Common use of Negative Pledge Agreements Clause in Contracts

Negative Pledge Agreements. The Borrower shall not and shall not permit any of Guarantor to create, incur, assume or 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 Guarantor from paying dividends to the Borrower, or which requires the consent of or notice to other Persons in connection therewith.

Appears in 5 contracts

Samples: Revolving Credit Agreement (Atlas Resources Public #16-2007 (B) L.P.), Revolving Credit Agreement (Atlas Energy Resources, LLC), Revolving Credit Agreement (Atlas Energy Resources, LLC)

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Negative Pledge Agreements. The Borrower shall not not, and shall not permit any of Guarantor Kinder Xxxxxx X.X. to create, incur, assume or permit 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 Guarantor Subsidiary from paying dividends to the Borrower, or which requires the consent of or notice to other Persons in connection therewith.

Appears in 2 contracts

Samples: Credit Agreement (Kinder Morgan Inc), Credit Agreement (Kinder Morgan Energy Partners Lp)

Negative Pledge Agreements. The Borrower shall not and shall not permit any of Guarantor its Subsidiary Guarantors to create, incur, assume or 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 Guarantor from paying dividends to the Borrower, or which requires the consent of or notice to other Persons in connection therewith.

Appears in 2 contracts

Samples: Credit Agreement (Resource America Inc), Credit Agreement (Atlas America Inc)

Negative Pledge Agreements. The Borrower shall Guarantor will not and shall will not permit any of Guarantor its Subsidiaries to create, incur, assume or permit suffer to exist any contract, agreement or understanding (other than this Agreement the Loan Documents, the Indenture and the Security Instrumentsdocuments described in Section 4.01(a) through (d) of the Indenture, and any other documents establishing Liens permitted under Sections 5.2(b)(4) and (5)) which in any way prohibits or restricts the granting, conveying, creation or imposition of any Lien on any of its Property or restricts any Guarantor from paying dividends to the Borrower, or which requires the consent of or notice to other Persons in connection therewith.

Appears in 1 contract

Samples: Guaranty Agreement (Brigham Exploration Co)

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Negative Pledge Agreements. The Borrower shall will not and shall not permit any of Guarantor to create, incur, assume or permit to exist any contract, agreement or understanding (other than this Agreement Agreement, the Security Documents, the Cubic Guaranty and the Cubic Second Lien Security InstrumentsDocuments) which in any way prohibits or restricts the granting, conveying, creation or imposition of any Lien on any of its Property or restricts any Guarantor from paying dividends to the BorrowerProperty, or which requires the consent of or notice to other Persons in connection therewith.

Appears in 1 contract

Samples: Credit Agreement (Cubic Energy Inc)

Negative Pledge Agreements. The Borrower shall Guarantor will not and shall will not permit any of Guarantor its Subsidiaries to create, incur, assume or permit suffer to exist any contract, agreement or understanding (other than this Agreement and the Security InstrumentsLoan 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 Guarantor from paying dividends to the Borrower, or which requires the consent of or notice to other Persons in connection therewith.

Appears in 1 contract

Samples: Guaranty Agreement (Brigham Exploration Co)

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