Common use of Negative Pledge Limitation Clause in Contracts

Negative Pledge Limitation. Enter into any agreement with any Person, other than the Lenders or the Agent pursuant hereto and other than the existing provisions without amendment contained in the Lobdxxx Xxxferred Stock Documents and in the agreements listed on Schedule 5.2(o), which prohibits or limits the ability of the Company or any Restricted Subsidiary to create, incur, assume or suffer to exist 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 5 contracts

Samples: Security Agreement (BMG North America LTD), Credit Agreement (BMG North America LTD), Credit Agreement (Oxford Automotive Inc)

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Negative Pledge Limitation. Enter into any agreement with any Person, other than the Lenders or the Agent pursuant hereto and other than the existing provisions without amendment contained in the Lobdxxx Xxxferred Stock Documents and in the agreements listed on Schedule 5.2(o), which prohibits or limits the ability of the Company or any Restricted Subsidiary to 66 72 create, incur, assume or suffer to exist 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 (Prudenville Manufacturing Inc)

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