Common use of Negative Pledge Agreements Clause in Contracts

Negative Pledge Agreements. Neither the Borrower nor any Subsidiary will create, incur, assume or suffer to exist any contract, agreement or understanding (other than this Agreement and the Security Instruments) which in any way prohibits or restricts the granting, conveying, creation or imposition of any Lien on any of its Property or restricts any Subsidiary from paying dividends to the Borrower, or which requires the consent of or notice to other Persons in connection therewith.

Negative Pledge Agreements. Neither the Borrower Company nor any Subsidiary will create, incur, assume or suffer to exist any contract, agreement or understanding (other than this Agreement the Senior Credit Documents and the Security InstrumentsSubordinated Note Documents) which in any way prohibits or restricts the granting, conveying, creation or imposition of any Lien on any of its Property or restricts any Subsidiary from paying dividends to the BorrowerCompany, or which requires the consent of or notice to other Persons in connection therewith.

Negative Pledge Agreements. Neither the any Borrower nor any Subsidiary will create, incur, assume or suffer to exist any contract, agreement agreement, or understanding (other than this Agreement Agreement, the Loan Documents, the Hellxx Xxxn Documents, and the Security InstrumentsSubordinated Liens and Subordinated Credit Agreement) which in any way prohibits or restricts the granting, conveying, creation creation, or imposition of any Lien on any of its Property or restricts any Subsidiary from paying dividends to the BorrowerParent, or which requires the consent of or notice to other Persons in connection therewith.

Negative Pledge Agreements. Neither the Borrower nor any Subsidiary Guarantor will create, incur, assume or suffer to exist any contract, agreement agreement, or understanding (other than this Agreement and the Security Instruments) which in any way prohibits or restricts the granting, conveying, creation creation, or imposition of any Lien on any of its Property or restricts any Subsidiary from paying dividends to the Borrower, or which requires the consent of or notice to other Persons in connection therewith.

Negative Pledge Agreements. Neither None of the Borrower nor Borrower, the Parent or any Subsidiary will create, incur, assume or suffer permit to exist any contract, agreement or understanding (other than this Agreement and the Security Instruments) which in any way prohibits or restricts the granting, conveying, creation or imposition of any Lien on any of its Property or restricts any Subsidiary from paying dividends to the Borrower, or which requires the consent of or notice to other Persons in connection therewith.