Common use of Permitted Liens; Financing Statements Clause in Contracts

Permitted Liens; Financing Statements. (a) The Borrower will not create, incur or suffer to exist any Lien upon or of any of its assets, now owned or hereafter acquired, to secure any indebtedness; excluding, however, from the operation of the foregoing, the following (each a “Permitted Lien”; collectively, “Permitted Liens”):

Appears in 16 contracts

Samples: Credit and Security Agreement (Christopher & Banks Corp), Credit and Security Agreement (Professional Veterinary Products LTD /Ne/), Credit and Security Agreement (Professional Veterinary Products LTD /Ne/)

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Permitted Liens; Financing Statements. (a) The Borrower will not create, incur or suffer to exist any Lien upon or of any of its assets, now owned or hereafter acquired, to secure any indebtedness; excluding, however, from the operation of the foregoing, the following (each a “Permitted Lien”; collectively, "Permitted Liens"):

Appears in 12 contracts

Samples: Credit and Security Agreement (Pro Dex Inc), Credit and Security Agreement (2nd Swing Inc), Credit and Security Agreement (Netlist Inc)

Permitted Liens; Financing Statements. (a) The Borrower will not create, incur or suffer to exist any Lien upon or of any of its assets, now owned or hereafter acquired, to secure any indebtedness; excluding, however, from the operation of the foregoing, the following (each a “Permitted Lien”; collectively, “Permitted Liens”):

Appears in 8 contracts

Samples: Credit and Security Agreement (Corsair Components, Inc.), Management Agreement (REX AMERICAN RESOURCES Corp), Credit and Security Agreement (Ciber Inc)

Permitted Liens; Financing Statements. (a) The Borrower will not create, incur or suffer to exist any Lien upon or of any of its assets, now owned or hereafter acquired, to secure any indebtednessIndebtedness; excluding, however, from the operation of the foregoing, the following (each a “Permitted Lien”; collectively, “Permitted Liens”):

Appears in 4 contracts

Samples: Credit Agreement (Landec Corp \Ca\), Credit Agreement (Landec Corp \Ca\), Im Credit Agreement (Landec Corp \Ca\)

Permitted Liens; Financing Statements. (a) The No Borrower will not create, incur or suffer to exist any Lien upon or of any of its assets, now owned or hereafter acquired, to secure any indebtedness; excluding, however, from the operation of the foregoing, the following (each a “Permitted Lien”; collectively, “Permitted Liens”):

Appears in 3 contracts

Samples: Credit and Security Agreement (Global Employment Holdings, Inc.), Credit and Security Agreement (Global Employment Holdings, Inc.), Credit and Security Agreement   by And (Miscor Group, Ltd.)

Permitted Liens; Financing Statements. (a) The Borrower will not create, incur or suffer to exist any Lien upon or of any of its assets, now owned or hereafter acquired, to secure any indebtedness; excluding, however, from the operation of the foregoing, the following (each a "Permitted Lien"; collectively, "Permitted Liens"):

Appears in 3 contracts

Samples: Credit and Security Agreement (Tradestar Services, Inc.), Credit and Security Agreement (Seaway Valley Capital Corp), Credit and Security Agreement (Interpharm Holdings Inc)

Permitted Liens; Financing Statements. (a) The Borrower will not create, incur or suffer to exist any Lien upon or of any of its assets, now owned or hereafter acquired, to secure any indebtedness; excluding, however, from the operation of the foregoing, the following (each a “Permitted Lien”; collectively, “Permitted Liens”):

Appears in 2 contracts

Samples: Credit and Security Agreement (Exabyte Corp /De/), Credit and Security Agreement (Exabyte Corp /De/)

Permitted Liens; Financing Statements. (a) The Borrower will not create, incur or suffer to exist any Lien upon or of any of its assetsthe Collateral, now owned or hereafter acquired, to secure any indebtedness; excluding, however, from the operation of the foregoing, the following (each a "Permitted Lien"; collectively, "Permitted Liens"):

Appears in 2 contracts

Samples: Credit and Security Agreement (CPS Technologies Corp/De/), Credit and Security Agreement by And (CPS Technologies Corp/De/)

Permitted Liens; Financing Statements. (a) The Borrower Borrowers will not create, incur or suffer to exist any Lien upon or of any of its their assets, now owned or hereafter acquired, to secure any indebtedness; excluding, however, from the operation of the foregoing, the following (each a "Permitted Lien"; collectively, "Permitted Liens"):

Appears in 2 contracts

Samples: Credit and Security Agreement (Misonix Inc), Credit and Security Agreement (Misonix Inc)

Permitted Liens; Financing Statements. (a) The Borrower will not create, incur or suffer to exist any Lien upon or of any of its assets, now owned or hereafter acquired, to secure any indebtedness; excluding, however, from the operation of the foregoing, the following (each a “Permitted Lien”; collectively, “Permitted Liens”):

Appears in 2 contracts

Samples: Credit and Security Agreement (Landec Corp \Ca\), Credit and Security Agreement (Landec Corp \Ca\)

Permitted Liens; Financing Statements. (a) The No Borrower will not create, incur or suffer to exist any Lien upon or of any of its assets, now owned or hereafter acquired, to secure any indebtedness; excluding, however, from the operation of the foregoing, the following (each a “Permitted Lien”; collectively, “Permitted Liens”):

Appears in 2 contracts

Samples: Credit and Security Agreement (Smtek International Inc), Credit and Security Agreement (Global Employment Holdings, Inc.)

Permitted Liens; Financing Statements. (a) The Borrower will not, and will cause each Subsidiary not to, create, incur or suffer to exist any Lien upon or of any of its or their assets, now owned or hereafter acquired, to secure any indebtedness; excluding, however, from the operation of the foregoing, the following (each a “Permitted Lien”; collectively, “Permitted Liens”):

Appears in 1 contract

Samples: Credit and Security Agreement (Ciber Inc)

Permitted Liens; Financing Statements. (a) The Borrower will not, and shall cause each of its Subsidiaries not to, create, incur or suffer to exist any Lien upon or of any of its assets, now owned or hereafter acquired, to secure any indebtedness; excluding, however, from the operation of the foregoing, the following (each a “Permitted Lien”; collectively, “Permitted Liens”):

Appears in 1 contract

Samples: Credit and Security Agreement (Nortech Systems Inc)

Permitted Liens; Financing Statements. (a) The Borrower Borrowers will not create, incur or suffer to exist any Lien upon or of any of its their respective assets, now owned or hereafter acquired, to secure any indebtedness; excluding, however, from the operation of the foregoing, the following (each a “Permitted Lien”; collectively, “Permitted Liens”):

Appears in 1 contract

Samples: Credit and Security Agreement (Orion Energy Systems, Inc.)

Permitted Liens; Financing Statements. (a) The Borrower Borrowers will not create, incur or suffer to exist any Lien upon or of any of its their assets, now owned or hereafter acquired, to secure any indebtedness; excludingEXCLUDING, howeverHOWEVER, from the operation of the foregoing, the following (each a "Permitted Lien"; collectively, "Permitted Liens"):

Appears in 1 contract

Samples: Credit and Security Agreement (Emrise CORP)

Permitted Liens; Financing Statements. (a) The Borrower Borrowers will not create, incur or suffer to exist any Lien upon or of on any of its their respective assets, now owned or hereafter acquired, to secure any indebtednessDebt; excluding, however, from the operation of the foregoing, the following (each a “Permitted Lien”; collectively, “Permitted Liens”):

Appears in 1 contract

Samples: Loan and Security Agreement (Vein Associates of America Inc)

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Permitted Liens; Financing Statements. (a) The Borrower Borrowers will not create, incur or suffer to exist any Lien upon or of any of its their assets, now owned or hereafter acquired, to secure any indebtedness; excluding, however, from the operation of the foregoing, the following (each a “Permitted Lien”; collectively, “Permitted Liens”):

Appears in 1 contract

Samples: Credit and Security Agreement (Pacific Cma Inc)

Permitted Liens; Financing Statements. (a) The No Borrower will not create, incur or suffer to exist any Lien upon or of any of its assets, now owned or hereafter acquired, to secure any indebtedness; excluding, however, from the operation of the foregoing, the following (each a “Permitted Lien”; collectively, "Permitted Liens"):

Appears in 1 contract

Samples: Credit and Security Agreement (Leather Factory Inc)

Permitted Liens; Financing Statements. (a) The No Borrower will not create, incur or suffer to exist any Lien upon or of any of its assetsthe Collateral, now owned or hereafter acquired, to secure any indebtedness; excluding, however, from the operation of the foregoing, the following (each a “Permitted Lien”; collectively, "Permitted Liens"):

Appears in 1 contract

Samples: Credit and Security Agreement (Ramtron International Corp)

Permitted Liens; Financing Statements. (a) The Borrower None of the Obligors will not create, incur or suffer to exist any Lien upon or of any of its assets, now owned or hereafter acquired, to secure any indebtedness; excluding, however, from the operation of the foregoing, the following (each a “Permitted Lien”; collectively, “Permitted Liens”):

Appears in 1 contract

Samples: Credit and Security Agreement (Infotech Usa Inc)

Permitted Liens; Financing Statements. (a) The No Borrower will not create, incur or suffer to exist any Lien upon or of any of its assets, now owned or hereafter acquired, to secure any indebtedness; excludingEXCLUDING, howeverHOWEVER, from the operation of the foregoing, the following (each a "Permitted Lien”; ;" collectively, "Permitted Liens"):

Appears in 1 contract

Samples: Security Agreement (Allis Chalmers Corp)

Permitted Liens; Financing Statements. (a) The Borrower will not create, incur or suffer to exist any Lien upon or of any of its assets, now owned or hereafter acquired, to secure any indebtedness; excludingEXCLUDING, howeverHOWEVER, from the operation of the foregoing, the following (each a “Permitted Lien”; collectively, "Permitted Liens"):

Appears in 1 contract

Samples: Credit and Security Agreement (Metretek Technologies Inc)

Permitted Liens; Financing Statements. (a) The Borrower will not create, incur or suffer to exist any Lien upon or of any of its assets, now owned or hereafter acquired, to secure any indebtedness; excluding, however, from the operation of the foregoing, the following (each a “Permitted Lien”; ” and collectively, the “Permitted Liens”):

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Biovest International Inc)

Permitted Liens; Financing Statements. (a) The Borrower will not create, incur or suffer to exist any Lien other than Permitted Liens upon or of any of its assets, now owned or hereafter acquired, to secure any indebtedness; excluding, however, from the operation of the foregoing, the following (each a “Permitted Lien”; collectively, “Permitted Liens”):Debt.

Appears in 1 contract

Samples: Credit and Security Agreement (Digital Angel Corp)

Permitted Liens; Financing Statements. (a) The Borrower will not create, incur or suffer to exist any Lien upon or of any of its assets, now owned or hereafter acquired, to secure any indebtedness; excluding, however, from the operation of ------------------- the foregoing, the following (each a “Permitted Lien”; collectively, "Permitted Liens"):

Appears in 1 contract

Samples: Credit and Security Agreement (Primesource Healthcare Inc)

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