Common use of Liens on Properties Clause in Contracts

Liens on Properties. There are no Liens of any nature whatsoever on any Real Property, property or asset of the Borrower or any of its Subsidiaries, except for Liens in favor of the Bank or Permitted Liens. The Borrower is not a party to any contract, agreement, lease or instrument (other than this Agreement and the other Loan Documents) the performance of which, either unconditionally or upon the happening of an event, will result in or require the creation of any Lien on the property or assets of the Borrower or any of its Subsidiaries or otherwise result in a violation of any Loan Document, except for Permitted Liens.