Common use of No Liens; Exceptions Clause in Contracts

No Liens; Exceptions. Create, incur, assume or suffer to exist any Lien upon or with respect to any of the Collateral, whether now owned or hereafter acquired, other than the following permitted Liens: (a) Liens at any time existing in favor of the Lender; (b) Liens which are listed in Exhibit F attached hereto; (c) Inchoate Liens arising by operation of law for the purchase of labor, services, materials, equipment or supplies, provided payment shall not be delinquent and, if such Lien is a lien upon the Property or Improvements, which Lien is fully subordinate to the Mortgage, and is disclosed to Lender and bonded off and removed from the Property and Improvements in a manner satisfactory to Lender; (d) Liens incurred in the ordinary course of business in connection with worker's compensation, unemployment insurance or other forms of governmental insurance or benefits, or to secure performance of statutory obligations (provided Borrower complies with all obligations with respect to such insurance, benefits and statutory obligations); (e) Liens for current year's taxes, assessments or governmental charges or levies provided payment thereof shall not be delinquent; and

No Liens; Exceptions. Create, incur, assume or suffer to exist any Lien upon or with respect to the Facility or any of its properties, rights, income or other assets relating thereto, including, without limitation, the Collateral, whether now owned or hereafter acquired, other than the following permitted Liens:Liens (“Permitted Encumbrances”): (a) Liens at any time existing in favor of the Lender;, (b) Liens which are listed in Exhibit F attached hereto; (c) Inchoate Liens arising by operation of law for the purchase of labor, services, materials, equipment or supplies, provided payment shall not be delinquent and, if such Lien is a lien upon any of the Property or Improvements, which such Lien is must be fully subordinate to the Mortgage, and is disclosed to Lender and bonded off and removed from the Property and Improvements Improvements, within thirty (30) days of its creation, in a manner satisfactory to Lender;, (dc) Liens incurred in the ordinary course of business in connection with worker's workers’ compensation, unemployment insurance or other forms of governmental insurance or benefits, or to secure performance of tenders, statutory obligations obligations, leases and contracts (provided Borrower complies with all obligations other than for money borrowed or for credit received with respect to such insuranceproperty acquired) entered into in the ordinary course of business as presently conducted or to secure obligations for surety or appeal bonds, benefits and statutory obligations);and (ed) Liens for current year's ’s taxes, assessments or governmental charges or levies provided payment thereof shall not be delinquent; and.

No Liens; Exceptions. Create, incur, assume or suffer to exist any Lien upon or with respect to any of the Collateralits rights, income or other assets, whether now owned or hereafter acquired, other than the following permitted Permitted Liens: (a) Liens at any time existing in favor of the Lender; (b) Liens which are listed in Exhibit F attached hereto; (c) Inchoate Liens arising by operation of law for the purchase of labor, services, materials, equipment or supplies, provided payment shall not be delinquent and, if such Lien is a lien upon any of the Property or Improvements, which Lien is fully subordinate to the MortgageDeed of Trust, and is disclosed to Lender and bonded off and removed from the Property and Improvements in a manner satisfactory to Lender; (d) Liens incurred in the ordinary course of business in connection with workerworkmen's compensation, unemployment insurance or other forms of governmental insurance or benefits, or to secure performance of statutory obligations (provided Borrower complies with all obligations with respect to such insurance, benefits and statutory obligations); (e) Liens for current year's taxes, assessments or governmental charges or levies provided payment thereof shall not be delinquent; and;