Common use of Encumbrances Clause in Contracts

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s property.

Appears in 42 contracts

Samples: Loan and Security Agreement (diaDexus, Inc.), Loan and Security Agreement (Lyris, Inc.), Loan and Security Agreement (diaDexus, Inc.)

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Encumbrances. Create, incur, assume or allow suffer to exist any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens. Agree with any Person other than Bank not to grant a security interest in, or covenant to any other Person that Borrower in the future will refrain from creatingotherwise encumber, incurring, assuming or allowing any Lien with respect to any of Borrower’s its property, or permit any Subsidiary to do so.

Appears in 20 contracts

Samples: Loan Agreement (Logicvision Inc), Loan and Security Agreement (Patient Infosystems Inc), Loan and Security Agreement (Safeguard Scientifics Inc)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s 's property.

Appears in 13 contracts

Samples: Loan and Security Agreement (Vitalstream Holdings Inc), Loan and Security Agreement (Cas Medical Systems Inc), Loan and Security Agreement (Iceweb Inc)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s property.

Appears in 6 contracts

Samples: Loan and Security Agreement (Verisilicon Holdings Co LTD), Loan and Security Agreement (Digital Power Corp), Loan and Security Agreement (Imperalis Holding Corp.)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s property.

Appears in 4 contracts

Samples: Guaranty and Security Agreement (Cinedigm Corp.), Loan, Guaranty and Security Agreement (Cinedigm Corp.), Loan, Guaranty and Security Agreement (Cinedigm Corp.)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to agree with any other Person that Borrower in the future will to refrain from creating, incurring, assuming or allowing any Lien with respect to on any of Borrower’s property.

Appears in 3 contracts

Samples: Loan and Security Agreement (Taiwan Liposome Company, Ltd.), Loan and Security Agreement (Taiwan Liposome Company, Ltd.), Loan and Security Agreement (Taiwan Liposome Company, Ltd.)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, including its Intellectual Property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s property, including Borrower’s Intellectual Property.

Appears in 3 contracts

Samples: Loan and Security Agreement (Proxim Wireless Corp), Loan and Security Agreement (Neophotonics Corp), Loan and Security Agreement (Nexsan Corp)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower Borrowers in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s Borrowers’ property.

Appears in 3 contracts

Samples: Loan and Security Agreement (Everside Health Group, Inc.), Loan and Security Agreement (Limeade, Inc), Loan and Security Agreement (Jamdat Mobile Inc)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, including without limitation its Intellectual Property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s property, including without limitation its Intellectual Property.

Appears in 2 contracts

Samples: Loan and Security Agreement (Zonare Medical Systems Inc), Loan and Security Agreement (Poniard Pharmaceuticals, Inc.)

Encumbrances. Create, incur, assume or allow any Lien with respect to on any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to dodo so, except for Permitted Liens, or covenant permit any Collateral not to any other Person that Borrower in be subject to the future will refrain from creatingfirst priority security interest granted here, incurring, assuming or allowing any Lien with respect subject to any of Borrower’s propertyPermitted Liens.

Appears in 2 contracts

Samples: Loan and Security Agreement (Ecollege Com), Loan and Security Agreement (Webridge Inc)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s property.to

Appears in 2 contracts

Samples: Loan and Security Agreement (Asante Solutions, Inc.), Loan and Security Agreement (Asante Solutions, Inc.)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s property's Intellectual Property.

Appears in 2 contracts

Samples: Loan and Security Agreement (Asyst Technologies Inc /Ca/), Loan and Security Agreement (Asyst Technologies Inc /Ca/)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower such party in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s its property.

Appears in 2 contracts

Samples: Loan and Security Agreement (Multimedia Games Inc), Loan and Security Agreement (Multimedia Games Inc)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s property.

Appears in 2 contracts

Samples: Term Loan  and Security Agreement (Environmental Energy Services Inc), Term Loan  and Security Agreement (Blaze Energy Corp.)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower Borrowers, or any one of them, in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s Borrowers' property.

Appears in 2 contracts

Samples: Loan and Security Agreement (Convio, Inc.), Loan and Security Agreement (Convio, Inc.)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its propertyproperty (including any equity interests owned by it), or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, in each case, except for Permitted Liens, or covenant to any other Person that Borrower in the future it will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s property.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cue Health Inc.), Loan and Security Agreement (Cue Health Inc.)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its propertythe Collateral, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s propertythe Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Nuvasive Inc)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s propertyproperty (other than as set forth in a security agreement with respect to a Person holding a Permitted Lien so long as any Liens of the Bank are permitted thereunder).

Appears in 1 contract

Samples: Loan and Security Agreement (Irvine Sensors Corp/De/)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, property or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s propertyproperty other than Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Imageware Systems Inc)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any AccountsAccounts (except in connection with the conversion, merger or consolidation of Borrower with or into a Permitted Successor Corporation), or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s property.

Appears in 1 contract

Samples: Loan and Security Agreement (Pac-West Telecomm Inc)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any AccountsAccounts (as defined in the Code), or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s property.

Appears in 1 contract

Samples: Loan and Security Agreement (Diversa Corp)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s property.

Appears in 1 contract

Samples: Loan and Security Agreement (Safeguard Scientifics Inc)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries #PageNum# so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s property.

Appears in 1 contract

Samples: Loan and Security Agreement (Rainmaker Systems Inc)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, including, without limitation, the Intellectual Property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s property.

Appears in 1 contract

Samples: Loan and Security Agreement (Align Technology Inc)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that such Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s Borrowers' property.

Appears in 1 contract

Samples: Loan and Security Agreement (Inphonic Inc)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its propertyproperty (including but not limited to its interest in the Guarantors), or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s propertyproperty (including but not limited to its interest in the Guarantors).

Appears in 1 contract

Samples: Loan and Security Agreement (IPC the Hospitalist Company, Inc.)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to dodo so, except for Permitted Liens, or covenant to any other Person that a Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of such Borrower’s property.

Appears in 1 contract

Samples: Loan Agreement (PointClickCare Corp.)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s property, except as is otherwise permitted in Sections 6.8(b) and 7.1 hereof and clause (c) of the definition of “Permitted Liens” herein.

Appears in 1 contract

Samples: Loan and Security Agreement (Cerus Corp)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, including its Intellectual Property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s property, including Borrower’s Intellectual Property.

Appears in 1 contract

Samples: Loan and Security Agreement (Vystar Corp)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, including, without limitation, the Intellectual Property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s 's property, including, without limitation, the Intellectual Property, except for Permitted Restrictions.

Appears in 1 contract

Samples: Loan and Security Agreement (Align Technology Inc)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its propertyCollateral, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s propertythe Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (NeuroMetrix, Inc.)

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Encumbrances. Create, incur, assume or allow any Lien with respect to any of its propertyassets, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that such Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of such Borrower’s propertyassets.

Appears in 1 contract

Samples: Master Security Agreement

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that a Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s Borrowers’ property.

Appears in 1 contract

Samples: Loan and Security Agreement (Proteinsimple)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s propertyproperty (including Borrower’s Intellectual Property).

Appears in 1 contract

Samples: Loan and Security Agreement (On24 Inc.)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries or Guarantors so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s property.

Appears in 1 contract

Samples: Loan and Security Agreement (Provide Commerce Inc)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s propertyproperty other than under the Term Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Verenium Corp)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person (other than Bank) that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s 's property.

Appears in 1 contract

Samples: Loan and Security Agreement (Spy Optic Inc)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to dodo so, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s property.

Appears in 1 contract

Samples: Loan and Security Agreement (GCT Semiconductor Inc)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its propertythe Collateral, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, Accounts except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s property.

Appears in 1 contract

Samples: Loan and Security Agreement (Array Biopharma Inc)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, in each case, except for Permitted Liens, or covenant to any other Person that Borrower in (other than (i) the future will refrain from creating, incurring, assuming or allowing any Lien licensors of in-licensed property with respect to any of Borrower’s property.to

Appears in 1 contract

Samples: Loan and Security Agreement (Allena Pharmaceuticals, Inc.)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Material Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s propertyCollateral, except in connection with any document or instrument governing Permitted Liens provided that any such restriction contained therein relates only to the asset or assets subject to such Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (NewAge, Inc.)

Encumbrances. (a) Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or (b) covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s propertyproperty other than in connection with the New Financing as long as there is an express exception for Liens in favor of Bank.

Appears in 1 contract

Samples: Loan and Security Agreement (Verenium Corp)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s propertyproperty other than in connection with the Future Term Loan as long as there is an express exception for Liens in favor of Bank.

Appears in 1 contract

Samples: Loan and Security Agreement (Verenium Corp)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that such Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s Borrowers’ property.

Appears in 1 contract

Samples: Loan and Security Agreement (Inphonic Inc)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that such Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of such Borrower’s property.

Appears in 1 contract

Samples: Loan and Security Agreement (Interpace Biosciences, Inc.)

Encumbrances. Create, incur, assume assume, or allow any Lien with respect to any of its propertythe Collateral, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, income except for Permitted Liens, or covenant to any other Person that such Borrower in the future will refrain from creating, incurring, assuming assuming, or allowing any Lien with respect to any of Borrower’s propertythe Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Entrade Inc)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, including its intellectual property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s property, including Borrower’s intellectual property.

Appears in 1 contract

Samples: Loan and Security Agreement (Biolase Technology Inc)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s propertyproperty except in connection with a Permitted Transfer or as otherwise permitted under Section 7.1.

Appears in 1 contract

Samples: Loan and Security Agreement (K2 Therapeutics, Inc.)

Encumbrances. Create, incur, assume or allow any Lien lien with respect to any of its propertyproperty or its equity interests, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant covenant, or permit any of its Subsidiaries to covenant, to any other Person that Borrower or such Subsidiary in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s propertyor such Subsidiary’s assets.

Appears in 1 contract

Samples: Rubicon Financial Inc

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its personal property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s property's Intellectual Property.

Appears in 1 contract

Samples: Loan and Security Agreement (Electroglas Inc)

Encumbrances. Create, incur, assume or allow any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens, or covenant to any other Person that Borrower Borrowers in the future will refrain from creating, incurring, assuming or allowing any Lien with respect to any of Borrower’s Borrowers' property.

Appears in 1 contract

Samples: Loan and Security Agreement (Pfsweb Inc)

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