Common use of Limitation on Negative Pledge Clauses Clause in Contracts

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than this Agreement or the other Loan Documents, which prohibits or limits the ability of such Borrower to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 16 contracts

Samples: Credit Agreement (Columbia Funds Variable Series Trust II), Credit Agreement (Wanger Advisors Trust), Credit Agreement (Columbia Acorn Trust)

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Limitation on Negative Pledge Clauses. Enter into with any Person person any agreement, other than (a) this Agreement or and (b) the other Loan DocumentsPapers, which prohibits or limits the ability of such the Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 10 contracts

Samples: Loan Agreement, Loan Agreement (Natural Gas Services Group Inc), Loan Agreement (Natural Gas Services Group Inc)

Limitation on Negative Pledge Clauses. Enter The Borrower will not, and will not permit its Subsidiaries to, directly or indirectly, enter into with any Person any agreement, other than (a) this Agreement and (b) any Purchase Money Indebtedness permitted by this Agreement (in which case, any prohibition or limitation shall only be effective against the other Loan Documentsassets financed thereby), which prohibits or limits the ability of such the Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets Property or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 6 contracts

Samples: Convertible Loan Agreement (Binc Acquisition Corp), Execution Copy (Time Warner Inc/), Convertible Loan Agreement (Time Warner Inc/)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, Contractual Obligation (other than this Agreement or the any other Loan Documents, which prohibits or Document) that limits the ability of such the Borrower or any Subsidiary Guarantor to create, incur, assume or suffer to exist any Lien upon any of its propertyproperty to secure the Obligations hereunder; provided, assets or revenueshowever, whether now owned or hereafter acquired, other than (i) this Agreement or that the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are foregoing clause shall not otherwise prohibited by any Requirement of Law.apply to Contractual Obligations which:

Appears in 6 contracts

Samples: Credit Agreement (Foresight Energy LP), Credit Agreement (Foresight Energy Partners LP), Credit Agreement (Foresight Energy Partners LP)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than this Agreement or the other Loan Documents, agreement which prohibits or limits the ability of such the Parent Borrower or any of its Restricted Subsidiaries that are Loan Parties to create, incur, assume or suffer to exist any Lien in favor of the Lenders in respect of obligations and liabilities under this Agreement or any other Loan Documents upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.than:

Appears in 5 contracts

Samples: Credit Agreement (SiteOne Landscape Supply, Inc.), Credit Agreement (Envision Healthcare Corp), Credit Agreement (SiteOne Landscape Supply, Inc.)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than this Agreement or the other Loan DocumentsAgreement, which prohibits or limits the ability of such the Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 5 contracts

Samples: Credit Agreement (Technical Olympic Usa Inc), Credit Agreement (Meridian Resource Corp), Credit Agreement (Meridian Resource Corp)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than (a) this Agreement and (b) any industrial revenue bonds, purchase money mortgages or Financing Leases permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the other Loan Documentsassets financed thereby), which prohibits or limits the ability of such the Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 4 contracts

Samples: Credit Agreement (Unidigital Inc), Credit Agreement (Monarch Machine Tool Co), Credit Agreement (General Chemical Group Inc)

Limitation on Negative Pledge Clauses. Enter into with or suffer to exist or become effective any Person any agreement, other than this Agreement or the other Loan Documents, agreement which prohibits or limits the ability of such the Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets Property or revenues, whether now owned or hereafter acquired, other than (ia) this Agreement or and the other Loan Documents and (b) any agreements governing any purchase money Liens or Capital Lease Obligations otherwise permitted hereby (ii) except as may occur under agreements entered into in which case, any prohibition or limitation shall only be effective against the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Lawassets financed thereby).

Appears in 3 contracts

Samples: Credit Agreement (Physician Computer Network Inc /Nj), Credit Agreement (Imperial Holly Corp), Credit Agreement (Imperial Holly Corp)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than (a) this Agreement, and (b) any industrial revenue bonds, purchase money mortgages or Financing Leases permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the other Loan Documentsassets financed thereby), which prohibits or limits the ability of such the Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 3 contracts

Samples: Credit Agreement (Armor Holdings Inc), Credit Agreement (Armor Holdings Inc), Credit Agreement (National Education Corp)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, Contractual Obligation (other than this Agreement or the any other Loan Documents, which prohibits or Document) that limits the ability of such the Borrower or any Guarantor to create, incur, assume or suffer to exist any Lien upon any of its propertyproperty to secure the Obligations hereunder; provided, assets or revenueshowever, whether now owned or hereafter acquired, other than (i) this Agreement or that the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are foregoing clause shall not otherwise prohibited by any Requirement of Law.apply to Contractual Obligations which:

Appears in 3 contracts

Samples: Credit Agreement (Peabody Energy Corp), Credit Agreement (Peabody Energy Corp), Credit Agreement (Peabody Energy Corp)

Limitation on Negative Pledge Clauses. Enter into with or suffer to exist or become effective any Person any agreement, other than this Agreement or the other Loan Documents, which agreement that prohibits or limits the ability of such the Borrower to create, incur, assume or suffer to exist any Lien upon any of its property, assets Property or revenues, whether now owned or hereafter acquired, to secure the Obligations other than (ia) this Agreement or and the other Loan Documents and (b) any agreements governing any purchase money Liens or Capital Lease Obligations otherwise permitted hereby (ii) except as may occur under agreements entered into in which case, any prohibition or limitation shall only be effective against the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Lawassets financed thereby).

Appears in 2 contracts

Samples: Credit Agreement (Magellan Midstream Holdings Lp), Credit Agreement (Weg Acquisitions Lp)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than any industrial revenue bonds, purchase money mortgages or Financing Leases permitted by this Agreement (in which cases, any prohibition or limitation may only be with respect to the real or personal property which is the subject thereof and other Loan Documentsproperty reasonably related thereto), with any Person other than the Banks pursuant hereto which prohibits or limits the ability of such Borrower the Company or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 2 contracts

Samples: Credit Agreement (Humana Inc), Credit Agreement (Humana Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than Except for this Agreement or and the other Loan Documents, enter into any agreement with any Person other than the Bank which prohibits or limits the ability of such the Borrower or any of its subsidiaries to create, incur, assume create or suffer permit to exist any Lien upon lien on any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Medical Transcription Billing, Corp)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than this Agreement Agreement, or the other Loan Documents, acquire any Ground Lease which prohibits or limits the ability of such the Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon on any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement any such prohibition or limitation with respect to the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of Leased Property subject to such Borrower’s business and which are not otherwise prohibited by any Requirement of LawGround Lease that constitutes a Permitted Exception.

Appears in 2 contracts

Samples: Credit Agreement (Global Signal Inc), Global Signal Inc

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than (a) this Agreement or and the other Loan DocumentsDocuments and (b) any industrial revenue bonds, purchase money Liens or Financing Leases permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the assets financed thereby) which prohibits or limits the ability of such the Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 2 contracts

Samples: Credit Agreement (Key Energy Group Inc), Credit Agreement (Key Energy Group Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person any ------------------------------------- agreement, other than this Agreement or the other Loan Documents, which prohibits or limits the ability of such Borrower to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned owed or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 2 contracts

Samples: Credit Agreement (Excelsior Funds Inc), Credit Agreement (Excelsior Tax Exempt Funds Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than this Agreement or the other Loan Documents, agreement which prohibits or limits the ability of such Borrower to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (ia) this Agreement or the other Loan Documents or Documents, (iib) the provisions of certain series of mandatory redeemable preferred shares issued by Borrower, and (c) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are is not otherwise prohibited by any Requirement Requirements of Law.

Appears in 2 contracts

Samples: Loan and Security Agreement (Apollo Senior Floating Rate Fund Inc.), Loan and Security Agreement (Apollo Tactical Income Fund Inc.)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than (a) this Agreement and (b) any industrial revenue bonds, purchase money mortgages or Financing Leases permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the other Loan Documentsassets financed thereby), which prohibits or limits the ability of such either Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 2 contracts

Samples: Credit Agreement (Swisher International Group Inc), Credit Agreement (Swisher International Group Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than (a) this Agreement and (b) any industrial revenue bonds, purchase money mortgages or Capitalized Leases permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the other Loan Documentsassets financed thereby), which agreement prohibits or limits the ability of such any Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 2 contracts

Samples: Credit Agreement (Baldwin Technology Co Inc), Credit Agreement (Baldwin Technology Co Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than (a) this Agreement, (b) any industrial revenue bonds, purchase money mortgages or Financing Leases permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the other Loan Documentsassets financed thereby), or (c) the loan documents related to the MC24 Obligations which prohibits or limits the ability of such Borrower or any of the other Loan Parties to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 2 contracts

Samples: Credit Agreement (Merisel Inc /De/), Credit Agreement (Merisel Inc /De/)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than (a) this Agreement or and (b) the other Loan Documents, which prohibits or limits the ability of such the Borrower to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 2 contracts

Samples: Loan Agreement (TMBR Sharp Drilling Inc), Loan Agreement (TMBR Sharp Drilling Inc)

Limitation on Negative Pledge Clauses. (a) Enter into with any Person any agreement, agreement and other than (i) this Agreement or (ii) any Lien permitted under or Financing Leases permitted by this Agreement (in which case, any prohibition or limitation shall be effective only against the other Loan Documents, assets financed thereby) which prohibits or limits the ability of such the Borrower or any Subsidiary to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.; and

Appears in 2 contracts

Samples: Credit Agreement (Four Media Co), Credit Agreement (Aavid Thermal Technologies Inc)

Limitation on Negative Pledge Clauses. Enter into with or suffer to exist or become effective any Person any agreement, other than this Agreement or the other Loan Documents, which agreement that prohibits or limits the ability of such the Borrower to create, incur, assume or suffer permit to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or and the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of LawTransaction Documents.

Appears in 2 contracts

Samples: Credit Agreement, Security Agreement

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than this Agreement or Agreement, the other Loan Credit Documents, those agreements included as exhibits in its Registration Statement or customary custody agreements, which by its terms prohibits or limits the ability of such Borrower to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned owed or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 2 contracts

Samples: Day Credit Agreement (Huntington Funds), Day Credit Agreement (Huntington Funds)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than (a) this Agreement, (b) the Subordinated Debt and (c) any industrial revenue bonds, purchase money mortgages or Financing Leases permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the other Loan Documentsassets financed thereby), which prohibits or limits the ability of such Borrower the Company or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 2 contracts

Samples: Credit and Guarantee Agreement (Nbty Inc), Credit and Guarantee Agreement (Nbty Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than (a) this Agreement and (b) any industrial revenue bonds, purchase money mortgages or Financing Leases permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the other Loan Documentsassets financed thereby), which prohibits or limits the ability of such Borrower the Parent or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 2 contracts

Samples: Credit Agreement (Swisher International Group Inc), Credit Agreement (Swisher International Group Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than this Agreement or the other Loan Documents, agreement which prohibits or limits the ability of such the Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.except:

Appears in 1 contract

Samples: Credit Agreement (Universal Hospital Services Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than this Agreement or the other Loan DocumentsAgreement, which prohibits or limits the ability of such the Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or ; provided that any of the other Loan Documents or (ii) except as Borrower and its Subsidiaries may occur under agreements entered enter into any such agreement to the extent that such agreement is in the ordinary course of such Borrower’s business and which are not otherwise prohibited connection with a Lien permitted by any Requirement of Law.Section

Appears in 1 contract

Samples: Credit Agreement (M & F Worldwide Corp)

Limitation on Negative Pledge Clauses. Enter The Borrower shall not enter into with any Person any agreement, other than this Agreement or and the other Loan Documents, or any purchase money mortgages or financing leases permitted by this Agreement (a) which prohibits or limits the ability of such the Borrower to create, incur, assume or suffer to exist any Lien Liens upon the Columbia Mine Lease, or (b) which prohibits or requires the consent of any of its propertyPerson to any amendment, assets modification or revenues, whether now owned or hereafter acquired, other than (i) supplement to this Agreement or any of the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of LawDocuments.

Appears in 1 contract

Samples: Loan Agreement (America West Resources, Inc.)

Limitation on Negative Pledge Clauses. Enter into with ------------------------------------- any Person any agreement, other than (a) this Agreement and (b) any purchase money mortgages or Capital Leases permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the other Loan Documentsassets financed thereby), which prohibits or limits the ability of such Borrower the Parent or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (Caribiner International Inc)

Limitation on Negative Pledge Clauses. Enter into any agreement with any Person any agreement, other than this Agreement or the other Loan Documents, Lender pursuant to the Operative Agreements which prohibits or limits the ability of such the Borrower to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or acquired except with the other Loan Documents or (ii) except as may occur under agreements entered into in prior written consent of the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of LawLender.

Appears in 1 contract

Samples: Loan and Security Agreement (Essex International Inc /)

Limitation on Negative Pledge Clauses. Enter into any agreement with any Person any agreement, other than this Agreement or the other Loan Documents, Banks which prohibits or limits the ability of such any Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its propertyproperties, assets or revenues, whether now owned or hereafter acquired; provided that a Borrower may enter into such an agreement in connection with any Lien permitted by subsection 9.2(h) of this Agreement, other than (i) this Agreement when such prohibition or limitation is by its terms effective only against the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of assets subject to such Borrower’s business and which are not otherwise prohibited by any Requirement of LawLien.

Appears in 1 contract

Samples: Credit Agreement (Standard Automotive Corp)

Limitation on Negative Pledge Clauses. Enter into any agreement with any Person any agreement, other than this Agreement or the other Loan Documents, Banks which prohibits or limits the ability of such any Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its propertyproperties, assets or revenues, whether now owned or hereafter acquired; provided that a Borrower or Guarantor may enter into such an agreement in connection with a Purchase Money Security Interest permitted hereunder, other than (i) this Agreement provided that such prohibition or limitation is by its terms effective only against the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of assets subject to such Borrower’s business and which are not otherwise prohibited by any Requirement of LawLien.

Appears in 1 contract

Samples: Credit Agreement (West Coast Entertainment Corp)

Limitation on Negative Pledge Clauses. Enter into with In addition to any Person any agreement, other than this Agreement or limitations set forth in the other Loan Documents, enter into or suffer to exist or become effective any agreement which prohibits or limits the ability of such any Guarantor, any Borrower or any of their respective Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its propertyAssets, assets property or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or Guaranty and the other Loan Documents or Documents, and (ii) except as may occur any Liens permitted under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of LawSection 8(c).

Appears in 1 contract

Samples: Guaranty (Lodgian Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than this Agreement or the other Loan Documents, agreement which prohibits or limits the ability of such the Borrower or any Subsidiary (other than any Foreign Subsidiary) to create, incur, assume or suffer to exist any Lien Lien, in favor of any of the Agents, the Lenders under the Loan Documents and their respective assignees under the Loan Documents or any Person refinancing all or a portion of the Commitments hereunder, upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Financing Agreement (Atp Oil & Gas Corp)

Limitation on Negative Pledge Clauses. Enter into with any Person any ------------------------------------- agreement, other than this Agreement or the other Loan Documents, which prohibits or limits the ability of such Borrower to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under such agreements entered into in the ordinary course of such Borrower’s 's business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (Mercantile Mutual Funds Inc)

Limitation on Negative Pledge Clauses. Enter into any agreement with any Person any agreement, other than this Agreement or the other Loan Documents, Lenders which prohibits or limits the ability of such the Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its propertyproperties, assets or revenues, whether now owned or hereafter acquired; provided that the Borrower and its Subsidiaries may enter into such an agreement in connection with any Lien permitted by subsection 7.2(g) of this Agreement, other than (i) this Agreement when such prohibition or limitation is by its terms effective only against the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of assets subject to such Borrower’s business and which are not otherwise prohibited by any Requirement of LawLien.

Appears in 1 contract

Samples: Credit Agreement (Transaction Network Services Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than this Agreement, and any industrial revenue bonds, purchase money mortgages or Financing Leases permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the other Loan Documentsassets financed thereby), which prohibits or limits the ability of such Borrower the Loan Party to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (Dominion Bridge Corp)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than (a) this Agreement and (b) any industrial revenue bonds, purchase money mortgages or Financing Leases permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the other Loan Documentsassets financed thereby), which prohibits or limits the ability of such any Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (Celadon Group Inc)

Limitation on Negative Pledge Clauses. Enter The Borrower shall not enter into with any Person any agreement, other than this Agreement or the other Loan Facility Documents, which prohibits or limits the ability of such the Borrower to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned owed or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (Nuveen Senior Income Fund)

Limitation on Negative Pledge Clauses. Enter Directly or indirectly enter into any agreement (other than the Loan Documents) with any Person any agreement, other than this Agreement or the other Loan Documents, which prohibits or limits the ability of such Borrower or any Guarantor to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Torrent Energy Corp)

Limitation on Negative Pledge Clauses. Enter into with any Person ------------------------------------- any agreement, other than this Agreement or the other Loan Documents, which prohibits or limits the ability of such Borrower to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under such agreements entered into in the ordinary course of such Borrower’s 's business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (Mercantile Mutual Funds Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than this Agreement or the other Loan Documents, which prohibits or limits the ability of such the Borrower to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under such agreements entered into in the ordinary course of such the Borrower’s 's business and which are not otherwise prohibited by any Requirement of LawLaw and/or the applicable laws and regulations of the United States of America.

Appears in 1 contract

Samples: Credit Agreement (Japan Fund Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than this Agreement Agreement, or the other Loan Documents, acquire any Ground Lease which prohibits or limits the ability of such the Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement any such prohibition or limitation with respect to the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of Leased Property subject to such Borrower’s business and which are not otherwise prohibited by any Requirement of LawGround Lease that constitutes a Permitted Exception.

Appears in 1 contract

Samples: Credit Agreement (Global Signal Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than (a) this Agreement or (b) any industrial revenue bonds, purchase money mortgages or Financing Leases permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the other Loan Documentsassets financed thereby), which prohibits or limits the ability of such the Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Subsidiaries Security Agreement (Standard Microsystems Corp)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, agreement (other than (a) this Agreement or and the other Loan Documents, or (b) any purchase money mortgages or Financing Leases expressly permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the assets financed thereby)) that prohibits or limits the ability of such any Borrower to create, incur, assume assume, enforce, or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Uncommitted Credit Agreement (Par Petroleum Corp/Co)

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Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than (i) this Agreement, (ii) the Note Agreement and (iii) purchase money mortgages or capital leases permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the other Loan Documentsassets financed thereby), which prohibits or limits the ability of such Borrower any Credit Party to create, incur, assume or suffer to exist any Lien upon any of its property, assets Property or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Bet Holdings Inc)

Limitation on Negative Pledge Clauses. Enter into any agreement with any Person any agreement, other than the Lenders pursuant to this Agreement or the any other Loan Documents, Document which prohibits or limits the ability of such the Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired; provided that, other than (i) the Borrower may enter into such an agreement in connection with any Lien permitted by this Agreement Agreement, when such prohibition or limitation is by its terms effective only against the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of assets subject to such Borrower’s business and which are not otherwise prohibited by any Requirement of LawLien.

Appears in 1 contract

Samples: Security Agreement (Smith Corona Corp)

Limitation on Negative Pledge Clauses. Enter The Borrower shall not enter into with any Person any agreement, other than this Agreement or the other Loan Documents, which prohibits or limits the ability of such the Borrower to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned owed or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (Nuveen Senior Income Fund)

Limitation on Negative Pledge Clauses. Enter The Borrower shall not (and will not permit any of its Subsidiaries to) enter into with any Person any agreement, other than this Agreement or and the other Loan Documents, Documents (a) which prohibits or limits the ability of such the Borrower or Hidden Splendor to create, incur, assume or suffer to exist any Lien Liens upon the Horizon Mine, the Wildcat Loadout Facility or the Consumer Road Property, or (b) which prohibits or requires the consent of any of its propertyPerson to any amendment, assets modification or revenues, whether now owned or hereafter acquired, other than (i) supplement to this Agreement or any of the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of LawDocuments.

Appears in 1 contract

Samples: Loan Agreement (America West Resources, Inc.)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than (a) this Agreement or and the other Loan DocumentsCredit Documents and (b) any industrial revenue bonds, purchase money mortgages or Financing Leases permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the assets financed thereby) which prohibits or limits the ability of such the Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (Ero Marketing Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than (a) this Agreement and the Subordinated Note Indenture, and (b) any purchase money mortgage or Capital Lease Obligation permitted by this Agreement (which prohibition or limitation shall, in the other Loan Documentscase of this clause (b), be effective only against the assets financed thereby), which prohibits or limits the ability of such the Borrower or any of the Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its their respective property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (Foodbrands America Inc)

Limitation on Negative Pledge Clauses. Enter Directly or indirectly enter into any agreement (other than the Loan Documents) with any Person any agreement, other than this Agreement or the other Loan Documents, which prohibits or limits the ability of such Borrower to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (Rancher Energy Corp.)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than (a) this Agreement and (b) any industrial revenue bonds, purchase money mortgages or Financing Leases permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the other Loan Documentsassets financed thereby), which prohibits or limits the ability of such Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (Adelphia Communications Corp)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than this Agreement or the other Loan Documents, which prohibits or limits the ability of such Borrower to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under such agreements entered into in the ordinary course of such Borrower’s Xxxxxxxx's business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (Korea Fund Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than this Agreement or the other Loan Documents, which prohibits or limits the ability of such the Borrower to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (Public Storage Properties LTD)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than this Agreement or the other Loan Documents, which prohibits or limits the ability of such the Borrower to create, incur, assume or suffer to exist any Lien upon on any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than this Agreement, purchase money mortgages, Financing Leases and other similar fixed asset financings permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the other Loan Documentsassets financed thereby), which prohibits or limits the ability of such any Borrower or any Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (Advanced Communication Systems Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than this Agreement, purchase money mortgages, Financing Leases and other similar fixed asset financings permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the other Loan Documentsassets financed thereby), which prohibits or limits the ability of such the Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, acquired other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of LawMargin Stock.

Appears in 1 contract

Samples: Credit Agreement (Tefron LTD)

Limitation on Negative Pledge Clauses. Enter into any agreement with any Person any agreement, other than Lender pursuant to this Agreement or the any other Loan Documents, Facility Document which prohibits or limits the ability of such Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (MBI Financial, Inc.)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than any industrial revenue bonds, purchase money mortgages, liens or security interests or Financing Leases permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the other Loan Documentsassets financed thereby), which prohibits or limits the ability of such Borrower the Company or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or to secure the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of LawObligations.

Appears in 1 contract

Samples: Credit Agreement (Outdoor Systems Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than any industrial revenue bonds, purchase money mortgages, liens or security interests or Financing Leases permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the other Loan Documentsassets financed thereby), which prohibits or limits the ability of such Borrower the Company or any of its Restricted Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or to secure the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of LawObligations.

Appears in 1 contract

Samples: Credit Agreement (Outdoor Systems Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than (a) this Agreement or the and any other Loan DocumentsDocument and (b) any industrial revenue bonds, purchase money mortgages or Financing Leases permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the assets financed thereby), which prohibits or limits the ability of such Borrower Holdings or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (General Cigar Holdings Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person ------------------------------------- any agreement, other than (a) this Agreement and (b) any industrial revenue bonds, purchase money mortgages or Financing Leases permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the other Loan Documentsassets financed thereby), which prohibits or limits the ability of such the Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (V I Technologies Inc)

Limitation on Negative Pledge Clauses. Enter into with or suffer to exist or become effective any Person any agreement, other than this Agreement or the other Loan Documents, agreement which prohibits or limits the ability of such a Borrower or any of its Subsidiaries to create, incurIncur, assume or suffer to exist any Lien upon any of its property, assets Property or revenues, whether now owned or hereafter acquired, other than (ia) this Agreement or and the other Loan Documents and (b) any agreements governing any purchase money Liens otherwise permitted hereby (in which case, any prohibition or (ii) except as may occur under agreements entered into in limitation shall only be effective with respect to the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Lawassets financed thereby).

Appears in 1 contract

Samples: Credit Agreement (Cpi Aerostructures Inc)

Limitation on Negative Pledge Clauses. Enter into any agreement or Financing Leases permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the assets financed thereby), with any Person any agreement, other than this Agreement or the other Loan Documents, Lenders pursuant hereto which prohibits or limits the ability of such the Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (Audiovox Corp)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than this Agreement or the other Loan Documents, agreement which effectively prohibits or limits the ability of such the Borrower to create, incur, assume or suffer to exist any Lien upon or otherwise transfer any interest in any of its property, assets or revenuesrevenues as Collateral, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.than:

Appears in 1 contract

Samples: Credit Agreement (Cheniere Energy Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than this Agreement or the other Loan Documents, which prohibits or limits the ability of such the Borrower to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under such agreements entered into in the ordinary course of such the Borrower’s 's business and which are not otherwise prohibited by any Requirement of LawLaw and/or the applicable laws and regulations of the United States.

Appears in 1 contract

Samples: Credit Agreement (Heartland Group Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than this Agreement or the other Loan Documents, which prohibits or limits the ability of such Borrower to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under such agreements entered into in the ordinary course of such Borrower’s 's business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (Firstar Funds Inc)

Limitation on Negative Pledge Clauses. Enter into with any ------------------------------------- Person any agreement, other than (a) this Agreement, (b) the Security Documents and (c) any industrial revenue bonds, purchase money mortgages or Financing Leases permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the other Loan Documentsassets financed thereby), which prohibits or limits the ability of such Borrower either of the Borrowers or any of their Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (Asi Solutions Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than (a) this Agreement; and (b) any purchase money mortgages or Financing Leases permitted by this Agreement (in which cases, any prohibition or limitation shall only be effective against the other Loan Documentsassets financed thereby), which prohibits or limits the ability of such the Borrower to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.. 7.15

Appears in 1 contract

Samples: Credit Agreement (International Airline Support Group Inc)

Limitation on Negative Pledge Clauses. Enter into any agreement with any Person any agreementPerson, other than this Agreement or the other Loan DocumentsAgreement, which that prohibits or limits the ability of such Borrower the Borrower, Guarantor, Target or any of their respective Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (Hui Lap Shun)

Limitation on Negative Pledge Clauses. (a) Enter into with any Person any agreement, other than (i) this Agreement or (ii) any Lien permitted under or Financing Leases permitted by this Agreement (in which case, any prohibition or limitation shall be effective only against the other Loan Documentsassets financed thereby), which prohibits or limits the ability of such the Borrower or any Subsidiary to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (Advanced Communications Group Inc/De/)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than this Agreement (in which case, any prohibition or limitation shall only be effective against the other Loan Documentsassets financed thereby), which prohibits or limits the ability of such the Borrower or any of its Restricted Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (Deeptech International Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than this Agreement or the other Loan Documents, agreement which prohibits or limits the ability of such the Borrower or any Subsidiary to create, incur, assume or suffer to exist any Lien Lien, in favor of any of the Agents, the Lenders under the Loan Documents and their respective assignees under the Loan Documents or any Person refinancing all or a portion of the Revolving Credit Commitments hereunder, upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Credit Agreement (Imperial Petroleum Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than (a) this Agreement and (b) any industrial revenue bonds, purchase money mortgages or Financing Leases from time to time permitted under this Agreement (in which cases, any prohibition or limitation shall only be effective against the other Loan Documentsassets financed thereby), which prohibits or limits the ability of such the Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than (i) this Agreement or the other Loan Documents or (ii) except as may occur under agreements entered into in the ordinary course of such Borrower’s business and which are not otherwise prohibited by any Requirement of Law.

Appears in 1 contract

Samples: Pledge Agreement (Denali Inc)

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