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Common use of No Security Interests Clause in Contracts

No Security Interests. The Guarantor shall not create, issue, incur, assume or permit to exist any Security Interests on any of its property or assets other than in favour of the Agent.

Appears in 7 contracts

Sources: Credit Agreement (Baytex Energy Corp.), Credit Agreement (Baytex Energy Corp.), Credit Agreement (Baytex Energy Corp.)

Related Clauses

  • No Security Interest
  • No Security Interest Created
  • The Security Interests
  • Liens and Security Interests
  • Perfected Security Interests

Parent Clauses

  • COVENANTS
  • Representations and Warranties
  • Representations Warranties and Covenants of Lessee
  • Conditions
  • Conditions Precedent to Advance

Sub-Clauses

  • Payments During Existence of an Event of Default
  • Certificates
  • Public Liability and Property Damage Insurance
  • Damage or Requisition
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