No Liens or Negative Pledges. Neither the Pledged Interests nor any asset owned by the issuer of such Pledged Interest included in the calculation of the Collateral Value Percentage (as and when applicable in accordance with the terms hereof) nor any direct or indirect interest of Borrower in such issuer shall be subject to any Lien (other than Permitted Liens of the types described in clauses (a)(x) and (i) of the definition thereof) or Negative Pledge, other than Negative Pledges permitted pursuant to Section 9.2.(b)(iii) and Section 9.2.(b)(iv).
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Samples: Credit Agreement (Service Properties Trust), Credit Agreement (Service Properties Trust), Credit Agreement (Service Properties Trust)
No Liens or Negative Pledges. Neither At all times Equity Pledges are required pursuant to this Section, neitherNeither the Pledged Interests nor any asset owned by the issuer of such Pledged Interest - 101 - included in the calculation of the Collateral Value Percentage (as and when applicable in accordance with the terms hereof) nor any direct or indirect interest of Borrower in such issuer shall be subject to any Lien (other than Permitted Liens of the types described in clauses (a)(x) and (i) of the definition thereof) or Negative Pledge, other than Negative Pledges permitted pursuant to Section 9.2.(b)(iii) and Section 9.2.(b)(iv).
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