No Assignment or Liens. Except as provided herein, Licensee shall not assign, mortgage or pledge this License nor let or underlet the whole or any part of the Cafe without reasonable consent of the City. Except as provided herein, Licensee shall not grant or permit any lien to be placed upon the Cafe or Library Building which is not discharged or bonded. Licensee shall provide the City with discharges for any and all liens which may be levied against the Cafe or Library Building. Licensee shall use reasonable commercial efforts to discharge such liens within thirty (30) business days of receipt of lien by Licensee. Notwithstanding the foregoing, Licensee may, solely for the purpose of constructing the Improvements, pledge this License Agreement as security for a loan from a financial institution (which shall, for the purpose of this paragraph, be a banking institution licensed to do business in the State of New York). It is expressly understood that any such financing shall be solely to fund the original construction of the improvements or to refinance any sum remaining unpaid under such original financing and for no other purpose without reasonable consent of the City. In the event Licensee pledges this License Agreement, the interests of such financial institution shall be subordinate to any rights or interests of the City, except to the extent the financial institution seeks a security interest in personal property and fixtures of Licensee in which case such security interest shall be superior to the City's security interest in the improvements, personal property and fixtures of Licensee. The City shall execute any documentation required by a lender to evidence such security interests provided such documentation is reasonably acceptable to the City. Unless otherwise agreed among the lender, the City and Licensee, the City shall have no obligation to give any notice to such financial institution in order to exercise any of its rights under this License Agreement, however, the City agrees to make reasonable efforts to provide the financial institution with reasonable notice of an event of default, provided the City has been given prior written notice of the name and address of such financial institution. Any agreement with a financial institution which has a security interest in the Cafe, shall provide for notice to the City of any event of default by Licensee under its agreement with such financial institution. The City agrees to cooperate with reasonable requests of the financ...
No Assignment or Liens. Supplier will not sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any security interest, lien, pledge, charge, claim or other encumbrance (including an filed UCC financing statement) or any adverse claim upon or with respect to, any of the Purchased Assets, or any interest therein, or assign any right to receive income in respect thereof, or grant any option with respect to, except for the interest of Xxxxx, and Supplier will defend the right, title and interest of Xxxxx in any of the Purchased Assets, against all claims of third parties claiming through or under Supplier. Supplier will not, without Xxxxx’x prior written consent, grant any extension of the time for payment of, or reduce the amount of, any Purchased Receivables, or compromise, compound or settle the same, or release, in whole or in part, a Buyer from payment thereof.
No Assignment or Liens. Borrower shall not and shall not permit any Eligible Asset Owner to (i) sell, assign, transfer or otherwise dispose of, or grant any option with respect to, or pledge, hypothecate or grant a security interest in or lien on or otherwise encumber (except pursuant to the Loan Documents and other Permitted Liens), any Pledged Equity or any Financed Tax Lien or any interest therein, except in connection with a disposition otherwise expressly permitted under this Agreement, or (ii) enter into any agreement or undertaking restricting the right or ability of Borrower or Administrative Agent to sell, assign or transfer any of the Pledged Equity or Financed Tax Lien (except in accordance with the Loan Documents).
No Assignment or Liens. Facility shall not dispose of the Equipment, assign any rights or possession of the Equipment under this Agreement, or loan the Equipment to any third party. Facility shall, at all times, keep the Equipment free and clear of all taxes, liens, encumbrances, and security interests. Any and all costs, expenses (including all court costs and attorneys' fees), damages, judgements, fines, or other amounts paid or incurred by Organogenesis in procuring the release or discharge of any such taxes, liens, encumbrances, or security interests shall be reimbursed on demand by Facility to Organogenesis as an additional part of Facility’s obligations hereunder.
