Common use of Liens and Encumbrances Clause in Contracts

Liens and Encumbrances. Create, incur, assume or suffer to exist any mortgage, pledge, encumbrance, security interest, lien or charge of any kind (including any charge upon property purchased or acquired under a conditional sales or other title-retaining agreement or lease required to be capitalized under GAAP) upon any of its property or assets, whether now owned or hereafter acquired, other than Permitted Liens.

Appears in 13 contracts

Samples: Revolving Credit Loan Agreement (Thomas Group Inc), Loan Agreement (Henley Healthcare Inc), Credit Loan Agreement (Sterling Construction Co Inc)

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Liens and Encumbrances. Create, incur, assume or suffer to exist any mortgage, pledge, encumbrance, security interest, lien or charge of any kind upon any of its property or assets (including without limit any charge upon property purchased or acquired under a conditional sales or other title-title retaining agreement or lease required to be capitalized under GAAP) upon any of its property or assets, whether now owned or hereafter acquired, other than Permitted Liens.than:

Appears in 5 contracts

Samples: Revolving Credit Agreement (Pawnmart Inc), Revolving Credit Agreement (Pawnmart Inc), Credit Agreement (Xponential Inc)

Liens and Encumbrances. Create, incur, assume or suffer to exist any mortgage, pledge, encumbrance, security interest, lien or charge of any kind upon any of its property or assets (including without limit any charge upon property purchased or acquired under a conditional sales or other title-title retaining agreement or lease required to be capitalized under GAAP) upon any of its property or assets, whether now owned or hereafter acquired, acquired other than Permitted Liens.

Appears in 2 contracts

Samples: Revolving Credit Loan Agreement (Manatron Inc), Loan Agreement (Family Home Health Services, Inc.)

Liens and Encumbrances. Create, incur, assume or suffer to exist any mortgage, pledge, encumbrance, security interest, lien or charge of any kind (including any charge upon property purchased or acquired under a conditional sales or other title-retaining agreement or lease required to be capitalized under GAAP) upon any of its property or assets, whether now owned or hereafter acquired, other than Permitted Liens.retaining

Appears in 1 contract

Samples: Loan Agreement (Sun Coast Industries Inc /De/)

Liens and Encumbrances. Create, incur, assume assume, or suffer to exist any mortgage, pledge, encumbrance, security interest, lien or charge of any kind upon any of its property or assets (including including, without limit, any charge upon property purchased or acquired under a conditional sales or other title-title retaining agreement or lease required to be capitalized under GAAP) upon any of its property or assets, whether now owned or hereafter acquired, other than Permitted Liens.

Appears in 1 contract

Samples: Warehouse Security Agreement (Mca Financial Corp /Mi/)

Liens and Encumbrances. Create, incur, assume or suffer to exist any mortgage, pledge, encumbrance, security interest, lien or charge of any kind upon any of their property or assets (including without limit any charge upon property purchased or acquired under a conditional sales or other title-title retaining agreement or lease required to be capitalized under GAAP) upon any of its property or assets, whether now owned or hereafter acquired, other than Permitted Liens.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Riviera Tool Co)

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Liens and Encumbrances. CreateNot create, incur, ,assume or suffer to exist any mortgage, pledge, encumbrance, security interest, lien or charge of any kind (including any charge upon property purchased or acquired under a conditional sales or other title-title retaining agreement or lease required to be capitalized under GAAPagreement) upon any of its property or assets, assets whether now owned or hereafter acquired, acquired other than Permitted Liens.

Appears in 1 contract

Samples: Loan Agreement (Inmold Inc)

Liens and Encumbrances. Create, incurassume, assume incur or suffer permit to exist any mortgage, pledge, encumbrance, security interest, lien or charge of any kind (including any charge upon property purchased or acquired under a conditional sales or other title-retaining agreement or lease required to be capitalized under GAAP) upon any of its property or assetsproperty, whether now owned or hereafter acquired, or acquire or agree to acquire any kind of property subject to any conditional sales or other than Permitted Lienstitle retention agreement.

Appears in 1 contract

Samples: Loan Agreement (CLS Holdings USA, Inc.)

Liens and Encumbrances. Create, incur, assume or suffer to exist any mortgage, pledge, encumbrance, security interest, lien or charge of any kind upon any of its property or assets (including including, without limitation, any charge upon property purchased or acquired under a conditional sales or other title-title retaining agreement or lease required to be capitalized under GAAP) upon any of its property or assets, whether now owned or hereafter acquired, acquired other than (a) Permitted LiensLiens and (b) liens securing indebtedness, which does not exceed, at any time, an aggregate amount equal to $250000.

Appears in 1 contract

Samples: Secured Loan Agreement (Hilite Industries Inc)

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