Common use of No Other Liens Clause in Contracts

No Other Liens. I will not create, permit or suffer any lien or encumbrance upon any of my properties for or by anyone, other than you, except for: nonconsensual liens imposed by law arising out of the ordinary course of business on obligations that are not overdue or which I am contesting in good faith after making appropriate reserves; valid purchase money security interests on personal property; or any other liens specifically agreed to by you in writing.

Appears in 10 contracts

Samples: Commercial Loan Agreement (Great Plains Ethanol LLC), Commercial Loan Agreement (Optical Cable Corp), Provide Insurance

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No Other Liens. I will not create, permit or suffer any lien or encumbrance upon any of my properties for or by anyone, other than you, except for: nonconsensual liens imposed by law arising out of the ordinary course of business on obligations that are not overdue or which I am contesting in good faith after making appropriate reserves; valid purchase money security interests on personal property; or any other liens specifically agreed to by you in writing.,

Appears in 1 contract

Samples: Loan and Security Agreement (ProUroCare Medical Inc.)

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No Other Liens. I will not create, ; permit or suffer any lien or encumbrance upon any of my properties for or by anyone, other than you, except for: nonconsensual liens imposed by law arising out of the ordinary course of business on obligations that are not overdue or which I am contesting in good faith after making appropriate reserves; valid purchase money security interests on personal property; or any other liens specifically agreed to by you in writing.

Appears in 1 contract

Samples: Nova Biosource Fuels, Inc.

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