Common use of Further Encumbrances Clause in Contracts

Further Encumbrances. Until the obligations secured under this Agreement and the Note shall have been repaid in full, the Debtor shall not grant a security interest in any of the Collateral other than to Secured Party or execute any financing statements covering any of the Collateral in favor of any person other than Secured Party without Secured Party’s prior written consent.

Appears in 5 contracts

Samples: Cei Nuclear Security Agreement (FirstEnergy Generation Corp.), Te Fossil Security Agreement (FirstEnergy Generation Corp.), Te Nuclear Security Agreement (FirstEnergy Generation Corp.)

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Further Encumbrances. Until the obligations secured under this Agreement and the Secured Promissory Note shall have been repaid in full, the Debtor shall not grant a security interest in any of the Collateral other than to Secured Party or execute any financing statements covering any of the Collateral in favor of any person other than Secured Party without Secured Party’s prior written consent.

Appears in 1 contract

Samples: Pp Fossil Security Agreement (FirstEnergy Generation Corp.)

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