Common use of Restrictions of Borrower Clause in Contracts

Restrictions of Borrower. Except for this Agreement and the Loan Documents, the Inventory Loan Documents, the Tranche A Loan Documents, the Tranche C Loan Documents, the Heller Documents and the Sovereign Documents, Borrower will not be, ox xx xfter the date hereof, a party to any contract or agreement which restricts its right or ability to incur indebtedness or prohibits Borrower's execution of or compliance with the terms of this Agreement, the other Loan Documents, the Inventory Loan Loan Agreement, the Tranche C Facility Loan Agreement, the Additional Credit Facility Loan Agreement, the Heller Documents, the Bond Holder Exchange Documents, the Sovereign Dxxxxxxts or the DZ Documents. Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of the Collateral, whether now owned or hereafter acquired, to be subject to a Lien except in favor of Agent as provided herein, and, with respect to the Land, the Additional Resort Collateral, the Silverleaf Finance I. Inc., Stock and the Ineligible Notes Receivable, in favor of Heller and Sovereign, as applicable.

Restrictions of Borrower. Except for this Agreement and the Loan Documents, the Inventory Tranche A Loan Documents, the Tranche A B Loan Documents, the Tranche C Loan Documents, the Heller Documents and the Sovereign Documents, the Borrower will not bebx, ox xx xfter or after the date hereof, a party to any contract or agreement which restricts its right or ability to incur indebtedness or prohibits Borrower's execution of or compliance with the terms of this Agreement, the other Loan Documents, the Inventory Tranche A Loan Documents, the Tranche B Loan AgreementDocuments, the Tranche C Facility Loan Agreement, the Additional Credit Facility Loan AgreementDocuments, the Heller Documents, the Bond Holder Exchange Documents, the Sovereign Dxxxxxxts or the DZ Facility Documents. The Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of the Collateral, whether now owned or hereafter acquired, to be subject to a Lien except in favor of Agent Lender as provided herein, and, with respect to the Land, the Additional Resort Collateral, the Silverleaf Finance I. Inc., Stock and the Ineligible Notes Receivable, in favor of Heller and Sovereign, as applicable."

Restrictions of Borrower. Except for this Agreement and the Loan Documents, the Inventory Loan Documents, the Tranche A Loan Documents, the Tranche C B Loan Documents, the Heller Documents and the Sovereign Documents, the Borrower will not bebx, ox xx xfter or after the date hereof, a party to any contract or agreement which restricts its right or ability to incur indebtedness or prohibits Borrower's execution of or compliance with the terms of this Agreement, the other Loan Documents, the Inventory Loan Loan AgreementDocuments, the Tranche C Facility A Loan AgreementDocuments, the Additional Credit Facility Tranche B Loan AgreementDocuments, the Heller Documents, the Bond Holder Exchange Documents, the Sovereign Dxxxxxxts or the DZ Facility Documents. The Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of the Collateral, whether now owned or hereafter acquired, to be subject to a Lien except in favor of Agent Lender as provided herein, and, with respect to the Land, the Additional Resort Collateral, the Silverleaf Finance I. Inc., Stock and the Ineligible Notes Receivable, in favor of Heller and Sovereign, as applicable."

Restrictions of Borrower. Except for this Agreement and the Loan Documents, the Inventory Loan Documents, the Tranche A B Loan Documents, the Tranche C Loan Documents, the Heller Documents and the Sovereign Documents, Borrower will not be, ox xx xfter the date hereof, a party to any contract or agreement which restricts its right or ability to incur indebtedness or prohibits Borrower's execution of or compliance with the terms of this Agreement, the other Loan Documents, the Inventory Loan Loan Agreement, the Tranche C Facility Loan Agreement, the Additional Credit Facility Loan Agreement, the Heller Documents, the Bond Holder Exchange Documents, the Sovereign Dxxxxxxts or the DZ Documents. Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of the Collateral, whether now owned or hereafter acquired, to be subject to a Lien except in favor of Agent as provided herein, and, with respect to the Land, the Additional Resort Collateral, the Silverleaf Finance I. Inc., Stock and the Ineligible Notes Receivable, in favor of Heller and Sovereign, as applicable.