Common use of NO RESTRICTIONS ON LIABILITIES Clause in Contracts

NO RESTRICTIONS ON LIABILITIES. The Borrower shall not enter into or become subject to, directly or indirectly, any agreement prohibiting or restricting (other than with respect to Permitted Encumbrances and customary non-assignment provisions (i) as to the assets leased in any Lease governing a Leasehold Interest or (ii) in any licenses, joint venture agreements, or any other contracts), in any manner (including, without limitation, by way of covenant, representation, or event of default) the granting of Collateral Interests in favor of the Agent on any asset of the Borrower and the incurrence of any of the Liabilities.

NO RESTRICTIONS ON LIABILITIES. The Borrower Obligors shall not enter into or become subject to, directly or indirectly, to any agreement prohibiting or restricting (other than with respect to Permitted Encumbrances and customary non-assignment provisions (i) as to the assets leased in any Lease governing a Leasehold Interest or (ii) in any licenses, joint venture agreements, or any other contracts), in any manner (including, without limitation, by way of covenant, representation, or event of default) the granting of Collateral Interests in favor of the Agent Lender on any asset of the Borrower Collateral and the incurrence of any of the Liabilities.