Common use of Limitations on Negative Pledge Clauses Clause in Contracts

Limitations on Negative Pledge Clauses. The Parent Borrower will not, and will not permit any Material Restricted Subsidiary to, enter into with any Person any agreement which prohibits or limits the ability of 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:

Appears in 5 contracts

Samples: Abl Credit Agreement (Veritiv Corp), Assumption Agreement (Veritiv Corp), Credit Agreement (Veritiv Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.