Common use of Permitted Encumbrances Clause in Contracts

Permitted Encumbrances. The designation of an Encumbrance as a Permitted Encumbrance is not, and shall not be deemed to be, an acknowledgment by the Lender that the Encumbrance shall have priority over the Security.

Appears in 8 contracts

Samples: Credit Agreement (Integra Resources Corp.), Credit Agreement (VIQ Solutions Inc.), Credit Agreement (Integra Resources Corp.)

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Permitted Encumbrances. The designation of an Encumbrance as a Permitted Encumbrance is not, and shall not be deemed to be, an acknowledgment by the Lender Lenders that the Encumbrance shall have priority over the Security.

Appears in 7 contracts

Samples: Credit Agreement (CHC Helicopter Corp), Credit Agreement (Norske Skog Canada LTD), Bridge Credit Agreement (Rogers Communications Inc)

Permitted Encumbrances. The designation of an Encumbrance as a Permitted Encumbrance is not, and shall not be deemed to be, an acknowledgment by the Lender Agent or the Lenders that the Encumbrance shall have priority over the Security.

Appears in 5 contracts

Samples: Credit Agreement (PHH Corp), Credit Agreement (Convergys Corp), Credit Agreement (Canwest Mediaworks Inc)

Permitted Encumbrances. The designation of an Encumbrance as a Permitted Encumbrance is not, and shall not be deemed to be, an acknowledgment by the Lender that the such Encumbrance shall have priority over the Security.

Appears in 1 contract

Samples: Credit Agreement (Americredit Corp)

Permitted Encumbrances. The designation of an Encumbrance as a Permitted Encumbrance is not, and shall not be deemed to be, an acknowledgment by the Lender that the such Encumbrance shall have priority over the SecurityLender's security interest in the Collateral.

Appears in 1 contract

Samples: Credit Agreement (E Loan Inc)

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Permitted Encumbrances. The designation of an Encumbrance as a Permitted Encumbrance is not, and shall not be deemed or construed to be, an acknowledgment by the Lender Lenders that the Encumbrance shall have priority over the SecuritySecurity or that such Encumbrance shall be permitted to have such priority.

Appears in 1 contract

Samples: Credit Agreement (MDC Partners Inc)

Permitted Encumbrances. The designation of an Encumbrance as a Permitted Encumbrance is not, and shall not be deemed to be, an acknowledgment by the Lender that the Encumbrance shall have priority over the Securityclaims of the Lender against the Borrower or the Borrower's Property.

Appears in 1 contract

Samples: Credit Agreement (Jpe Inc)

Permitted Encumbrances. The designation of an Encumbrance as a Permitted Encumbrance is not, and shall not be deemed to be, an acknowledgment by the Lender Noteholders that the such Encumbrance shall have priority over the Security.

Appears in 1 contract

Samples: Credit Agreement (Americredit Corp)

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