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.
Appears in 6 contracts
Samples: General Security Agreement (Main Street Capital CORP), General Security Agreement (Main Street Capital CORP), Credit Agreement (HMS Income Fund, Inc.)
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 The Grantors will pay all taxes and other charges against the Collateral (including, without limitation, property, use and sales taxes). No , and no Grantor will acquire, use or permit any the Collateral to be used illegally or in violation of Applicable Laws or allow the Collateral to be encumbered except for Permitted Liensthe security interest in favor of the Agent granted herein.
Appears in 2 contracts
Samples: General Security Agreement (Bassett Furniture Industries Inc), General Security Agreement (Bassett Furniture Industries Inc)
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 The Grantors will pay all taxes and other charges against the Collateral (including, without limitation, property, use and sales taxes). No , and no Grantor will acquire, use or permit any the Collateral to be used illegally or in violation of Applicable Laws or allow the Collateral to be encumbered except for Permitted Liensthe security interest in favor of the Bank granted herein.
Appears in 2 contracts
Samples: Credit Agreement (Bassett Furniture Industries Inc), Credit Agreement (Bassett Furniture Industries Inc)
Right to Grant Security Interest; No Further Encumbrances. The Grantors have Grantor has the right to grant a security interest in the Collateral. Except as permitted by the Credit Agreement, the Grantors Grantor will pay all taxes and other charges against the Collateral (including, without limitation, property, use and sales taxes). No , and the Grantor will acquire, not use or permit any the Collateral to be used illegally or in violation of Applicable Laws or allow the Collateral to be encumbered except for Permitted Liens.
Appears in 2 contracts
Samples: Credit Agreement (St Joe Co), Credit Agreement (St Joe Co)
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 and will take commercially reasonable efforts not to permit any Collateral to be used illegally or in violation of Applicable Laws or allow the Collateral to be encumbered except for Permitted Liens.
Appears in 2 contracts
Samples: General Security Agreement (Triangle Capital CORP), General Security Agreement (Triangle Capital CORP)
Right to Grant Security Interest; No Further Encumbrances. The Grantors have Grantor has the right to grant a security interest in the Collateral. Except as permitted by the Credit Agreement, the Grantors Grantor will pay all taxes and other charges against the Collateral (includingCollateral, without limitation, property, use and sales taxes). No the Grantor will acquire, not use or permit any the Collateral to be used illegally or in violation of Applicable Laws or allow the Collateral to be encumbered except for Permitted Liensencumbered.
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