Common use of RESTRICTION AGAINST OTHER CHARGES Clause in Contracts

RESTRICTION AGAINST OTHER CHARGES. (a) The Assignor declares that there is no mortgage, charge, pledge, lien, security assignment, right of set-off, caveats, or other security interests or any other similar agreement or arrangement having priority over, or ranked equal, to the assignment under this Assignment. (b) The Assignor agrees not to sell, charge, mortgage, assign, execute any form of debenture (whether fixed or floating), pledge or lien, lease, agree to lease, let, or part with possession of all or part of the Property, or raise money on the security of the Assignor‟s rights in the Property, or deal with the Property in any manner without the Bank‟s prior written consent. The Bank‟s consent can be given or withheld at the Bank‟s absolute discretion. (c) This Assignment will not affect any collateral security now or in future given to the Bank, whether the same is to secure full payment of the Indebtedness, and whether the security is taken as additional or collateral security or otherwise.

RESTRICTION AGAINST OTHER CHARGES. (a) The Assignor declares that there is no mortgage, charge, pledge, lien, security assignment, right of set-off, caveats, or other security interests or any other similar agreement or arrangement having priority over, or ranked equal, to the assignment under this Assignment. (b) The Assignor agrees not to sell, charge, mortgage, assign, execute any form of debenture (whether fixed or floating), pledge or lien, lease, agree to lease, let, or part with possession of all or part of the Property, or raise money on the security of the Assignor‟s Assignor’s rights in the Property, or deal with the Property in any manner without the Bank‟s Bank’s prior written consent. The Bank‟s Bank’s consent can be given or withheld at the Bank‟s Bank’s absolute discretion. (c) This Assignment will not affect any collateral security now or in future given to the Bank, whether the same is to secure full payment of the Indebtedness, and whether the security is taken as additional or collateral security or otherwise.

RESTRICTION AGAINST OTHER CHARGES. (a) The Assignor declares that there is no mortgage, charge, pledge, lien, security assignment, right of set-off, caveats, or other security interests interest or any other similar agreement or arrangement having priority over, or ranked equal, to the assignment Rental Proceeds under this Assignment. (b) The Assignor agrees not to sell, charge, mortgage, assign, execute any form of debenture (whether fixed or floating), pledge or lien, lease, agree to lease, let, or part with possession of all or part of the Propertylien over, or raise money on the security of, any of its/his benefits, rights, title, and interest in, to, and under the Assignor‟s rights in the Property, Rental Proceeds or deal with the Property same in any manner without the Bank‟s Bank’s prior written consent. The Bank‟s Bank’s consent can be given or withheld at the Bank‟s Bank’s absolute discretion.. LEG/i-024 DOA(RP)(01/18) (c) This Assignment will not affect any collateral security now or in future given to the Bank, whether the same is to secure full payment of the Indebtedness, and whether the security is taken as additional or collateral security or otherwise.

RESTRICTION AGAINST OTHER CHARGES. (a) The Assignor declares that there is no mortgage, charge, pledge, lien, security assignment, right of set-off, caveats, or other security interests profits or any other similar agreement or arrangement having priority over, or ranked equal, to the assignment Rental Proceeds under this Assignment. (b) The Assignor agrees not to sell, charge, mortgage, assign, execute any form of debenture (whether fixed or floating), pledge or lien, lease, agree to lease, let, or part with possession of all or part of the Propertylien over, or raise money on the security of, any of its/his benefits, rights, title, and interest in, to, and under the Assignor‟s rights in the Property, Rental Proceeds or deal with the Property same in any manner without the Bank‟s Bank’s prior written consent. The Bank‟s Bank’s consent can be given or withheld at the Bank‟s Bank’s absolute discretion. (c) This Assignment will not affect any collateral security now or in future given to the Bank, whether the same is to secure full payment of the Indebtedness, and whether the security is taken as additional or collateral security or otherwise.