Common use of SECURITY INTEREST AND OTHER ENCUMBRANCES Clause in Contracts

SECURITY INTEREST AND OTHER ENCUMBRANCES. Create, incur, assume, or suffer to exist any mortgage, security interest, lien, or other encumbrance upon any of its properties or assets, whether now owned or hereafter acquired, except mortgages, security interests, liens, and encumbrances (a) in favor of Secured Party and (b) as may be specified in Item 11 of the Schedule.

Appears in 2 contracts

Samples: Security Agreement (American Artists Film Corp/Mo/), Loan and Security Agreement (Computone Corporation)

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SECURITY INTEREST AND OTHER ENCUMBRANCES. Create, incur, assume, or suffer to exist any mortgage, security interest, lien, or other encumbrance upon any of its properties or assetsthe Collateral, whether now owned or hereafter acquired, except mortgages, security interests, liens, and encumbrances (a) in favor of Secured Party and (b) as may be specified in Item 11 12 of the Schedule.

Appears in 1 contract

Samples: Loan and Security Agreement (Otr Express Inc/Ks)

SECURITY INTEREST AND OTHER ENCUMBRANCES. Create, incur, assume, or suffer to exist any mortgage, security interest, lien, or other encumbrance upon any of its properties or assets, whether now owned or hereafter acquired, except mortgages, security interests, liens, and encumbrances (a) in favor of Secured Party Agent for the benefit of the Lenders and (b) as may be specified in Item 11 12 of the Schedule.

Appears in 1 contract

Samples: Loan and Security Agreement (Sigmatron International Inc)

SECURITY INTEREST AND OTHER ENCUMBRANCES. Create, incur, assume, or suffer to exist any mortgage, security interest, lien, other encumbrance or other encumbrance Lien upon any of its properties or assets, whether now owned or hereafter acquired, except mortgages, security interests, liens, and encumbrances acquired (a) except in favor of Secured Party and Party, (b) except all existing liens, mortgages, or encumbrances, and (c) except in connection with the grant of a security interest in Equipment in connection with financing the purchase of Equipment or in connection with the leasing of Equipment, so long as may be specified Debtor is in Item 11 of the Schedulecompliance with Sections 10.10 and 10.11. herein.

Appears in 1 contract

Samples: Loan and Security Agreement (Napco Security Systems Inc)

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SECURITY INTEREST AND OTHER ENCUMBRANCES. Create, incur, assume, or suffer to exist any mortgage, security interest, lien, or other encumbrance upon any of its properties or assets, whether now owned or hereafter acquired, except mortgages, security interests, liens, and encumbrances encumbrance (a) in favor of Secured Party and (b) as may be specified in Item 11 of the Schedule.

Appears in 1 contract

Samples: Loan and Security Agreement (Delsoft Consulting Inc)

SECURITY INTEREST AND OTHER ENCUMBRANCES. Create, incur, assume, or suffer to exist any mortgage, security interest, lien, or other encumbrance upon any of its properties or assets, whether now owned or hereafter acquired, except mortgages, security interests, liens, and encumbrances (a) in favor of Secured Party and (b) as may be specified in Item 11 of the Schedule.. 10.4

Appears in 1 contract

Samples: Loan and Security Agreement (Mercury Air Group Inc)

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