Liens or Encumbrances. The Company will not create or suffer to exist, or permit any Subsidiary to create or suffer to exist, any Lien upon any of its Property, income or profits, whether now owned or hereafter acquired, and will not enter into or suffer to exist, or permit any Subsidiary to enter into or suffer to exist, any agreement that would be inconsistent with the Purchasers' exercise of exclusive rights to Liens on the Corporations Property excepting the rights of the Senior Lender and the following:
Appears in 2 contracts
Samples: Note and Warrant Purchase Agreement (Specialty Catalog Corp), Note and Warrant Purchase Agreement (Specialty Catalog Corp)
Liens or Encumbrances. The Company will not create create, incur, assume or suffer to exist, or permit any Subsidiary to create create, incur, assume or suffer to exist, any Lien upon any of its Property, income or profits, whether now owned or hereafter acquired, and will not enter into or suffer to exist, or permit any Subsidiary to enter into or suffer to exist, any agreement that would be inconsistent with the Purchasers' exercise of exclusive rights to Liens on the Corporations Property excepting the rights of the Senior Lender and except the following:
Appears in 1 contract
Liens or Encumbrances. The Company will not create or suffer to exist, exist or permit any Subsidiary to create or suffer to exist, any Lien upon any of its Property, income or profits, whether now owned or hereafter acquired, and will not enter into or suffer to existEXCEPT AS FOLLOWS (collectively, or permit any Subsidiary to enter into or suffer to exist, any agreement that would be inconsistent with the Purchasers' exercise of exclusive rights to Liens on the Corporations Property excepting the rights of the Senior Lender and the following:"PERMITTED LIENS"):
Appears in 1 contract
Samples: Securities Purchase Agreement (CCC Information Services Group Inc)
