Incurrence of Liens. So long as any Debentures are outstanding, the Company shall not, directly or indirectly, allow or suffer to exist any Lien, other than Permitted Liens (as defined in the Debentures), upon any property or assets (including accounts and contract rights) owned by the Company or any Subsidiary.
Appears in 2 contracts
Sources: Securities Exchange Agreement (Maverick Oil & Gas, Inc.), Securities Purchase Agreement (Maverick Oil & Gas, Inc.)
Incurrence of Liens. So long as any Debentures are outstanding, the Company shall not, directly or indirectly, allow or suffer to exist any Lien, other than Permitted Liens (as defined in the Debentures), upon any property or assets (including accounts and contract rights) owned by the Company or any SubsidiaryCompany.
Appears in 2 contracts
Sources: Securities Purchase Agreement (Maverick Oil & Gas, Inc.), Securities Purchase Agreement (Maverick Oil & Gas, Inc.)
Incurrence of Liens. So long as any Debentures are outstanding, none of the Company Companies shall not, directly or indirectly, allow or suffer to exist any Lien, other than Permitted Liens (as defined in the Debentures), upon any property or assets (including accounts and contract rights) owned by the Company or any SubsidiaryCompanies.
Appears in 1 contract
Sources: Securities Purchase Agreement (Global Aircraft Solutions, Inc.)