Common use of Mortgages, Liens, Etc Clause in Contracts

Mortgages, Liens, Etc. Create, assume or suffer to exist Lien of any nature whatsoever on any of its assets, now or hereafter owned, except for: (a) Liens, if any, securing payment of the Note; (b) Existing Liens securing Indebtednesses permitted under Section 7.1(b) above; (c) Permitted Encumbrances; and (d) Other liens on assets with a value not exceeding $500,000.00 or securing indebtedness with a principal amount not exceeding $500,000.00.