No Prohibited Liens. Except for Permitted Liens, the Borrower shall not create, incur, assume or permit to exist any Lien (i) on the Pledged Taxes or the Borrower’s or the TIFIA Lender’s rights in respect thereof or (ii) on the TIFIA Debt Service Account, the TIFIA Reserve Account, the Revenue Sharing Account or any Construction Account.
No Prohibited Liens. Except for Permitted Liens, the Borrower shall not create, incur, assume or permit to exist any Lien on any property or asset now owned or hereafter acquired by it or assign or sell any income or revenues (including accounts receivable) or rights in respect of any thereof.
No Prohibited Liens. Except for Permitted Liens, the Borrower shall not create, incur, assume or permit to exist any Lien on the Project, the Trust Estate, the Pledged Revenues, or the Borrower’s respective rights therein. The Borrower shall not collaterally assign any of its rights under or pursuant to any Principal Project Contract and shall not permit a Lien to encumber the Borrower’s rights or privileges under any Principal Project Contract, unless pursuant to the Indenture Documents in favor of the Trustee on behalf of the Secured Parties.
No Prohibited Liens. Except for Permitted Liens, the City shall not create, incur, assume or permit to exist any Lien on the Project, the Pledged Collateral, the System Revenues, or the City’s respective rights therein. The City shall not collaterally assign any of its rights under or pursuant to any Principal Project Contract and shall not permit a Lien to encumber the City’s rights or privileges under any Principal Project Contract, unless pursuant to the Financing Documents in favor of all Secured Parties. The Corporation shall not collaterally assign any of its rights under or pursuant to the ISA and shall not permit a Lien to encumber the Corporation’s rights or privileges under the ISA other than as provided in the Assignment Agreement. Notwithstanding the previous sentence, the Corporation may collaterally assign its rights to receive payments under other installment sale agreements entered into in connection with the issuance of Permitted Debt.
No Prohibited Liens. Except for Permitted Liens, the Borrower has not created, and is not under any obligation to create, and has not entered into any transaction or agreement that would result in the imposition of, any Lien on the Pledged Collateral, the System, the Project, the Revenues, or the Borrower’s respective rights in any of the foregoing.
No Prohibited Liens. Except for the pledge and assignment with respect to the WIFIA Loan for the benefit of the WIFIA Lender, the Borrower shall not create, incur, assume or permit to exist any Lien on the Borrower Assigned Rights.
No Prohibited Liens. In no event may this Agreement secure payment of any debt subject to title IV of the Texas Finance Code or create a lien otherwise prohibited by law.
No Prohibited Liens. Except for Permitted Liens, the City has not created, and is not under any obligation to create, and has not entered into any transaction or agreement that would result in the imposition of, any Lien on the City Pledged Collateral, the System, the Project or the properties or assets in relation to the Project.
No Prohibited Liens. Except for Permitted Liens, the City shall not create, incur, assume or permit to exist any Lien on the System, the Project, the City Pledged Collateral, or the City’s respective rights therein.
No Prohibited Liens. Except for Permitted Liens, the Borrower shall not create, incur, assume or permit to exist any Lien on the C-470 Express Lanes, the Trust Estate, the Pledged Revenues, or the Borrower’s respective rights therein. The Borrower shall not collaterally assign (and shall not permit CDOT to assign) any of its rights under or pursuant to any Principal Project Contract and shall not permit a Lien to encumber the Borrower’s or CDOT’s rights or privileges under any Principal Project Contract, unless pursuant to the Indenture Documents in favor of the Trustee on behalf of the Secured Parties.
