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Security Interests. The Borrower will not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien on any portion of the Collateral, whether now existing or hereafter transferred hereunder, or any interest therein, and the Borrower will not sell, pledge, assign or suffer to exist any Lien on its interest, if any, hereunder. The Borrower will promptly notify the Administrative Agent and each Lender of the existence of any Lien on any portion of the Collateral and the Borrower shall defend the right, title and interest of the Administrative Agent in, to and under such Collateral, against all claims of third parties; provided, however, that nothing in this subsection shall prevent or be deemed to prohibit the Borrower from suffering to exist Permitted Liens upon any portion of the Collateral.

Security Interests. The Borrower willexcept for the security interest granted hereunder and as otherwise permitted hereunder, shall not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien on any portion of the Collateral, whether now existing or hereafter transferred hereunder,Collateral or any interest therein,therein (other than Permitted Liens), and the Borrower will not sell, pledge, assign or suffer to exist any Lien on its interest, if any, hereunder. The Borrower will promptly notify the Administrative Agent and each Lender of the existence of any Lien on any portion of the Collateral and the Borrowerit shall defend the right, titletitle, and interest of the AdministrativeCollateral Agent in,(for the benefit of the Secured Parties) and the Lenders in and to and under such Collateral,the Collateral against all claims of third parties; provided, however, that nothing in this subsection shall preventparties claiming through or be deemed to prohibit the Borrower from suffering to existunder it (other than Permitted Liens upon any portion of the Collateral.Liens);

Security Interests.No Liens. The Borrower willServicer shall not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien (other than the Lien created by this Agreement) on any portion of the Collateral, whether now existing or hereafter transferred hereunder,Collateral or any interest therein, and the BorrowerServicer will not sell, pledge, assign or suffer to exist any Lien on its interest, if any, hereunder. The Borrower will promptly notify the Administrative Agent and each Lender of the existence of any Lien on any portion of the Collateral immediately upon discovery thereof (but in no event later than three (3) Business Days after discovery thereof), and the BorrowerServicer shall defend the right, title and interest of the Administrative Agent on behalf of the Secured Parties in, to and under such Collateral,the Collateral against all claims of third parties; provided, however, that nothing in this subsection shall preventparties claiming through or be deemed to prohibitunder the Borrower from suffering to exist Permitted Liens upon any portion of the Collateral.Servicer.

Security Interests. The Borrower will not sell, pledge, assign or transferOther than the security interest granted to any other Person, or grant, create, incur, assume or suffer to exist any Lien on any portion of the Collateral, whether now existing or hereafter transferred hereunder, or any interest therein, and the Borrower will not sell, pledge, assign or suffer to exist any Lien on its interest, if any, hereunder. The Borrower will promptly notify the Administrative Agent and each Lenderpursuant to this Agreement, the Borrower has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the existenceCollateral. The Borrower has not authorized the filing of and is not aware of any Lien on any portionfinancing statements against the Borrower that include a description of collateral covering the Collateral andother than any financing statement relating to the Borrower shall defendsecurity interest granted to the right, title andAdministrative Agent hereunder, that has been terminated or amended in connection with the security interest of the Administrative Agent in, to and under such Collateral,Agent. The Borrower is not aware of any judgment or tax lien filings against all claims of third parties; provided, however, that nothing in this subsection shall prevent or be deemed to prohibit the Borrower from suffering to exist Permitted Liens upon any portion of the Collateral.Borrower.

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