Common use of Mortgages and Pledges Clause in Contracts

Mortgages and Pledges. Create, incur, assume or suffer to exist any Lien on any of its property or assets, whether now owned or hereafter acquired, except for Permitted Liens.

Appears in 2 contracts

Sources: Financing and Security Agreement (Forensic Technologies International Corp), Financing and Security Agreement (National Techteam Inc /De/)