Permitted Encumbrances. The inclusion of reference to Permitted Encumbrances in any Loan Document is not intended to subordinate and shall not subordinate, and shall not be interpreted as subordinating, any Encumbrance created by any of the Security to any Permitted Encumbrance.
Appears in 7 contracts
Sources: Credit Agreement (Valens Company, Inc.), Credit Agreement (SNDL Inc.), Credit Agreement (Valens Company, Inc.)
Permitted Encumbrances. The inclusion of reference to Permitted Encumbrances in any Loan Document is not intended to to, de facto, subordinate and shall not subordinate, and shall not be interpreted as subordinating, any Encumbrance created by any of the Security to any Permitted Encumbrance.
Appears in 4 contracts
Sources: Credit Agreement (Strategic Storage Trust VI, Inc.), Credit Agreement (Strategic Storage Trust VI, Inc.), Non Revolving Term Facility Credit Agreement (Strategic Storage Trust VI, Inc.)
Permitted Encumbrances. The inclusion of reference to Permitted Encumbrances in any Loan Credit Document is not intended to subordinate and shall will not subordinate, and shall will not be interpreted as subordinating, any Encumbrance created by any of the Security to any Permitted Encumbrance.
Appears in 4 contracts
Sources: Credit Agreement (Just Energy Group Inc.), Credit Agreement (Just Energy Group Inc.), Credit Agreement (Just Energy Group Inc.)
Permitted Encumbrances. The inclusion of reference to Permitted Encumbrances in any Loan Document is not intended to subordinate and shall will not subordinate, and shall not be interpreted as subordinating, any Encumbrance created by any of the Security to any Permitted Encumbrance.
Appears in 4 contracts
Sources: Credit Agreement, Credit Agreement (Dirtt Environmental Solutions LTD), Credit Agreement
Permitted Encumbrances. The inclusion of a reference to Permitted Encumbrances in any Loan Document is not intended to subordinate and shall not subordinate, and shall not be interpreted as subordinating, any Encumbrance created by any of the Security to any Permitted Encumbrance.
Appears in 1 contract
Sources: Credit Agreement (Nordion Inc.)
Permitted Encumbrances. The inclusion of reference to Permitted Encumbrances in any Loan Document is not intended to subordinate and shall not subordinate, and shall not be interpreted as subordinatingsubordinate, any Encumbrance created by any of the Security to any Permitted Encumbrance.
Appears in 1 contract
Sources: Loan Agreement (Monaco Group Inc)
Permitted Encumbrances. The inclusion of reference to Permitted Encumbrances in any Loan Credit Document is not intended to subordinate and shall not subordinate, and shall not be interpreted as subordinating, any Encumbrance created by any of the documents comprising the Security to any Permitted Encumbrance.
Appears in 1 contract