Common use of No Other Security Interest Clause in Contracts

No Other Security Interest. Unless the Majority Purchasers shall otherwise consent in writing, until the Obligations have been paid in full in cash, the Pledgor hereby covenants that it shall not incur, create or permit to exist any mortgage, assignment, pledge, hypothecation, security interest, lien, or other encumbrance (collectively, “Liens”) on any of the Collateral now owned and pledged in accordance with this Agreement or hereafter acquired, except for those Liens in favor of the Lenders created by this Agreement and Permitted Liens.

No Other Security Interest. Unless the Majority Purchasers Lender shall otherwise consent in writing, until the Obligations have been indefeasbily paid in full in cashfull, the Pledgor hereby covenants that it shall not incur, create or permit to exist any mortgage, assignment, pledge, hypothecation, security interest, lien, or other encumbrance (collectively, “"Liens”") on any of the Collateral now owned and pledged in accordance with this Agreement or hereafter acquired, except for those Liens in favor of the Lenders Lender created by this Agreement and Permitted LiensAgreement.