No Additional Encumbrances. Borrower shall remain the owner of the Equipment (whether acquired prior to or after the date hereof) free from any lien security interest or encumbrance except those in favor of Lender and those arising under the Master Lease, and Borrower shall not execute or permit the filing of any financing statement thereon other than other than the UCC-1 Financing Statements (and any financing statement contemplated by the Mortgage Loan Agreement). Borrower shall defend the Equipment against all claims and demands of all persons other than Lender. Borrower shall not permit any action to be taken which would adversely affect the value of the Equipment or which would encumber, cloud or adversely effect in any manner Borrower's title or interest therein other than as contemplated by the Loan Documents. SCS Finance I Equipment Loan
Appears in 1 contract
Sources: Equipment Loan and Security Agreement (Alon USA Energy, Inc.)
No Additional Encumbrances. Borrower shall remain the owner of the Equipment (whether acquired prior to or after the date hereof) free from any lien security interest or encumbrance except those in favor of Lender and those arising under the Master Lease, and Borrower shall not execute or permit the filing of any financing statement thereon other than other than the UCC-1 Financing Statements (and any financing statement contemplated by the Mortgage Loan Agreement). Borrower shall defend the Equipment against all claims and demands of all persons other than Lender. Borrower shall not permit any action to be taken which would adversely affect the value of the Equipment or which would encumber, cloud or adversely effect in any manner Borrower's title or interest therein other than as contemplated by the Loan Documents. SCS Finance I II Equipment Loan
Appears in 1 contract
Sources: Equipment Loan and Security Agreement (Alon USA Energy, Inc.)