Encumbrance of Assets. Borrower will not, and will not permit a Subsidiary to, mortgage, pledge, grant or permit to exist a security interest in or Lien upon any of the Collateral, now owned or hereafter acquired except for the Permitted Liens.
Appears in 10 contracts
Samples: Credit and Security Agreement (Creative Computers Inc), Credit and Security Agreement (Elek Tek Inc), Credit and Security Agreement (Creative Computers Inc)
Encumbrance of Assets. Borrower will not, and will not permit a Subsidiary to, mortgage, pledge, grant or permit to exist a security interest or Lien in or Lien upon any of the Collateral, now owned or hereafter acquired except for the Permitted Liens.
Appears in 1 contract
Samples: Loan and Security Agreement (Western Power & Equipment Corp)
Encumbrance of Assets. Borrower will not, and will not ----------------------- permit a Subsidiary to, mortgage, pledge, grant or permit to exist a security interest in or Lien upon any of the Collateral, now owned or hereafter acquired except for the Permitted Liens.
Appears in 1 contract
Samples: Credit and Security Agreement (Pomeroy Computer Resources Inc)
