Common use of Prohibition Against Further Encumbrance Clause in Contracts

Prohibition Against Further Encumbrance. Borrower shall not, without the prior consent of Lender, further pledge, assign or grant any security interest in the Reserve Funds or permit any lien or encumbrance to attach thereto, or any levy to be made thereon, or any UCC-1 Financing Statements, except those naming Lender as the secured party, to be filed with respect thereto.

Appears in 36 contracts

Samples: Loan Agreement (Industrial Logistics Properties Trust), Loan Agreement (Industrial Logistics Properties Trust), Management Agreement (Ashford Hospitality Prime, Inc.)

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Prohibition Against Further Encumbrance. Borrower shall not, without the prior consent of Lender, further pledge, assign or grant any security interest in the Required Reserve Funds Funds, or permit any lien or encumbrance to attach thereto, or any levy to be made thereon, or any UCC-1 Financing Statements, except those naming Lender as the secured party, to be filed with respect thereto.

Appears in 9 contracts

Samples: Loan Agreement (Affordable Residential Communities Inc), Loan Agreement (Affordable Residential Communities Inc), Loan Agreement (Affordable Residential Communities Inc)

Prohibition Against Further Encumbrance. Borrower shall not, without the prior consent of Lender, further pledge, assign or grant any security interest in the Reserve Funds or permit any lien Lien or encumbrance to attach thereto, thereto or any levy to be made thereon, thereon or any UCC-1 Financing Statementsfinancing statements to be filed with respect thereto, except those naming Lender as the secured party, to be filed with respect thereto.

Appears in 7 contracts

Samples: Mezzanine Loan Agreement (New York REIT, Inc.), Mezzanine Loan Agreement (Hospitality Investors Trust, Inc.), First Mezzanine Loan Agreement (Clipper Realty Inc.)

Prohibition Against Further Encumbrance. Borrower shall not, without the prior consent of Lender, further pledge, assign or grant any security interest in the Reserve Funds or permit any lien Lien or encumbrance to attach thereto, or any levy to be made thereon, or any UCC-1 Financing Statements, except those naming Lender as the secured party, to be filed with respect thereto.

Appears in 5 contracts

Samples: Loan Agreement (Lazydays Holdings, Inc.), Loan Agreement (O'Donnell Strategic Industrial REIT, Inc.), Loan Agreement (O'Donnell Strategic Industrial REIT, Inc.)

Prohibition Against Further Encumbrance. Borrower shall not, without the prior consent of Lender, further pledge, assign or grant any security interest in the Reserve Funds or permit any lien or encumbrance to attach thereto, or any levy to be made thereon, or any UCC-1 Financing Statements, except those naming Lender as the secured party, to be filed with respect thereto.

Appears in 4 contracts

Samples: Loan Agreement (Host Marriott L P), Loan Agreement (Host Marriott Corp/), Loan Agreement (Hilton Hotels Corp)

Prohibition Against Further Encumbrance. Borrower shall not, without the prior consent of Lender, further pledge, assign or grant any security interest in the Reserve Funds or permit any lien Lien or encumbrance to attach thereto, thereto or any levy to be made thereon, thereon or any UCC-1 Financing Statementsfinancing statements to be filed with respect thereto, except those naming Lender as the secured party, to be filed with respect thereto.

Appears in 3 contracts

Samples: Loan Agreement (Lodging Fund REIT III, Inc.), Loan Agreement (Lodging Fund REIT III, Inc.), Loan Agreement (United Realty Trust Inc)

Prohibition Against Further Encumbrance. Borrower shall not, without the prior written consent of Lender, further pledge, assign or grant any security interest in the any Reserve Funds Account or permit any lien or encumbrance to attach thereto, or any levy to be made thereon, thereon or any a UCC-1 Financing Statementsfinancing statement, except those naming Lender as the secured partySecured Party, to be filed with respect thereto.

Appears in 3 contracts

Samples: Loan Agreement (Wheeler Real Estate Investment Trust, Inc.), Loan Agreement (Wheeler Real Estate Investment Trust, Inc.), Loan Agreement (New England Realty Associates Limited Partnership)

Prohibition Against Further Encumbrance. Borrower shall not, without the prior consent of Lender, further pledge, assign or grant any security interest in the Reserve Funds or (except for the rights of Cash Management Bank under the Cash Management Agreement and for the rights of Master Tenant with respect to the Master Tenant Accounts) permit any lien Lien or encumbrance to attach thereto, or any levy to be made thereon, or any UCC-1 Financing Statements, except those naming Lender as the secured party, to be filed with respect thereto.

Appears in 3 contracts

Samples: Loan Agreement (Moody National REIT I, Inc.), Loan Agreement (Moody National REIT I, Inc.), Loan Agreement (Moody National REIT I, Inc.)

Prohibition Against Further Encumbrance. Borrower shall not, without the prior consent of Lender, further pledge, assign or grant any security interest in the Reserve Funds or permit any lien or encumbrance to attach thereto, or any levy to be made thereon, or any UCC-1 UCC-l Financing Statements, except those naming Lender as the secured party, to be filed with respect thereto.

Appears in 2 contracts

Samples: Loan Agreement (Americold Realty Trust), Loan Agreement (Americold Realty Trust)

Prohibition Against Further Encumbrance. Borrower shall not, without the prior consent of Lender, further pledge, assign or grant any security interest in the Reserve Funds or the Accounts or permit any lien Lien or encumbrance to attach thereto, thereto or any levy to be made thereon, thereon or any UCC-1 Financing Statementsfinancing statements to be filed with respect thereto, except those naming Lender as the secured party, to be filed with respect thereto.

Appears in 2 contracts

Samples: Mezzanine B Loan Agreement (Hospitality Investors Trust, Inc.), Mezzanine a Loan Agreement (Hospitality Investors Trust, Inc.)

Prohibition Against Further Encumbrance. No Borrower shall notshall, without the prior written consent of Lender, further pledge, assign or grant any security interest in the Reserve Funds or permit any lien Lien or encumbrance to attach thereto, thereto or any levy to be made thereon, thereon or any UCC-1 Financing Statementsfinancing statements to be filed with respect thereto, except those naming Lender as the secured party, to be filed with respect thereto.

Appears in 2 contracts

Samples: Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc)

Prohibition Against Further Encumbrance. No Borrower shall notshall, without the prior written consent of Lender, further pledge, assign or grant any security interest in the Reserve Funds or permit any lien Lien or encumbrance to attach thereto, or any levy to be made thereon, or any UCC-1 Financing Statements, except those naming Lender as the secured party, to be filed with respect thereto.

Appears in 2 contracts

Samples: Lease Agreement (American Realty Capital Hospitality Trust, Inc.), Lease Agreement (American Realty Capital Hospitality Trust, Inc.)

Prohibition Against Further Encumbrance. Borrower shall not, without the prior written consent of Lender, further pledge, assign or grant any security interest in the Reserve Funds or permit any lien Lien or encumbrance to attach thereto, or any levy to be made thereon, or any UCC-1 Financing Statements, except those naming Lender as the secured party, to be filed with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (American Realty Capital New York City REIT, Inc.)

Prohibition Against Further Encumbrance. No Borrower shall notshall, without the prior consent of Lender, further pledge, assign or grant any security interest in the Reserve Funds or permit any lien Lien or encumbrance to attach thereto, thereto or any levy to be made thereon, thereon or any UCC-1 Financing Statementsfinancing statements to be filed with respect thereto, except those naming Lender as the secured party, to be filed with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (Horizon Group Properties Inc)

Prohibition Against Further Encumbrance. Borrower shall not, without the prior consent of Lender, further pledge, assign or grant any security interest in the Reserve Funds or permit any lien or encumbrance to attach thereto, or any levy to be made thereon, or any UCC-1 Financing Statements, except those naming Lender as the secured party, to be filed with respect thereto. 6.9.5.

Appears in 1 contract

Samples: Loan Agreement (Pillarstone Capital Reit)

Prohibition Against Further Encumbrance. Borrower shall not, without the prior consent of Lender, further pledge, assign or grant any security interest in the Reserves or funds contained in any of the Reserve Funds Escrow Accounts or permit any lien or encumbrance to attach thereto, or any levy to be made thereon, or any UCC-1 Financing Statements, except those naming Lender as the secured party, to be filed with respect thereto.

Appears in 1 contract

Samples: Reserve and Security Agreement (Pyramid Breweries Inc)

Prohibition Against Further Encumbrance. No Borrower shall notshall, without the prior consent of Lender, further pledge, assign or grant any security interest in the Reserve Funds or permit any lien or encumbrance to attach thereto, or any levy to be made thereon, or any UCC-1 Financing Statements, except those naming Lender as the secured party, to be filed with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (Wells Real Estate Investment Trust Inc)

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Prohibition Against Further Encumbrance. Borrower shall not, without the prior consent of Lender, further pledge, assign or grant any security interest in the Reserve Funds or permit any lien or encumbrance to attach thereto, or any levy to be made thereon, or any UCC-1 Financing Statements, except those naming Lender as the secured party, to be he filed with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (Americold Realty Trust)

Prohibition Against Further Encumbrance. No Borrower shall notshall, without the prior consent of Lender, further pledge, assign or grant any security interest in the Reserve Funds or permit any lien or encumbrance to attach thereto, thereto or any levy to be made thereon, thereon or any UCC-1 Financing Statementsfinancing statements to be filed with respect thereto, except those naming Lender as the secured party, to be filed with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (Reckson Operating Partnership Lp)

Prohibition Against Further Encumbrance. Borrower shall not, without the prior consent of Lender, further pledge, assign or grant any security interest in the Reserve Funds Collateral or permit any lien or encumbrance to attach thereto, or any levy to be made thereon, or any UCC-1 Financing Statements, except those naming Lender as the secured party, to be filed with respect thereto.

Appears in 1 contract

Samples: Cash Collateral Agreement (LGL Group Inc)

Prohibition Against Further Encumbrance. No Borrower shall notshall, without the prior written consent of Lender, further pledge, assign or grant any security interest in the Reserve Funds or permit any lien Lien or encumbrance to attach thereto, thereto or any levy to be made thereon, thereon or any UCC-1 Financing Statementsfinancing statements to be filed with respect thereto, except those naming Lender as the secured party, to be filed with respect thereto.. Pool 2

Appears in 1 contract

Samples: Loan Agreement (Ashford Hospitality Trust Inc)

Prohibition Against Further Encumbrance. Borrower shall not, without the prior consent of Lender, further pledge, assign or grant any security interest in the Cash Management Account and the Reserve Funds or permit any lien or encumbrance to attach thereto, or any levy to be made thereon, or any UCC-1 UCC‑1 Financing Statements, except those naming Lender as the secured party, to be filed with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (Pacific Oak Strategic Opportunity REIT II, Inc.)

Prohibition Against Further Encumbrance. No Borrower shall notshall, without the prior written consent of Lender, further pledge, assign or grant any security interest in the Reserve Funds or permit any lien or encumbrance to attach thereto, or any levy to be made thereon, or any UCC-1 Financing Statementsfinancing statements, except those naming Lender as the secured party, to be filed with respect thereto.

Appears in 1 contract

Samples: First Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.)

Prohibition Against Further Encumbrance. No Borrower shall notshall, without the prior written consent of Lender, further pledge, assign or grant any security interest in the Reserve Funds or permit any lien Lien or encumbrance to attach thereto, thereto or any levy to be made thereon, thereon or any UCC-1 Financing Statementsfinancing statements to be filed with respect thereto, except those naming Lender as the secured party, to be filed with respect thereto.. Pool 1

Appears in 1 contract

Samples: Loan Agreement (Ashford Hospitality Trust Inc)

Prohibition Against Further Encumbrance. Borrower shall not, without the prior consent of Lender, further pledge, assign or grant any security interest in the Reserve Funds or permit any lien Lien or encumbrance (other than the Permitted Encumbrances, including a the Lien created by the Loan Documents) to attach thereto, thereto or any levy to be made thereon, thereon or any UCC-1 Financing Statementsfinancing statements to be filed with respect thereto, except those naming Lender as the secured party, to be filed with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (Glimcher Realty Trust)

Prohibition Against Further Encumbrance. Borrower shall not, without the prior consent of Lender, not further pledge, assign or grant any security interest in the Reserves or the Reserve Funds or permit any lien or encumbrance to attach thereto, or any levy to be made thereon, or any UCC-1 UCC 1 Financing Statements, except those naming Lender as the secured party, to be filed with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (Strategic Hotels & Resorts, Inc)

Prohibition Against Further Encumbrance. Borrower Borrowers shall not, without the prior consent of Lender, further pledge, assign or grant any security interest in the Reserve Funds or permit any lien or encumbrance to attach thereto, or any levy to be made thereon, or any UCC-1 Financing Statements, except those naming Lender as the secured party, to be filed with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (Cole Credit Property Trust V, Inc.)

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