Pledge or Encumbrance of Assets. Other than the Permitted Liens, Borrower will not create, incur, assume or permit to exist, arise or attach any Lien in any present or future asset, except for Liens to Bank, Liens existing on the date of this Agreement which have been disclosed to and approved by Bank and Liens imposed by law which secure amounts not at the time due and payable.
Pledge or Encumbrance of Assets. Other than the Permitted Liens, Borrower shall not create, incur, assume or permit to exist any Lien, pledge, mortgage, security interest or encumbrance whatsoever on the Collateral, except for Liens in favor of Bank, and Liens imposed by law which secure amounts not at the time due and payable.
Pledge or Encumbrance of Assets. The Borrower will not cause or permit any Fund to create, incur, assume or permit to continue in existence any Lien on any property or asset now owned or hereafter acquired by the Borrower, except for Permitted Liens. The Borrower shall not amend its Declaration of Trust, prospectus or Statement of Additional Information to revise the permitted borrowings or authorized pledge provisions contained therein with respect to any Fund, except with the prior written consent of the Bank, which consent shall not be unreasonably withheld or delayed.
Pledge or Encumbrance of Assets. Other than the Permitted Liens, Borrower shall not create, incur, assume or permit to exist, arise or attach any Lien in any present or future asset. Borrower shall not create or permit, directly or indirectly, any prohibition or restriction on the creation or existence of a Lien in favor of Lender upon the assets of Borrower nor create any contractual obligation which may O3721488.v4 restrict or inhibit Lender’s rights or abilities to sell or otherwise dispose of all or any part of any Collateral after the occurrence of an Event of Default.
Pledge or Encumbrance of Assets. Other than the Permitted Liens, no Loan Party will create, incur, assume or permit to exist, arise or attach any Lien in any present or future asset. No Loan Party will create or permit, directly or indirectly, any prohibition or restriction on the creation or existence of a Lien in favor of Lender upon the assets of any Loan Party, nor create any contractual obligation which may restrict or inhibit Lender’s rights or abilities to sell or otherwise dispose of all or any part of the Loan Collateral after the occurrence of an Event of Default.
Pledge or Encumbrance of Assets. No Borrower will create, incur, assume, cause or permit to occur or permit to continue in existence (i) any Lien on any property or asset now owned or hereafter acquired by a Borrower, except for Permitted Liens, (ii) any material impairment of the value or priority of Bank’s Lien in Collateral other than impairment in the value of Collateral resulting from economic fluctuations in the value of assets (including inventory) outside of the control of Borrowers, (iii) any condition or circumstance allowing a notice of lien, levy or assessment to be filed against a Borrower or an asset of such Borrower by any government authority (other than Permitted Liens), or (iv) a seizure, attachment or other levy upon an asset of a Borrower by a judicial officer (other than Permitted Liens).
Pledge or Encumbrance of Assets. Borrower will not create, incur, ------------------------------- assume or permit to continue in existence any Lien on any property or asset now owned or hereafter acquired by Borrower, except for Liens to Bank and Liens of governmental entities which secure amounts not at the time due and payable and which are imposed by law without the consent of Borrower and except as permitted by the Borrower's Articles of Incorporation. Borrower shall not amend its Articles of Incorporation to revise the permitted borrowings or authorized pledge provisions contained therein with respect to any Fund, except upon the prior written consent of Bank.
Pledge or Encumbrance of Assets. The Borrower will not cause or pennit any Fund to create, incur, assume or pennit to continue in existence any Lien on any property or asset now owned or hereafter acquired by the Borrower, except for Permitted Liens. The Borrower shall not amend its Declaration of Trust, prospectus or Statement of Additional Information to revise the permitted borrowings or authorized pledge provisions contained therein with respect to any Fund, except with the prior written consent of the Bank.
Pledge or Encumbrance of Assets. Other than the Permitted Liens, create, incur, assume or permit to exist, arise or attach any Lien in any present or future asset. Neither any Loan Party nor any Domestic Subsidiary will create or permit, directly or indirectly, any prohibition or restriction on the creation or existence of a Lien in favor of Lender upon the assets of any Loan Party or any Domestic Subsidiary, nor create any contractual obligation which may restrict or inhibit Lender's rights or abilities to sell or otherwise dispose of all or any part of the Loan Collateral after the occurrence of an Event of Default.
Pledge or Encumbrance of Assets. Other than the Permitted Liens, Borrower shall not create, incur, assume or permit to exist, arise or attach any Lien in any present or future asset, except for Liens to Lender, Liens existing on the Closing Date that have been disclosed to and approved by Lender, and Liens imposed by law which secure amounts not at the time due and payable. Borrower shall not create or permit, directly or indirectly, any prohibition or restriction on the creation or existence of a Lien in favor of Lender upon the assets of Borrower, nor create any contractual obligation which may restrict or inhibit Lender's rights or abilities to sell or otherwise dispose of all or any part of its Collateral after the occurrence of an Event of Default.
