Common use of Negative Pledge Agreements Clause in Contracts

Negative Pledge Agreements. The Borrower will not and will not permit any Subsidiary to create, incur, assume or suffer to exist any contract, agreement or understanding (other than the Loan Documents and the Senior Loan Documents) which in any way prohibits or restricts (i) the granting, conveying, creation or imposition of any Lien on any of its Property or (ii) any Subsidiary from paying dividends or making any other distribution to the Borrower or which requires the consent of or notice to other Persons in connection with any of the foregoing.

Negative Pledge Agreements. The Borrower will not not, and will not permit any Subsidiary to to, create, incur, assume or suffer to exist any contract, agreement or understanding (other than this Agreement, the Loan Documents and the Senior Loan DocumentsSecurity Instruments, or Capital Leases creating Liens permitted by Section 9.03) which in any way prohibits or restricts (i) the granting, conveying, creation or imposition of any Lien on any of its Property or (ii) any Subsidiary from paying dividends or making any other distribution to Properties in favor of the Borrower Administrative Agent and the Lenders or which requires the consent of or notice to other Persons in connection with any of the foregoingtherewith.

Negative Pledge Agreements. The Borrower will not and will not permit any Subsidiary to create, incur, assume or suffer to exist any contract, agreement or understanding (other than the Loan Documents and the Senior Loan Basic Documents) which in any way prohibits or restricts (i) the granting, conveying, creation or imposition of any Lien on any of its Property or (ii) any Subsidiary from paying dividends or making any other distribution to the Borrower or which requires the consent of or a notice to other Persons in connection with any of the foregoing, other than the restrictions contained in the Senior Loan Documents as they exist on the day hereof.

Negative Pledge Agreements. The Neither the Borrower nor any Restricted Subsidiary will not and will not permit any Subsidiary to create, incur, assume or suffer to exist any contract, agreement or understanding (other than this Agreement, the Loan Documents Tranche A Security Instruments and the Senior Loan DocumentsTranche B Security Instruments (as defined in Annex I) which in any way prohibits or restricts (i) the granting, conveying, creation or imposition of any Lien on any of its Property included in the Borrowing Base or (ii) restricts any Restricted Subsidiary from paying dividends or making any other distribution to the Borrower Borrower, or which requires the consent of or notice to other Persons in connection with any of the foregoingtherewith.

Negative Pledge Agreements. The Neither the Borrower will not and will not permit nor any Subsidiary to will create, incur, assume or suffer to exist any contract, agreement or understanding (other than the Loan Documents this Agreement and the Senior Loan DocumentsSecurity Instruments) which in any way prohibits or restricts (i) the granting, conveying, creation or imposition of any Lien on any of its Property or (ii) restricts any Subsidiary from paying dividends or making any other distribution to the Borrower Borrower, or which requires the consent of or notice to other Persons in connection with any of therewith, except for instances where the foregoingapplicable restriction has been waived in writing by the Person entitled to enforce such restriction.

Negative Pledge Agreements. The Neither Borrower will not and will not permit nor any Subsidiary to will create, incur, assume or suffer permit to exist any contract, agreement or understanding (other than (x) the Loan Documents and (y) documents and agreements relating to Subordinated Debt, to the Senior Loan Documentsextent permitted by the Intercreditor Agreement pertaining to such Subordinated Debt) which in any way prohibits or restricts (i) the granting, conveying, creation or imposition of any Lien on any of its Property or (ii) restricts any Subsidiary from paying dividends or making any other distribution to the Borrower Borrower, or which requires the consent of or notice to other Persons in connection with any of the foregoingtherewith.

Negative Pledge Agreements. The Borrower will not not, and will not permit any Subsidiary to to, create, incur, assume or suffer to exist any contract, agreement or understanding (other than this Agreement, the Loan Documents and Security Instruments, the ABL Facility Documents, the Senior Loan DocumentsNotes, Capital Leases or purchase money Indebtedness creating Permitted Liens) which in any way prohibits or restricts (i) the granting, conveying, creation or imposition of any Lien on any of its Property or (ii) any Subsidiary from paying dividends or making any other distribution to the Borrower or which requires the consent of or notice to other Persons Oil and Gas Properties in connection with any favor of the foregoingAdministrative Agent and the Lenders.

Negative Pledge Agreements. The Neither the Borrower nor any Restricted Subsidiary will not and will not permit any Subsidiary to create, incur, assume or suffer to exist any contract, agreement or understanding (other than this Agreement, the Loan Documents Credit Agreement and the Senior Loan DocumentsSecurity Instruments) which in any way prohibits or restricts (i) the granting, conveying, creation or imposition of any Lien on any of its Property which is required to be subject to a Lien in favor of the Agent securing the Tranche B Indebtedness or (ii) restricts any Restricted Subsidiary from paying dividends or making any other distribution to the Borrower Borrower, or which requires the consent of or notice to other Persons in connection with any of the foregoingtherewith.

Negative Pledge Agreements. The Neither the Borrower will not and will not permit nor any Subsidiary to will create, incur, assume or suffer permit to exist any contract, agreement or understanding (other than this Agreement and the Loan Documents Security Instruments and the Senior Loan DocumentsCredit Agreement and the security instruments in connection therewith) which in any way prohibits or restricts (i) the granting, conveying, creation or imposition of any Lien on any of its Property or (ii) any Subsidiary from paying dividends or making any other distribution to the Borrower or which requires the consent of or notice to other Persons in connection with any of the foregoing.the

Negative Pledge Agreements. The Borrower will shall not, and shall not and will not cause or permit any Restricted Subsidiary to createto, incur, assume enter into or suffer permit to exist any contract, agreement or understanding Contractual Requirement (other than the Loan Documents and the Senior Loan Documents) which in any way prohibits this Agreement or restricts (i) the granting, conveying, creation or imposition of any Lien on any of its Property or (ii) any Subsidiary from paying dividends or making any other distribution to the Borrower or which requires the consent of or notice to other Persons in connection with any of the foregoing.Loan Document)

Negative Pledge Agreements. The Borrower will not and will not permit any Subsidiary to create, incur, assume or suffer to exist any contract, agreement or understanding (other than the Loan Documents and the Senior Loan Documents) which in any way prohibits or restricts (i) the granting, conveying, creation or imposition of any Lien on any of its Property or (ii) any Subsidiary from paying dividends or making any other distribution to the Borrower or which requires the consent of or notice to other Persons in connection with any of the foregoing.