Common use of Additional Negative Pledge Clause in Contracts

Additional Negative Pledge. Enter into an agreement with or covenant or promise to any Person other than Lenders that in any manner restricts its ability to pledge its assets or properties or otherwise grant liens, security interests or encumbrances on its property.

Appears in 2 contracts

Samples: Credit Agreement (Centennial Healthcare Corp), Credit Agreement (Centennial Healthcare Corp)

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Additional Negative Pledge. Enter into an agreement Agree or covenant with or covenant promise any person or promise to any Person entity other than the Lenders that in any manner restricts its ability to it will not pledge its assets or properties or otherwise grant any liens, security interests or encumbrances on its property.

Appears in 1 contract

Samples: Credit Agreement (Merkert American Corp)

Additional Negative Pledge. Enter into an any agreement with or covenant or promise to any Person person, -------------------------- other than Lenders the Lender pursuant to this Agreement, that in any manner materially restricts its or limits the Borrowers' authority or ability to pledge its assets or properties or otherwise grant liens, security interests or encumbrances any Liens on its assets or property.

Appears in 1 contract

Samples: Credit Agreement (Partminer Inc)

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Additional Negative Pledge. Enter into an agreement with or covenant any agreement, covenant, or promise to with any Person other than Lenders that person or entity restricting in any manner restricts its ability to pledge its assets or properties or otherwise grant any liens, security interests or encumbrances on its property.

Appears in 1 contract

Samples: Credit and Security Agreement (Money Centers of America, Inc.)

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