Negative Pledge on Real Property. No Loan Party shall create, incur or permit to exist any Lien in, of or on any real property of such Loan Party, other than Permitted Liens that do not secure Funded Indebtedness.
Appears in 2 contracts
Samples: Amendment No. 5 (Superior Energy Services Inc), Credit Agreement (Superior Energy Services Inc)
Negative Pledge on Real Property. No The Loan Party Parties shall not, and shall not permit any Subsidiary, to create, incur incur, assume or permit suffer to exist any Lien in, of or on upon any real property of owned by such Loan Party, other than Permitted Liens that do not secure Funded IndebtednessParty or Subsidiary.
Appears in 2 contracts
Samples: Credit Agreement (Stoneridge Inc), Credit Agreement (Stoneridge Inc)
Negative Pledge on Real Property. No Loan Party shall create, incur or permit to exist any Lien in, of or on any real property of such Loan Party, other than non-consensual Liens arising by statute or operation of law to the extent such Liens are Permitted Liens that do not secure Funded IndebtednessDebt.
Appears in 1 contract
Negative Pledge on Real Property. No Loan Party shall create, incur or permit to exist any Lien in, of or on any real property of such Loan Party, other than Permitted Liens that do not secure Funded IndebtednessLiens.
Appears in 1 contract
Samples: Senior Secured Debtor in Possession Credit Agreement (Superior Energy Services Inc)
