Common use of Negative Pledge Agreements Clause in Contracts

Negative Pledge Agreements. The Borrower will not create, incur, assume or suffer to exist any contract, agreement or understanding which in any way prohibits or restricts the granting, conveying, creation or imposition of any Lien on any of its Cash Collateral Account in favor of the Lender; provided, however, that the preceding restrictions will not apply to encumbrances or restrictions arising under or by reason of (a) this Agreement or the Security Instruments (b) the Xxxxxxxx Credit Agreement and (c) applicable law, rule, regulation or order.

Negative Pledge Agreements. The Borrower will shall not create, incur, assume or suffer permit to exist any contract, written contract or agreement or understanding (other than the Loan Documents and any Permitted Encumbrances) which in any way prohibits or restricts the granting, conveying, creation or imposition of any Lien on any of its Cash Collateral Account in favor a material portion of the Lender; providedCollateral, howeveror which requires the consent of other Persons in connection therewith, that in each case other than any such contract or agreement existing on the preceding restrictions will not apply to encumbrances Closing Date and any renewals, replacements, or restrictions arising under or by reason of (a) this Agreement or the Security Instruments (b) the Xxxxxxxx Credit Agreement and (c) applicable law, rule, regulation or orderextensions thereof.

Negative Pledge Agreements. The Borrower will not create, incur, assume or suffer to exist any contract, agreement or understanding (other than this Agreement or the Security Instruments) which in any way prohibits or restricts the granting, conveying, creation or imposition of any Lien on any of its Cash Collateral Account Property in favor of the Lender; providedAdministrative Agent and the Lenders, however, that or which requires the preceding restrictions will not apply consent of or notice to encumbrances or restrictions arising under or by reason of (a) this Agreement or the Security Instruments (b) the Xxxxxxxx Credit Agreement and (c) applicable law, rule, regulation or orderother Persons in connection therewith.

Negative Pledge Agreements. The Borrower will not create, incur, assume or suffer permit to exist any contract, agreement or understanding (other than this Agreement or the Security Instruments) which in any way prohibits or restricts the granting, conveying, creation or imposition of any Lien on any of its Cash Collateral Account Property, or which requires the consent of or notice to other Persons in favor of the Lender; provided, however, that the preceding restrictions will not apply to encumbrances or restrictions arising under or by reason of (a) this Agreement or the Security Instruments (b) the Xxxxxxxx Credit Agreement and (c) applicable law, rule, regulation or orderconnection therewith.

Negative Pledge Agreements. The Borrower will shall not create, incur, assume or suffer permit to exist any contract, written contract or agreement or understanding (other than the Loan Documents and any Permitted Encumbrances) which in any way prohibits or restricts the granting, conveying, creation or imposition of any Lien on any of its Cash Collateral Account in favor a material portion of the Lender; providedCollateral, howeveror which requires the consent of other Persons in connection therewith, that the preceding restrictions will not apply to encumbrances in each case other than any such contract or restrictions arising under agreement existing on August 7, 2020 and any renewals, replacements, or by reason of (a) this Agreement or the Security Instruments (b) the Xxxxxxxx Credit Agreement and (c) applicable law, rule, regulation or orderextensions thereof.

Negative Pledge Agreements. The Borrower will not create, incur, assume or suffer to exist any contract, agreement agreement, or understanding (other than this Agreement and the Loan Documents) which in any way prohibits or restricts the granting, conveying, creation creation, or imposition of any Lien on any of its Cash Collateral Account Property or which requires the consent of or notice to other Persons in favor of the Lender; provided, however, that the preceding restrictions will not apply to encumbrances or restrictions arising under or by reason of (a) this Agreement or the Security Instruments (b) the Xxxxxxxx Credit Agreement and (c) applicable law, rule, regulation or orderconnection therewith.

Negative Pledge Agreements. The Borrower will not create, incur, assume or suffer to exist any contract, agreement or understanding (other than the Loan Documents) which in any way prohibits or restricts the granting, conveying, creation or imposition of any Lien on any of its Cash Collateral Account the Properties in favor of the Lender; provided, however, that Agent and the preceding restrictions will not apply Lenders or which requires the consent of or notice to encumbrances or restrictions arising under or by reason of (a) this Agreement or the Security Instruments (b) the Xxxxxxxx Credit Agreement and (c) applicable law, rule, regulation or orderother Persons in connection therewith.

Negative Pledge Agreements. The Borrower will not create, incur, assume or suffer to exist any contract, agreement or understanding which (other than the Loan Documents) that in any way prohibits or restricts the granting, conveying, creation or imposition of any Lien on any of its Cash Collateral Account the Properties or any other assets or properties in favor of the Lender; provided, however, that Lender or which requires the preceding restrictions will not apply consent of or notice to encumbrances or restrictions arising under or by reason of (a) this Agreement or the Security Instruments (b) the Xxxxxxxx Credit Agreement and (c) applicable law, rule, regulation or orderother Persons in connection therewith.