Common use of Permitted assignment and charges Clause in Contracts

Permitted assignment and charges. The restraints set forth in Clause 24.1 shall not apply to: a. liens arising by operation of law (or by an agreement evidencing the same) in the ordinary course of business of the Operator; b. mortgages/pledges/hypothecation of goods/assets procured by the Operator from its own financial resources, and their related documents of title, arising or created in the ordinary course of business of the Operator, and as security only for indebtedness to the Lenders for working capital arrangements for the Operator; and c. liens or encumbrances required by any Applicable Law

Permitted assignment and charges. The restraints set forth in Clause 24.1 shall not apply to: a. liens arising by operation of law (or by an agreement evidencing the same) in the ordinary course of business of the Operator; b. mortgages/pledges/hypothecation of goods/goods/ assets procured by the Operator from its own financial resources, and their related documents of title, arising or created in the ordinary course of business of the Operator, and as security only for indebtedness to the Lenders for working capital arrangements for the Operator; and c. liens or encumbrances required by any Applicable Law

Permitted assignment and charges. The restraints set forth in Clause 24.1 Clause24.1 shall not apply to: a. liens arising by operation of law (or by an agreement evidencing the same) in the ordinary course of business of the Operator; b. mortgages/pledges/hypothecation of goods/assets procured by the Operator from its own financial resources, and their related documents of title, arising or created in the ordinary course of business of the Operator, and as security only for indebtedness to the Lenders for working capital arrangements for the Operator; and c. liens or encumbrances required by any Applicable Law