Common use of Liens and Encumbrances Clause in Contracts

Liens and Encumbrances. Except as provided in Section 3.6, create, assume, incur or permit to exist any mortgage, pledge, encumbrance, security interest, lien or charge of any kind upon any of its property, now owned or hereafter acquired, or acquire or agree to acquire any kind of property subject to any conditional sales or other title retention agreement, except liens securing purchase money indebtedness permitted pursuant to Section 5.1 above.

Appears in 10 contracts

Samples: Loan Agreement (Miscor Group, Ltd.), Loan Agreement (Brekford Corp.), Loan Agreement (Phillips Edison - ARC Shopping Center REIT Inc.)

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Liens and Encumbrances. Except as provided in Section 3.6, create, assume, incur or permit to exist any mortgage, pledge, encumbrance, security interest, lien or charge of any kind upon any of its property, now owned or hereafter acquired, or acquire or agree to acquire any kind of property subject to any conditional sales or other title retention agreement, except liens securing purchase money indebtedness permitted pursuant to Section 5.1 above.

Appears in 5 contracts

Samples: Loan Agreement (Research Solutions, Inc.), Loan Agreement (Northern Technologies International Corp), Loan Agreement (Mikros Systems Corp)

Liens and Encumbrances. Except as provided in Section 3.6, create, assume, incur or permit to exist any mortgage, pledge, encumbrance, security interest, lien or charge of any kind upon any of its property, now owned or hereafter acquired, or acquire or agree to acquire any kind of property subject to any conditional sales or other title retention agreement, except liens securing purchase money indebtedness permitted pursuant to Section 5.1 above.other than (collectively, “Permitted Encumbrances”):

Appears in 3 contracts

Samples: Loan Agreement (Preformed Line Products Co), Loan Agreement (Preformed Line Products Co), Loan Agreement (Preformed Line Products Co)

Liens and Encumbrances. Except as provided in Section 3.6, create, assume, incur assume or permit to exist any mortgage, pledge, encumbrance, encumbrance or other security interest, interest or lien or charge of any kind upon any of its property, assets now owned or hereafter acquired, acquired or acquire or agree to acquire enter into any kind arrangement for the acquisition of property subject to any conditional sales or other title retention agreement, except liens securing purchase money indebtedness permitted pursuant to Section 5.1 above.

Appears in 3 contracts

Samples: Loan Agreement (Strategic Diagnostics Inc/De/), Loan Agreement PNC Bank (Aloette Cosmetics Inc), Loan Agreement PNC Bank (Acrodyne Communications Inc)

Liens and Encumbrances. Except as provided in Section 3.6, create, assume, incur or permit to exist any mortgage, pledge, encumbrance, security interest, lien or charge of any kind upon any of its property, now owned or hereafter acquired, or acquire or agree to acquire any kind of property subject to any conditional sales or other title retention agreement, except liens securing purchase money indebtedness permitted pursuant to Section 5.1 above.except:

Appears in 2 contracts

Samples: Export Import Loan Agreement (Environmental Tectonics Corp), Loan Agreement (Environmental Tectonics Corp)

Liens and Encumbrances. Except as provided permitted in Section 3.63.6 or for any Permitted Lien, create, assume, incur or permit to exist any mortgage, pledge, encumbrance, security interest, lien or charge of any kind upon any of its property, now owned or hereafter acquired, or acquire or agree to acquire any kind of property subject to any conditional sales or other title retention agreement, except liens securing purchase money indebtedness permitted pursuant to Section 5.1 above.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Spar Group Inc)

Liens and Encumbrances. Except as provided in Section 3.6Create, create, assume, incur assume or permit to exist any mortgage, pledge, encumbrance, encumbrance or other security interest, interest or lien or charge of any kind upon any assets (including equity interests in any Subsidiary of its property, NumereX) now owned or hereafter acquired, acquired or acquire or agree to acquire enter into any kind arrangement for the acquisition of property subject to any conditional sales or other title retention agreement, agreement except (i) liens and encumbrances described in Section 2.6 (ii) liens and encumbrances securing purchase money indebtedness permitted pursuant to under Section 5.1 above4.1(iii) and (iii) liens and encumbrances in favor of Bank.

Appears in 2 contracts

Samples: Loan Agreement (Numerex Corp /Pa/), Loan Agreement (Numerex Corp /Pa/)

Liens and Encumbrances. Except as provided in Section 3.6, createCreate, assume, incur or permit to exist any mortgage, pledge, encumbrance, security interest, lien or charge of any kind upon any of its property, now owned or hereafter acquired, or acquire or agree to acquire any kind of property subject to any conditional sales or other title retention agreement, except liens securing purchase money indebtedness permitted pursuant to Section 5.1 above.

Appears in 1 contract

Samples: Loan Agreement (CLS Holdings USA, Inc.)

Liens and Encumbrances. Except as provided in Section 3.6, create, assume, incur assume or permit to exist any mortgage, pledge, encumbrance, encumbrance or other security interest, interest or lien or charge of any kind upon any of its property, assets now owned or hereafter acquired, acquired or acquire or agree to acquire enter into any kind arrangement for the acquisition of property subject to any conditional sales or other title retention agreement, except liens securing purchase money indebtedness permitted pursuant to Section 5.1 aboveagreement in an aggregate amount in excess of $100,000 annually during any fiscal period.

Appears in 1 contract

Samples: Loan Agreement (Intest Corp)

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Liens and Encumbrances. Except as provided in Section 3.6, create, assume, incur or permit to exist any mortgage, pledge, encumbrance, security interest, lien or charge of any kind upon any of its property, now owned or hereafter acquired, or acquire or agree to acquire any kind of property subject to any conditional sales or other title retention agreement, except liens securing on the assets purchased with purchase money indebtedness permitted pursuant to Section 5.1 (iv) above.

Appears in 1 contract

Samples: Loan Agreement (VerifyMe, Inc.)

Liens and Encumbrances. Except as provided in Section 3.63.5, create, assume, incur or permit to exist any mortgage, pledge, encumbrance, security interest, lien or charge of any kind upon any of its property, now owned or hereafter acquired, or acquire or agree to acquire any kind of property subject to any conditional sales or other title retention agreement, except liens securing on the assets purchased with purchase money indebtedness permitted pursuant to Section 5.1 aboveabove and Permitted Liens.

Appears in 1 contract

Samples: Loan Agreement (Cadre Holdings, Inc.)

Liens and Encumbrances. Except as provided in Section 3.6, create, assume, incur or permit to exist any mortgage, pledge, encumbrance, security interest, lien or charge of any kind upon any of its property, now owned or hereafter acquired, or acquire or agree to acquire any kind of property subject to any conditional sales or other title retention agreement, agreement except liens securing on the assets purchased with purchase money indebtedness permitted pursuant to Section 5.1 5.1(iv) above.

Appears in 1 contract

Samples: Loan Agreement (VerifyMe, Inc.)

Liens and Encumbrances. Except as provided in Section 3.63.7, create, assume, incur or permit to exist any mortgage, pledge, encumbrance, security interest, lien or charge of any kind upon any of its property, now owned or hereafter acquired, or acquire or agree to acquire any kind of property subject to any conditional sales or other title retention agreement, except liens securing purchase money indebtedness permitted pursuant to Section 5.1 above.

Appears in 1 contract

Samples: Loan Agreement (Dpac Technologies Corp)

Liens and Encumbrances. Except as provided in Section 3.6, create, assume, incur or permit to exist any mortgage, pledge, encumbrance, security interest, lien or charge of any kind upon any of its property, now owned or hereafter acquired, or acquire or agree to acquire any kind of property subject to any conditional sales or other title retention agreement, except liens in favor of the Bank and liens securing purchase money indebtedness permitted pursuant to Section 5.1 above.

Appears in 1 contract

Samples: Loan Agreement (Weyco Group Inc)

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