Future Encumbrances the execution by it of each of the Relevant Agreements to which it is or will be a party and the exercise by it of its rights and performance of or compliance with its obligations thereunder will not result in the existence of or oblige it to create any encumbrance over all or any of its present or future assets except for Permitted Encumbrances;
Future Encumbrances. Debtor shall not, without the prior written consent of Secured Party, grant any lien or security interest that may affect the Collateral, or any part thereof, nor shall Debtor permit or consent to any lien or security interest attaching to or being filed against any of the Collateral in favor of anyone other than Secured Party. Debtor shall further promptly pay when due all statements and charges of mechanics, materialmen, laborers and others incurred in connection with the alteration, improvement, repair and maintenance of the Collateral, or otherwise furnish appropriate security or bond, so that no future lien or security interest may ever attach to or be filed against any Collateral. In the event that the Collateral or any part thereof is and/or may be located in and/or on leased premises, Debtor shall promptly pay the full amount of such rental or lease payments whenever the same shall be due so that no lessor’s lien or privilege may ever attach to or affect any of the Collateral with possible preference and priority over the lien of this Security Agreement. In the event that any of the Collateral is purchased or otherwise acquired by Debtor on a credit or deferred payment sales basis, Debtor shall promptly pay the full amount of the purchase or acquisition price of such Collateral so that no vendor’s lien or privilege, or purchase money security interest, may ever attach to or be asserted against any of the Collateral with possible preference and priority over the lien of this Security Agreement. Debtor additionally agrees to obtain, upon request by Secured Party, and in form and substance as may then be satisfactory to Secured Party, appropriate waivers and/or subordinations of any lessor’s liens or privileges, vendor’s liens or privileges, purchase money security interest, and any other liens that may affect the Collateral at any time. As long as any part of the Obligations remain unpaid, Debtor will not permit any levy, attachment or restraint to be made affecting any of the Collateral, or permit any notice of lien to be filed with respect to the Collateral or any part thereof, or permit any receiver, trustee, custodian or assignee for the benefit of creditors to be appointed to take possession of any of the Collateral. Notwithstanding the foregoing, Debtor may, at its sole expense, contest in good faith by appropriate proceedings the validity or amount of any levy, attachment, restraint or lien filed against or affecting the Collateral, or any par...
Future Encumbrances. This Lease shall be subject and subordinate to the lien of any mortgage, deed of trust or ground lease hereafter placed on all or any part of the Premises, provided that Landlord shall deliver to Tenant a Subordination, Non-Disturbance and Attornment Agreement substantially in the form attached hereto as Exhibit G (the “SNDA”) executed by the holder thereof (“Holder”). Upon execution by Xxxxxx, Landlord shall record the SNDA in the San Xxxx Obispo County Recorder’s Office (the “Recording Office”), at Landlord’s sole cost.
Future Encumbrances. Except as expressly permitted by Section 26.1, Landlord shall not enter into any easement agreements, cost sharing agreements, covenants, conditions and restrictions or any similar agreements affecting the Property without the prior written consent of Tenant, which consent shall not be unreasonably withheld, conditioned or delayed.
Future Encumbrances. Grantor shall not, without the prior written consent of Lender, grant any Encumbrance that may affect the Collateral, or any part or parts thereof, nor shall Grantor permit or consent to any Encumbrance attaching to or being filed against the Collateral, or any part or parts thereof, in favor of anyone other than Lender. Grantor shall further promptly pay when due all statements and charges of airport authorities, mechanics, laborers, materialmen, suppliers and others incurred in connection with the use, operation, storage, maintenance and repair of the Aircraft so that no Encumbrance may attach to or be filed against the Aircraft or other Collateral. Xxxxxxx additionally agrees to obtain, upon request by Xxxxxx, and in form and substance as may then be satisfactory to Lender, appropriate waivers and/or subordinates of any Encumbrances that may affect the Collateral at any time.
Future Encumbrances. Sxxxx shall not, and shall cause its Affiliates not to, incur or permit to exist, with respect to any Licensed Technology, any lien, encumbrance, charge, security interest, mortgage, liability, assignment, grant of license or other obligation that is or would be inconsistent with the licenses and other rights granted to Pfizer under this Agreement.
Future Encumbrances. Except for Permitted Liens, Grantor shall not, without the prior written consent of Lender, grant any Encumbrance that may affect the Collateral, or any
Future Encumbrances. Except for Permitted Liens (as defined in the Loan Agreement), Mortgagor shall not, without the prior written consent of Mortgagee, grant any Encumbrance that may affect the mortgaged Property, or any part or parts thereof, nor shall Mortgagor permit or consent to any Encumbrance attaching to or being filed against any of the mortgaged Property in favor of anyone other than Mortgagee. Mxxxxxxxx shall further promptly pay when due all statements and charges of mechanics, materialmen, laborers and others incurred in connection with the alteration, improvement, repair and maintenance of the mortgaged Property, or otherwise furnish appropriate security or bond pursuant to a Permitted Protest (as defined in the Loan Agreement), so that no future Encumbrance may ever attach to or be filed against the Property or any of Mortgagor’s Rights.
Future Encumbrances. Seller agrees that from the date of execution hereof by Seller, Seller may not further encumber the Property other than the necessary easements provided in Article V of this Agreement without the written consent of the Purchaser, which consent will not be unreasonably withheld.
Future Encumbrances. Landlord shall have the right to cause this Lease to be, become and remain subject and subordinate to all ground or underlying leases, including sale-leaseback leases, mortgage and deeds of trust which may hereafter be executed covering the Landlord's building, the Premises, the real property thereunder or any portion thereof, for the full amount of all advances made or to be made thereunder and without regard to the time or character of such advances, together with interest thereon, and subject to all of the terms and provisions thereof. Tenant shall, within ten (10) days after Landlord's written request, execute, acknowledge and deliver all documents or instruments requested by Landlord or deemed necessary or proper to assure the subordination of this Lease to such mortgages, deeds of trust or leasehold estates. Failure of Tenant to timely execute, acknowledge and deliver the foregoing shall constitute a material default under this Lease.
