Common use of Limitation on Other Restrictions on Liens Clause in Contracts

Limitation on Other Restrictions on Liens. No Borrower shall enter into, become or remain subject to any agreement or instrument to which such Borrower is a party or by which its properties (now owned or hereafter acquired) may be subject or bound that would prohibit the grant of any Lien upon any of its properties (now owed or hereafter required), except Permitted Liens.

Limitation on Other Restrictions on Liens. No The Borrower shall not, and shall not permit any other Loan Party to, enter into, become or remain subject to any agreement or instrument to which the Borrower or such Borrower Loan Party, as the case may be, is a party or by which it or any of its properties (now owned or hereafter acquired) may be subject or bound that would prohibit the grant of any Lien upon any of its properties (now owed owned or hereafter required), except Permitted Liens.except:

Limitation on Other Restrictions on Liens. No The Borrower shall not enter into, become or remain subject to any agreement or instrument to which such the Borrower is a party or by which it or any of its respective assets or properties (now owned or hereafter acquired) may be subject or bound that would prohibit the grant of any Lien upon any of its assets or properties (now owed or hereafter required), except Permitted Liensthe Loan Documents.