Common use of Further Liens Clause in Contracts

Further Liens. It will not pledge, assign, convey, grant, bargain, sell, set over, deliver or otherwise transfer any interest in the Purchased Loans or other Collateral to any person not a party to this Agreement nor will either Seller create, incur or permit to exist any Lien in or on the Purchased Loans or other Collateral except as described in Section 6 hereof without the prior express written consent of Buyer;

Appears in 3 contracts

Sources: Master Repurchase Agreement (Bingham Financial Services Corp), Master Repurchase Agreement (Bingham Financial Services Corp), Master Repurchase Agreement (Bingham Financial Services Corp)