Agreements Restricting Liens and Distributions. The Borrower shall not, nor shall it permit any of its Subsidiaries to, enter into any agreement (other than a Credit Document) which (a) except with respect to specific Property encumbered to secure payment of Debt related to such Property, imposes restrictions upon the creation or assumption of any Lien upon its Properties, revenues or assets, whether now owned or hereafter acquired or (b) limits Restricted Payments to or any advance by any of the Borrower’s Subsidiaries to the Borrower.
Appears in 1 contract
Samples: Credit Agreement (Stone Energy Corp)
Agreements Restricting Liens and Distributions. The Borrower shall will not, nor shall will it permit any of its Subsidiaries to, enter into any agreement (other than a Credit Document) which (a) except with respect to specific Property property encumbered to secure payment of Debt related to such Propertyproperty, imposes restrictions greater than those under this Agreement upon the creation or assumption of any Lien upon its Propertiesproperties, revenues or assets, whether now owned or hereafter acquired or (b) limits Restricted Payments to or any advance by any of the Borrower’s 's Subsidiaries to the Borrower.
Appears in 1 contract
Agreements Restricting Liens and Distributions. The Borrower shall Borrowers will not, nor shall it will they permit any of its their Subsidiaries to, enter into any agreement (other than a Credit Loan Document) which (a) except with respect to specific Property property encumbered to secure payment of Debt related to such Propertyproperty, imposes restrictions upon the creation or assumption of any Lien upon its Propertiesproperties, revenues or assets, whether now owned or hereafter acquired or (b) limits Restricted Payments to or any advance by any of the Borrower’s Borrowers' Subsidiaries to the such Borrower.
Appears in 1 contract
Samples: Credit Agreement (Denali Inc)
Agreements Restricting Liens and Distributions. The Borrower shall will not, nor shall will it permit any of its Subsidiaries to, enter into or be party to any agreement (other than a Credit Document) which (a) except with respect to specific Property property encumbered to secure payment of Debt related to such Propertyproperty, imposes restrictions greater than those under this Agreement upon the creation or assumption of any Lien upon its Propertiesproperties, revenues or assets, whether now owned or hereafter acquired or (b) limits Restricted Payments to or any advance by any of the Borrower’s 's Subsidiaries to the Borrower.
Appears in 1 contract
Agreements Restricting Liens and Distributions. The Borrower shall will not, nor shall will it permit any of its Subsidiaries to, enter into any agreement (other than a Credit Document) which (a) except with respect to specific Property encumbered to secure payment of Debt related to such Property, imposes restrictions upon the creation or assumption of any Lien upon its Properties, revenues or assets, whether now owned or hereafter acquired or (b) limits Restricted Payments to or any advance by any of the Borrower’s 's Subsidiaries to the Borrower.
Appears in 1 contract
Agreements Restricting Liens and Distributions. The Borrower shall not, nor shall it permit any of its Subsidiaries to, enter into any agreement (other than a Credit Document) which (a) except with respect to specific Property encumbered to secure payment of Debt related to such Property, imposes restrictions upon the creation or assumption of any Lien upon its Properties, revenues or assets, whether now owned or hereafter acquired or (b) limits Restricted Payments to or any advance by any of the Borrower’s Subsidiaries to the Borrower.secure
Appears in 1 contract
Samples: Credit Agreement (Stone Energy Corp)
Agreements Restricting Liens and Distributions. The Borrower shall will not, nor shall will it permit any of its Subsidiaries to, enter into any agreement (other than a Credit Document) which (a) except with respect to specific Property property encumbered to secure payment of Debt related to such Propertyproperty, imposes restrictions upon the creation or assumption of any Lien upon its Propertiesproperties, revenues or assets, whether now owned or hereafter acquired or (b) limits Restricted Payments to or any advance by any of the Borrower’s 's Subsidiaries to the Borrower.
Appears in 1 contract
Samples: Credit Agreement (Hydrochem Industrial Services Inc)