The Borrower shall not, nor shall it permit any of its Subsidiaries to, create, incur, assume or permit to exist any Lien upon or with respect to (i) any Equity Interests in, or Permitted Subordinated Debt owed by, OpCo, except (A) Liens securing the Loan Obligations, (B) Liens securing other Secured Obligations on a pari passu basis with the Loan Obligations in accordance with the Pari Passu Intercreditor Agreement and (C) non‑consensual Permitted Liens that do not secure any Indebtedness or (ii) any of its other property, assets or revenues, except for Permitted Liens.