Common use of Limitation on Liens; Transfer Restrictions Clause in Contracts

Limitation on Liens; Transfer Restrictions. Except for the Prior Liens, the Permitted Collateral Liens and the Lien of this Mortgage, the Mortgagor may not, without the prior written consent of the Mortgagee, further mortgage, encumber, hypothecate, sell, convey or assign all or any part of the Mortgaged Property or suffer or allow any of the foregoing to occur by operation of law or otherwise.

Appears in 2 contracts

Samples: Credit Agreement (SFBC International Inc), Credit Agreement (Ionics Inc)

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Limitation on Liens; Transfer Restrictions. Except for the Prior Liens, the Permitted Collateral Liens and the Lien of this Mortgage, the The Mortgagor may not, without the prior written consent of the Mortgagee, further mortgage, encumber, hypothecate, sell, convey or assign all or any part of the Mortgaged Property or suffer or allow any of the foregoing to occur by operation of law or otherwise.; provided, however, that the Mortgagor shall have the right to (1) sell, convey or assign all or any portion of the Mortgaged Property in accordance with the provisions of the Indenture and

Appears in 2 contracts

Samples: Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Jacobs Entertainment Inc), Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Jacobs Entertainment Inc)

Limitation on Liens; Transfer Restrictions. Except for as permitted by the Prior Liens, the Permitted Collateral Liens and the Lien of this MortgageCredit Agreement, the Mortgagor may not, without the prior written consent of the Mortgagee, further mortgage, encumber, hypothecate, sell, convey or assign all or any part of the Mortgaged Property or suffer or allow any of the foregoing to occur by operation of law or otherwise.

Appears in 1 contract

Samples: Credit Agreement (Norcraft Companies, Inc.)

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Limitation on Liens; Transfer Restrictions. Except for as permitted by the Prior Liens, the Permitted Collateral Liens and the Lien of this MortgageCredit Agreement, the Mortgagor may not, without the prior written consent of the Mortgagee, further mortgage, encumber, hypothecate, sell, convey or assign all or any part of the Mortgaged Property or suffer or allow any of the foregoing to occur by operation of law or otherwise.39406775_3

Appears in 1 contract

Samples: Credit Agreement (Norcraft Companies, Inc.)

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