ENCUMBRANCE OF COLLATERAL. Borrower shall not create, incur, assume or permit to exist any Lien on any Collateral now owned or hereafter acquired by Borrower except for Liens to Lender and Permitted Liens.
ENCUMBRANCE OF COLLATERAL. 16 Section 7.2. Business ............................................... 16 Section 7.3. Condition and Repair ................................... 16 Section 7.4. Taxes .................................................. 17 Section 7.5. Insurance .............................................. 17 Section 7.6. Accounting System ...................................... 17 Section 7.7. Financial Statements ................................... 17 Section 7.8. Further Information .................................... 17 Section 7.9.
ENCUMBRANCE OF COLLATERAL. Borrower shall not create, incur, assume or permit to exist any Lien on any Collateral now owned or hereafter acquired by Borrower or its Affiliates, except for Liens to Lender and Permitted Liens.
ENCUMBRANCE OF COLLATERAL. Pledgor hereby covenants and agrees that it will not create in favor of anyone, except Secured Party, any other security interest in the Collateral, or in any part thereof, or otherwise encumber or permit the same to become subject to any lien, attachment, execution, sequestration, or other legal or equitable process.
ENCUMBRANCE OF COLLATERAL. Each Guarantor shall not create, incur, assume or permit to exist any Lien on any Collateral now owned or hereafter acquired by such Guarantor, except for Liens to Lender and Permitted Liens.
ENCUMBRANCE OF COLLATERAL. 17 SECTION 7.2. BUSINESS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 SECTION 7.3. CONDITION AND REPAIR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 SECTION 7.4. TAXES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 SECTION 7.5. INSURANCE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 SECTION 7.6. ACCOUNTING SYSTEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 SECTION 7.7.
ENCUMBRANCE OF COLLATERAL. Except for the creation and grant of the security interest under this Agreement, as created by law in the ordinary course of business, or to the extent required by any bank, financial institution, or other lender and any successors and assigns thereof providing a loan or credit to Debtor (each a “Bank” and together the “Banks”), Debtor will not, and the Secured Parties do not authorize Debtor to, create or grant any lien on or security interest in, any of the Collateral. The Secured Parties shall enter into a subordination agreement as may reasonably be requested by any such Bank or Banks acknowledging that the Notes and the lien of the security interest herein created shall be subordinate and junior in right of payment to all such indebtedness, subject to the limitation set forth in Sections 7 and 8(c)(i) of the Purchase Agreement.
ENCUMBRANCE OF COLLATERAL. Pledgor represents and warrants that there are no pledges or other encumbrances on the Unencumbered Stock as of the date hereof. In addition, Pledgor shall not sell, withdraw, pledge, or otherwise encumber all or any part of the Collateral without the prior written consent of Pledgee. Notwithstanding the previous sentence, the encumbrances on the Restricted Stock and the Deferred Stock as of the date hereof are deemed acceptable to Pledgee.
ENCUMBRANCE OF COLLATERAL. 19 Section 9.2. Business ................................................ 19 Section 9.3.
ENCUMBRANCE OF COLLATERAL. 20 Section 9.2. Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Section 9.3. Condition and Repair . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Section 9.4. Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Section 9.5. Accounting System . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Section 9.6. Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Section 9.7.
