Common use of Prohibition on Liens Clause in Contracts

Prohibition on Liens. Lessee shall not, and shall not permit any of 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 Lessee 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: (i) Permitted Encumbrances; (ii) Liens in respect of Permitted Extension Indebtedness and Other Permitted Indebtedness; provided that such Liens encumber only assets subject to purchase money Liens securing such Indebtedness and do not encumber any assets subject to the Aircraft Chattel Mortgages; and (iii) other Liens securing Indebtedness in an aggregate amount not to exceed $10 million at any time outstanding which do not encumber any assets subject to the Aircraft Chattel Mortgages. Notwithstanding anything to the contrary contained above, in no event shall Lessee create, incur, assume or permit to exist Liens on or with respect to any assets subject to the Aircraft Chattel Mortgages except for Permitted Encumbrances of the type described in clauses (i), (ii) or (viii) of the definition thereof.

Prohibition on Liens. The Lessee shall not, and shall not permit any of its Subsidiaries toSubsidiaries, directly or indirectly, to 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 the Lessee 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: (i) Permitted Encumbrances; (ii) Liens in respect of Permitted Extension Indebtedness and Other Permitted Indebtedness; , provided that such Liens encumber only assets subject to purchase money Liens securing such Indebtedness and do not encumber any assets subject to the Aircraft Chattel Mortgages; and (iii) other Liens Liens, securing Indebtedness in an aggregate amount not to exceed $10 million at any time outstanding which outstanding, that do not encumber any assets subject to the Aircraft Chattel Mortgages. Notwithstanding anything to the contrary contained above, in no event shall the Lessee create, incur, assume or permit to exist Liens on or with respect to any assets subject to the Aircraft Chattel Mortgages except for Permitted Encumbrances of the type described in clauses (i), (ii) or (viii) of the definition thereof.

Prohibition on Liens. Lessee shall not, and shall not permit any of 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 Lessee 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: (i) Permitted Encumbrances; (ii) Liens in respect of Permitted Extension Indebtedness and Other Permitted Indebtedness; provided that such Liens encumber only assets subject to purchase money Liens securing such Indebtedness and do not encumber any assets subject to the Aircraft Chattel Mortgages; and and (iii) other Liens securing Indebtedness in an aggregate amount not to exceed $10 million at any time outstanding which do not encumber any assets subject to the Aircraft Chattel Mortgages. Notwithstanding anything to the contrary contained above, in no event shall Lessee create, incur, assume or permit to exist Liens on or with respect to any assets subject to the Aircraft Chattel Mortgages except for Permitted Encumbrances of the type described in clauses (i), (ii) or (viii) of the definition thereof.the

Prohibition on Liens. Lessee shall not, and shall not permit any of 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 Lessee or any of its Subsidiaries, whether now owned or hereafter acquired, or any income or profits therefromthere from, 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: (i) Permitted Encumbrances; (ii) Liens in respect of Permitted Extension Indebtedness and Other Permitted Indebtedness; provided that such Liens encumber only assets subject to purchase money Liens securing such Indebtedness and do not encumber any assets subject to the Aircraft Chattel Mortgages; and (iii) other Liens securing Indebtedness in an aggregate amount not to exceed $10 million at any time outstanding which do not encumber any assets subject to the Aircraft Chattel Mortgages. Notwithstanding anything to the contrary contained above, in no event shall Lessee create, incur, assume or permit to exist Liens on or with respect to any assets subject to the Aircraft Chattel Mortgages except for Permitted Encumbrances of the type described in clauses (i), (ii) or (viii) of the definition thereof.

Prohibition on Liens. Lessee shall not, and shall not permit any of 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 Lessee 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: (i) Permitted Encumbrances; (ii) Liens in respect of Permitted Extension Indebtedness and Other Permitted Indebtedness; provided that such Liens encumber only assets subject to purchase money Liens securing such Indebtedness and do not encumber any assets subject to the Aircraft Chattel Mortgages; and (iii) other Other Liens securing Indebtedness in an aggregate amount not to exceed $10 million at any time outstanding which do not encumber any assets subject to the Aircraft Chattel Mortgages. Notwithstanding anything to the contrary contained above, in no event shall Lessee create, incur, assume or permit to exist Liens on or with respect to any assets subject to the Aircraft Chattel Mortgages except for Permitted Encumbrances of the type described in clauses (i), (ii) or (viii) of the definition thereof.