No Further Liens. All equipment, personal property, fixtures and other property subject to the lien of the security interest granted to Lender in the Deeds of Trust shall be fully paid for by Borrower and no security interest, lien or other encumbrance, other than that granted to Lender and the Permitted Encumbrances, shall exist thereon.
No Further Liens. Seller agrees it shall not from and after the date of this Agreement voluntarily or consensually perform any act which results in any additional exceptions to title that would survive the Closing without Purchaser's prior written consent.
No Further Liens. Seller agrees that it shall not from and after the Effective Date cause or permit any actions that result in any additional exceptions to title.
No Further Liens. Except for the lien of the First Mortgage, the Mortgagor will not voluntarily create or permit to be created against the Development any lien or liens, whether superior or junior to the lien of this Second Mortgage, and agrees to keep and maintain the Development free from the claims of all persons supplying labor or materials that will be used in the construction of the Development and the failure of the Mortgagor to keep the Development lien-free shall be a default under this Second Mortgage.
No Further Liens. The Chargor shall not create or attempt or agree to create or permit to arise or exist any Lien over all or any part of the Security Assets or any interest therein except under or pursuant to this Deed or permitted by the other Loan Documents. At all times, the Chargor shall remain as the sole beneficial owner of the Security Assets.
No Further Liens. Each Borrower hereby covenants with the Lender not to create, grant or suffer to exist any other security interest, lien or encumbrance upon the Collateral or any portion thereof (except as is in favor of Lender) and such Borrower shall at all times, keep the Collateral which is the subject of this Agreement free and clear from the same, other than Permitted Liens. In addition, no filings which could cause a lien or claim with respect to the Collateral which is the subject of this Agreement shall be permitted, except for the security interest being granted to the Lender, without the prior written consent of Lender. “Permitted Liens” means mechanics’ or materialmen’s liens, landlords’ liens, carriers’ liens and software licenses, in each case imposed by law and incurred or granted in the ordinary course of business.
No Further Liens. The Company shall maintain good title to, or the right to use, the Collateral, as the case may be, free and clear of any Liens or restrictions on the transfer thereof except for Liens created pursuant to this Agreement, Permitted Liens or Liens approved by the Lender in writing. In any case, the Liens granted to the Lender hereby shall have priority over any other Liens or restrictions as to the Collateral. The Company shall defend such title against the claims and demands of all persons and shall not grant, create or permit to attach or exist any mortgage, pledge, lien, levy, charge or other encumbrance on, of or against any of the Collateral.
No Further Liens. All equipment, personal property, fixtures and other property subject to the lien of any security interest granted to Lender in the Deeds of Trust shall be fully paid for by Borrower, if in relation to the Property, and by the Separate Property Owner, if in relation to the Separate Property, and no Lien, other than Permitted Encumbrances, shall exist thereon. If Borrower or the Separate Property Owner enters into any equipment lease, regardless of whether Lender’s consent is required thereto, Borrower or the Separate Property Owner, as applicable, shall provide Lender with a copy of such equipment lease within fifteen (15) Business Days of execution thereof and Borrower or the Separate Property Owner shall execute and deliver to Lender (and/or cause the lessor thereunder to execute and deliver to Lender) such documents and instruments reasonably requested by Lender to create and perfect a first priority security interest in the equipment lease and to ensure Lender’s ability to assume the equipment lease and use the leased equipment upon any foreclosure of the Deeds of Trust.
No Further Liens. Borrower shall not create, incur, assume or suffer to exist any lien or security interest upon any of the Collateral, except as provided for in this Agreement, and shall not file or suffer to be on file, or authorize or permit to be filed or to be on file, in any jurisdiction, any financing statement or like instrument with respect to the Collateral in which Lender is not named as the sole secured party.
No Further Liens. The Company shall maintain good title to, or the right to use, the Collateral, as the case may be, free and clear of any Liens or restrictions on the transfer thereof except for Liens created pursuant to this Agreement, Permitted Liens (including new Liens granted to the Senior Lender from time to time) or Liens approved by the Lender in writing. In any case, the Liens granted to the Lender herein shall have priority over any other Liens other than Permitted Liens (except Permitted Liens in favor of Lender securing the 2003 Intel Loan or in favor of Xxx X. Xxxxx) or restrictions as to the Collateral. The Company shall not grant, create or permit to attach or exist any mortgage, pledge, lien, levy, charge or other encumbrance on, of or against any of the Collateral.
