Common use of Permitted Encumbrances Only Clause in Contracts

Permitted Encumbrances Only. At all times throughout the term of the Credit Facility, Borrower shall not create, incur, assume or suffer to exist any mortgage, deed of trust, pledge, Lien, security interest, encumbrance, attachment, levy, distraint, or other judicial process and burdens of every kind and nature except the Permitted Encumbrances on or with respect to the Collateral, except (a) with respect to matters described in Sections 5.03 and 5.10 such items as are being contested in the manner described therein, and (b) with respect to any other items, if any, as are being contested in good faith by appropriate proceedings and for which Borrower has maintained adequate reserves for the payment thereof.

Permitted Encumbrances Only. At all times throughout the term of the Credit Facility, Borrower Borrowers shall not create, incur, assume or suffer to exist any mortgage, deed of trust, pledge, Lienlien, security interest, encumbrance, attachment, levy, distraint, or other judicial process and burdens of every kind and nature except the Permitted Encumbrances on or with respect to the Collateral, except (a) with respect to matters described in Sections 5.03 and 5.10 such items as are being contested in the manner described therein, and (b) with respect to any other items, if any, as are being contested in good faith by appropriate proceedings and for which Borrower has Borrowers have maintained adequate reserves for the payment thereof.

Permitted Encumbrances Only. At all times throughout the term of the Credit FacilityBank Facilities, Borrower shall not create, incur, assume or suffer to exist any mortgage, deed of trust, pledge, Lienlien, security interest, encumbrance, attachment, levy, distraint, or other judicial process and burdens of every kind and nature except the Permitted Encumbrances on or with respect to the Collateral, except (a) with respect to matters described in Sections 5.03 and 5.10 such items as are being contested in the manner described therein, and (b) with respect to any other items, if any, as are being contested in good faith by appropriate proceedings and for which Borrower Xxxxxxxx has maintained adequate reserves for the payment thereof.