Common use of Issuer’s Negative Pledge Clause in Contracts

Issuer’s Negative Pledge. So long as any of the Notes remains outstanding (as defined in the Agency Agreement), the Issuer will ensure that no Relevant Indebtedness (as defined below) of the Issuer or any of its Subsidiaries (as defined below) will be secured by any mortgage, charge, lien, pledge or other security interest (each a “Security Interest”) upon, or with respect to, any of the present or future business, undertaking, assets or revenues (including any uncalled capital) of the Issuer or any of its Subsidiaries unless the Issuer shall, in the case of the creation of the Security Interest, before or at the same time and, in any other case, promptly, take any and all action necessary to ensure that:

Appears in 6 contracts

Samples: www.securitas.com, ise-prodnr-eu-west-1-data-integration.s3-eu-west-1.amazonaws.com, www.securitas.com

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