Common use of Limitation of Liens Clause in Contracts

Limitation of Liens. Pledgor shall not directly or indirectly sell or create, incur, assume, permit, or suffer to exist any Liens on or with respect to all or any part of the Collateral (other than the Lien created by this Agreement). Pledgor shall at its own cost and expense promptly take such action as may be necessary to discharge any such non-permitted Liens.

Limitation of Liens. The Pledgor shall not directly or indirectly sell or create, incur, assume, permit, assume or suffer to exist any Liens on or with respect to all or any part of the Collateral (other than the Lien created by this AgreementPermitted Liens). The Pledgor shall at its own cost and expense promptly take such action as may be necessary to discharge any such nonLiens (other than Permitted Liens, including, to the extent permitted under the Intercreditor Agreement, a second-permitted Lienspriority lien (the “Second Lien”) on the Collateral securing Subordinate Debt Obligations (as defined in the Intercreditor Agreement)).

Limitation of Liens. The Pledgor shall not directly or indirectly sell or create, incur, assume, permit, assume or suffer to exist any Liens on or with respect to all or any part of the Collateral (other than the Lien created by this AgreementPermitted Liens). The Pledgor shall at its own cost and expense promptly take such action as may be necessary to discharge any such non-Liens (other than Permitted Liens, including, to the extent permitted Liensunder the Intercreditor Agreement, a lien (the “Bond Lien”) on the Collateral securing Second Lien Obligations (as defined in the Intercreditor Agreement)).

Limitation of Liens. Pledgor shall not directly or indirectly sell or create, incur, assume, permit, assume or suffer to exist any Liens on or with respect to all or any part of the Collateral (other than the Lien created by this AgreementPermitted Liens). Pledgor shall at its own cost and expense promptly take such action as may be necessary to discharge any such non-permitted Liens.

Limitation of Liens. The Pledgor shall not directly or indirectly sell or create, incur, assume, permit, assume or suffer to exist any Liens on or with respect to all or any part of the Collateral (other than the Lien Liens created by this Agreementin accordance with Transaction Documents). The Pledgor shall at its own cost and expense promptly take such action as may be necessary to discharge any such non-permitted Liens.