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 (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 assets financed thereby), which prohibits or limits the ability of 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.

Appears in 5 contracts

Samples: Credit Agreement (Laidlaw Environmental Services Inc), Credit Agreement (Laidlaw Environmental Services Inc), Credit Agreement (Laidlaw Environmental Services Inc)

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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 assets financed thereby), which prohibits or limits the ability of the Company 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.

Appears in 4 contracts

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

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than (a) this Agreement the Credit 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 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.

Appears in 2 contracts

Samples: Credit Agreement (Hexcel Corp /De/), Credit Agreement (Hexcel Corp /De/)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than (a) this Agreement Agreement, and (b) any industrial revenue bonds, purchase money mortgages `s 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 the Company 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.

Appears in 1 contract

Samples: Credit Agreement (Security Capital Corp/De/)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than (a) this Agreement and (b) any industrial revenue bondsAgreement, purchase money mortgages or 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 assets financed thereby), which prohibits or limits the ability of each of the Company Borrowers 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.

Appears in 1 contract

Samples: Floor Plan Agreement (Zaring National 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 assets financed thereby), which prohibits or limits the ability of the Company either Borrower or any of its Subsidiaries 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, to secure the obligations of the Borrowers and the Subsidiaries hereunder or under any other Loan Document.

Appears in 1 contract

Samples: Credit Agreement (TWP Capital Corp Ii)

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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 assets financed thereby)Agreement, which prohibits or limits the ability of the Company Borrower or any of its Subsidiaries 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.

Appears in 1 contract

Samples: Credit Agreement (Big City Radio Inc)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than (a) this Agreement and the Existing Credit Agreement and (b) any industrial revenue bonds, purchase money mortgages or Financing Capital 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 the Company Parent or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien to secure the Obligations upon any of its property, assets or revenues, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Audio Visual Services Corp)

Limitation on Negative Pledge Clauses. Enter into with any Person any agreement, other than (a) this Agreement and (b) any industrial revenue bondsAgreement, 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 that prohibits or limits the ability of the Company Borrower or any of its Subsidiaries 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.

Appears in 1 contract

Samples: Credit Agreement (Big City Radio Inc)

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