Common use of Additional Encumbrances Clause in Contracts

Additional Encumbrances. Until the Loan has been repaid in full, Borrower shall not without the prior written consent of Lender create or incur or suffer to be created or incurred any encumbrance, mortgage, pledge, lien or charge of any kind upon any Collateral, other than Permitted Liens.

Appears in 2 contracts

Sources: Loan Agreement (Caldera International Inc/Ut), Loan Agreement (Caldera International Inc/Ut)