Common use of Indebtedness and Liens Clause in Contracts

Indebtedness and Liens. (1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 73 contracts

Samples: Business Loan Agreement (Black Ridge Oil & Gas, Inc.), Business Loan Agreement (Medalist Diversified REIT, Inc.), Business Loan Agreement (Collectors Universe Inc)

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Indebtedness and Liens. (1a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2b) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens)assets, or (3c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 19 contracts

Samples: Loan Agreement (Industrial Services of America Inc /Fl), Business Loan Agreement (Novadigm Inc), Investment Agreement (Euroweb International Corp)

Indebtedness and Liens. (1a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens)Borrowers assets, or (3c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 10 contracts

Samples: Business Loan Agreement (Pods Inc), Business Loan Agreement (Pods Inc), Business Loan Agreement (Pods Inc)

Indebtedness and Liens. (1a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases; (b) except as allowed as a Permitted Lien, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens), assets; or (3c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 4 contracts

Samples: Business Loan Agreement (Citadel Holding Corp), Agricultural Loan Agreement (Citadel Holding Corp), Agricultural Loan Agreement (Citadel Holding Corp)

Indebtedness and Liens. (1a) Except for trade debt incurred in the normal course of business and indebtedness Indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness Indebtedness for borrowed money, including capital leases, (2b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens)assets, or (3c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 2 contracts

Samples: Business Loan Agreement (Key Technology Inc), Business Loan Agreement (Key Technology Inc)

Indebtedness and Liens. (1a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume additional indebtedness for borrowed money, including capital leases, (2b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens)assets, or (3c) sell with recourse any of Borrower's Borrowers accounts, except to Lender.

Appears in 2 contracts

Samples: Loan Agreement (Hemacare Corp /Ca/), Loan Agreement (Hemacare Corp /Ca/)

Indebtedness and Liens. (1a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases(b) except as allowed as a Permitted Lien, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens)assets, or (3c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Faroudja Inc)

Indebtedness and Liens. (1a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of the Borrower's assets (except as allowed as Permitted Liens)assets, or (3C) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Lindal Cedar Homes Inc /De/)

Indebtedness and Liens. (1a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2b) sellexcept as allowed as a Permitted Lien, sell transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens), or (3c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (First Southern Funding Inc)

Indebtedness and Liens. (1a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrowerborrower's assets (except as allowed as Permitted Liens)assets, including but not limited to any stock of any subsidiary, or (3c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Key Technology Inc

Indebtedness and Liens. (1) Except except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Husker Ag Processing LLC)

Indebtedness and Liens. (1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's Borrower`s assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower's Borrower`s accounts, except to Lender.

Appears in 1 contract

Samples: Trimedia Entertainment Group Inc

Indebtedness and Liens. (1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, money including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, lease grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens), ) or (3) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Ironclad Performance Wear Corp)

Indebtedness and Liens. (1a) Except for otherwise as approved by the Lender trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens)assets, or (3c) sell with recourse any of BorrowerXxxxxxxx's accounts, except to LenderXxxxxx.

Appears in 1 contract

Samples: Loan Agreement (Medical Resources Management Inc)

Indebtedness and Liens. (1a) Except for trade traded debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens)assets, or (3c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Loan Agreement (U S Laboratories Inc)

Indebtedness and Liens. (1a) Except for trade debt incurred in the normal course of business as previously disclosed to Lender and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens)assets, or (3c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (T&w Financial Corp)

Indebtedness and Liens. (1a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases,* (b) except as allowed as a Permitted Lien, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens), assets* or (3c) sell self with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Hyland Software Inc)

Indebtedness and Liens. (1a) Except for trade debt incurred in the normal course of business business, equipment lease, and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens)assets, or (3c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Commercial Security Agreement (Gynecare Inc)

Indebtedness and Liens. (1a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this the Agreement, create, incur or assume indebtedness Indebtedness for borrowed money, including capital leases, (2b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens)assets, or (3c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Loan Agreement (T&w Financial Corp)

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Indebtedness and Liens. (1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or on assume indebtedness for borrowed money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Sardy House LLC)

Indebtedness and Liens. (1a) Except except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases. (b) except as allowed as a Permitted Lien, (2) sell, transfer, . mortgage, assign, . pledge, . lease, . grant a security interest inInterest In, or encumber any of Borrower's assets (except as allowed as Permitted Liens)assets, or (3c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Pinnacle Data Systems Inc)

Indebtedness and Liens. (1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, money including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Accord Advanced Technologies Inc)

Indebtedness and Liens. (1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including Including capital leases, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Gerimed of America Inc)

Indebtedness and Liens. (1a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including except capital leases, (2b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens)assets, or (3c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Loan Agreement (United Medicorp Inc)

Indebtedness and Liens. (1a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including other than equipment or capital leases, (2b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens)assets, or (3c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Accelgraphics Inc)

Indebtedness and Liens. (1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume additional indebtedness for borrowed money, including capital leases, in excess of the aggregate amount of $100,000.00, (2) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Security Agreement (Collegiate Pacific Inc)

Indebtedness and Liens. (1a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leaseslosses, (2b) except as allowed as a Permitted Lien, sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens)assets, or (3c) sell with recourse any of Borrower's accountsAccounts, except to Lender.

Appears in 1 contract

Samples: Loan Agreement (Regeneration Technologies Inc)

Indebtedness and Liens. (1a) Except for trade debt incurred in the normal course of business business, and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2b) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, in or encumber any of Borrower's assets (except as allowed as Permitted Liens)assets, or (3c) sell with recourse any of Borrower's accounts, except to LenderLender and except for Borrower's accounts as allowed as a permitted lien.

Appears in 1 contract

Samples: Rexall Sundown Inc

Indebtedness and Liens. (1) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2) sell, transfer, mortgage, assign, pledge, pledge lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens), or (3) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (International Dispensing Corp)

Indebtedness and Liens. (1a) Except for trade debt incurred in the normal course of business and indebtedness to Lender contemplated by this Agreement, create, incur or assume indebtedness indebtness for borrowed money, including capital leases, (2b) sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as Permitted Liens)assets, or (3c) sell with recourse any of Borrower's accounts, except to Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Geographics Inc)

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