Common use of Additional Negative Pledge Clause in Contracts

Additional Negative Pledge. Agree or covenant with or promise any person or entity other than you and the Banks that it will not pledge its assets or properties or otherwise grant any liens, security interests or encumbrances on its property on terms similar to those set forth in Paragraph 6.4 hereof.

Appears in 2 contracts

Samples: Note Purchase Agreement (Sunsource Inc), Note Purchase Agreement (Sunsource Inc)

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Additional Negative Pledge. Agree or covenant with or promise any person or entity other than you Banks and the Banks holders of the Senior Notes that it will not pledge its assets or properties or otherwise grant any liens, security interests or encumbrances on its property on terms similar to those set forth in Paragraph 6.4 7.4 hereof.

Appears in 2 contracts

Samples: Credit Agreement (Sunsource Inc), Credit Agreement (Sunsource Inc)

Additional Negative Pledge. Agree or covenant with or promise any person or entity other than you and the Banks that it will not pledge its assets or properties or otherwise grant any liens, security interests or encumbrances on its property on terms similar to those set forth in Paragraph 6.4 hereofproperty.

Appears in 1 contract

Samples: Credit Agreement (Nichols Research Corp /Al/)

Additional Negative Pledge. Agree or covenant with or promise -------------------------- any person or entity other than you and the Banks Bank that it will not pledge its assets or properties or otherwise grant any liens, security interests or encumbrances on its property on terms similar other than in favor of persons benefitting from a Lien permitted by Section 6.4(i) and which negative pledge is limited to those set forth in Paragraph 6.4 hereofthe assets subject to such Lien.

Appears in 1 contract

Samples: Credit Agreement (Zany Brainy Inc)

Additional Negative Pledge. Agree or covenant with or promise -------------------------- any person or entity other than you and the Banks that it will not pledge its assets or properties or otherwise grant any liens, security interests or encumbrances on its property property; provided, that a Company may agree that it will not pledge or otherwise grant a security interest or encumbrance on terms similar its interest in any joint venture Subsidiary permitted pursuant to those set forth in Paragraph 6.4 6.8(iii) hereof or on any assets acquired with purchase money indebtedness permitted pursuant to Paragraph 6.1(iii) hereof.

Appears in 1 contract

Samples: Credit Agreement (Home Health Corp of America Inc \Pa\)

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Additional Negative Pledge. Agree or covenant with or promise any person or entity other than you and the Banks Bank that it will not pledge its assets or properties or otherwise grant any liens, security interests or encumbrances on its property on terms similar to those set forth in Paragraph 6.4 hereofproperty.

Appears in 1 contract

Samples: Credit Agreement (David Bridal Inc)

Additional Negative Pledge. Agree or covenant with or promise any person or entity other than you and the Banks Bank that it will not pledge its assets or properties or otherwise grant any liens, security interests or encumbrances on its property except (i) in connection with the proposed mortgage on terms similar the distribution facility and (ii) agreements not to those set forth in Paragraph 6.4 hereofpledge Leases.

Appears in 1 contract

Samples: Credit Agreement (Delias Inc)

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