Limitations on Mortgages, Liens, Etc. The Borrower will not, and will not permit any Restricted Subsidiary to, directly or indirectly, create, incur, assume, or suffer or permit to exist, any Lien, other than in favor of Bank or the Permitted Liens.
Limitations on Mortgages, Liens, Etc. The Borrower will not, and will not permit any of its Subsidiaries to, directly or indirectly, create, incur, assume, or suffer or permit to exist any Lien (but excluding Liens, if any, evidenced by operating leases) upon or with respect to any of its assets, or assign or otherwise convey any right to receive income, except the following:
Limitations on Mortgages, Liens, Etc. No Borrower will, directly or indirectly, create, incur, assume, or suffer or permit to exist any security interest, pledge, lien, or other charge or encumbrance (including the lien or retained security title of a conditional vendor or lessor) upon or with respect to any Collateral without the prior written consent of all of the Banks except (a) pursuant to the Loan Documents, (b) except workmen's, materialmen's, or other like liens arising in the ordinary course of business in respect of obligations which are not due or which are being contested in good faith, (c) liens for taxes not yet due or being contested in good faith by appropriate proceedings, (d) other similar encumbrances incurred in the ordinary course of business, and not interfering with the ordinary course of the business, (e) liens or security interests securing other indebtedness so long as the Borrowers remain in compliance with all terms and conditions of this Agreement at all times, including but not limited to, the financial covenants contained in Subsection 6.2 hereof; provided however, that such liens or security interests shall be of equal priority and pari passu with the liens and security interests of the Banks hereunder pursuant to the provisions of an intercreditor agreement or similar arrangement in form and substance satisfactory to the Agent and all of the Banks in their reasonable discretion and (f) mortgages on those properties listed on Schedule I hereto and in the Amended Letter Agreement.
Limitations on Mortgages, Liens, Etc. Borrower will not, directly or indirectly, create, incur, assume, or suffer or permit to exist any mortgage, pledge, lien, security interest, or other charge or encumbrance (including the lien or retained security title of a conditional vendor or lessor, but excluding liens, if any, evidenced by operating leases) upon or with respect to any of its assets, or assign or otherwise convey any right to receive income, except (without duplication): (a) Capital Leases described in Subsection 9.1(c) hereof; (b) purchase money security interests described in Subsection 9.1(d) hereof; (c) liens on assets acquired after the date hereof if such liens were in place at the time of acquisition, to the extent permitted in connection with Permitted Acquisitions pursuant to Section 2.3; (d) non-consensual liens which are removed within ten (10) days after the incurrence thereof or for so long as the enforcement thereof is stayed and bonded on appeal, provided that adequate reserves shall have been provided therefor pursuant to GAAP; (e) deposits or pledges in connection with worker's compensation, unemployment insurance, or other social security obligations incurred in the ordinary course of business; (f) liens securing the performance of bids, tenders, contracts (other than for the repayment of borrowed money), leases, statutory obligations, surety and appeal bonds; (g) mechanics', workmen's, materialmen's, or other like liens arising in the ordinary course of business in respect of obligations which are not due or which are being contested in good faith; (h) liens for taxes not yet due or being contested in good faith by appropriate proceedings, and in the case of those being contested, as to which Borrower shall have set aside on its books adequate reserves; (i) liens imposed by operation of law, unless the amount of the claim or the value of the affected property is in excess of U.S. $100,000.00 and the lien is not discharged within sixty (60) days after it has attached; (j) easements, rights-of-way, restrictions, and other similar encumbrances incurred in the ordinary course of business and not interfering with the ordinary course of the business; (k) liens and mortgages on real estate not included within the Borrower's Collateral or the Subsidiary's Collateral or any of the Subsidiaries, (l) mortgages securing permitted Real Estate Debt, (m) banker's liens of a bank or financial institution arising by operation of law with respect to funds on deposit in that bank or f...
Limitations on Mortgages, Liens, Etc. Neither Borrower nor Pledgor will, directly or indirectly, create, incur, assume, or suffer or permit to exist any mortgage, pledge, lien, security interest, or other charge or encumbrance (including the lien or retained security title of a conditional vendor or lessor) upon or with respect to any of its assets, or assign or otherwise convey any right to receive income, except: (a) mortgages or security interests in favor of Bank; (b) liens now existing and in such amounts as described in Schedule 7.2 attached hereto; (c) with respect to Borrower, liens or security interests securing the indebtedness described in Section 7.1.
Limitations on Mortgages, Liens, Etc. Borrower will not, directly or indirectly, create, incur, assume, or suffer or permit to exist any mortgage, pledge, lien, security interest, or other charge or encumbrance (including the lien or retained security title of a conditional vendor or lessor) upon or with respect to any of its assets, or assign or otherwise convey any right to receive income, except Permitted Liens.
