Common use of Limitations on Liens Clause in Contracts

Limitations on Liens. The Company will not, and will not cause or permit any Restricted Subsidiary to, create, incur, assume or suffer to exist any Liens, other than Permitted Liens, on any of its Property, or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.

Limitations on Liens. The Company will notnot itself, and will not cause or permit any Restricted Subsidiary to, create, incur, assume or suffer to exist any Liensmortgage, lien, pledge, security interest or other than Permitted Lienscharge or encumbrance (including, on without limitation, the lien or retained security title of a conditional vendor), all of which are referred to below as “liens”, upon all or any part of its Property, or on any shares of Capital Stock or Indebtedness property of any Restricted Subsidiarycharacter, unless contemporaneously therewith whether owned at the date hereof or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.thereafter acquired, except:

Limitations on Liens. (a) The Company will shall not, and will shall not cause or permit any Restricted Subsidiary to, directly or indirectly, create, incur, assume or suffer to exist any Liens, other than Permitted LiensLien that secures obligations under any Indebtedness or any related guarantee, on any asset of its Property, the Company or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, whether owned on the Issue Date or thereafter acquired, except Permitted Liens, unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.therewith:

Limitations on Liens. The Company will not, and will not cause or permit any of its Restricted Subsidiary Subsidiaries to, create, incur, assume incur or otherwise cause or suffer to exist or become effective any Liens, Liens of any kind (other than Permitted Liens, on ) upon any Property or asset of the Company or any of its Property, Restricted Subsidiaries or on any shares of Capital Stock or Indebtedness of any Restricted SubsidiarySubsidiary of the Company which owns Property or assets, unless contemporaneously therewith now owned or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.hereafter acquired, unless

Limitations on Liens. The Company will notnot itself, and will not cause or permit any Restricted Subsidiary to, create, incur, assume or suffer to exist any Liensmortgage, lien, pledge, security interest or other than Permitted Lienscharge or encumbrance (including, on without limitation, the lien or retained security title of a conditional vendor), all of which are referred to below as "liens", upon all or any part of its Property, or on any shares of Capital Stock or Indebtedness property of any Restricted Subsidiarycharacter, unless contemporaneously therewith whether owned at the date hereof or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.thereafter acquired, except:

Limitations on Liens. (a) The Company will shall not, and will shall not cause or permit any Restricted Subsidiary to, directly or indirectly, create, incur, or assume any Lien that secures obligations under any Indebtedness or suffer to exist any Liens, other than Permitted Liensrelated guarantee, on any asset of its Property, the Company or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, whether owned on the Issue Date or thereafter acquired, except Permitted Liens, unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.therewith:

Limitations on Liens. The Company will not, and nor will not cause or it permit any Restricted Subsidiary to, create, incurassume, assume incur or suffer to exist any Liens, other than Permitted Liens, on Lien upon any of its Principal Property, whether owned or leased on the date hereof or thereafter acquired, to secure any shares Debt of Capital Stock the Company or Indebtedness of any Restricted Subsidiaryother Person, unless contemporaneously therewith without in any such case making effective provision whereby this note shall be secured equally and ratably with, or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability to, such Debt so secured until such time long as such obligation or liability is no longer secured by a Lien.Debt shall be so secured. This restriction shall not apply to:

Limitations on Liens. The Company will shall not, and will shall not cause or permit any Restricted Subsidiary to, directly or indirectly, create, incur, assume or suffer to exist any Liens, other than Permitted LiensLien that secures obligations under any Indebtedness or any related guarantee, on any asset of its Property, the Company or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, whether owned on the Issue Date or thereafter acquired, except Permitted Liens, unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.therewith:

Limitations on Liens. The Company will shall not, and will shall not cause or permit any Restricted Subsidiary to, directly or indirectly, create, incur, assume or permit or suffer to exist any Liens, Lien of any nature whatsoever against (other than Permitted Liens) any assets of the Company or any Guarantor (including Equity Interests of a Restricted Subsidiary), on any of its Propertywhether owned at the Issue Date or thereafter acquired, or on any shares of Capital Stock proceeds therefrom, or Indebtedness of assign or otherwise convey any Restricted Subsidiaryright to receive income or profits therefrom, unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.therewith:

Limitations on Liens. The Company will not, and will not cause or permit any Restricted Subsidiary to, create, assume or incur, assume or suffer to exist exist, any Liensmortgage, other than Permitted Lienspledge, security interest, encumbrance, lien or charge of any kind on any of its Propertyor their property, whether now owned or hereafter acquired, or on upon any shares of Capital Stock income or Indebtedness of any Restricted Subsidiaryprofits therefrom (collectively, unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien."Liens"), except:

Limitations on Liens. The Company will and the Subsidiary Guarantors shall not, and will shall not cause or permit any Restricted Subsidiary of their Subsidiaries to, createdirectly or indirectly, incurIncur, assume or suffer to exist any LiensLien on any assets or properties of the Company or any of its Subsidiaries, other than now owned or hereafter acquired, or any income or profits therefrom, except Permitted Liens, on any of its Property, or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Notes Securities are secured on an equal and ratable basis with the obligation or liability obligations so secured until such time as such obligation or liability is obligations are no longer secured by a such Lien.

Limitations on Liens. The Company will not, and will not cause or permit any Restricted Consolidated Subsidiary to, create, incur, assume or suffer permit to exist any Liens, other than Permitted Liens, Lien on any of its Propertyproperty or asset now owned or hereafter acquired by it, or on assign or sell any shares of Capital Stock income or Indebtedness revenues (including accounts receivable) or rights in respect of any Restricted Subsidiarythereof, unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.except:

Limitations on Liens. The Company will shall not, and will shall not cause or permit any Restricted Subsidiary to, create, incur, assume or suffer to exist any Liens, other than Permitted Liens, on Lien upon any of its Propertytheir respective assets or properties now owned or acquired after the Issue Date, or on any shares of Capital Stock income or Indebtedness of any Restricted Subsidiaryprofits therefrom, unless contemporaneously therewith the Securities are directly secured equally and ratably (or prior thereto all payments due under this Indenture and to in the Notes are secured on an equal and ratable basis case of Liens with respect to Indebtedness subordinated to the obligation Securities or liability so secured until such time the Guarantees, as such obligation or liability is no longer secured by a Lien.the case may be), excluding, however, from the operation of the foregoing any of the following:

Limitations on Liens. The Company will not, and will not cause or permit any of its Restricted Subsidiary Subsidiaries to, create, incurIncur, assume or suffer to exist any Liens, other than Permitted Liens, on any of its Propertyor their assets, property, income or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, profits therefrom unless contemporaneously therewith or prior thereto all payments due hereunder and under this Indenture and the Notes Securities of any series are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.

Limitations on Liens. The Company and the Issuer will not, and will not cause or permit any Restricted Subsidiary to, create, incur, assume or suffer to exist any Liens, other than Permitted Liens, on any of its Property, or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, unless contemporaneously therewith or prior thereto all payments due under this the Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability indebtedness is no longer secured by a Lien.

Limitations on Liens. (a) The Company will shall not, and will shall not cause or permit any Restricted Subsidiary to, directly or indirectly, create, incur, incur or assume any Lien that secures obligations under any Indebtedness or suffer to exist any Liens, other than Permitted Liensrelated guarantee, on any asset of its Property, the Company or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, whether owned on the Issue Date or thereafter acquired, except Permitted Liens, unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.therewith:

Limitations on Liens. The Company will notnot create, -------------------- assume, incur, guarantee or suffer to exist, and will not cause cause, suffer or permit any Restricted Subsidiary toto create, createassume, incur, assume guarantee or suffer to exist exist, any Liens, other than Permitted Liens, Debt secured by any Lien on any of its Property, Principal Plants or on any shares of Capital Stock the stock or Indebtedness other securities of any Restricted Subsidiary, unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.other than:

Limitations on Liens. (a) The Company will not, and will not cause or permit any Restricted Subsidiary to, create, incur, assume Incur or suffer to exist any Liens, other than Permitted Liens, on any of its Property, their respective Properties without making effective provision whereby any and all Notes and Guarantees then or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer thereafter outstanding will be secured by a LienLien equally and ratably with or prior to any and all Indebtedness thereby secured for so long as any such Indebtedness shall be so secured.

Limitations on Liens. The Company will not, and will not cause or permit any Restricted Subsidiary to, createdirectly or indirectly, incur, assume Incur or suffer permit to exist any LiensLien of any nature whatsoever on any of its properties (including Capital Stock of a Subsidiary), whether owned at the Issue Date or thereafter acquired, other than Permitted Liens, on any of its Property, or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, unless contemporaneously therewith without effectively providing that the Notes shall be secured equally and ratably with (or prior thereto all payments due under this Indenture and to) the Notes are secured on an equal and ratable basis with the obligation or liability obligations so secured until such time for so long as such obligation or liability is no longer secured by a Lienobligations are so secured.

Limitations on Liens. The Company will not, not and will not cause or permit any Restricted Subsidiary toSubsidiary, createdirectly or indirectly, incur, assume to Incur or suffer to exist any LiensLien upon any of its property or assets, whether now owned or hereafter acquired, other than Permitted Liens, on any of its Property, or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, Liens unless contemporaneously therewith or prior thereto all payments due under this Indenture effective provision is made to secure the Securities equally and ratably with such Indebtedness with a Lien on the Notes are secured on an equal same properties and ratable basis with the obligation or liability assets securing such Indebtedness for so secured until such time long as such obligation or liability Indebtedness is no longer secured by a Liensuch lien.

Limitations on Liens. The Company will shall not, and will shall not cause or -------------------- permit any Restricted Subsidiary to, createdirectly or indirectly, incur, assume Incur or suffer permit to exist any LiensLien of any nature whatsoever on any of its property or assets (including Capital Stock of a Restricted Subsidiary), whether owned at the Closing Date or thereafter acquired, other than Permitted Liens, on any of its Property, or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, unless contemporaneously therewith without effectively providing that the Securities shall be secured equally and ratably with (or prior thereto all payments due under this Indenture and to) the Notes are secured on an equal and ratable basis with the obligation or liability obligations so secured until such time for so long as such obligation or liability is no longer secured by a Lienobligations are so secured.

Limitations on Liens. The Company will not, and will not cause or permit any Restricted Subsidiary to, createdirectly or indirectly, incur, assume or suffer to exist guarantee any Liens, other than Permitted Liens, Indebtedness secured by a Lien on any of its Propertythe Company’s or any of the Company’s Subsidiaries’ capital stock, properties or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiaryassets, unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Company secures the Notes are secured on an equal equally and ratable basis ratably with the obligation or liability Indebtedness secured by such Lien for so secured until such time long as such obligation or liability Indebtedness is no longer so secured. The restrictions do not apply to Indebtedness that is secured by a LienPermitted Liens.

Limitations on Liens. (a) The Company will shall not, and will shall not cause or permit any Restricted Subsidiary to, directly or indirectly, create, incur, assume or suffer permit to exist exist, any LiensLien, other than Permitted Liens, on any of its Principal Property, or on any shares of upon Capital Stock or Indebtedness Debt of any Restricted Subsidiary and owned by the Company or any Subsidiary, unless contemporaneously therewith now or prior thereto all payments due under this Indenture and hereafter acquired, to secure Debt, without effectively providing concurrently that the Notes are secured on an equal equally and ratable basis ratably with the obligation or liability such Debt, for so secured until such time long as such obligation or liability is no longer secured by a LienDebt shall be so secured.

Limitations on Liens. The Company will not, and will not cause or permit any of the Restricted Subsidiary Subsidiaries to, create, incur, assume incur or otherwise cause or suffer to exist or become effective any Liens, Liens of any kind (other than Permitted Liens, on ) to secure Indebtedness upon any of its Property, assets, income or on profits of the Company or any Restricted Subsidiary or any shares of Capital Stock stock or Indebtedness debt of any Restricted SubsidiarySubsidiary (whether or not any of the foregoing is now owned or hereafter acquired), unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.unless:

Limitations on Liens. The Company will not, and will not cause or permit any of the Restricted Subsidiary Subsidiaries to, create, incur, assume incur or otherwise cause or suffer to exist or become effective any Liens, Liens of any kind (other than Permitted Liens, on ) upon any of its Property, assets, income or on profits of the Company or any Restricted Subsidiary or any shares of Capital Stock stock or Indebtedness debt of any Restricted SubsidiarySubsidiary (whether or not any of the foregoing is now owned or hereafter acquired), unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until (i) if such time as such obligation or liability Lien secures Indebtedness which is no longer secured by a Lien.pari passu in right of payment with

Limitations on Liens. The Company will not, and will not cause or permit any Restricted Subsidiary to, directly or indirectly, create, incur, assume or permit or suffer to exist any Liens, Lien (other than Permitted Liens, on any of its Property, or on any shares of Capital Stock or Indebtedness ) of any nature whatsoever against any assets of the Company or any Restricted Subsidiary (including Equity Interests of a Restricted Subsidiary), whether owned at the Issue Date or thereafter acquired, unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability obligations so secured until such time as such obligation or liability is obligations are no longer secured by a Lien.

Limitations on Liens. The Company will shall not, and will shall not cause or permit any Restricted Subsidiary to, directly or indirectly, create, incur, assume or permit or suffer to exist any Liens, Lien of any nature whatsoever against (other than Permitted Liens) any assets of the Company or any Guarantor (including Equity Interests of a Restricted Subsidiary), on any of its Propertywhether owned at the Issue Date or thereafter acquired, or on any shares of Capital Stock proceeds therefrom, or Indebtedness of assign or otherwise convey any Restricted Subsidiaryright to receive income or profits therefrom, unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.either:

Limitations on Liens. The Company will not, and will not cause or permit any Restricted Subsidiary to, createdirectly or indirectly, incur, assume or suffer to exist guarantee any Liens, other than Permitted Liens, Indebtedness secured by a Lien on any of its Propertythe Company’s or any of the Company’s Subsidiaries’ Capital Stock, properties or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiaryassets, unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Company secures the Notes are secured on an equal equally and ratable basis ratably with the obligation or liability Indebtedness secured by such Lien for so secured until such time long as such obligation or liability Indebtedness is no longer so secured. The restrictions do not apply to Indebtedness that is secured by a LienPermitted Liens.

Limitations on Liens. The Company will not, and will not cause or permit any of its Restricted Subsidiary Subsidiaries to, create, incur, assume incur or otherwise cause or suffer to exist or become effective any Liens, Liens of any kind (other than Permitted Liens, on ) upon any property or asset of the Company or any of its Property, Restricted Subsidiaries or on any shares of Capital Stock or Indebtedness of any Restricted SubsidiarySubsidiary of the Company which owns property or assets (an "Initial Lien"), unless contemporaneously therewith now owned or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.hereafter acquired, unless:

Limitations on Liens. The Company will not, and will not cause or permit any Restricted Subsidiary to, create, create or incur, assume or suffer to exist be incurred or to exist, any LiensLien on its or their property or assets, other than Permitted Lienswhether now owned or hereafter acquired, on or upon any income or profits therefrom, or transfer any property for the purpose of subjecting the same to the payment of obligations in priority to the payment of its Propertyor their general creditors, or on acquire or agree to acquire any shares of Capital Stock property or Indebtedness of any Restricted Subsidiaryassets upon conditional sales agreements or other title retention devices, unless contemporaneously therewith or prior thereto all payments due under this Indenture and except the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.following:

Limitations on Liens. The Company will shall not, and will shall not cause or permit any Restricted Subsidiary to, createdirectly or indirectly, incur, assume Incur or suffer permit to exist any LiensLien of any nature whatsoever on any of its property or assets (including Capital Stock of a Restricted Subsidiary), whether owned at the Closing Date or thereafter acquired, other than Permitted Liens, on any of its Property, or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, unless contemporaneously therewith without effectively providing that the Securities shall be secured equally and ratably with (or prior thereto all payments due under this Indenture and to) the Notes are secured on an equal and ratable basis with the obligation or liability obligations so secured until such time for so long as such obligation or liability is no longer secured by a Lienobligations are so secured.

Limitations on Liens. The Company will notnot create, assume, -------------------- incur, guarantee or suffer to exist, and will not cause cause, suffer or permit any Restricted Subsidiary toto create, createassume, incur, assume guarantee or suffer to exist exist, any Liens, other than Permitted Liens, Debt secured by any Lien on any of its Property, Principal Plants or on any shares of Capital Stock the stock or Indebtedness other securities of any Restricted Subsidiary, unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.other than:

Limitations on Liens. The Company will not, and will not cause or permit any Restricted Subsidiary to, create, incur, assume or suffer to exist exist, or permit any LiensRestricted Subsidiary to create, other than Permitted Liensincur, on assume or suffer to exist, any Lien on, or with respect to, any of its Property, their assets or on any properties (including without limitation shares of Capital Stock capital stock or Indebtedness of any Restricted Subsidiaryother ownership interests), unless contemporaneously therewith real or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation personal, whether now owned or liability so secured until such time as such obligation or liability is no longer secured by a Lien.hereafter acquired, except:

Limitations on Liens. (a) The Company will not, and will not cause or permit any of its Restricted Subsidiary Subsidiaries to, create, incur, assume or suffer to exist any Liens, other than Permitted Liens, on any of its Propertyor their assets, property, income or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, profits therefrom unless contemporaneously therewith or prior thereto all payments due hereunder and under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.

Limitations on Liens. The Company will shall not, and will shall not cause or permit any Restricted Subsidiary of the Company to, create, incur, assume Incur or suffer to exist any Liens, other than Permitted Liens, Lien on or with respect to any of its Propertyproperty or assets now owned or hereafter acquired securing any obligation without making, or on any shares of Capital Stock or Indebtedness of any causing such Restricted SubsidiarySubsidiary to make, unless contemporaneously therewith or prior thereto all payments due under this Indenture and effective provision for securing the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.Securities:

Limitations on Liens. The Company and the Issuer will not, and will not cause or permit any Restricted Subsidiary to, create, incur, assume or suffer to exist any Liens, other than Permitted Liens, on any of its Property, or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, unless contemporaneously therewith or prior thereto all payments due under this the Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.

Limitations on Liens. The Company will shall not, and will shall not cause or permit any Restricted Subsidiary to, directly or indirectly, create, incur, assume or permit or suffer to exist any Liens, Lien (other than Permitted Liens, on ) against any of its Property, the Company’s assets or on any shares assets of Capital Stock or Indebtedness a Restricted Subsidiary (including Equity Interests of any a Restricted Subsidiary), whether owned at the Issue Date or thereafter acquired, which Lien secures Indebtedness or trade payables, unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.therewith: