No Additional Encumbrances. Borrower shall not cause or suffer to occur or exist, directly or indirectly, voluntarily or involuntarily, by operation of law or otherwise, any sale, transfer, mortgage, pledge, lien or encumbrance (other than Permitted Exceptions, liens for ad valorem taxes and assessments that are not delinquent and those liens which Borrower is contesting in accordance with the terms of this Agreement,) of all or any part of the Project or any interest therein.
Appears in 3 contracts
Sources: Loan Agreement (Trade Street Residential, Inc.), Loan Agreement (Trade Street Residential, Inc.), Loan Agreement (Trade Street Residential, Inc.)