Common use of Indebtedness and Liens Clause in Contracts

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 88 contracts

Samples: Wilmington Trust (Litronic Inc), Business Loan Agreement (New America Network Inc), Loan Modification Agreement (Quicklogic Corporation)

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Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to Lender.

Appears in 47 contracts

Samples: Business Loan Agreement (BayFirst Financial Corp.), Business Loan Agreement (Landmark Bancorp Inc), Loan Agreement (Torotel Inc)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to LenderXxxxxx.

Appears in 31 contracts

Samples: Business Loan Agreement (Ocean Bio Chem Inc), Business Loan Agreement (Electromed, Inc.), Business Loan Agreement (KeyStone Solutions, Inc.)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to LenderXxxxxx.

Appears in 24 contracts

Samples: Business Loan Agreement (Addvantage Technologies Group Inc), Business Loan Agreement (Gaia, Inc), Business Loan Agreement (IMH Financial Corp)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts’s accounts receivable, except to Lender.

Appears in 5 contracts

Samples: Business Loan Agreement (Heritage Global Inc.), Business Loan Agreement (Heritage Global Inc.), Business Loan Agreement (Syra Health Corp)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to LenderLxxxxx.

Appears in 4 contracts

Samples: Business Loan Agreement (United Bancorp Inc /Mi/), Loan Agreement (Superior Drilling Products, Inc.), Where Food Comes From, Inc.

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's ’s assets, or (c) sell with recourse any of Borrower's ’s accounts, except to Lender.

Appears in 3 contracts

Samples: Loan Agreement (Synergetics Usa Inc), Business Loan Agreement (Scanner Technologies Corp), Loan Agreement and Note (Nutech Digital Inc)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, self transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 3 contracts

Samples: Business Loan Agreement (Autocorp Equities Inc), Business Loan Agreement (Autocorp Equities Inc), Business Loan Agreement (Autocorp Equities Inc)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to LenderLxxxxx.

Appears in 3 contracts

Samples: Business Loan Agreement (Pro Dex Inc), Business Loan Agreement (Reliv International Inc), Business Loan Agreement (Aetrium Inc)

Indebtedness and Liens. (ai) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreementthe Obligations, create, incur or assume indebtedness for borrowed moneyIndebtedness, including other than capital leases, (bii) except as allowed as a for Permitted Lien, sell, transfer, mortgage, assign, pledge, leaseLiens, grant a security interest in, or encumber permit to exist any Lien on any of the Borrower's assets, or (ciii) sell with recourse any of the Borrower's accounts, except to Lenderthe Lenders.

Appears in 3 contracts

Samples: Loan Agreement (Cutter & Buck Inc), Loan Agreement (Cutter & Buck Inc), Loan Agreement (Cutter & Buck Inc)

Indebtedness and Liens. (a) Except for indebtedness referred to in Paragraph 2.n hereof and except for trade debt incurred in the normal course of business business, and except for indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s property, or (c) sell with recourse any of Borrower's ’s accounts, except to Lender.

Appears in 2 contracts

Samples: Loan Agreement, Business Loan Agreement (Basin Water, Inc.)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, leases (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to LenderXxxxxx.

Appears in 2 contracts

Samples: Business Loan Agreement (TSS, Inc.), Business Loan Agreement (TSS, Inc.)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume additional indebtedness for borrowed money, including capital leases, in excess of the aggregate amount of $100,000.00, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to Lender.

Appears in 2 contracts

Samples: Business Loan Agreement (Royal Bodycare Inc/Nv), Business Loan Agreement (Royal Bodycare Inc/Nv)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, in excess of the aggregate amount of $250,000.00 per fiscal year (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to Lender.

Appears in 2 contracts

Samples: Business Loan Agreement (TSS, Inc.), Business Loan Agreement (TSS, Inc.)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, leases (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 2 contracts

Samples: Business Loan Agreement (Back Yard Burgers Inc), Loan Agreement (Orphan Medical Inc)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness Indebtedness for borrowed money, including Including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 2 contracts

Samples: Business Loan Agreement (Premier Financial Bancorp Inc), Business Loan Agreement (Premier Financial Bancorp Inc)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness Indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 2 contracts

Samples: Business Loan Agreement (Labor Ready Inc), Stearns & Lehman Inc

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, Agreement create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to LenderXxxxxx.

Appears in 2 contracts

Samples: Commercial Pledge Agreement (Laird Superfood, Inc.), Commercial Pledge Agreement (Laird Superfood, Inc.)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to Lender.Xxxxxx. BUSINESS LOAN AGREEMENT

Appears in 2 contracts

Samples: Business Loan Agreement (Loyalty Alliance Enterprise Corp), Business Loan Agreement (Loyalty Alliance Enterprise Corp)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur incur, or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's ’s assets, or (c) sell with recourse any of Borrower's ’s accounts, except to LenderXxxxxx.

Appears in 2 contracts

Samples: www.adelfibanking.com, www.eccu.org

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, sell transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 2 contracts

Samples: Loan Agreement (Bab Holdings Inc), Loan Agreement (Bab Holdings Inc)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, sell transfer mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 2 contracts

Samples: Business Loan Agreement (Scotts Liquid Gold Inc), Business Loan Agreement (Scotts Liquid Gold Inc)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, . (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to LenderXxxxxx.

Appears in 2 contracts

Samples: Business Loan Agreement (Rancon Realty Fund V), Business Loan Agreement (Versant Corp)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness Indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 2 contracts

Samples: Construction Loan Agreement, Construction Loan Agreement

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accountsaccounts receivable, except to Lender.

Appears in 2 contracts

Samples: Business Loan Agreement (FGI Industries Ltd.), Business Loan Agreement (Lodging Fund REIT III, Inc.)

Indebtedness and Liens. (a) Except 1)Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sellleases,(2)sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsBorrower ’s assets (except as allowed as Permitted Liens), or (c) sell 3)sell with recourse any of Borrower's Borrower ’s accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Arena Resources Inc)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed bor rowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfertransfer , mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens) , or (c3) sell with recourse any of Borrower's Bor rower’s accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Shells Seafood Restaurants Inc)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, leases (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (TSS, Inc.)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed wed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber enccumber any of Borrower's assetsassets (except as allowed as permitted liens),, or (c3) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Chicago Pizza & Brewery Inc)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, Agreement create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Loan Agreement (Magnavision Corporation)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume additional indebtedness for borrowed money, including capital leases, in excess of the aggregate amount of $100,000.00. (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (RBC Life Sciences, Inc.)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets except as allowed as Permitted Liens), or (c3) sell with without recourse any of Borrower's accounts, except to LenderXxxxxx.

Appears in 1 contract

Samples: Business Loan Agreement (Black Mountain Holdings, Inc.)

Indebtedness and Liens. (a) Except for trade debt incurred in in, the normal course of business business/(T) and indebtedness Indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as except/(D) allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Fresh Enterprises Inc)

Indebtedness and Liens. (a1) Except for trade debt incurred in the .the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens], or (c3) sell with recourse any of Borrower's ’s accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Dynamic Health Products Inc)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness Indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness Indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of the Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Ride Inc)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leaseslease, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.or

Appears in 1 contract

Samples: Loan Agreement (American Xtal Technology)

Indebtedness and Liens. (a1) Except for trade debt indebtedness incurred in the ordinary normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens and except in the ordinary course of business), or (c3) sell with recourse any of Borrower's accounts, except to Lender’s accounts outside the ordinary course of business.

Appears in 1 contract

Samples: Business Loan Agreement (Champion Industries Inc)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, or incur any other liabilities, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (CarePayment Technologies, Inc.)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, . lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts’s accounts receivable, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Clearday, Inc.)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsBorrowers assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to LenderXxxxxx.

Appears in 1 contract

Samples: Business Loan Agreement (Siena Technologies, Inc.)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume additional indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (ComSovereign Holding Corp.)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, Agreement create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Torotel Inc)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur incur, or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accountsaccount, except to Lender.

Appears in 1 contract

Samples: Loan Agreement (NTS Properties Vi/Md)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume additional indebtedness for borrowed money, including capital leases, in excess of the aggregate amount of $250,000.00, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Tandy Leather Factory Inc)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, ; (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Elecsys Corp)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of BorrowerBorrower 's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to LenderXxxxxx .

Appears in 1 contract

Samples: Business Loan Agreement (Lodging Fund REIT III, Inc.)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets except as contemplated by the Merger Agreement or allowed as Permitted Liens, or (c3) sell with recourse any of Borrower's accounts, except to LenderLxxxxx.

Appears in 1 contract

Samples: Business Loan Agreement and Borrower (Janel Corp)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Wayside Technology Group, Inc.)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur incur, or assume indebtedness for borrowed money, including capital leaseseases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Loan Agreement (Champion Industries Inc)

Indebtedness and Liens. (a1) Except for the trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this the Agreement, create, incur or assume assure indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Asa International LTD

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest inIn, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Amexdrug Corp)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume additional indebtedness for borrowed money, including capital leases, in excess of the aggregate amount of $500,000,00, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to Lender.

Appears in 1 contract

Samples: Loan Agreement (Opnet Technologies Inc)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including Including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Usbank Business Loan Agreement (Applied Microsystems Corp /Wa/)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness Indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Coda Music Technology Inc)

Indebtedness and Liens. (a) 1} Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to LenderXxxxxx.

Appears in 1 contract

Samples: Business Loan Agreement (Lodging Fund REIT III, Inc.)

Indebtedness and Liens. (a( 1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, assets (except as allowed as Permitted Liens) or (c3) sell with ________________________ recourse any of Borrower's accounts, except to Lenderexxxxx xx Lender .

Appears in 1 contract

Samples: Loan Agreement (Category 5 Technologies Inc)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed borrower money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Loan Agreement (Medi Hut Co Inc)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lienpermitted lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Loan Agreement (Expresspoint Technology Systems Inc)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, self transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.,

Appears in 1 contract

Samples: Business Loan Agreement (Autocorp Equities Inc)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, or (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or assets (c) sell with recourse any of Borrower's accounts, except to Lenderas allowed as Permitted Liens).

Appears in 1 contract

Samples: Construction Loan Agreement

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest Interest in, or encumber any of Borrower's Borrowers assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Wilmington Trust Business Loan Agreement (Astropower Inc)

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Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to Lender.. BUSINESS LOAN AGREEMENT

Appears in 1 contract

Samples: Business Loan Agreement (RBC Life Sciences, Inc.)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's borrowers assets, or (c) sell with recourse any of Borrower's accounts, except to LenderLender .

Appears in 1 contract

Samples: Business Loan Agreement (Personal Computer Products Inc)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sellse!l, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Capitol First Corp)

Indebtedness and Liens. (a1) Except for trade debt incurred Incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest Interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accountsaccounts receivable, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Elevate.Money REIT I, Inc.)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens and except in the ordinary course of business), or (c3) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Egames Inc)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Security Agreement (Obsidian Enterprises Inc)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed in Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Construction Loan Agreement (Husker Ag Processing LLC)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed allow' ed as a Permitted Lien, sell, self transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Autocorp Equities Inc)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness Indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to LenderXxxxxx.

Appears in 1 contract

Samples: Business Loan Agreement (VCG Holding Corp)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets {except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to LenderLxxxxx.

Appears in 1 contract

Samples: Business Loan Agreement (Homeland Energy Solutions LLC)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's ’s assets, or (c) sell with recourse any of Borrower's ’s accounts, except to Lender.

Appears in 1 contract

Samples: Change in Terms Agreement (Heritage Oaks Bancorp)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness Indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Greenwood Hall, Inc.)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or which are collateral for the loan, (c) sell with recourse any of Borrower's accounts, except to LenderXxxxxx.

Appears in 1 contract

Samples: Business Loan Agreement (Analytical Surveys Inc)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed borrower money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets included in collateral (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's , accounts, except to Lender. The Borrower may sell assets in the normal course of business.

Appears in 1 contract

Samples: Loan Agreement (Dewey Electronics Corp)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, Agreement create, incur or assume indebtedness for borrowed money, . including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to Lender.

Appears in 1 contract

Samples: Loan Agreement (Torotel Inc)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's Borrowers accounts, except to Lender.

Appears in 1 contract

Samples: Suncrest Global Energy Corp

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Change in Terms Agreement (Phone1globalwide Inc)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sellsale, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Loan Agreement (R B Rubber Products Inc)

Indebtedness and Liens. (a) 1. Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Cornerstone Realty Fund LLC)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest inI, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Loan Agreement (Amphastar Pharmaceuticals, Inc.)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or further encumber any of Borrower's assets’s assets without prior consent of Lender (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to LenderXxxxxx.

Appears in 1 contract

Samples: Business Loan Agreement (Utek Corp)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (( c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Capitol Communities Corp)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness Indebtedness to Lender contemplated by this Agreement, Agreement create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest Security Interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Sports Field Holdings, Inc.)

Indebtedness and Liens. (a) 11 Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, 21 sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c) 31 sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Loan Agreement (Charge Enterprises, Inc.)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness Indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (VCG Holding Corp)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this the Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, so transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Bankboston Business Loan Agreement (Embedded Support Tools Corp)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender Holder contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, or (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, in or encumber any of Borrower's Maker’s or Co-Maker’s assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.;

Appears in 1 contract

Samples: Third Agreement (Microhelix Inc)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leasesteases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to LenderXxxxxx.

Appears in 1 contract

Samples: Loan Agreement (Lodging Fund REIT III, Inc.)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, in excess of Seven Million Dollars (b$7,000,000.00). (2) except Except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets, or the Collateral. (c3) sell Sell with recourse any of Borrower's accountsAccounts, except to Lender.. (b)

Appears in 1 contract

Samples: Loan Agreement (Phillips R H Inc)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, createcreat, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to LenderXxxxxx.

Appears in 1 contract

Samples: Business Loan Agreement (Ocean Bio Chem Inc)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to LenderXxxxxx.

Appears in 1 contract

Samples: Security Agreement (Elecsys Corp)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, . including capital leases, . (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, . pledge, lease, grant a security interest Interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Prospect Acquisition Corp)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed moneymoney in excess of $500,000, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of BorrowerLender's assetsCollateral, or (c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Loan Agreement (Headwaters Inc)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, Agreement create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, assign pledge lease, grant a security interest in, in or encumber any of Borrower's assetsBorrowers assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Pacifichealth Laboratories Inc)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsassets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Amexdrug Corp)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed moneymoney in excess of $250,000.00, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of BorrowerLender's assetscollateral, or (c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Covol Technologies Inc)

Indebtedness and Liens. (a1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, BUSINESS LOAN AGREEMENT pledge, lease, grant a security interest in, or encumber any of Borrower's assets’s assets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's ’s accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Rancon Realty Fund V)

Indebtedness and Liens. (a) Except for trade debt incurred in the normal course of business and indebtedness Indebtedness to Lender contemplated by this Agreement, create, create incur or assume indebtedness for borrowed money, including capital leases, (b) except as allowed as a Permitted Lien, sell, transfer, mortgage, mortgage assign, pledge, lease, grant a security interest inIn, or encumber any of Borrower's assets, or (c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Loan Agreement (Daw Technologies Inc /Ut)

Indebtedness and Liens. (a1) Except except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (b2) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assetsAssets (except as allowed as Permitted Liens), or (c3) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (GFS Acquisition Co Inc)

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