Common use of Limitations on Liens Clause in Contracts

Limitations on Liens. The Company will not, and will not cause or permit any Restricted Subsidiary to, create, incur, assume or suffer to exist any Liens, other than Permitted Liens, on any of its Property, or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.

Appears in 15 contracts

Sources: Senior Notes Indenture (Western Pacific Housing Del Valle LLC), Senior Notes Indenture (Horton D R Inc /De/), Supplemental Indenture (Horton D R Inc /De/)

Limitations on Liens. The Company will and the Subsidiary Guarantors shall not, and will shall not cause or permit any Restricted Subsidiary of their Subsidiaries to, createdirectly or indirectly, incurIncur, assume or suffer to exist any LiensLien on any assets or properties of the Company or any of its Subsidiaries, other than now owned or hereafter acquired, or any income or profits therefrom, except Permitted Liens, on any of its Property, or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Notes Securities are secured on an equal and ratable basis with the obligation or liability obligations so secured until such time as such obligation or liability is obligations are no longer secured by a such Lien.

Appears in 3 contracts

Sources: Indenture (HMH Properties Inc), Indenture (HMH Properties Inc), Indenture (HMH Properties Inc)

Limitations on Liens. The Company and the Issuer will not, and will not cause or permit any Restricted Subsidiary to, create, incur, assume or suffer to exist any Liens, other than Permitted Liens, on any of its Property, or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, unless contemporaneously therewith or prior thereto all payments due under this the Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability indebtedness is no longer secured by a Lien.

Appears in 2 contracts

Sources: Indenture (Hovnanian Enterprises Inc), Indenture (Hovnanian Enterprises Inc)

Limitations on Liens. The Company will not, and will not cause or permit any of its Restricted Subsidiary Subsidiaries to, create, incurIncur, assume or suffer to exist any Liens, other than Permitted Liens, on any of its Propertyor their assets, property, income or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, profits therefrom unless contemporaneously therewith or prior thereto all payments due hereunder and under this Indenture and the Notes Securities of any series are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.

Appears in 2 contracts

Sources: Senior Indenture (U S Home Corp /De/), Senior Indenture (U S Home Corp /De/)

Limitations on Liens. The Company will not, not and will not cause or permit any Restricted Subsidiary to, of its Subsidiaries to create, incur, assume or suffer to exist any LiensLien of any kind, other than Permitted Liens, on upon any of its Property, their respective assets now owned or acquired on or after the Issue Date or upon any shares of Capital Stock income or Indebtedness of any Restricted Subsidiary, unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lienprofits therefrom.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Power One Inc), Indenture (Power One Inc)

Limitations on Liens. The Company will not, and will not cause or permit any Restricted Subsidiary to, createdirectly or indirectly, incur, assume or suffer to exist guarantee any Liens, other than Permitted Liens, Indebtedness secured by a Lien on any of its Propertythe Company’s or any of the Company’s Subsidiaries’ Capital Stock, properties or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiaryassets, unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Company secures the Notes are secured on an equal equally and ratable basis ratably with the obligation or liability Indebtedness secured by such Lien for so secured until such time long as such obligation or liability Indebtedness is no longer so secured. The restrictions do not apply to Indebtedness that is secured by a LienPermitted Liens.

Appears in 1 contract

Sources: Third Supplemental Indenture (W R Grace & Co)

Limitations on Liens. The Company and the Issuer will not, and will not cause or permit any Restricted Subsidiary to, create, incur, assume or suffer to exist any Liens, other than Permitted Liens, on any of its Property, or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, unless contemporaneously therewith or prior thereto all payments due under this the Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.

Appears in 1 contract

Sources: First Supplemental Indenture (Hovnanian Enterprises Inc)

Limitations on Liens. The Company will shall not, and will shall not cause or permit any Restricted Subsidiary to, createdirectly or indirectly, incur, assume Incur or suffer permit to exist any LiensLien of any nature whatsoever on any of its property or assets (including Capital Stock of a Restricted Subsidiary), whether owned at the Closing Date or thereafter acquired, other than Permitted Liens, on any of its Property, or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, unless contemporaneously therewith without effectively providing that the Securities shall be secured equally and ratably with (or prior thereto all payments due under this Indenture and to) the Notes are secured on an equal and ratable basis with the obligation or liability obligations so secured until such time for so long as such obligation or liability is no longer secured by a Lienobligations are so secured.

Appears in 1 contract

Sources: Indenture (Wki Holding Co Inc)

Limitations on Liens. The Company will not, and will not cause or permit any of the Restricted Subsidiary Subsidiaries to, create, incur, assume incur or otherwise cause or suffer to exist or become effective any Liens, Liens of any kind (other than Permitted Liens, on ) upon any of its Property, assets, income or on profits of the Company or any Restricted Subsidiary or any shares of Capital Stock stock or Indebtedness debt of any Restricted SubsidiarySubsidiary (whether or not any of the foregoing is now owned or hereafter acquired), unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until (i) if such time as such obligation or liability Lien secures Indebtedness which is no longer secured by a Lien.pari passu in right of payment with

Appears in 1 contract

Sources: Indenture (Lamar Advertising Co)

Limitations on Liens. The Company will not, and will not cause or permit any Restricted Subsidiary to, directly or indirectly, create, incur, assume or permit or suffer to exist any Liens, Lien (other than Permitted Liens, on any of its Property, or on any shares of Capital Stock or Indebtedness ) of any nature whatsoever against any assets of the Company or any Restricted Subsidiary (including Equity Interests of a Restricted Subsidiary), whether owned at the Issue Date or thereafter acquired, unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability obligations so secured until such time as such obligation or liability is obligations are no longer secured by a Lien.

Appears in 1 contract

Sources: Indenture (Johnstone Tank Trucking Ltd.)

Limitations on Liens. (a) The Company agrees that it will not, and nor will not cause or it permit any Restricted Subsidiary to, create, incur, issue, assume or suffer to exist guarantee any Liens, other than Permitted Liens, on Secured Debt upon any of its Property, Principal Property or on any shares of Capital Stock stock or Indebtedness indebtedness for borrowed money of any Restricted Subsidiary, unless contemporaneously therewith whether owned at the date hereof or prior thereto all payments due under this Indenture and the Notes are secured on an equal and ratable basis with the obligation or liability so secured until such time as such obligation or liability is no longer secured by a Lien.hereafter acquired, without in

Appears in 1 contract

Sources: First Supplemental Indenture (Energizer Holdings Inc)

Limitations on Liens. The Company will not, and will not cause or permit any Restricted Subsidiary to, createdirectly or indirectly, incur, assume Incur or suffer permit to exist any LiensLien of any nature whatsoever on any of its properties (including Capital Stock of a Subsidiary), whether owned at the Issue Date or thereafter acquired, other than Permitted Liens, on any of its Property, or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, unless contemporaneously therewith without effectively providing that the Notes shall be secured equally and ratably with (or prior thereto all payments due under this Indenture and to) the Notes are secured on an equal and ratable basis with the obligation or liability obligations so secured until such time for so long as such obligation or liability is no longer secured by a Lienobligations are so secured.

Appears in 1 contract

Sources: Indenture (Mego Mortgage Corp)

Limitations on Liens. The Company will not, and will not cause or permit any Restricted Subsidiary to, createdirectly or indirectly, incur, assume or suffer to exist guarantee any Liens, other than Permitted Liens, Indebtedness secured by a Lien on any of its Propertythe Company’s or any of the Company’s Subsidiaries’ capital stock, properties or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiaryassets, unless contemporaneously therewith or prior thereto all payments due under this Indenture and the Company secures the Notes are secured on an equal equally and ratable basis ratably with the obligation or liability Indebtedness secured by such Lien for so secured until such time long as such obligation or liability Indebtedness is no longer so secured. The restrictions do not apply to Indebtedness that is secured by a LienPermitted Liens.

Appears in 1 contract

Sources: First Supplemental Indenture (W R Grace & Co)

Limitations on Liens. The Company will not, not and will not cause or permit any Restricted Subsidiary toSubsidiary, createdirectly or indirectly, incur, assume to Incur or suffer to exist any LiensLien upon any of its property or assets, whether now owned or hereafter acquired, other than Permitted Liens, on any of its Property, or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, Liens unless contemporaneously therewith or prior thereto all payments due under this Indenture effective provision is made to secure the Securities equally and ratably with such Indebtedness with a Lien on the Notes are secured on an equal same properties and ratable basis with the obligation or liability assets securing such Indebtedness for so secured until such time long as such obligation or liability Indebtedness is no longer secured by a Liensuch lien.

Appears in 1 contract

Sources: Indenture (Price Communications Corp)

Limitations on Liens. The Company will not, and will not cause or permit any of its Restricted Subsidiary toSubsidiaries, directly or indirectly, to enter into, create, incur, assume or suffer to exist any LiensLiens of any kind, other than Permitted Liens, on or with respect to any of its PropertyProperty or assets now owned or hereafter acquired or any interest therein or any income or profits therefrom, or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, unless contemporaneously therewith or prior thereto without securing the Notes and all payments other amounts due under this Indenture (for so long as such Lien exists) equally and the Notes are secured on an equal and ratable basis ratably with (or prior to) the obligation or liability so secured until such time as such obligation or liability is no longer secured by a such Lien.

Appears in 1 contract

Sources: Indenture (Petro Stopping Centers L P)

Limitations on Liens. The Company will shall not, and will shall not cause or -------------------- permit any Restricted Subsidiary to, createdirectly or indirectly, incur, assume Incur or suffer permit to exist any LiensLien of any nature whatsoever on any of its property or assets (including Capital Stock of a Restricted Subsidiary), whether owned at the Closing Date or thereafter acquired, other than Permitted Liens, on any of its Property, or on any shares of Capital Stock or Indebtedness of any Restricted Subsidiary, unless contemporaneously therewith without effectively providing that the Securities shall be secured equally and ratably with (or prior thereto all payments due under this Indenture and to) the Notes are secured on an equal and ratable basis with the obligation or liability obligations so secured until such time for so long as such obligation or liability is no longer secured by a Lienobligations are so secured.

Appears in 1 contract

Sources: Indenture (Wki Holding Co Inc)