Common use of Prohibition Against Further Encumbrance Clause in Contracts

Prohibition Against Further Encumbrance. Borrower shall not (and Borrower shall cause the Operating Company to not), without the prior consent of Agent, further pledge, assign or grant any security interest in the 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 Agent as the secured party, to be filed with respect thereto.

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement (Empire State Realty Trust, Inc.), Loan Agreement (Empire State Realty Trust, Inc.)

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Prohibition Against Further Encumbrance. Borrower shall not (and Borrower shall cause the Operating Company to not), without the prior consent of Agent, further pledge, assign or grant any security interest in the 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 Agent as the secured party, to be filed with respect thereto.

Appears in 2 contracts

Samples: Loan Agreement (Hilton Worldwide Holdings Inc.), Building Loan Agreement (Alexanders Inc)

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Prohibition Against Further Encumbrance. Borrower shall not (and Borrower shall cause the Operating Company to not), without the prior consent of Agent, further pledge, assign or grant any security interest in the 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 Agent as the secured party, to be filed with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (Sothebys)

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