No Pledge of Assets Sample Clauses

No Pledge of Assets. Borrower will not mortgage, pledge, grant, or permit to exist a security interest in or Lien on any of its assets of any kind, now owned or hereafter acquired, except for unfiled mechanics liens incurred in connection with the construction of any Improvements.
Sample 1
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No Pledge of Assets. The Borrower shall not pledge any of its assets as security for any other loan without the Lender’s prior written consent, which may be withheld in the Lender’s sole and absolute discretion.
Sample 1
No Pledge of Assets. The Company agrees that it shall not, without the prior written agreement of the Noteholders, create, incur, assume or permit to exist any lien on any property or assets now owned or hereafter acquired by the Company.
Sample 1
No Pledge of Assets. Not mortgage, pledge, grant or permit to exist a security interest in, or lien upon, any of its assets of any kind, now owned or hereafter acquired, except any of the foregoing in favor of Lenders.
Sample 1

Related to No Pledge of Assets

  • PLEDGE OF ASSETS Mortgage, pledge, grant or permit to exist a security interest in, or lien upon, all or any portion of Borrower's assets now owned or hereafter acquired, except any of the foregoing in favor of Bank or which is existing as of, and disclosed to Bank in writing prior to, the date hereof.

  • No Pledge This Agreement shall not be deemed to represent a pledge of any interest in the Mortgage Loan by the Noteholders. Except as otherwise provided in this Agreement and the Servicing Agreement, no Non-Lead Noteholder shall have any interest in any property taken as security for the Mortgage Loan, provided, however, that if any such property or the proceeds of any sale, lease or other disposition thereof shall be received, then each Non-Lead Noteholder shall be entitled to receive its share of such application in accordance with the terms of this Agreement and/or the Servicing Agreement.

  • No disposal of assets The Borrower will not transfer, lease or otherwise dispose of:

  • Marshalling of Assets Borrower hereby waives, to the extent permitted by law, the benefit of all appraisal, valuation, stay, extension, reinstatement and redemption laws now in force and those hereafter in force and all rights of marshalling in the event of any sale hereunder of the Collateral or any part or any interest therein.

  • Use of Assets Use, manage, operate, maintain and repair all of their assets and properties in a normal business manner.

  • Purchases of Assets Fund will, on each business day on which a purchase of Assets shall be made by it, deliver to Custodian Instructions which shall specify with respect to each such purchase:

  • Sale of Assets The Company or the Bank sells to a third party all or substantially all of its assets.

  • No Transfer of Assets Neither Seller nor its Related Persons will make any transfer of pension or other employee benefit plan assets to Buyer.

  • Acquisition of Assets In the event the Company or any Subsidiary acquires any assets or other properties, such assets or properties shall constitute a part of the Collateral (as defined in the Security Agreement) and the Company shall take all action necessary to perfect the Purchasers’ security interest in such assets or properties pursuant to the Security Agreement.

  • Transfer of Assets Sell, transfer, lease, or otherwise dispose of any of its assets, except in the ordinary course of business.

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