Common use of Agreements Restricting Liens and Distributions Clause in Contracts

Agreements Restricting Liens and Distributions. Create or otherwise cause or suffer to exist any prohibition, encumbrance or restriction which prohibits or otherwise restricts the ability (a) of any Subsidiary to make Restricted Payments to any Loan Party or to otherwise transfer property to any Loan Party, (b) of any Material Subsidiary to Guarantee the Debt of any Loan Party, or (c) of the Borrower or any Subsidiary to create, incur, assume or suffer to exist Liens on property of such Person, other than pursuant to agreements related to Liens permitted under Section 6.01(d).

Appears in 2 contracts

Samples: Credit Agreement (Diamondback Energy Services, Inc.), Credit Agreement (Diamondback Energy Services, Inc.)

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Agreements Restricting Liens and Distributions. Create or otherwise cause or suffer to exist any prohibition, encumbrance or restriction which prohibits or otherwise restricts the ability (a) of any Subsidiary of any Loan Party to make Restricted Payments dividends or distributions on Equity Interests of any to any Loan Party or to otherwise transfer property to any such Loan Party, (b) of any Material Subsidiary Loan Party to Guarantee guarantee the Debt Obligations of any Loan Party, the Borrower or (c) of the Borrower or any Subsidiary Loan Party to create, incur, assume or suffer to exist Liens on property of such Person, other than pursuant to agreements related to Liens permitted under Section 6.01(d).than:

Appears in 1 contract

Samples: Term Loan Credit and Guaranty Agreement (New Enterprise Stone & Lime Co., Inc.)

Agreements Restricting Liens and Distributions. Create or otherwise cause or suffer to exist any prohibition, encumbrance or restriction which prohibits or otherwise restricts the ability (a) of any Subsidiary of any Borrower Party to make Restricted Payments to any Loan Borrower Party or to otherwise transfer property to any Loan such Borrower Party, (b) of any Material Subsidiary Borrower Party to Guarantee the Debt Obligations of any Loan Party, the Borrowers or (c) of the any Borrower or any Subsidiary Party to create, incur, assume or suffer to exist Liens on property of such Person, other than pursuant to agreements related to Liens permitted under Section 6.01(d).

Appears in 1 contract

Samples: Credit Agreement (Horsehead Holding Corp)

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Agreements Restricting Liens and Distributions. Create or otherwise cause or suffer to exist any prohibition, encumbrance or restriction which prohibits or otherwise restricts the ability (a) of any Subsidiary of any Borrower Party to make Restricted Payments to any Loan Borrower Party or to otherwise transfer property to any Loan such Borrower Party, (b) of any Material Subsidiary Borrower Party to Guarantee the Debt Obligations of any Loan Party, the Borrowers or (c) of the any Borrower or any Subsidiary Party to create, incur, assume or suffer to exist Liens on property of such Person, other than pursuant to agreements related to Liens permitted under Section 6.01(d).than:

Appears in 1 contract

Samples: Security and Guaranty Agreement (Horsehead Holding Corp)

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