Common use of Mortgages, Liens, Etc Clause in Contracts

Mortgages, Liens, Etc. Neither Borrower nor the Bank shall create, assume or suffer to exist any mortgage, pledge, lien, charge or other encumbrance of any nature whatsoever on any of its assets, now or hereafter owned, except for: (a) Liens in favor of Lender securing payment of the Loan; and

Appears in 6 contracts

Samples: Loan Agreement (Bancplus Corp), Loan Agreement (Southern States Bancshares, Inc.), Loan Agreement (Bancplus Corp)

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Mortgages, Liens, Etc. Neither Borrower nor the Bank shall create, assume or suffer to exist any mortgage, pledge, lien, charge or other encumbrance of any nature whatsoever on any of its assets, now or hereafter owned, except for: (a) Liens in favor of Lender securing payment of the LoanLoans; and

Appears in 4 contracts

Samples: Loan Agreement (First Guaranty Bancshares, Inc.), Loan Agreement (Citizens Community Bancorp Inc.), Loan Agreement (Citizens Community Bancorp Inc.)

Mortgages, Liens, Etc. Neither Borrower nor the Bank shall create, assume or suffer to exist any mortgage, pledge, lien, charge or other encumbrance of any nature whatsoever on any of its assets, now or hereafter ownedthe Collateral, except for: (a) Liens in favor of Lender securing payment of the Loan; and (b) the Permitted Encumbrances.

Appears in 1 contract

Samples: Loan Agreement (Community First Inc)

Mortgages, Liens, Etc. Neither Borrower nor the Bank shall create, assume or suffer to exist any mortgage, pledge, lien, charge or other encumbrance of any nature whatsoever on any of its assets, now or hereafter owned, except for: (a) Liens in favor of Lender securing payment of the Loan; and

Appears in 1 contract

Samples: Loan Agreement (Citizens Holding Co /MS/)

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Mortgages, Liens, Etc. Neither Borrower nor the Bank shall not create, assume or suffer to exist any mortgage, pledge, lien, charge or other encumbrance of any nature whatsoever on any of its assets, now or hereafter owned, except for: (a) Liens in favor of Lender for liens securing payment of the Acquisition Loan; and;

Appears in 1 contract

Samples: Loan and Security Agreement (Tweed John A)

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