Common use of NO OBLIGATION TO CREATE Clause in Contracts

NO OBLIGATION TO CREATE. SECURITY Its execution of the Facility Documents and its exercise of its rights and performance of its obligations thereunder will not result in the existence of nor oblige it to create any encumbrance over all or any of its present or future revenues or assets except pursuant to the Facility Documents;

NO OBLIGATION TO CREATE. SECURITY Its execution of the Facility Documents to which it is a party and its exercise of its rights and performance of its obligations thereunder will not result in the existence of nor oblige it to create any encumbrance over all or any of its present or future revenues or assets except pursuant to the such Facility Documents;