No Encumbrance of Assets not allow any part of its undertaking, property, assets or rights, whether present or future, to be mortgaged, charged, pledged, used as a lien or otherwise encumbered without the prior written consent of the Bank; and
No Encumbrance of Assets. The BORROWER shall not mortgage, pledge, grant or permit to exist a security interest in or lien upon any of its assets of any kind, now owned or hereafter acquired, except for PERMITTED LIENS.
No Encumbrance of Assets. The Borrower shall not create or permit any Encumbrance in relation to its property as well as shall not create or permit any Encumbrance in relation to the property of any other Debtors, except for the Permitted Encumbrance.
No Encumbrance of Assets. None of the BORROWERS shall mortgage, pledge, grant or permit to exist a security interest in or lien upon any of its assets of any kind, now owned or hereafter acquired, except for PERMITTED LIENS.
No Encumbrance of Assets. Neither the BORROWER nor its SUBSIDIARIES shall mortgage, pledge, grant or permit to exist any LIENS upon any of its assets of any kind, now owned or hereafter acquired, except for PERMITTED LIENS. The BORROWER agrees that it will not grant to any PERSON other than the SECURED PARTIES any negative pledges applicable to any of the assets of the BORROWER.
No Encumbrance of Assets. The GUARANTOR shall not mortgage, pledge, grant or permit to exist any LIEN upon any of its assets of any kind, now owned or hereafter acquired except liens granted to secured the SECURED PARTIES and PERMITTED LIENS.
No Encumbrance of Assets. None of the material property, assets, undertaking, goodwill or uncalled capital of the Company is subject to any Encumbrance or any agreement or commitment to give or create any of the foregoing, except for such Encumbrance or agreement or commitment which would not have a material adverse effect on the condition (financial or otherwise, including for the avoidance of doubt any tax consequences) of the business assets, results of operations or prospects of the Company.
No Encumbrance of Assets. None of the COMPANIES shall mortgage, pledge, grant or permit to exist a security interest in or lien upon any of its assets of any kind, now owned or hereafter acquired, except for PERMITTED LIENS. No COMPANY shall make any negative pledges for the benefit of any person or entity other than the LENDER.
No Encumbrance of Assets. No GUARANTOR shall mortgage, pledge, grant or permit to exist a security interest in or lien upon any of its assets of any kind, now owned or hereafter acquired, except for PERMITTED LIENS or as otherwise permitted hereunder.
No Encumbrance of Assets. Borrower shall not mortgage, pledge, grant or permit to exist a Lien upon any of the Collateral or any of its other assets of any kind, now owned or hereafter acquired, except for Liens granted by or otherwise permitted under this Agreement. Lender specifically consents to purchase money Liens granted by Borrower in connection with the acquisition by Borrower of inventory or equipment, provided that such Liens encumber only the specific items of inventory and/or equipment acquired by Borrower with the financing provided by the relevant secured party.
