Common use of Negative Pledge Clauses Clause in Contracts

Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of any Loan Party to create, incur, assume or suffer to exist any Lien upon any of its property or revenues, whether now owned or hereafter acquired, to secure its Obligations under the Loan Documents to which it is a party, other than (a) this Agreement and the other Loan Documents, and (b) pursuant to agreements entered into in accordance with Sections 7.2 and 7.3.

Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of any Loan Party Group Member to create, incur, assume or suffer to exist any Lien upon any of its property or revenues, whether now owned or hereafter acquired, to secure its Obligations obligations under the Loan Documents to which it is a party, party other than (a) this Agreement and the other Loan Documents, Documents and (b) pursuant to any agreements entered into governing any purchase money Liens or Capitalized Lease Obligations otherwise permitted hereby (in accordance with Sections 7.2 and 7.3which case, any prohibition or limitation shall only be effective against the assets financed thereby).

Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the its ability of any Loan Party to create, incur, assume or suffer to exist any Lien upon any of its property or revenues, whether now owned or hereafter acquired, to secure its Obligations under the Loan Documents to which it is a party, other than (a) this Agreement and the other Loan Documents, and (b) pursuant to agreements entered into in accordance with Sections 7.2 and 7.3.

Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of any Loan Company Party to create, incur, assume or suffer to exist any Lien upon any of its property or revenues, whether now owned or hereafter acquired, to secure its Obligations under the Loan Documents to which it is a party, other than (ai) this Agreement and the other Loan Documents, Financing Documents and (bii) pursuant to any agreements entered into governing any Purchase Money Mortgages or Capital Lease Obligations otherwise permitted hereby (in accordance with Sections 7.2 and 7.3which case, any prohibition or limitation shall only be effective against the assets financed thereby).

Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of any Loan Party Parties to create, incur, assume or suffer to exist any Lien upon any of its property or revenues, whether now owned or hereafter acquired, to secure its Obligations under the Loan Documents to which it is a party, other than (a) this Agreement and the other Loan Documents, Documents and (b) pursuant to any agreements entered into governing any purchase money Liens or Capital Lease Obligations otherwise permitted hereby (in accordance with Sections 7.2 and 7.3which case, any prohibition or limitation shall only be effective against the assets financed thereby).

Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of any Loan Covered Party to create, incur, assume or suffer to exist any Lien upon any of its property or revenues, whether now owned or hereafter acquired, to secure its Obligations under the Loan Documents to which it is a party, other than (a) this Agreement and the other Loan Documents, Documents and (b) pursuant to any agreements entered into governing any purchase money Liens or Capital Lease Obligations otherwise permitted hereby (in accordance with Sections 7.2 and 7.3which case, any prohibition or limitation may only be effective against the assets financed thereby).

Negative Pledge Clauses. Enter into or suffer permit to exist or become effective any agreement or other arrangement that prohibits prohibits, limits or limits imposes any condition on the ability of any Loan Party to create, incur, assume or suffer to exist any Lien upon any of its property Property or revenues, whether now owned or hereafter acquired, to secure its Obligations under the Loan Documents to which it is a party, other than (a) this Agreement and the other Loan Documents, Documents and (b) pursuant to any agreements entered into governing any purchase money Liens or Capital Lease Obligations otherwise permitted hereby (in accordance with Sections 7.2 and 7.3which case, any prohibition or limitation shall only be effective against the assets financed thereby).

Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of any Loan Party to create, incur, assume or suffer to exist any Lien upon any of its property Property or revenues, whether now owned or hereafter acquired, to secure the Obligations or, in the case of any Pledgor, its Obligations respective obligations under the Loan Documents to which it is a partyPledge Agreement, other than (a) this Agreement and the other Loan Documents, and (b) pursuant to agreements entered into in accordance with Sections 7.2 and 7.3.

Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of any Loan Party to create, incur, assume or suffer to exist any Lien upon any of its property or revenuesthe Collateral, whether now owned or hereafter acquired, to secure its Obligations under the Loan Documents to which it is a party, other than (a) this Agreement and the other Loan Documents, and (b) pursuant to agreements entered into in accordance with Sections 7.2 and 7.3.

Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of any Loan Party to create, incur, assume or suffer to exist any Lien upon any of its property or revenues, whether now owned or hereafter acquired, to secure its Obligations under the Loan Documents to which it is a party, other than (a) this Agreement and the other Loan Documents, and (b) pursuant to agreements entered into in accordance with Sections 7.2 and, 7.3 and 7.37.5.

Negative Pledge Clauses. Enter into or suffer to exist or become ----------------------- effective any agreement that prohibits or limits the ability of any Loan Party to create, incur, assume or suffer to exist any Lien upon any of its property or revenues, whether now owned or hereafter acquired, to secure its Obligations obligations under the Loan Documents to which it is a party, party other than (a) this Agreement and the other Loan Documents, Documents and (b) pursuant to any agreements entered into governing any purchase money Liens or Capital Lease Obligations otherwise permitted hereby (in accordance with Sections 7.2 and 7.3which case, any prohibition or limitation shall only be effective against the assets financed thereby).

Negative Pledge Clauses. Enter into or cause, suffer or permit ----------------------- to exist or become effective any agreement that with any Person other than the Agent and the Lenders pursuant to this Agreement or any other Loan Documents which prohibits or limits the ability of any Loan Party of the Borrower or any Subsidiary to create, incur, assume or suffer to exist any Lien upon any of its property property, assets or revenues, whether now owned or hereafter acquired; provided, however, that nothing herein shall -------- ------- limit the right of the Borrower and its Subsidiaries to secure its Obligations agree not to assign their rights under the Loan Documents any contract or agreement to which it is they are a party, other than (a) this Agreement and the other Loan Documents, and (b) pursuant to agreements entered into in accordance with Sections 7.2 and 7.3.

Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of any Loan Party to create, incur, assume or suffer to exist any Lien upon any of its property or revenuesProperty, whether now owned or hereafter acquired, to secure the Obligations or, in the case of any Subsidiary Guarantor, its Obligations obligations under the Loan Documents to which it is a partyGuarantee and Collateral Agreement, other than (a) than: 370. this Agreement and Agreement, the other Loan Documents, Documents and (b) pursuant to agreements entered into in accordance with Sections 7.2 and 7.3.any Intercreditor Agreement;

Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of any Loan Party to create, incur, assume or suffer to exist any Lien upon any of its property or revenues, whether now owned or hereafter acquired, to secure its Obligations under the Loan Documents to which it is a party, other than (a) this Agreement and the other Loan Documents, and (b) pursuant to any agreements entered into governing any purchase money Liens or Capital Lease Obligations otherwise permitted hereby (in accordance with Sections 7.2 and 7.3.which case, any prohibition or limitation shall only be effective against

Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of any Loan Party to create, incur, assume or suffer to exist any Lien upon any of its property or revenues, whether now owned or hereafter acquired, to secure its Obligations obligations under the Loan Documents to which it is a party, party other than (a) this Agreement and the other Loan Documents, Documents and (b) pursuant to any agreements entered into governing any purchase money Liens or Capital Lease Obligations otherwise permitted hereby (in accordance with Sections 7.2 and 7.3which case, any prohibition or limitation shall only be effective against the assets financed thereby).

Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of any Loan Party to create, incur, assume or suffer to exist any Lien upon any of its property or revenues, whether now owned or hereafter acquired, to secure its Obligations obligations under the Loan Documents to which it is a party, party other than (a) this Agreement and the other Loan Documents, Documents and (b) pursuant to any agreements entered into governing any purchase money Liens or Capital Lease Obligations not prohibited hereby (in accordance with Sections 7.2 and 7.3which case, any prohibition or limitation shall only be effective against the assets financed thereby).

Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of any Loan Party to create, incur, assume or suffer to exist any Lien upon any of its property Property or revenues, whether now owned or hereafter acquired, to secure its Obligations under the Loan Documents to which it is a party, other than (a) this Agreement and the other Loan Other Documents, and (b) pursuant to any agreements entered into governing any Purchase Money Obligations or Capital Lease Obligations otherwise permitted hereby (in accordance with Sections 7.2 and 7.3which case, any prohibition or limitation shall only be effective against the assets financed thereby).

Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of such Guarantor or any Loan Party of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its property or revenues, whether now owned or hereafter acquired, to secure its Obligations obligations under the Loan Documents to which it is a party, other than (a) this Agreement Guarantee and the other Loan Documents, and (b) pursuant to agreements entered into in accordance with Sections 7.2 and 7.3.

Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of any Loan Party to create, incur, assume or suffer to exist any Lien upon any of its property or revenues, whether now owned or hereafter acquired, to secure its Obligations under the Loan Documents to which it is a party, other than (a) this Agreement and Agreement, the other Loan Documents, Documents and the OTC Long Term Note; (b) pursuant to any agreements entered into governing any purchase money Liens or Capital Lease Obligations otherwise permitted by Section 8 (in accordance with Sections 7.2 and 7.3.which case, any prohibition or limitation shall only be effective against the assets financed thereby);

Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of any Loan Party to create, incur, assume or suffer to exist any Lien upon any of its property or revenues, whether now owned or hereafter acquired, to secure its Obligations under the Loan Documents to which it is a party, other than (a) this Agreement and Agreement, the other Loan Documents, Documents and the OTC Long Term Note; (b) pursuant to any agreements entered into governing any purchase money Liens or Capital Lease Obligations otherwise permitted by Section 9 (in accordance with Sections 7.2 and 7.3.which case, any prohibition or limitation shall only be effective against the assets financed thereby);

Negative Pledge Clauses. Enter into or cause, suffer or permit to exist or become effective any agreement that with any Person other than the Agent and the Lenders pursuant to this Agreement or any other Loan Documents which prohibits or limits the ability of any Loan such Credit Party to create, incur, assume or suffer to exist any Lien upon any of its property property, assets or revenues, whether now owned or hereafter acquired, to secure its Obligations under the Loan Documents to which it is a party, other than (a) this Agreement and the other Loan Documents, and (b) pursuant to agreements entered into in accordance with Sections 7.2 and 7.3.;