Common use of Covenants with Respect to Liens Clause in Contracts

Covenants with Respect to Liens. (a) During the Term, Lessee will not directly or indirectly create, incur, assume or suffer to exist any Lien (other than Permitted Liens) on or with respect to any portion of the Leased Property, Lessor’s title thereto, or any interest therein. Lessee, at its own expense, will promptly pay, satisfy and otherwise take such actions as may be necessary to keep the Leased Property free and clear of, and duly to discharge, eliminate or bond in a manner reasonably satisfactory to Lessor and the Administrative Agent, any such Lien (other than Permitted Liens) if the same shall arise at any time.

Appears in 7 contracts

Samples: Lease and Remedies Agreement (Regeneron Pharmaceuticals, Inc.), Debt and Security Agreement, Lease and Remedies Agreement (Regeneron Pharmaceuticals, Inc.)

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Covenants with Respect to Liens. (a) During the Term, Lessee will not directly or indirectly create, incur, assume or suffer to exist any Lien (other than Permitted Liens) on or with respect to any portion of the Leased PropertyPremises, Agent Lessor’s 's title thereto, or any interest therein. Lessee, at its own expense, will promptly pay, satisfy and otherwise take such actions as may be necessary to keep the Leased Property Premises free and clear of, and duly to discharge, eliminate or bond in a manner reasonably satisfactory to Lessor and the Administrative AgentAgent Lessor, any such Lien (other than Permitted Liens) if the same shall arise at any time.

Appears in 1 contract

Samples: Secures Future Advances (Adc Telecommunications Inc)

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Covenants with Respect to Liens. (a) During the Term, Lessee will not directly or indirectly create, incur, assume or suffer to exist any Lien (other than Permitted Liens) on or with respect to any portion of the Leased Subject Property, Lessor’s title thereto, or any interest of Lessor, Collateral Agent or the Lenders therein. Lessee, at its own expense, will promptly pay, satisfy and otherwise take such actions as may be necessary to keep the Leased Property free and clear of, and duly to discharge, eliminate or bond in a manner reasonably satisfactory to Lessor and the Administrative Collateral Agent, any such Lien (other than Permitted Liens or Lessor Liens) if the same shall arise at any time.

Appears in 1 contract

Samples: Trust and Security Agreement (Silicon Laboratories Inc)

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