Additional Negative Pledges. Customer will not, directly or indirectly, create or otherwise cause or permit to exist or become effective any contractual obligation which may restrict or inhibit IBM Credit's rights or ability to sell or otherwise dispose of the Collateral or any part thereof after the occurrence and during the continuance of an Event of Default.
Appears in 21 contracts
Samples: Financing Agreement (Datatec Systems Inc), Financing Agreement (Datatec Systems Inc), Financing Agreement (Emtec Inc/Nj)
Additional Negative Pledges. No Customer will notwill, directly or indirectly, create or otherwise cause or permit to exist or become effective any contractual obligation which may restrict or inhibit IBM Credit's ’s rights or ability to sell or otherwise dispose of the Collateral or any part thereof after the occurrence and during the continuance of an Event of Default.
Appears in 1 contract
Samples: Agreement for Inventory Financing (Pc Connection Inc)
Additional Negative Pledges. Customer will not, directly or indirectly, create or otherwise cause or permit to exist or become effective any contractual obligation which may restrict or inhibit IBM Credit's rights or ability to sell or otherwise dispose of the Collateral or any part thereof after the occurrence and during the continuance of an Event of Default, except where IBM Credit has otherwise executed an intercreditor agreement which contemplates such restrictions.
Appears in 1 contract
Samples: En Pointe Technologies Inc