Negative Pledge Agreement. The Lenders hereby empower and authorize the Administrative Agent to execute and deliver to the Borrower on their behalf the Negative Pledge Agreement.
Negative Pledge Agreement. Covenant with another creditor not to pledge any portion of its assets to Lender.
Negative Pledge Agreement. THIS NEGATIVE PLEDGE AGREEMENT is made as of March , 2003, by and between SIRF TECHNOLOGY, INC. (“Borrower”) and SILICON VALLEY BANK (“Bank”). In connection with, among other documents, the Loan and Security Agreement (the “Loan Documents”) being concurrently executed herewith between Borrower and Bank, Borrower agrees as follows:
Negative Pledge Agreement. A Negative Pledge Agreement dated as of the date of this Agreement, executed by the Borrower, with respect to the real property located at 000 X. Xxxxx Drive, Tempe, Arizona 85288, in the form prepared by and acceptable to the Lender.
Negative Pledge Agreement. The Company agrees that other than in the ordinary course of business, it shall not cause or permit title to any of the Bank Collateral or the Additional Bank Collateral to be sold, transferred, conveyed, exchanged or otherwise disposed of, without having first obtained the prior written consent of the Bank, which shall be given or withheld in the Bank's sole and absolute discretion.
Negative Pledge Agreement. This Negative Pledge Agreement is made as of January 15, 2002 by and between FUSION MEDICAL TECHNOLOGIES, INC. ("Borrower") and Silicon Valley Bank ("Bank"). In connection with, among other documents, the Loan and Security Agreement (the "Loan Documents") being concurrently executed herewith between Borrower and Bank, Borrower agrees as follows:
Negative Pledge Agreement. No pledge agreement on all of the assets of the Borrowers, including the real estate. UCC Financing Statements: Copies of UCC Financing Statements duly filed in Borrowers’ or other owner’s state of incorporation, organization or residence, and in all jurisdictions necessary, or in the opinion of the Bank desirable, to perfect the security interests granted in the Security Agreement(s), and certified copies of Information Requests identifying all previous financing statements on record for the Borrowers or other owner, as appropriate from all jurisdictions indicating that no security interest has previously been granted in any of the collateral described in the Security Agreement(s), unless prior approval has been given by the Bank.
Negative Pledge Agreement each Negative Pledge Agreement to be executed by the applicable Borrower on or before the Closing Date, pursuant to which such Borrower agrees that it shall not consensually pledge, assign, transfer, encumber or grant any Lien in favor of any other Person in any of the Specified Real Estate of such Borrower that has not been pledged to Agent or permit any Lien to exist thereon (other than a Permitted Lien) until the Full Payment of the Obligations. Net Disposition Proceeds - proceeds (including cash receivable (when received) by way of deferred payment) received by an Obligor in cash from an Asset Disposition under clause (ii), (ix) or (x) of the definition of Permitted Asset Disposition, net of: (i) the reasonable fees and out-of-pocket costs and expenses actually incurred in connection with such Asset Disposition (including legal fees, accountants, appraisals, brokerage, title fees and expenses and sales commissions); (ii) amounts applied to repayment of Debt (other than the Obligations) secured by a Permitted Lien on such Collateral disposed of that is senior in priority to Agent's Liens; (iii) recording, transfer, sales or similar taxes; and (iv) reserves for escrows and indemnities, until such reserves are no longer required and such reserves or escrows are released to a Borrower. Net Orderly Liquidation Value Appraisal - an appraisal of the orderly liquidation value of Inventory or Equipment (as applicable) of Borrowers performed by an appraiser reasonably satisfactory to Agent, which appraisal shall deduct as a factor in the determination of orderly liquidation value, all costs and expenses projected to be incurred in the conduct of any liquidation of all or any portion of the Inventory or Equipment (as applicable).
Negative Pledge Agreement. 9 2.47 Note.................................................. 9 2.48 Note Receivable....................................... 9 2.49 Oak N' Spruce Resort.................................. 9 2.50
Negative Pledge Agreement. The Debtors shall have executed and delivered to the Bank a Negative Pledge Agreement in the form of Exhibit 3 to this Amendment.
