Right to Grant Security Interest; No Further Encumbrances. The Grantors have the right to grant a security interest in the Collateral. Except as permitted by the Credit Agreement, the Grantors will pay all taxes and other charges against the Collateral (including, without limitation, property, use and sales taxes). No Grantor will acquire, use or permit any Collateral to be used illegally or in violation of Applicable Laws or allow the Collateral to be encumbered except for Permitted Liens.
Right to Grant Security Interest; No Further Encumbrances. The Borrower and Guarantors have the right to grant a security interest in the Collateral. The Borrower and Guarantors will pay all taxes and other charges against the Collateral (including, without limitation, property, use and sales taxes), and neither the Borrower nor any Guarantor will use the Collateral illegally or allow the Collateral to be encumbered except for the security interest in favor of the Agent granted herein.
Right to Grant Security Interest; No Further Encumbrances. Borrower has the right to grant a security interest in the Inventory Collateral. Borrower will pay all taxes and other charges against the Inventory Collateral, and Borrower will not use the Inventory Collateral illegally or allow the Inventory Collateral to be encumbered except for the security interest in favor of Lender granted herein and except for any Permitted Encumbrances.
Right to Grant Security Interest; No Further Encumbrances. Borrower has the right to grant a security interest in the Equipment Collateral. Borrower will pay all taxes and other charges against the Equipment Collateral. Borrower will not use the Equipment Collateral illegally or allow the Equipment Collateral to be encumbered except for the security interest in favor of Lender granted herein and except for any Permitted Encumbrances.
Right to Grant Security Interest; No Further Encumbrances. Borrower has the right to grant a security interest in the Equipment Collateral and Fixtures Collateral to Lender. Borrower will pay all taxes and other charges against the Equipment Collateral and Fixtures Collateral, and will not use the Equipment Collateral and Fixtures Collateral illegally or allow the same to be encumbered, except for the security interest in favor of Lender granted herein and except for any Permitted Encumbrances. Nothing herein, however, shall prevent Borrower from leasing any Equipment required in the operation of the Facilities.
Right to Grant Security Interest; No Further Encumbrances. Borrower and each Guarantor has the right to grant the security interest in the Collateral prescribed hereinabove in this Article 3; Borrower or a Guarantor will pay all sales, use, franchise and other taxes and other charges against the Collateral; neither Borrower nor either Guarantor will use the Collateral illegally or allow the Collateral to be encumbered except for the security interest in favor of Lender granted herein and except for any Permitted Encumbrances (as described in Section 3.1(a)).
Right to Grant Security Interest; No Further Encumbrances. Borrower has --------------------------------------------------------- the right to grant a security interest in the Collateral. Borrower will pay all taxes and other charges against the Collateral. Borrower will not use the Collateral illegally or allow the Collateral to be encumbered except for the security interest in favor of Lender granted herein.
Right to Grant Security Interest; No Further Encumbrances. Borrower has the right to grant a security interest in the Property Collateral to Lender. Borrower will pay all taxes and other charges against the Property Collateral. Borrower will not use the Property Collateral illegally or allow the Property Collateral to be encumbered, except for the security interest in favor of Lender granted herein and except for any Permitted Encumbrances.
Right to Grant Security Interest; No Further Encumbrances. Borrower and/or Guarantors have the right to grant a security interest in the Equipment Collateral and Fixtures Collateral to Lender. Borrower and/or Guarantors will pay all taxes and other charges against the Furniture, Fixtures and Equipment Collateral, and will not use the Furniture, Fixtures and Equipment Collateral illegally or allow the same to be encumbered, except for the security interest in favor of Lender granted herein and except for any Permitted Encumbrances. Nothing herein, however, shall prevent Borrower and/or Guarantors from leasing any Equipment required in the operation of the Facilities.
Right to Grant Security Interest; No Further Encumbrances. Borrower has the right to grant the security interest in the Collateral described in Section 3.1; Borrower will pay all sales, use, franchise and other taxes and other charges against the Collateral; Borrower will not use the Collateral illegally or allow the Collateral to be encumbered except for the security interest in favor of Lender granted herein and Permitted Encumbrances; provided that Borrower makes no representations or warranties concerning its right to grant the security interest in the liquor licenses or lottery licenses.
