Common use of Agreements Restricting Liens Clause in Contracts

Agreements Restricting Liens. (a) No Loan Party shall create, incur, assume or permit to exist any contract, agreement or understanding which in any way prohibits or restricts the granting, conveying, creation or imposition of any Lien on any of its Property, whether now owned or hereafter acquired, to secure the Secured Obligations or restricts any Subsidiary from paying Restricted Payments to the Borrower, or which requires the consent of or notice to other Persons in connection therewith, other than (i) this Agreement, (ii) the Loan Documents, (iii) agreements governing Debt permitted by Section 6.1(d) to the extent such restrictions govern only the asset financed pursuant to such Debt, and (iv) any prohibition or limitation that exists pursuant to applicable requirements of a Governmental Authority.

Agreements Restricting Liens. (a) No Loan Party shall, nor shall it permit any of its Subsidiaries to, create, incur, assume or permit to exist any contract, agreement or understanding which in any way prohibits or restricts the granting, conveying, creation or imposition of any Lien on any of its Property, whether now owned or hereafter acquired, to secure the Secured Obligations or restricts any Subsidiary from paying Restricted Payments to the Borrower, or which requires the consent of or notice to other Persons in connection therewith, other than (i) this Agreement, (ii) the Loan Documents, (iii) agreements governing Debt permitted by Section Sections 6.1(d) to the extent such restrictions govern only the asset financed pursuant to such Debt, and (iv) any prohibition or limitation that exists pursuant to applicable requirements of a Governmental AuthorityAuthority and (v) the Second Lien Loan Documents.

Agreements Restricting Liens. (a) No Subject to any necessary order or authorization of the Bankruptcy Court, no Loan Party shall create, incur, assume or permit to exist any contract, agreement or understanding which in any way prohibits or restricts the granting, conveying, creation or imposition of any Lien on any of its Property, whether now owned or hereafter acquired, to secure the Secured DIP Obligations or restricts any Subsidiary from paying Restricted Payments to the Borrower, or which requires the consent of or notice to other Persons in connection therewith, other than (i) this Agreement, (ii) the Loan Documents, (iii) agreements governing Debt permitted by Section 6.1(d) to the extent such restrictions govern only the asset financed pursuant to such Debt, and (iv) any prohibition or limitation that exists pursuant to applicable requirements of a Governmental AuthorityAuthority and (v) the Prepetition Credit Agreement.