Mortgages, Liens, Etc. None of the Borrowers will, nor will any Borrower permit any Subsidiary to, directly or indirectly, create, incur, assume or suffer to exist, any mortgage, lien, charge or encumbrance on, or security interest in, or pledge of, or conditional sale or other title retention agreement (including any Capitalized Lease) with respect to, any property or asset now owned or hereafter acquired by any Borrower or any Subsidiary, except for the following (collectively, "Permitted Liens"):
Appears in 3 contracts
Samples: Revolving Credit and Term Loan Agreement (Dynamics Research Corp), Revolving Credit Agreement (Dynamics Research Corp), Revolving Credit Agreement (Dynamics Research Corp)
Mortgages, Liens, Etc. None of the Borrowers No Borrower will, nor will any Borrower permit any Subsidiary to, directly or indirectly, create, incur, assume or suffer to exist, any mortgage, lien, charge or encumbrance on, or security interest in, or pledge of, or conditional sale or other title retention agreement (including any Capitalized Lease) with respect to, to any property or asset now owned or hereafter acquired by any Borrower or any Subsidiary, except for the following (collectively, "Permitted Liens"):
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Chemfab Corp)