Common use of RECEIVABLES FREE OF LIENS Clause in Contracts

RECEIVABLES FREE OF LIENS. Except as the Cooperative has expressly disclosed to Statesmen in writing, no Receivable is subject to any mortgage, pledge, security interest or other lien or encumbrance of any kind.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Southern States Cooperative Inc), Revolving Credit Agreement (Southern States Capital Trust I), Financing Services and Contributed Capital Agreement (Southern States Capital Trust I)

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RECEIVABLES FREE OF LIENS. Except as the Cooperative has ------------------------- expressly disclosed to Statesmen in writing, no Receivable is subject to any mortgage, pledge, security interest or other lien or encumbrance of any kind.

Appears in 2 contracts

Samples: Financing Services and Contributed Capital Agreement (Southern States Cooperative Inc), Financing Services and Contributed Capital Agreement (Southern States Capital Trust Ii)

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