Liens; Negative Pledge. (a) The Borrower shall not, and the Borrower shall not permit any Eligible Property Subsidiary to create, assume, or incur any Lien (other than Permitted Liens) upon any of its properties, assets, income or profits of any character whether now owned or hereafter acquired if immediately prior to the creation, assumption or incurring of such Lien, or immediately thereafter, a Default or Event of Default is or would be in existence, including, without limitation, a Default or Event of Default resulting from a violation of any of the covenants contained in Section 9.1.
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Samples: Credit Agreement (American Homes 4 Rent, L.P.), Credit Agreement (American Homes 4 Rent, L.P.), Credit Agreement (American Homes 4 Rent, L.P.)
Liens; Negative Pledge. (a) The Borrower shall not, and the Borrower shall not permit any Eligible Property other Loan Party or any other Subsidiary to to, create, assume, or incur any Lien (other than Permitted Liens) upon any of its properties, assets, income or profits of any character whether now owned or hereafter acquired if immediately prior to the creation, assumption or incurring of such Lien, or immediately thereafter, a Default or Event of Default is or would be in existence, including, including without limitation, a Default or Event of Default resulting from a violation of any of the covenants contained in Section 9.18.1.
Appears in 2 contracts
Samples: Credit Agreement (Pennsylvania Real Estate Investment Trust), Credit Agreement (Pennsylvania Real Estate Investment Trust)
Liens; Negative Pledge. (a) The Parent and the Borrower shall not, and the Borrower shall not permit any Eligible Property other Loan Party or any Subsidiary to of the Parent to, create, assume, or incur incur, permit or suffer to exist any Lien (other than Permitted Liens) upon any of its material properties, assets, income or profits of any character whether now owned or hereafter acquired if immediately prior to the creation, assumption or incurring of such Lien, or immediately thereafter, a Default or Event of Default is or would be in existence, including, without limitation, a Default or Event of Default existence resulting from a violation of any of the covenants contained in Section 9.110.1.
Appears in 1 contract
Samples: Credit Agreement (VEREIT Operating Partnership, L.P.)
Liens; Negative Pledge. (a) The Parent and the Borrower shall not, and the Borrower shall not permit any Eligible Property Subsidiary to or any other Loan Party to, create, assume, or incur any Lien (other than Permitted Liens) upon any of its properties, assets, income or profits of any character whether now owned or hereafter acquired if immediately prior to the creation, assumption or incurring of such Lien, or immediately thereafter, a Default or Event of Default is or would be in existence, including, including without limitation, a Default or Event of Default resulting from a violation of any of the covenants contained in Section 9.1.
Appears in 1 contract
