Permitted Encumbrance. 1.4 Any reference in any of the Facility Documents to a Permitted Encumbrance is not intended to and shall not be interpreted as subordinating or postponing, or as any agreement to subordinate or postpone, any obligation of any Credit Party to the Lender under any of the Facility Documents, or any security therefor, to such Permitted Encumbrance.
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Samples: Credit Agreement (Mudrick Capital Acquisition Corp), Credit Agreement (Alio Gold Inc.)
Permitted Encumbrance. 1.4 Any reference in any of the Facility Documents to a Permitted Encumbrance is not intended to and shall not be interpreted as subordinating or postponing, or as any agreement to subordinate or postpone, any obligation of any Credit Party to the Lender under any of the Facility Documents, or any security therefor, to such Permitted Encumbrance.. Currency
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Permitted Encumbrance. 1.4 Any reference in any of the Facility Documents to a Permitted Encumbrance is not intended to and shall not be interpreted as subordinating or postponing, or as any agreement to subordinate or postpone, any obligation of any Credit Party the Borrower to the Lender under any of the Facility Documents, or Documents to any security therefor, to such Permitted Encumbrance.
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