Common use of Further Encumber Clause in Contracts

Further Encumber. Except for Permitted Encumbrances, and liens granted under the Security Agreement, voluntarily create or suffer to exist any mortgage, pledge, lien or other encumbrance upon any of its properties or assets, real or personal, tangible or intangible, whether now owned or hereafter acquired.

Appears in 2 contracts

Sources: Credit Agreement (Itt Educational Services Inc), Credit Agreement (Itt Educational Services Inc)