Acquisition of Liens or Guaranties. Except as otherwise expressly permitted under the Credit Agreement, no Obligor shall, without the prior consent of Agent, acquire any right or interest in or to any Collateral not owned by such Obligor or accept any guaranties for the Subordinated Debt.
Appears in 4 contracts
Samples: Intercompany Subordination Agreement, Intercompany Subordination Agreement (Velocity Express Corp), Intercompany Subordination Agreement (Velocity Express Corp)
Acquisition of Liens or Guaranties. Except as otherwise expressly permitted under the Credit Agreement, no No Obligor shall, without the prior consent of Agent, acquire any right or interest in or to any Collateral not owned by such Obligor or accept any guaranties for the Subordinated Debt.
Appears in 2 contracts
Samples: Intercompany Subordination Agreement (155 East Tropicana, LLC), Intercompany Subordination Agreement (Oasis Interval Ownership, LLC)
Acquisition of Liens or Guaranties. Except as otherwise expressly permitted under the Credit Agreement, no No Obligor shall, without the prior consent of the Collateral Agent, acquire any right or interest in or to any Collateral not owned by such Obligor or accept any guaranties for the Subordinated Debt, except in accordance with, and to the extent permitted under, the terms of the Credit Agreement and subject to the terms of this Agreement, and so long as no Event of Default shall have occurred and be continuing.
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Acquisition of Liens or Guaranties. Except as otherwise expressly permitted under the Credit Second Amended and Restated Loan and Security Agreement, no Obligor shall, without the prior consent of Agent, acquire any right or interest in or to any Collateral not owned by such Obligor or accept any guaranties for the Subordinated Debt.
Appears in 1 contract
Samples: Intercompany Subordination Agreement (SMART Modular Technologies (WWH), Inc.)
Acquisition of Liens or Guaranties. Except as otherwise expressly permitted under the Credit Loan Agreement, no each Obligor shallshall not, without the prior consent of Agent, acquire any right or interest in or to any Collateral not owned by such Obligor or accept any guaranties for the Subordinated Debt.
Appears in 1 contract
Samples: Intercompany Subordination Agreement (Iron Age Holdings Corp)
Acquisition of Liens or Guaranties. Except as otherwise expressly permitted under the Credit Financing Agreement, no each Obligor shallshall not, without the prior consent of AgentCollateral Agent (such consent not to be withheld unreasonably), acquire any right or interest in or to any Collateral not owned by such Obligor or accept any guaranties for the Subordinated Debt.
Appears in 1 contract
Samples: Intercompany Subordination Agreement (Elgar Holdings Inc)
Acquisition of Liens or Guaranties. Except as otherwise expressly permitted under the Credit AgreementLoan Agreements, no Obligor shall, without the prior consent of AgentLender, acquire any right or interest in or to any Collateral not owned by such Obligor or accept any guaranties for the Subordinated Debt.
Appears in 1 contract
Samples: Intercompany Subordination Agreement (Midway Games Inc)
Acquisition of Liens or Guaranties. Except as otherwise expressly permitted under the Credit Agreement, no No Obligor shall, without the prior consent of AgentAgent and except as permitted under the Credit Agreement, acquire any right or interest in or to any Collateral not owned by such Obligor or accept any guaranties from any other Obligor or from any other Subsidiary of any Loan Party for the Subordinated Debt.
Appears in 1 contract
Samples: Intercompany Subordination Agreement (Jack Cooper Logistics, LLC)
Acquisition of Liens or Guaranties. Except as otherwise expressly permitted under the Credit Financing Agreement, no each Obligor shallshall not, without the prior consent of Collateral Agent, acquire any right or interest in or to any Collateral not owned by such assets of any other Obligor or accept any guaranties from any other Obligor or from any other Subsidiary of Borrower for the Subordinated Debt.
Appears in 1 contract
Acquisition of Liens or Guaranties. Except as otherwise expressly to the extent permitted under the Credit Financing Agreement, no Obligor shall, without the prior consent of the Collateral Agent, acquire any right or interest in or to any Collateral not owned by such Obligor or accept any guaranties for the Subordinated Debt.
Appears in 1 contract
Samples: Subordination Agreement (Global Geophysical Services Inc)
Acquisition of Liens or Guaranties. Except as otherwise expressly permitted under the Credit Loan Agreement, no Obligor shall, without the prior consent of Agent, acquire any right or interest in or to any Collateral not owned by such Obligor or accept any guaranties for the Subordinated Debt.
Appears in 1 contract
Samples: Intercompany Subordination Agreement (SMART Modular Technologies (DE), Inc.)