
(iii) a banker’s lien or right of offset of the holder of such Indebtedness in favor of any lender of moneys or holder of commercial paper of the Borrower or any subsidiary in the ordinary course of business on moneys of the Borrower such subsidiary deposited with such lender or holder in the ordinary course of business;
(iv) Liens in favor of depositary banks arising as a matter of law encumbering deposits (including the right of setoff) and that are within the general parameters customary in the banking industry;
(v) Liens for taxes, assessments or governmental charges or claims that are not yet delinquent or that are being contested in good faith by appropriate proceedings promptly instituted and diligently conducted; provided that any reserve or other appropriate provision as is required in conformity with GAAP has been made therefor;
(vi) Xxxxx imposed by law, such as carriers’, warehousemen’s, landlord’s, mechanics’ carriers’, workmen’s and repairmen’s Liens and other similar Liens, in each case, incurred in the ordinary course of business;
(vii) in the case of any Gate Interests, any interest or title of a licensor, sublicensor, lessor, sublessor or airport operator under any lease, license or use agreement;
(viii) Liens arising by operation of law in connection with judgments, attachments or awards which do not constitute an Event of Default hereunder;
(ix) any extension, modification, renewal or replacement of the Liens described in clauses (i) through (viii) above,...
Liens on the Collateral. Incur, create, assume, become or be liable in any manner with respect to, or permit to exist, any Lien with respect to any Collateral except Liens in favor of Secured Party or Senior Lender under the Senior Loan Documents.
Liens on the Collateral. The Tribe will not create, incur, assume or permit to exist any Lien on any of the Enterprise Assets except for:
(a) Liens in favor of the Bank to secure the Obligations;
(b) Liens for taxes, assessments or other governmental charges; not yet due or which are being contested in good faith by appropriate action promptly initiated and diligently conducted if such reserve as shall be required by GAAP shall have been made therefor;
(c) Liens of mechanics, laborers and materialmen and vendors arising by law in the ordinary course of business for claims either not yet due or being contested in good faith by appropriate action promptly initiated and diligently conducted if such reserve as shall be required by GAAP shall have been made therefor;
(d) Inchoate liens arising under ERISA to secure the contingent liability of the Tribe; and
(e) Liens in favor of Persons other than the Bank which Liens have been expressly made inferior to the Liens in favor of the Bank; provided however, the prohibitions set forth in this Section 10.01 shall not apply to Enterprise Assets acquired on credit after the Effective Date.
Liens on the Collateral. The Borrower shall not create, permit, incur or suffer to exist any Lien on any of the Collateral other than the Liens securing the Obligations created pursuant to the Loan Documents and the Liens securing the Junior Lien Obligations.
Liens on the Collateral. The Borrower will not create, incur, assume or permit to exist any Lien on any of the Collateral, except for:
(a) Liens in favor of the Bank to secure the Obligations;
(b) Liens for taxes, assessments or other governmental charges; not yet due or which are being contested in good faith by appropriate action promptly initiated and diligently conducted if such reserve as shall be required by generally accepted accounting principles shall have been made therefor;
(c) Liens of landlords, vendors, carriers, warehousemen, mechanics, laborers and materialmen arising by law in the ordinary course of business for claims either not yet due or being contested in good faith by appropriate action promptly initiated and diligently conducted if such reserve as shall be required by generally accepted accounting principles shall have been made therefor;
(d) Inchoate liens arising under ERISA to secure the contingent liability of the Borrower; and
(e) Any exceptions shown on the title policy referred to in Section 7.01 hereof to which the Bank consents in writing.
