Common use of No Prohibited Liens Clause in Contracts

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 Borrower shall not create, incur, assume or permit to exist any Lien on the Net Revenues, the Utility, the Project, the Trust EstateGross Revenues, the Pledged Revenuesproperties or assets in relation to the Project, or the Borrower’s respective rights therein. The Borrower shall not collaterally assign in 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 Partiesforegoing.

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 EstatePledged Collateral, the Pledged Revenues, or the Borrower’s respective rights therein. The Borrower shall not collaterally assign in any of its rights under the foregoing and the Pledged Collateral will be free and clear of any Lien that is of equal rank with 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 senior to the Indenture Documents in favor pledge of the Trustee on behalf Borrower created under the Bond Resolution Documents for the benefit of the Secured PartiesWIFIA Lender.

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 (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.