Common use of Negative Pledge Limitation Clause in Contracts

Negative Pledge Limitation. Enter into any agreement with any person other than Bank pursuant hereto which prohibits or limits the ability of Borrower or any Subsidiary to create, incur, assume or suffer to exist any lien upon any of the assets, rights, revenues or property, whether real, personal or mixed, whether tangible or intangible, and whether now owned or hereafter acquired.

Appears in 5 contracts

Samples: Loan Agreement (SCB Computer Technology Inc), Loan Agreement (SCB Computer Technology Inc), Loan Agreement (SCB Computer Technology Inc)

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Negative Pledge Limitation. Enter into any agreement with any person other than the Bank pursuant hereto which prohibits or limits the ability of Borrower the Company or any Subsidiary to create, incur, assume or suffer to exist any lien Lien upon any of the its assets, rights, revenues or property, whether real, personal or mixed, whether tangible or intangible, and whether now owned or hereafter acquired.

Appears in 2 contracts

Samples: Loan Agreement (Ajk Enterprises Inc), Letter Agreement (Hastings Manufacturing Co)

Negative Pledge Limitation. Enter into any agreement Agreement with any person other than Bank the Banks pursuant hereto which prohibits or limits the ability of Borrower the Company or any Subsidiary to create, incur, assume or suffer to exist any lien Lien upon any of the its assets, rights, revenues or property, whether real, personal or mixed, whether tangible or intangible, and whether now owned or hereafter acquired.

Appears in 2 contracts

Samples: Credit and Intercreditor Agreement (Amcast Industrial Corp), Credit and Intercreditor Agreement (Amcast Industrial Corp)

Negative Pledge Limitation. Enter into any agreement agreement, with any person person, other than Bank the Lenders pursuant hereto and in connection with the Private Placement Debt, which prohibits or limits the ability of the Borrower or any Subsidiary to create, incur, assume or suffer to exist any lien Lien upon any of the its assets, rights, revenues or property, whether real, personal or mixed, whether tangible or intangible, and whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Short Term Credit Agreement (National Auto Credit Inc /De)

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Negative Pledge Limitation. Enter into any agreement Agreement, with any person other than Bank the Banks pursuant hereto hereto, which prohibits or limits the ability of Borrower the Company or any Subsidiary to create, incur, assume or suffer to exist any lien Lien upon any of the its assets, rights, revenues or property, whether real, personal or mixed, whether tangible or intangible, and whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Monarch Machine Tool Co)

Negative Pledge Limitation. Enter into any agreement with any person other than Bank pursuant hereto which prohibits or limits the ability of Borrower Borrower, Subsidiary or any Subsidiary Guarantor to create, incur, assume or suffer to exist any lien upon any of the assetsCollateral, rightsincluding without limitation, revenues or property, whether real, personal or mixed, whether tangible or intangible, and whether now owned or hereafter acquiredthe Equipment.

Appears in 1 contract

Samples: Loan Agreement (SCB Computer Technology Inc)

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