Common use of Pledge or Encumbrance of Assets Clause in Contracts

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. 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 Articles of TrustIncorporation, 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. The Borrower will not cause or permit pennit any Fund to create, incur, assume or permit 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, which consent shall not be unreasonably withheld or delayed.