Negative Pledge; Liens. The Borrower and the Guarantor shall not create, incur, assume or suffer to exist any Lien of any kind on any of its properties or assets of any kind, except the following (collectively, “Permitted Liens”):
Appears in 2 contracts
Samples: Purchase Agreement (Environmental Tectonics Corp), Purchase Agreement (Environmental Tectonics Corp)
Negative Pledge; Liens. The Borrower and the each Guarantor shall not create, incur, assume or suffer to exist any Lien of any kind on any of its properties or assets of any kind, except the following (collectively, “"Permitted Liens”"):
Appears in 2 contracts
Samples: Convertible Note and Warrant Purchase Agreement (Lenfest H F), Convertible Note and Warrant Purchase Agreement (Environmental Tectonics Corp)
