Common use of Negative Pledge Limitation Clause in Contracts

Negative Pledge Limitation. Enter into any agreement with any person other than the Banks pursuant hereto which prohibits or limits the ability of the Company or any 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 2 contracts

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

AutoNDA by SimpleDocs

Negative Pledge Limitation. Enter The Company shall not enter into any agreement with any person Person, other than the Banks pursuant hereto Bank, which prohibits or limits the its 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 (Escalade Inc), Credit Agreement (Escalade Inc)

Negative Pledge Limitation. Enter The Company shall not enter into any agreement with any person person, other than the Banks pursuant hereto Bank, which prohibits or limits the its 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 (Obsidian Enterprises Inc)

AutoNDA by SimpleDocs

Negative Pledge Limitation. Enter into any agreement with any person other than the Banks pursuant hereto Bank which prohibits or limits the ability of the Company or any 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 1 contract

Samples: Credit Agreement (Patrick Industries Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.