Common use of Limitation on Liens and Restrictions on Subsidiaries Clause in Contracts

Limitation on Liens and Restrictions on Subsidiaries. Borrower will not, and will not permit any Subsidiary to, incur, create, assume, or permit to exist any Lien upon any of its property, assets, or revenues, whether now owned or hereafter acquired, except the following: (a) Liens described on Schedule 11.2 hereto, and any extensions, ------------- renewals, or refinancings of the Debt secured by such Liens as permitted under Section 11.1(b), provided that (i) no such Lien is expanded to cover --------------- -------- any additional Property (other than after acquired title in or on such Property and proceeds of the existing collateral) after the Closing Date and

Limitation on Liens and Restrictions on Subsidiaries. Borrower will not, and will not permit any Subsidiary to, incur, create, assume, or permit to exist any Lien upon any of its property, assets, or revenues, whether now owned or hereafter acquired, except the following: (a) Liens described on Schedule 11.2 SCHEDULE 10.2 hereto, and any extensions, ------------- renewals, or refinancings of the Debt secured by such Liens as permitted under Section 11.1(bSECTION 10.1(b), provided PROVIDED that (i) no such Lien is expanded to cover --------------- -------- any additional Property (other than after acquired title in or on such Property and proceeds of the existing collateral) after the Closing Date and