Common use of Double Negative Pledge Clause in Contracts

Double Negative Pledge. No Borrower nor any Subsidiary of a Borrower shall enter into or suffer to exist any agreement with any Person, other than in connection with this Agreement, which prohibits or limits the ability of the Borrowers or any Subsidiary to create, incur, assume or suffer to exist any Lien upon or with respect to any property or assets of any kind (real or personal, tangible or intangible) of the Borrowers or any Subsidiary, whether now owned or hereafter acquired or created.

Appears in 4 contracts

Samples: Loan Agreement (Baker Michael Corp), Loan Agreement (Baker Michael Corp), Loan Agreement (Baker Michael Corp)

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Double Negative Pledge. No Borrower nor or any Subsidiary of a Borrower shall enter into or suffer to exist any agreement with any Person, other than in connection with this Agreement, which prohibits or limits the ability of the Borrowers a Borrower or any a Subsidiary of a Borrower to create, incur, assume or suffer to exist any Lien upon or with respect to any property or assets of any kind (kind, real or personal, tangible or intangibleintangible (including, but not limited to, the capital stock or other equity interest, as the case may be) of the Borrowers such Borrower or any Subsidiary, whether now owned or hereafter acquired or createdSubsidiary of a Borrower.

Appears in 3 contracts

Samples: Loan Agreement (Mastech Holdings, Inc.), Loan Agreement (Mastech Holdings, Inc.), Loan Agreement (Mastech Holdings, Inc.)

Double Negative Pledge. No Borrower nor any Subsidiary of a Borrower shall enter into or suffer to exist any agreement with any Person, other than in connection with this Agreement, which prohibits or limits the ability of the Borrowers or any Subsidiary Borrower to create, incur, assume or suffer to exist any Lien upon or with respect to any of its property or assets of any kind (real or personal, tangible or intangible) of the Borrowers or any Subsidiaryrevenues, whether now owned or hereafter acquired or createdacquired.

Appears in 3 contracts

Samples: Loan Agreement (J&j Snack Foods Corp), Loan Agreement (J&j Snack Foods Corp), Loan Agreement (J&j Snack Foods Corp)

Double Negative Pledge. No Borrower nor any Subsidiary of a Borrower shall enter into or suffer to exist any agreement with any Person, other than in connection with this Agreement, which prohibits or limits the ability of the Borrowers Loan Parties or any Subsidiary to create, incur, assume or suffer to exist any Lien upon or with respect to any property or assets of any kind (real or personal, tangible or intangible) of the Borrowers Loan Parties or any Subsidiary, whether now owned or hereafter acquired or created.

Appears in 1 contract

Samples: Credit Agreement (Baker Michael Corp)

Double Negative Pledge. No Borrower nor any Subsidiary of a Borrower shall enter into or suffer to exist any agreement with any Person, other than in connection with this Agreement, which prohibits or limits the ability of the Borrowers a Borrower or any Subsidiary to create, incur, assume or suffer to exist any Lien upon or with respect to any property or assets of any kind (kind, real or personal, tangible or intangibleintangible (including, but not limited to, the capital stock or other equity interest, as the case may be) of the Borrowers such Borrower or any such Subsidiary, whether now owned or hereafter acquired or created.

Appears in 1 contract

Samples: Loan Agreement (Igate Corp)

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Double Negative Pledge. No Borrower nor any Subsidiary of a Borrower The Borrowers shall not enter into or suffer to exist any agreement with any Person, other than in connection with this Agreement, which Agreement or any other agreement by and between the Borrowers and the Bank that prohibits or limits the ability of the Borrowers or any Subsidiary to create, incur, assume or suffer to exist any Lien upon or with respect to any property or assets of any kind (kind, real or personal, tangible or intangibleintangible (including, but not limited to, Equity Interests) of the Borrowers or any Subsidiary, whether now owned or hereafter acquired or createdBorrower.

Appears in 1 contract

Samples: Loan Agreement (Liberated Syndication Inc.)

Double Negative Pledge. No Borrower nor any Subsidiary of a Borrower shall enter into or suffer to exist any agreement with any Person, other than in connection with this Agreement, which prohibits or limits the ability of the Borrowers a Borrower or any Subsidiary to create, incur, assume or suffer to exist any Lien upon or with respect to any property or assets of any kind (kind, real or personal, tangible or intangibleintangible (including, but not limited to, the capital stock or other equity interest, as the case may be) of the Borrowers such Borrower or any Subsidiary, whether now owned or hereafter acquired or created.

Appears in 1 contract

Samples: Loan Agreement (Igate Corp)

Double Negative Pledge. No Neither the Borrower nor any Subsidiary of a Borrower its Subsidiaries shall enter into or suffer to exist any agreement with any Person, other than in connection with this Agreement, which prohibits or limits the ability of the Borrowers or any Subsidiary such Person to create, incur, assume or suffer to exist any Lien upon or with respect to any property or assets of any kind (kind, real or personal, tangible or intangibleintangible (including, but not limited to, Capital Stock) of the Borrowers or any Subsidiary, whether now owned or hereafter acquired or createdsuch Person.

Appears in 1 contract

Samples: Loan Agreement (Ansoft Corp)

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