Common use of Security Interests and Liens Clause in Contracts

Security Interests and Liens. Subject to Borrower's right to contest in good faith or cure within thirty (30) days of the filing of any Lien, Borrower shall not suffer to exist any valid Lien against the Properties or consent to the filing of any financing statements on any of the Collateral, other than the Liens created by the Security Documents and other Permitted Encumbrances.

Appears in 1 contract

Sources: Credit Agreement (Atp Oil & Gas Corp)

Security Interests and Liens. Subject to the Borrower's right to contest in good faith or cure within thirty (30) days of the filing of any Lien, and except as provided in the Debt Restructure Agreement, the Borrower shall not suffer to exist any valid Lien against the Properties or consent to the filing of any financing statements on any of the Collateral, other than the Liens created by the Security Documents and other Permitted Encumbrances.;

Appears in 1 contract

Sources: Credit Agreement (Benz Energy LTD /Can/)

Security Interests and Liens. Subject to Borrower's right to contest in good faith or cure within thirty (30) 30 days of the filing of any Lien, Borrower shall not suffer to exist any valid Lien against the Properties Lien, encumbrance, mortgage or security interest or consent to the filing of any financing statements on any of the Collateral, its Property other than the Liens created by the Security Loan Documents granted herein, Permitted Encumbrances and, during the period beginning on the date of this Agreement and other Permitted Encumbrancesending on the Merger Termination Date, Liens which, individually or collectively, could not be reasonably expected to have a Material Adverse Effect.

Appears in 1 contract

Sources: Credit Agreement (Black Hills Corp /Sd/)

Security Interests and Liens. Subject to Borrower's right to contest in good faith or cure within thirty (30) 30 days of the filing of any Lienlien, Borrower shall not suffer to exist any valid Lien against the Properties lien, encumbrance, mortgage or security interest or consent to the filing of any financing statements on any of the Collateral, its Property other than the Liens created by the Security Loan Documents granted herein and other Permitted Encumbrances.

Appears in 1 contract

Sources: Credit Agreement (Mallon Resources Corp)