Common use of Further Encumber Clause in Contracts

Further Encumber. Except for Permitted Encumbrances, 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 1 contract

Sources: Loan Agreement (Arts Way Manufacturing Co Inc)

Further Encumber. Except for Permitted Encumbrances, 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 1 contract

Sources: Credit Agreement (Chromcraft Revington Inc)