Common use of Prohibition Against Further Encumbrance Clause in Contracts

Prohibition Against Further Encumbrance. Borrower shall not, without the prior consent of Administrative Agent, further pledge, assign or grant any security interest in the Reserve Funds or the Security Accounts or permit any Lien to attach thereto, or any levy to be made thereon, or any Uniform Commercial Code financing statements, except those naming Administrative Agent on behalf of the Lenders as the secured party, to be filed with respect thereto.

Appears in 5 contracts

Samples: Loan Agreement (Acadia Realty Trust), Loan Agreement (General Growth Properties Inc), Loan Agreement (Acadia Realty Trust)

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Prohibition Against Further Encumbrance. Borrower shall not, without the prior consent of the Administrative Agent, further pledge, assign or grant any security interest in the Reserve Funds or the Security Accounts or permit any Lien to attach thereto, or any levy to be made thereon, or any Uniform Commercial Code financing statements, except those naming Administrative Agent on behalf of the Lenders as the secured party, to be filed with respect theretoattach.

Appears in 2 contracts

Samples: Loan Agreement (Morgans Hotel Group Co.), Loan Agreement (Morgans Hotel Group Co.)

Prohibition Against Further Encumbrance. Borrower shall not, without the prior written consent of Administrative Agent, further pledge, assign or grant any security interest in the Reserve Funds or the Security Accounts Account Collateral or permit any Lien to attach thereto, or any levy to be made thereon, or any Uniform Commercial Code financing statements, except those naming Administrative Agent on behalf of the Lenders as the secured party, to be filed with respect thereto.

Appears in 2 contracts

Samples: Acquisition and Project Loan Agreement (Acadia Realty Trust), Assignment and Assumption (Acadia Realty Trust)

Prohibition Against Further Encumbrance. Borrower shall not, without the prior consent of Administrative Agent, further pledge, assign or grant any security interest in the Deposit Account, the Reserve Funds or Funds, the Security Accounts Accounts, the Working Capital Funds, and the Working Capital Account or permit any Lien lien or encumbrance to attach thereto, or any levy to be made thereon, or any Uniform Commercial Code financing statementsUCC‑1 Financing Statements, except those naming Administrative Agent on behalf of the Lenders as the secured party, to be filed with respect thereto.

Appears in 1 contract

Samples: Senior Loan Agreement (KBS Strategic Opportunity REIT, Inc.)

Prohibition Against Further Encumbrance. Borrower and Property Guarantors shall not, without the prior consent of Administrative Agent, further pledge, assign or grant any security interest in the Reserve Funds or the Security Accounts or permit any Lien to attach thereto, or any levy to be made thereon, or any Uniform Commercial Code financing statements, except those naming Administrative Agent on behalf of the Lenders as the secured party, to be filed with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (General Growth Properties, Inc.)

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Prohibition Against Further Encumbrance. Borrower shall not, without the prior consent of the Administrative Agent, further pledge, assign or grant any security interest in the Interest Reserve Funds or the Security Accounts Fund or permit any Lien to attach thereto, or any levy to be made thereon, or any Uniform Commercial Code financing statements, except those naming Administrative Agent on behalf of the Lenders as the secured party, to be filed with respect theretoattach.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Morgans Hotel Group Co.)

Prohibition Against Further Encumbrance. Borrower Borrowers shall not, without the prior consent of Administrative Agent, further pledge, assign or grant any security interest in the Reserve Funds or the Security Accounts or permit any Lien to attach thereto, or any levy to be made thereon, or any Uniform Commercial Code financing statements, except those naming Administrative Agent on behalf of the Lenders as the secured party, to be filed with respect thereto.

Appears in 1 contract

Samples: Loan Agreement (General Growth Properties, Inc.)

Prohibition Against Further Encumbrance. Borrower shall not, without the prior consent of Administrative Agent, further pledge, assign or grant any security interest in the Deposit Account, the Reserve Funds or Funds, the Accounts, the Security Accounts or the Security Account Funds or permit any Lien lien or encumbrance to attach thereto, or any levy to be made thereon, or any Uniform Commercial Code financing statementsUCC‑1 Financing Statements, except those naming Mortgage Administrative Agent on behalf of the Lenders or Administrative Agent as the secured party, to be filed with respect thereto.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (KBS Strategic Opportunity REIT, Inc.)

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