Common use of Liens; Taxes Clause in Contracts

Liens; Taxes. 6.1 Lessee shall not directly or indirectly create, incur, assume or suffer to exist any mortgage, lien, security interest, charge, encumbrance or claim (each a “Lien”) on or with respect to this Master Lease or any Schedule, the Equipment, title thereto or any interest therein except a Lien created by Lessor or Assignee, and Lessee shall immediately at its own expense take all actions as may be necessary to discharge such Lien.

Appears in 3 contracts

Samples: Master Equipment Lease, Master Equipment Lease, Master Equipment Lease

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Liens; Taxes. 6.1 Lessee shall not directly or indirectly create, incur, assume or suffer to exist any mortgage, lien, security interest, charge, encumbrance or claim (each a “Lien”) on or with respect to this Master Lease or any Schedule, the Equipment, title thereto or any interest therein except a Lien contemplated under the Multiparty Agreement or the Senior Credit Agreement or created by Lessor or Assignee, and Lessee shall immediately at its own expense take all actions as may be necessary to discharge such Lienany Lien not permitted hereby.

Appears in 2 contracts

Samples: Master Equipment Lease (Cinedigm Digital Cinema Corp.), Master Equipment Lease (Cinedigm Digital Cinema Corp.)

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Liens; Taxes. 6.1 Lessee shall not directly or indirectly create, incur, assume or suffer to exist any mortgage, lien, security interest, charge, encumbrance or claim (each a “Lien”) on or with respect to this Master Lease or any Schedule, the Equipment, title thereto or any interest therein except a Lien those Liens created by Lessor or AssigneeLessor’s assignee, and Lessee shall immediately at its own expense take all actions action as may be necessary to discharge such Lien.

Appears in 1 contract

Samples: Master Equipment Lease (GlyEco, Inc.)

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