Common use of Negative Pledge Limitation Clause in Contracts

Negative Pledge Limitation. The Company shall not enter into any agreement with any Person, other than the Bank, which prohibits or limits its ability to create, incur, assume, or suffer to exist in favor of the Bank any Lien upon any of its assets, rights, revenues, or property, real, personal, or mixed, tangible or intangible, whether now owned or hereafter acquired.

Appears in 2 contracts

Samples: Credit Agreement (Escalade Inc), Credit Agreement (Escalade Inc)

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Negative Pledge Limitation. The Company shall not enter Enter into any agreement with any Person, person other than the Bank, Banks pursuant hereto which prohibits or limits its the ability of the Company or any Subsidiary to create, incur, assume, assume or suffer to exist in favor of the Bank any Lien upon any of its assets, rights, revenues, revenues or property, real, personal, personal or mixed, tangible or intangible, whether now owned or hereafter acquired.

Appears in 2 contracts

Samples: Credit Agreement (Sos Staffing Services Inc), Credit Agreement (Cambrex Corp)

Negative Pledge Limitation. The Company shall not Except as set forth on Schedule 10.21 and in connection with any Liens permitted pursuant to Section 10.8, enter into any agreement with any Person, Person other than the Bank, Banks pursuant hereto which prohibits or limits its the ability of the Company or any Subsidiary to create, incur, assume, assume or suffer to exist in favor of the Bank any Lien upon any of its assets, rights, revenues, revenues or property, real, personal, personal or mixed, tangible or intangible, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Valassis Communications Inc)

Negative Pledge Limitation. The Company shall not enter Enter into any agreement with any Person, Person other than the Bank, Banks pursuant hereto which prohibits or limits its the ability of the Company or any Subsidiary to create, incur, assume, assume or suffer to exist any Lien in favor of the Bank any Lien Agent and the Banks upon any of its assets, rights, revenues, revenues or property, real, personal, personal or mixed, tangible or intangible, whether now owned or hereafter acquired, except for any such prohibitions or limitations contained in the indenture governing the Senior Unsecured Debt as in effect on the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (National Wine & Spirits Inc)

Negative Pledge Limitation. The Company shall not enter Enter into any agreement with any Person, person other than the Bank, Bank pursuant hereto which prohibits or limits its the ability of the Corporation or any Affiliate to create, incur, assume, assume or suffer to exist in favor of the Bank any Lien upon any of its assets, rights, revenues, revenue or property, real, personal, personal or mixed, tangible or intangible, whether now owned or hereafter acquired.. Hastings Inc. March 26, 2003 Page 28

Appears in 1 contract

Samples: Term Loan and Credit Authorization Agreement (Hastings Manufacturing Co)

Negative Pledge Limitation. The Company shall not enter Enter into any agreement with any Person, person other than the Bank, Agent and the Banks pursuant hereto which prohibits or limits its the ability of any Borrower to create, incur, assume, assume or suffer to exist in favor of the Bank any Lien upon any of its assets, rights, revenues, revenues or property, real, personal, personal or mixed, tangible or intangible, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Handleman Co /Mi/)

Negative Pledge Limitation. The Company shall not enter Enter into any agreement with any Person, person other than the Bank, Bank pursuant hereto which prohibits or limits its the ability of the Parent Guarantor, the Company or such other Guarantor to create, incur, assume, assume or suffer to exist in favor of the Bank any Lien upon any of its assets, rights, revenues, revenues or property, real, personal, personal or mixed, tangible or intangible, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Learning Care Group, Inc)

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Negative Pledge Limitation. The Company shall not enter Enter into any agreement with any Person, person other than the Bank, Bank which prohibits or limits its the ability of the Company or any Subsidiary to create, incur, assume, assume or suffer to exist in favor of the Bank any Lien upon any of its assets, rights, revenues, revenues or property, real, personal, personal or mixed, tangible or intangible, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Patrick Industries Inc)

Negative Pledge Limitation. The Company shall not enter into any agreement with any Personperson, other than the Bank, which prohibits or limits its ability to create, incur, assume, or suffer to exist in favor of the Bank any Lien upon any of its assets, rights, revenues, or property, real, personal, or mixed, tangible or intangible, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Obsidian Enterprises Inc)

Negative Pledge Limitation. The Company shall not enter Enter into any agreement with any Person, person other than the Bank, Lenders pursuant hereto which prohibits or limits its the ability of any Borrower or any Subsidiary to create, incur, assume, assume or suffer to exist in favor of the Bank any Lien upon any of its assets, rights, revenues, revenues or property, real, personal, personal or mixed, tangible or intangible, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Loan Agreement (Iae Inc)

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