Total Liens. The Borrower shall not directly or indirectly, create, incur, assume or permit to exist any Lien on or with respect to any of the Collateral, whether now owned or hereafter acquired, or any income or profits therefrom, or file or permit the filing of, or permit to remain in effect, any financing statement or other similar notice of any Lien with respect to any of the Collateral, except:
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Samples: Credit Agreement (Monarch Casino & Resort Inc), Credit Agreement (Monarch Casino & Resort Inc), Construction and Reducing Revolving Credit Agreement (Monarch Casino & Resort Inc)
Total Liens. The Borrower shall not directly or indirectly, create, incur, assume or permit to exist any Lien on or with respect to any of the Collateral, whether now owned or hereafter acquired, or any income or profits therefrom, or file or permit cause the filing of, or permit to remain in effect, any financing statement or other similar notice of any Lien with respect to any of the CollateralCollateral under the Uniform Commercial Code of any State or under any similar recording or notice statute, except:except Permitted Encumbrances.
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