Common use of Prohibition Against Encumbrance Clause in Contracts

Prohibition Against Encumbrance. Except as may otherwise be provided expressly in the Trust Documents, none of the Issuer, the Guarantor or the Trustee will, directly or indirectly assign, sell, dispose of or transfer all or any portion of or interest in a Trust Fund, or permit all or any portion of the Trust Fund to be subject to any lien, claim, mortgage, security interest, pledge or other encumbrance of any other Person.

Prohibition Against Encumbrance. Except as may otherwise be provided expressly in the Trust Documents, none of the Issuer, the Guarantor or the Trustee will, directly or indirectly indirectly, assign, sell, dispose of or transfer all or any portion of or interest in a any Trust Fund, or permit all or any portion of the any Trust Fund to be subject to any lien, claim, mortgage, security interest, pledge or other encumbrance of any other Person.

Prohibition Against Encumbrance. Except as may otherwise be provided expressly in the this Trust DocumentsAgreement, none of the Issuer, the Guarantor or the Trustee will, directly or indirectly indirectly, assign, sell, dispose of or transfer all or any portion of or interest in a the Trust Fund, or permit all or any portion of the Trust Fund to be subject to any lien, claim, mortgage, security interest, pledge or other encumbrance of any other Person.

Prohibition Against Encumbrance. Except as may otherwise be provided expressly in the Trust Documents, none of the Issuer, the Guarantor or the Trustee will, directly or indirectly indirectly, assign, sell, dispose of or transfer all or any portion of or interest in a the Trust Fund, or permit all or any portion of the Trust Fund to be subject to any lien, claim, mortgage, security interest, pledge or other encumbrance of any other Person.