Common use of No Liens on Collateral Clause in Contracts

No Liens on Collateral. Borrower shall not incur, create, assume or permit to exist, any Lien on all or any of the collateral assigned to Bank pursuant to this Agreement or any other Loan Document as security for the Line of Credit or Letter of Credit Note, without the prior written consent of Bank.

Appears in 1 contract

Samples: Credit Agreement (84 Financial, L.P.)

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No Liens on Collateral. The Borrower shall not incur, create, assume or permit to exist, any Lien on all or any of the collateral Collateral assigned to Bank Lender pursuant to this Agreement or any other Loan Document as security for the Line of Credit or Letter of Credit Note, without the prior written consent of BankLender.

Appears in 1 contract

Samples: Credit Agreement (Shepherd's Finance, LLC)

No Liens on Collateral. Borrower shall not incur, incurs create, assume or permit to exist, any Lien on all or any of the collateral assigned to Bank pursuant to this Agreement or any other Loan Document as security for the Line of Credit or Letter of Credit Note, without the prior written consent of Bank.

Appears in 1 contract

Samples: Line of Credit Agreement (84 Financial, L.P.)

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No Liens on Collateral. Borrower shall not incur, create, assume or permit to exist, any Lien on all or any of the collateral assigned to Bank pursuant to this Agreement or any other Loan Document as security for the Line of Credit or Letter of Credit Note, without the prior written consent of Bank.

Appears in 1 contract

Samples: Line of Credit Agreement (84 Financial, L.P.)

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