Common use of Additional Encumbrances Clause in Contracts

Additional Encumbrances. The Company shall not, without the prior written consent of the Representative of the Investors and the holders of a majority in principal amount of the outstanding Notes, create or suffer to exist any lien or security interest on or with respect to the Collateral, except liens or security interests (a) in favor of holders of Senior Debt or Notes of the Company, (b) securing taxes, assessments or governmental charges or levies, or (iii) that arise in the ordinary course of business and not created in connection with the borrowing of money or the obtaining of credit.