No Additional Liens Clause Samples

No Additional Liens. Seller will not permit any of the Assets to become subject to any mortgage, lien, charge or encumbrance, other than liens imposed by law and incurred in the ordinary course of business for obligations not yet due or delinquent, and liens identified in Schedule 1.2 attached hereto.

No Additional Liens. Grantor covenants not to execute any deed of trust, security agreement, assignment of leases and rents or other agreement granting a lien (except the liens granted to Beneficiary and Trustee by the Loan Documents) or, except as set forth in Paragraph 2 above, take or fail to take any other action which would result in a lien against the interest of Grantor in the Property without the prior written consent of Beneficiary.

No Additional Liens. The Mortgagor shall not, without the prior express written consent of the Mortgagee, remove or suffer to be removed from the Mortgaged Property any fixtures subject to the lien hereof (as the term "fixtures" is defined by the law in the State in which the Real Property is located) and including all personal property located on and used in connection with the Real Property, presently or in the future to be incorporated into, installed in, annexed or affixed to the Mortgaged Property (unless such fixtures have been replaced with similar fixtures of equal or greater utility and value); nor, except as permitted pursuant to the Credit Agreement, the Note Agreement, the A-Advanced Guaranty, the Guaranty and Security Agreement or the Intercreditor Agreement will the Mortgagor execute or cause to be executed any security interest upon any such fixtures, additions to, substitutions or replacements thereof or upon any fixtures in the future to be installed in, annexed or affixed to the Mortgaged Property, without the prior express written consent of the Mortgagee.

No Additional Liens. (a) No Loan Party shall grant, or permit any of its Subsidiaries to grant, any new Lien to any Agent on behalf of any of the Secured Parties on any of its property unless such Loan Party or, as the case may be, such Subsidiary has granted, through documentation in form and substance satisfactory to the other Agent, a Lien on such property in favor of each Agent for the benefit of the other Secured Parties as security for those Secured Parties’ Secured Claims, respectively, with the priorities set forth herein. (b) To the extent any Collateral shall be subject to any Lien securing any Secured Claim and such Collateral is not subject to a Lien securing all of the other Secured Claims to the same extent (after giving effect to transactions scheduled to occur concurrently with the grant of such Lien), then the Agent for such Secured Claims, shall, upon demand by and at the option of any other Agent, either (i) release such Lien, (ii) ensure that the Loan Parties ▇▇▇▇▇ ▇ ▇▇▇▇ on such Collateral in favor of the other Agent, for the benefit of the other Secured Parties, or (iii) assign such Lien in such Collateral to the other Agent for the benefit of the other Secured Parties. Prior to such assignment or release, the Agent to whom such Lien was granted shall act as sub-agent of the other Agent for the sole purpose of perfecting the Lien on such Collateral and each Agent shall thereby be deemed to have a Lien on such Collateral for all purposes, with the priorities set forth herein.

No Additional Liens. The Borrower covenants that so long as the Loan or any Obligations to the Lender remain outstanding and unpaid, the Borrower shall not create, assume or suffer to exist any Lien of any kind upon any of the Pledged Collateral.

No Additional Liens. Other than as set forth in the Subordinated Debenture Security Agreement, each Junior Creditor hereby represents, severally, and not jointly with the other Junior Creditors, that such Junior Creditor has not been granted or obtained any Liens in any assets of any Debtor or any other assets securing the Senior Debt. Each Junior Creditor agrees that, without the prior written consent of Senior Creditor, no Junior Creditor will take any other Liens on any assets of any Debtor or any other assets as security for the Junior Debt unless Senior Creditor also has a Lien on such assets which is senior to that of the applicable Junior Creditor, and no Junior Creditor shall obtain any additional guarantees for the Junior Debt unless the Person obligated under such guaranty also guarantees the Senior Debt and such guaranty in favor of Junior Creditor(s) is subordinated to such guaranty in favor of Senior Creditor in a manner consistent with the terms and conditions of this Agreement pursuant to documentation reasonably acceptable to Senior Creditor.

No Additional Liens. No additional liens except as shown on the Title Policy or set forth in Section 2.3 of this Agreement, or other interest shall have been permitted to attach to the Property except taxes for the current year, if not then payable, and other matters acceptable to the City; and upon request by the City, the Borrower shall have the Title Policy insuring the City's lien on the Property brought up to date upon prior to Loan closing by issuance of an endorsement to the policy satisfactory to the City and Borrower shall provide to City all Title Assurances which the City may require;

No Additional Liens. Grantor shall not create or permit to exist any encumbrance against any of the Collateral except the Security Interest created by this Agreement or approved by Lender in writing.

No Additional Liens. Subject to its right to contest such lien in accordance with the Mortgage, and except for the Permitted Encumbrances, Borrower shall not allow any liens, encumbrances or other interests to affect the Collateral or any part thereof or Lender's first priority lien therein without the prior written consent of Lender, which may be withheld in Lender's sole and absolute discretion.