Common use of Prohibition on Liens Clause in Contracts

Prohibition on Liens. The Credit Parties shall not, and shall not permit any of their respective Subsidiaries to, directly or indirectly, create, incur, assume or permit to exist any Lien on or with respect to any property or asset of any kind (including any document or instrument in respect of goods or accounts receivable) of any Credit Party or any of its Subsidiaries, whether now owned or hereafter acquired, or any income or profits therefrom, or file or permit the filing of, or permit to remain in effect, any financing statement or other similar notice of any Lien with respect to any such property, asset, income or profits under the Uniform Commercial Code of any State or under any similar recording or notice statute, except for the following:

Appears in 8 contracts

Samples: Credit Agreement (Beasley Broadcast Group Inc), Second Lien Credit Agreement (Beasley Broadcast Group Inc), Credit Agreement (Beasley Broadcast Group Inc)

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Prohibition on Liens. The Credit Parties Borrowers shall not, and shall not permit any of their respective Restricted Subsidiaries to, directly or indirectly, create, incur, assume or permit to exist any Lien on or with respect to any property or asset of any kind (including any document or instrument in respect of goods or accounts receivable) of any Credit Party such Borrower or any of its SubsidiariesRestricted Subsidiary, whether now owned or hereafter acquired, or any income or profits therefrom, or file or permit the filing of, or permit to remain in effect, any financing statement or other similar notice of any Lien with respect to any such property, asset, income or profits under the Uniform Commercial Code of any State state or under any similar recording or notice statute, except for the following:Permitted Liens.

Appears in 4 contracts

Samples: Credit Agreement (Las Vegas Sands Corp), Credit Agreement (Las Vegas Sands Corp), Credit Agreement (Las Vegas Sands Inc)

Prohibition on Liens. The Credit Parties Borrower shall not, and shall not permit any of their respective its Subsidiaries to, directly or indirectly, create, incur, assume or permit to exist any Lien on or with respect to any property or asset of any kind (including any document or instrument in respect of goods or accounts receivable) of any Credit Party Borrower or any of its Subsidiaries, whether now owned or hereafter acquired, or any income or profits therefrom, or file or permit the filing of, or permit to remain in effect, any financing statement or other similar notice of any Lien with respect to any such property, asset, income or profits under the Uniform Commercial Code of any State or under any similar recording or notice statute, except for the followingexcept:

Appears in 3 contracts

Samples: Credit Agreement (Eldorado Resorts LLC), Credit Agreement (Oakley Inc), Credit Agreement (Directed Electronics, Inc.)

Prohibition on Liens. The Each Credit Parties Party shall not, and shall not permit any of their respective its Subsidiaries to, directly or indirectly, create, incur, assume or permit to exist any Lien on or with respect to any property or asset of any kind (including any document or instrument in respect of goods or accounts receivable) of any Credit Party Company or any of its Subsidiaries, whether now owned or hereafter acquired, or any income or profits therefrom, or record or permit the recording of any mortgage or file or permit the filing of, or permit to remain in effect, of any financing statement or other similar notice of any Lien with respect to any such property, asset, income or profits under the recording laws or the Uniform Commercial Code of any State or under any similar recording or notice statute, except for the followingexcept:

Appears in 1 contract

Samples: Loan and Security Agreement (Calton Inc)

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Prohibition on Liens. The Credit Parties shall notNo Loan Party shall, and no Loan Party shall not permit any of their respective its Subsidiaries to, directly or indirectly, create, incur, assume or permit to exist any Lien on or with respect to any property or asset of any kind (including any document or instrument in respect of goods or accounts receivable) of any Credit Loan Party or any of its Subsidiaries, whether now owned or hereafter acquired, or any income or profits therefrom, or file or permit the filing of, or permit to remain in effect, any financing statement or other similar notice of any Lien with respect to any such property, asset, income or profits under the Uniform Commercial Code of any State or under any similar recording or notice statute, except for the followingexcept:

Appears in 1 contract

Samples: Credit Agreement (Directed Electronics, Inc.)

Prohibition on Liens. The Credit Loan Parties shall not, and shall not permit any of their respective Subsidiaries to, directly or indirectly, create, incur, assume or permit to exist any Lien on or with respect to any property or asset of any kind (including any document or instrument in respect of goods goods, furniture, fixtures, equipment or accounts receivable) of any Credit Party CapStar or any of its Subsidiaries, whether now owned or hereafter acquired, or any income or profits therefrom, or file or permit the filing of, or permit to remain in effect, any financing statement or other similar notice of any Lien with respect to any such property, asset, income or profits under the Uniform Commercial Code of any State or under any similar recording or notice statute, except for the followingexcept:

Appears in 1 contract

Samples: Senior Subordinated Credit Agreement (Capstar Hotel Co)

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