Common use of Additional Encumbrances Clause in Contracts

Additional Encumbrances. Create or incur or suffer to be created or incurred any encumbrance, mortgage, pledge, or charge of any kind upon any Collateral that, in the aggregate, exceed a value of $100,000.

Appears in 2 contracts

Sources: Loan Agreement (Mti Technology Corp), Loan Agreement (Canopy Group Inc)