Common use of Foreign Assets Clause in Contracts

Foreign Assets. Borrower covenants that (i) the total amount maintained by Borrower in foreign bank accounts shall not, at any time, exceed $500,000, and (ii) the total assets of Borrower located outside the United States (including without limitation deposits in foreign bank accounts) combined shall not, at any time, exceed $1,000,000 in the aggregate. Borrower shall not permit any of the assets of any of the Foreign Subs to be subject to any security interest, lien or encumbrance (other than Permitted Liens), and Borrower shall not agree with any other Person to restrict its ability to cause a Foreign Sub to grant any security interest in, or lien or encumbrance on, its assets.

Foreign Assets. Borrower covenants that (i) the total amount maintained by Borrower in foreign bank accounts owned by Borrower shall not, at any time, exceed $500,000, and (ii) the total assets of Borrower located outside the United States (including without limitation deposits in foreign bank accounts) combined shall not, at any time, exceed $1,000,000 in the aggregate250,000. Borrower shall not permit any of the assets of any of the Foreign Subs to be subject to any security interest, lien or encumbrance encumbrance, except for Liens that would be Permitted Liens if the Foreign Sub was a Borrower hereunder (other than Permitted LiensLiens securing Indebtedness for borrowed money), and Borrower shall not agree with any other Person to restrict its ability to cause a Foreign Sub to grant any security interest in, or lien or encumbrance on, its assets.

Foreign Assets. Borrower covenants that (i) the total amount maintained by Borrower in foreign bank accounts owned by Borrower shall not, at any time, exceed $500,000, and (ii) the total assets of Borrower located outside the United States (including without limitation deposits in foreign bank accounts) combined shall not, at any time, exceed $1,000,000 in the aggregate. Borrower shall not permit any of the assets of any of the Foreign Subs to be subject to any security interest, lien or encumbrance encumbrance, except for Liens that would be Permitted Liens if the Foreign Sub was a Borrower hereunder (other than Permitted LiensLiens securing Indebtedness for borrowed money), and Borrower shall not agree with any other Person to restrict its ability to cause a Foreign Sub to grant any security interest in, or lien or encumbrance on, its assets.

Foreign Assets. Borrower covenants that (i) the total amount maintained by Borrower in foreign bank accounts shall not, at any time, exceed $500,000, and (ii) the total assets of Borrower located outside the United States (including without limitation deposits in foreign bank accounts) combined shall not, at any time, exceed $1,000,000 3,500,000 in the aggregate, and (ii) the total amount maintained by Borrower in foreign bank accounts shall not, at any time, exceed a Euro balance of €1,225,000 plus a $1,659,000 balance in all other combined currencies. Borrower shall not permit any of the assets of any of the Foreign Subs to be subject to any security interest, lien or encumbrance (other than Permitted Liens)encumbrance, and Borrower shall not agree with any other Person to restrict its ability to cause a Foreign Sub to grant any security interest in, or lien or encumbrance on, its assets.