Further Encumber Clause Samples
The "Further Encumber" clause restricts a party from placing additional liens, charges, or security interests on certain assets or property beyond what has already been agreed upon. In practice, this means that if a borrower has pledged collateral for a loan, they cannot use the same collateral to secure another loan or obligation without the lender's consent. This clause is commonly used in loan agreements to protect the lender's interest in the collateral. Its core function is to prevent dilution of the lender's security and to ensure that the collateral remains available and unencumbered for the benefit of the original secured party.
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Further Encumber. Except for Permitted Encumbrances, create or suffer to exist any Lien upon any of its Properties, whether now owned or hereafter acquired.
Further Encumber. Except for Permitted Encumbrances, create or suffer to exist any mortgage, pledge, lien or other encumbrance upon any of its properties or assets, real or personal, tangible or intangible, whether now owned or hereafter acquired.
Further Encumber. Except for Permitted Encumbrances, and liens granted under the Security Agreement, voluntarily create or suffer to exist any mortgage, pledge, lien or other encumbrance upon any of its properties or assets, real or personal, tangible or intangible, whether now owned or hereafter acquired.
Further Encumber. Except for Permitted Encumbrances, create or suffer to exist any mortgage, pledge, lien or other encumbrance upon the Project.
Further Encumber. 17 (c) Merge, Etc.....................................................17 (d)
Further Encumber. 41 (c) Dividends.............................................................................41 (d)
Further Encumber. Except for the Permitted Encumbrances, create or suffer to exist any Lien upon any of the Collateral, whether now owned or hereafter acquired.
Further Encumber. Except for Permitted Encumbrances, voluntarily create or suffer to exist any mortgage, pledge, lien or other encumbrance upon any of its properties or assets, real or personal, tangible or intangible including, without limitation, Borrower’s cash, marketable securities and gross revenues. Notwithstanding the foregoing or any other provision herein, the Borrower may encumber its properties or assets in connection with a borrowing that is permitted pursuant to Section 7.1.5 hereof.
Further Encumber. 21
5.1.3. Conduct of Business; Subsidiaries; Acquisitions. 21
5.1.4. Purchase Partnership Interests. 21 5.1.5. Sell and Leaseback. 21 5.1.6. Borrowings. 21 5.1.7. Investments. 21 5.1.8. Guarantees. 21 5.1.9. Change Name or Place of Business. 22 5.1.10. Special Corporate Transactions. 22