Common use of Non-Encumbrance Clause in Contracts

Non-Encumbrance. Without implying any limitation upon the generality of §8.2, the Borrower will not, and will not permit any other Person to, create or incur or suffer to be created or incurred or to exist any lien, encumbrance, mortgage, pledge, negative pledge, change, restriction or other security interest of any kind upon any Mortgaged Property described in any Mortgage (whether now owned or hereafter acquired), except for matters set forth in the Title Policies relating to such Mortgaged Property submitted to and approved by the Agent.

Appears in 3 contracts

Samples: Credit Agreement (GTJ Reit, Inc.), Credit Agreement (GTJ Reit, Inc.), Credit Agreement (GTJ REIT, Inc.)

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Non-Encumbrance. Without implying any limitation upon the generality of §Section 8.2, the Borrower will not, and will not permit any other Person to, create or incur or suffer to be created or incurred or to exist any lien, encumbrance, mortgage, pledge, negative pledge, change, restriction or other security interest of any kind upon any Mortgaged Property described in Special Real Estate encumbered by any Mortgage Special Security Documents (whether now owned or hereafter acquired), except for matters set forth in the Title Policies relating to such Mortgaged Property Special Real Estate submitted to and approved by the Agent.

Appears in 2 contracts

Samples: Master Revolving Credit Agreement (Ramco Gershenson Properties Trust), Master Revolving Credit Agreement (Ramco Gershenson Properties Trust)

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Non-Encumbrance. Without implying any limitation upon the generality of §Section 8.2, the Borrower will not, and will not permit any other Person to, create or incur or suffer to be created or incurred or to exist any lien, encumbrance, mortgage, pledge, negative pledge, change, restriction or other security interest of any kind upon any Mortgaged Property described in Special Real Estate encumbered by any Mortgage Special Security Documents (whether now owned or hereafter acquired), except for matters set forth in the Title Policies relating to such Mortgaged Property Special Real Estate submitted to and approved by the Agent.

Appears in 1 contract

Samples: Master Revolving Credit Agreement (Ramco Gershenson Properties Trust)

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