Common use of Separate Liens on Collateral Clause in Contracts

Separate Liens on Collateral. Each Lender agrees with the other Lenders that, with the exception of security interests in deposit accounts and like property in the possession of a Lender as expressly provided for in this Agreement, it will not take or permit to exist any Encumbrance in its favor on any of the Collateral or other property of any of the Consolidated Entities other than Encumbrances securing the Obligations due to all Lenders pursuant to the Loan Documents.

Appears in 3 contracts

Samples: Loan Agreement (Seafield Capital Corp), Loan Agreement (Response Oncology Inc), Loan Agreement (Response Oncology Inc)

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Separate Liens on Collateral. Each Lender agrees with the other Lenders that, with the exception of security interests in deposit accounts and like property in the possession of a Lender as expressly provided for in this Agreement, it will not take or permit to exist any Encumbrance in its favor on any of the Collateral or other property of any of the Consolidated Entities Borrowers other than Encumbrances securing the Obligations due to all Lenders pursuant to the Loan Documents.

Appears in 2 contracts

Samples: Loan Agreement (Physicians Resource Group Inc), Loan Agreement (Physicians Resource Group Inc)

Separate Liens on Collateral. Each Lender agrees with the other Lenders that, with the exception of security interests in deposit accounts and like property in the possession of a Lender as expressly provided for in this Agreement, it will not take or permit to exist any Encumbrance in its favor on any of the Collateral or other property of any of the Consolidated Entities other than Encumbrances securing the Obligations due to all Lenders pursuant to the Loan DocumentsEntities.

Appears in 1 contract

Samples: Credit Agreement (Alfa Corp)

Separate Liens on Collateral. Each Lender agrees with the other Lenders that, with the exception of security interests in deposit accounts and like property in the possession of a Lender as expressly provided for in this Agreement, it will not take or permit to exist any Encumbrance in its favor on any of the Collateral or other property Property of any of the Consolidated Entities other than Encumbrances securing the Obligations due to all Lenders pursuant to the Loan DocumentsEntities.

Appears in 1 contract

Samples: Credit Agreement (Books a Million Inc)

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Separate Liens on Collateral. Each Lender agrees with the other Lenders that, with the exception of security interests in deposit accounts and like property in the possession of a Lender as expressly provided for in this Agreement, it will not take or permit to exist any Encumbrance in its favor on any of the Collateral or other property of any of the Consolidated Entities other than Encumbrances securing the Obligations due to all Lenders pursuant to the Loan Credit Documents.

Appears in 1 contract

Samples: Credit Agreement (Response Oncology Inc)

Separate Liens on Collateral. Each Lender agrees with the other Lenders that, with the exception of security interests in deposit accounts and like property in the possession of a Lender as expressly provided for in this Agreement, it will not take or permit to exist any Encumbrance in its favor on any of the Collateral or other property of any of the Consolidated Borrower Entities other than Encumbrances securing the Obligations due to all Lenders pursuant to the Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Renal Care Group Inc)

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