Liens on Properties. Except for Permitted Liens and except for Liens that will be terminated prior to the Transfer Date, there are no Liens of any nature whatsoever on any Receivable or Seller Related Security or Collections. The Seller is not a party to any contract, agreement, lease or instrument (other than this Agreement or as contemplated by this Agreement) the performance of which, either unconditionally or upon the happening of an event, will result in or require the creation of any Lien on any Receivable or Seller Related Security or Collections, or otherwise result in a violation of any Transaction Document.
Appears in 2 contracts
Sources: Receivables Purchase Agreement (Zenith Electronics Corp), Receivables Purchase Agreement (Zenith Electronics Corp)