Common use of Liens Clause in Contracts

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any person, including the Borrower or any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any personPerson, including the Borrower or any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests Interests, evidences of Indebtedness or other securities of any person, including ) at the Borrower or any Subsidiary) now time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including ) of the Borrower or any Subsidiary) Subsidiary now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except the following (collectively, “Permitted Liens”):

Liens. (a) Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or any SubsidiaryPerson) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any personPerson, including the Borrower or any Subsidiary) now at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or any Subsidiary) now at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any personPerson, including of any Relevant Subsidiaries) at the Borrower or any Subsidiary) now time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except (without duplication):

Liens. Create, incur, assume or permit to exist any Lien on any of its property or assets (including Equity Interests or other securities of any personassets, including the Borrower or any Subsidiary) whether now owned or hereafter acquired by it acquired, or on upon any income or revenues or rights in respect of any thereofprofits therefrom, except:except Permitted Liens.

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any person, including the Borrower or any Subsidiary) now owned or hereafter acquired by it (including, in the case of securities owned by it, by the sale of such securities pursuant to any repurchase agreement or similar arrangement) or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests Interests, evidences of Indebtedness or other securities of any person, including Person) at the Borrower or any Subsidiary) now time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including any subsidiary of Holdings, Intermediate Holdings or the Borrower or any SubsidiaryU.S. Borrower) now at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower ) of Parent or any Subsidiary) Subsidiary now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except the following (collectively, “Permitted Liens”):

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including ) of the Borrower Parent or any Subsidiary) Subsidiary now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except the following (collectively, “Permitted Liens”):

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any personPerson, including the Borrower or any Restricted Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights (excluding rights of first refusal) in respect of any thereof, exceptexcept Liens satisfying any of the following tests:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or any Restricted Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any personPerson, including the Borrower or any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on or with respect to any property or assets asset of any kind (including Equity Interests any document or other securities instrument in respect of goods or accounts receivable) of Holdings, any person, including the Borrower or any Subsidiary) of the Restricted Subsidiaries, whether now owned or hereafter acquired by it acquired, or on any income or revenues or rights in respect of any thereofprofits therefrom, except:

Liens. Create, incur, incur or assume or permit to exist any Lien on any of its property or assets (including Equity Interests or other securities of any person, including ) at the Borrower or any Subsidiary) now time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except the following (collectively, “Permitted Liens”):

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any personPerson, including the Borrower or any Restricted Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any person, including the Borrower or any Restricted Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any personPerson, including any subsidiary) at the Borrower or any Subsidiary) now time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume assume, suffer or permit to exist any Lien mortgage, pledge, lien, charge or other encumbrance of any nature whatsoever on any property of its assets or assets (including Equity Interests or other securities of any personownership interests, including the Borrower or any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofowned, exceptother than:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any person, including the Borrower or any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except (collectively, the “Permitted Liens”):

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any personPerson, including the Borrower or any Subsidiary) now at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or any SubsidiarySubsidiary of the Borrower) now at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any personPerson, including any of the Borrower or any SubsidiaryLead Borrower’s Restricted Subsidiaries) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any person, including the Borrower or any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any personPerson, including the Borrower or any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of or any thereof, or sell or transfer any account receivable or any right in respect thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on or with respect to any property or assets asset of any kind (including Equity Interests any document or other securities instrument in respect of goods or accounts receivable) of any person, including the Borrower Loan Party or any Subsidiary) of its Restricted Subsidiaries, whether now owned or hereafter acquired by it or on licensed, or any income income, profits or revenues or rights in respect of any thereofroyalties therefrom, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights (excluding rights of first refusal) in respect of any thereof, except:except (without duplication):

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or any and each Subsidiary) now at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests Interests, Indebtedness or other securities of any person, including the Borrower or any SubsidiaryPerson) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or any SubsidiarySubsidiary of the Borrower) now at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except the following (collectively, “Permitted Liens”):

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any person, including the Borrower or any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. CreateDirectly or indirectly, create, incur, assume or permit to exist any Lien on or with respect to any property or assets asset of any kind (including Equity Interests any document or other securities instrument in respect of any person, including the Borrower goods or accounts receivable) of Holdings or any Subsidiary) of its Subsidiaries, whether now owned or hereafter acquired by it or on licensed, or any income income, profits or revenues or rights in respect of any thereofroyalties therefrom, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or any Subsidiarysecurities) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. CreateIn the case of the Borrowers, create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, or sell or transfer any account receivable or any right in respect thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any of its property or assets (including Equity Interests or other securities of any person, including ) at the Borrower or any Subsidiary) now time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except the following (collectively, “Permitted Liens”):

Liens. Create, incur, assume or permit to exist any Lien on any property or assets Property (including Equity Interests stock or other securities of any personPerson, including of any Restricted Subsidiaries) at the Borrower or any Subsidiary) now time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except (without duplication):

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any personPerson, including the Borrower or any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, or sell or transfer any account receivable or any right in respect thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any personPerson, including any Restricted Subsidiary, but excluding the Borrower or any SubsidiaryBorrowers) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any personPerson, including of any Subsidiaries) at the Borrower or any Subsidiary) now time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except (without duplication):

Liens. Create, incur, assume or permit to exist any Lien on any of its property or assets (including Equity Interests or other securities of any person, including ) at the Borrower or any Subsidiary) now time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except the following (collectively, “Permitted Encumbrances”):

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or any Restricted Subsidiary) now at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or Company and any Subsidiary) now at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except the following (collectively, “Permitted Liens”):

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or any SubsidiarySubsidiary of the Borrower) now at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofit, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including any Subsidiary of Holdings or the Borrower or any SubsidiaryBorrower) now at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, or sell or transfer any account receivable or any right in respect thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the any Borrower or and any Subsidiary) now at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except the following (collectively, “Permitted Liens”):

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or Borrowers and any Subsidiary) now at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except the following (collectively, “Permitted Liens”):

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, or assign or transfer any such income or revenues or rights in respect thereof except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including any subsidiary of the Borrower or any SubsidiaryU.S. Borrower) now at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any personPerson, including the Borrower or any SubsidiarySubsidiary Guarantor) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on with respect to any property of its property, assets or assets (including Equity Interests or other securities of any personrevenues, including the Borrower or any Subsidiary) whether now owned or hereafter acquired by it (or on permit any income or revenues or rights in respect of any thereofother Subsidiary to do so), except:other than Permitted Liens.

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any personPerson, including of any Restricted Subsidiaries) at the Borrower or any Subsidiary) now time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except (without duplication):

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or and any Subsidiary) now at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any person, including the Borrower or any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of thereof, or assign or transfer any such income or revenues or rights in respect thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests in or other securities of any person, including the Borrower or any Subsidiary) now owned or hereafter acquired by it it, or on assign or sell any income or revenues (including accounts receivable) or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any personPerson, including any of its Subsidiaries) at the Borrower or any Subsidiary) now time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except (without duplication):

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including any subsidiary of the Borrower or any SubsidiaryBorrower) now at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any person, including the Borrower or any Subsidiary) asset now owned or hereafter acquired by it it, or on assign or sell any income or revenues (including Accounts) or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien (including any Lien incurred on or after the date of this Agreement) on any property or assets (including Equity Interests stock or other securities of any person, including ) at the Borrower or any Subsidiary) now time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any personPerson, including the Borrower or any and each Subsidiary) now at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or Holdings, Products and any Subsidiary) now at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except the following (collectively, “Permitted Liens”):

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including any subsidiary of Holdings or the Borrower or any SubsidiaryU.S. Borrower) now at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including ) of the Borrower Issuer or any Subsidiary) now Subsidiary at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except the following (collectively, “Permitted Liens”):

Liens. Create, incur, assume or permit cause to exist any Lien on any property or assets (including Equity Interests shares or other securities of any person, including ) of the Parent Borrower or any Subsidiary) now Subsidiary at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except the following (collectively, “Permitted Liens”):

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or any Subsidiary) now at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, or sell or transfer any account receivable or any right in respect thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any person, including the Borrower or any Restricted Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any person, including the Borrower or any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofit, except:

Liens. Create, incur, assume or permit to exist any Lien on or with respect to any of its assets or property or assets (including Equity Interests or other securities of any personcharacter, including the Borrower or any Subsidiary) whether now owned or hereafter acquired by it acquired, or on any income or revenues or rights in respect of any thereofprofits therefrom, except:except for Permitted Liens.

Liens. Create, incur, or assume or permit to exist exist, any Lien on any property of the properties or assets (including Equity Interests or other securities of any person, including the Borrower or any Subsidiary) of its Subsidiaries, whether now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofacquired, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including ) of any Group Member at the Borrower or any Subsidiary) now time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except the following (collectively, “Permitted Liens”):

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any personPerson, including the Borrower or any Subsidiary) now owned or hereafter acquired acquired, created, developed or invented by it or on any income or revenues or rights in respect of any thereof, except:except (collectively, “Permitted Liens”):

Liens. CreateExcept for Permitted Liens, create, incur, assume or permit to exist any Lien on any property of its or any of its Subsidiaries' existing or future properties, assets (including Equity Interests or other securities stock of any personSubsidiaries), including the Borrower income or rights in any Subsidiary) thereof whether now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:acquired.

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including ) of the Borrower Borrowers or any Subsidiary) now Subsidiary at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except the following (collectively, “Permitted Liens”):

Liens. Create, incur, assume or permit to exist any Lien on any rights, title or interest in any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or any Subsidiary) whether now owned or existing or hereafter acquired by it or arising, or on any income or revenues or rights in respect of any thereof, except:except the following (collectively, “Permitted Liens”):

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any personPerson, including the Parent, the Borrower or any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or any Restricted Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights (excluding rights of first refusal) in respect of any thereof, exceptexcept Liens satisfying any of the following tests:

Liens. Create, incur, assume or permit to exist any Lien on any property of their properties or assets (including Equity Interests or other securities of any personassets, including the Borrower or any Subsidiary) whether now owned or hereafter acquired by it acquired, or on upon any income or revenues or rights in respect of any thereofprofits therefrom, except:except Permitted Liens.

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any personPerson, including any Restricted Subsidiary, but excluding the Borrower or any SubsidiaryBorrower) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist exist, directly or indirectly, any Lien on the Units or any property or assets (including other Equity Interests or other securities of any person, including the Borrower or any Subsidiary) now Holdings owned or hereafter acquired by it or on any income or revenues or rights in respect of any the proceeds thereof, except:except for Permitted Liens.

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or any Subsidiary) now at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, exceptexcept for:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any personPerson, including the Borrower any Loan Party or any Restricted Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any personPerson, including the Borrower or any Subsidiary) now owned or hereafter acquired by it or it, on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any person, including the Borrower or any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except the following (each a “Permitted Lien”):

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any person, including at the Borrower or any Subsidiary) now time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any person, including the Borrower or any Subsidiary) Property now owned or hereafter acquired by it it, or on assign or sell any income or revenues (including accounts receivable) or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or and any Subsidiary) now at the time owned or hereafter acquired by it it, or on any income or revenues or rights in respect of any thereof, except:except the following (collectively, “Permitted Liens”):

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except (each of the following, a "Permitted Lien"):

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any personPerson, including any subsidiary) at the Borrower or any Subsidiary) now time owned or hereafter acquired by it or on any income or income, revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit suffer to exist any Lien on any property or assets (including Equity Interests Capital Stock or other securities of any personPerson, including the Borrower or any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or and any Subsidiary) now at the time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except the following (collectively, “Permitted Liens”): 129 QDI – A&R Credit Agreement (2014)

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests or other securities of any person, including Polo Holdings, the Borrower or any other Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including Equity Interests stock or other securities of any personPerson, including any of its Wholly Owned Subsidiaries) at the Borrower or any Subsidiary) now time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except (without duplication):

Liens. Create, incur, assume or permit to exist any Lien on any property or assets Property (including Equity Interests stock or other securities of any person, including Person) at the Borrower or any Subsidiary) now time owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:except (without duplication):

Liens. Create, incur, assume or permit to exist any ------ Lien on any property or assets (including Equity Interests stock or other securities of any person, including the Borrower or any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights (excluding rights of first refusal) in respect of any thereof, except:except (without duplication):

Liens. Create, incur, assume or permit to exist any Lien on or with respect to any property or assets (including Equity Interests or other securities asset of any person, including kind of the Borrower or any Subsidiary) of its Restricted Subsidiaries, whether now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofacquired, except:

Liens. Create, incur, or assume or permit to exist exist, any Lien on any property of the properties or assets (including Equity Interests or other securities of any person, including the Borrower or any Subsidiary) of any Subsidiary Guarantor, whether now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofacquired, except: