Common use of LIENS CREATED Clause in Contracts

LIENS CREATED. BY LESSEE. Create or suffer to exist any Lien or any other type of preferential arrangement, upon or with respect to any of its properties, whether now owned or hereafter acquired, or assign any right to receive income, other than Permitted Liens.

Appears in 7 contracts

Samples: Shortfall Funding Agreement (Balanced Care Corp), Shortfall Funding Agreement (Balanced Care Corp), Form of First Series Shortfall Funding Agreement (Balanced Care Corp)

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LIENS CREATED. BY LESSEE. Create or suffer to exist any Lien lien, security interest or other charge or encumbrance, or any other type of preferential arrangement, upon or with respect to any of its properties, whether now owned or hereafter acquired, or assign any right to receive income, other than Permitted Liens.

Appears in 2 contracts

Samples: Shortfall Funding Agreement (Balanced Care Corp), Shortfall Funding Agreement (Balanced Care Corp)

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