Common use of Limitation on Negative Pledges Clause in Contracts

Limitation on Negative Pledges. Enter into any agreement other than this Agreement which prohibits or limits the ability of Borrower, any of Borrower's Subsidiaries or any of the M/I Ancillary Businesses that are wholly-owned by the Borrower or by any Subsidiary to create, incur, assume or suffer to exist any Lien upon any of its assets, rights, revenues or property, real, personal or mixed, tangible or intangible, whether now owned or hereafter acquired.

Appears in 4 contracts

Samples: Credit Agreement (M I Schottenstein Homes Inc), Revolving Credit Loan Agreement (M I Schottenstein Homes Inc), Fifth Restated Revolving Credit Loan, Swingline Loan and Standby Letter of Credit Agreement (M I Schottenstein Homes Inc)

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Limitation on Negative Pledges. Enter into any agreement agreement, other than (i) this Agreement and (ii) the Senior Indenture Documents, or permit any of its Subsidiaries so to do, which prohibits or limits the ability of Borrower, any of Borrower's Subsidiaries or any of the M/I Ancillary Businesses that are wholly-owned by the Borrower or by any such Subsidiary to create, incur, assume or suffer to exist any Lien upon any of its assets, rights, revenues Property or property, real, personal or mixed, tangible or intangiblerevenues, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Helicon Capital Corp)

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Limitation on Negative Pledges. Enter The Borrowers shall not enter into with any Person any agreement (other than this Agreement and the other Financing Documents) which prohibits or limits the ability of Borrower, any of Borrower's Subsidiaries or any of the M/I Ancillary Businesses that are wholly-owned by the Borrower or by any Subsidiary Borrowers to create, incur, assume or suffer to exist any Lien upon any of its assetstheir properties, rights, revenues assets or property, real, personal or mixed, tangible or intangiblerevenues, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Ariad Pharmaceuticals Inc)

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