Examples of Encumbrances in a sentence
All Project Assets acquired by or on behalf of the Obligors after the date of execution of the Security Documents (collectively, “After-Acquired Property”) will be subject to the Encumbrances of the Security Documents issued pursuant to Section 7.1, without any further conveyance, mortgage, pledge, charge, assignment or other act on the part of such parties.
Ensure that all Project Assets will be acquired and owned by the Borrower or the Obligors, as applicable, free and clear of all Encumbrances (other than Permitted Encumbrances) and shall forthwith be made subject to the Encumbrances of the Security Documents at the Borrower’s expense in such manner as the Lender shall reasonably request and will ensure that its assets are not inter-mingled with those of any other Person, including for certainty any Affiliate that is not an Obligor.
Create, incur or otherwise permit to exist any Encumbrances on any of its Property, other than Permitted Encumbrances.
Maintain and, as soon as reasonably practicable, defend and take all action necessary or advisable at any time and from time to time to maintain and defend its legal and beneficial right, title and interest in and to all Project Assets and the priority and enforceability of the Security Documents and the Encumbrances of the Security Documents.
The Obligors own or license, as applicable, such Intellectual Property free and clear of any Encumbrance (other than Permitted Encumbrances).