Common use of Negative Pledge Clause in Contracts

Negative Pledge. The Borrower will not, and will not cause or permit any of the Subsidiaries to, create, incur, assume or permit to exist any Lien on any property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Negative Pledge. The Borrower will shall not, and will not cause or nor shall it permit any of the Subsidiaries Subsidiary to, create, issue, incur, assume or permit to exist any Lien Security Interests on any property of their property, undertakings or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:than Permitted Encumbrances.

Negative Pledge. The Borrower will shall not, and will shall not cause or permit any of the its Subsidiaries to, create, incur, assume or permit suffer to exist any Lien (other than Permitted Liens) on any of their property or assets (including Capital Stock assets, tangible or other securities of any Subsidiary or other person) intangible, now owned or hereafter acquired by it acquired, or on any income agree or revenues or rights in respect of any thereof, except:become liable to do so.

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired (other than any shares of stock of the Borrower that are repurchased by it the Borrower and retired or on any income or revenues or rights in respect of any thereofheld by the Borrower), except:

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of their respective assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofor, except:

Negative Pledge. The Borrower Borrowers will not, and will not cause or permit any of the their Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of their assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofor, except:

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofacquired, except:except for the following (collectively, “Permitted Liens”):

Negative Pledge. The Borrower will not, and will not cause or permit any of the Subsidiaries its Subsidiary Guarantors to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofor, except:

Negative Pledge. The Borrower will not, and nor will not cause or it permit any of the Subsidiaries Subsidiary to, contract, create, incur, assume or permit to exist any Lien on any of its respective property or assets (including Capital Stock or other securities of any Subsidiary kind (whether real or other person) personal, tangible or intangible), whether now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofacquired, except:

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofacquired, except:

Negative Pledge. The Borrower will not, and nor will not cause or it permit any of the Subsidiaries Subsidiary to, create, incur, assume incur or permit suffer to exist any Lien on any property or assets (including Capital Stock or other securities in, of any Subsidiary or other person) now owned or hereafter acquired by it or on any income of the Property of the Borrower or revenues or rights in respect any of any thereofits Subsidiaries, except:except for Permitted Encumbrances.

Negative Pledge. The Borrower will not, and will not cause or permit any of the Subsidiaries Non-Altalink Subsidiary to, create, incur, assume or permit suffer to exist any Lien on any property or assets (including Capital Stock or other securities of any Subsidiary or other person) its Assets, whether now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofacquired, except:other than Permitted Liens.

Negative Pledge. The Borrower Borrowers will not, and will not cause or permit any of the their respective Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofor, except:

Negative Pledge. The Borrower will not, shall not and will shall not cause or permit any of the its Material Subsidiaries to, directly or indirectly, create, incur, assume incur or permit suffer to exist any Lien Lien, other than any Permitted Lien, on any property or assets (including Capital Stock or other securities of any Subsidiary or other person) its/their assets, now owned or hereafter acquired by it or on acquired, securing any income or revenues or rights in respect of any thereofRelevant Indebtedness, except:unless the Loan is secured equally and rateably with such other Relevant Indebtedness.

Negative Pledge. The Borrower will not, and nor will not cause or it ---------------- permit any of the its Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any property or assets (including Capital Stock or other securities of any Subsidiary or other person) asset now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofit, except Liens granted under the Security Documents and except:

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights (including, without limitation, in respect the case of the Borrower, the Capital Stock of any thereofFinancial Institution Subsidiary including the Bank of North Carolina), except:

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Consolidated Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofor, except:

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Restricted Subsidiaries to, create, incur, assume or permit suffer to exist any Lien securing Debt on any property or assets (including Capital Stock or other securities of any Subsidiary or other person) asset now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofit, except:

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Subsidiaries (other than Monetization Subsidiaries) to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofacquired, except:

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofacquired, except:except for Permitted Liens.

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Subsidiaries to, create, incur, assume or suffer or permit to exist any Lien (but excluding Liens, if any, evidenced by operating leases) on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofacquired, except:

Negative Pledge. The Neither Borrower will, nor will not, and will not cause or it permit any of the its Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofor, except:

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Domestic Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofor, except:

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Subsidiaries (other than Carrier Enterprise) to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofacquired, except:

Negative Pledge. The Borrower will not, and will not cause or permit any of the Subsidiaries Subsidiary to, create, incur, assume or permit to exist any Lien on any real property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofit, except:

Negative Pledge. The Borrower will not, and will not cause or permit any of the Subsidiaries its Subsidiary Guarantors to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofacquired, except:

Negative Pledge. The Without the prior written consent of Lender, the Borrower will not, and will its direct and indirect Subsidiaries shall not cause or permit any of the Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of their assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofacquired, except:

Negative Pledge. The Borrower will shall not, and will shall not cause or permit any of the Subsidiaries Subsidiary to, create, incur, assume or permit suffer to exist any Lien on upon any property or assets (including Capital Stock or other securities of any Subsidiary or other person) its property, whether now owned or hereafter acquired by it acquired, or on assign or sell any income or revenues (including accounts receivable) or rights in respect of any thereof, except:except for the following (collectively, "Permitted Liens"):

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights (including, without limitation, in respect the case of the Borrower, the Capital Stock of any thereof, Financial Institution Subsidiary including United Community Bank) except:

Negative Pledge. The Borrower will not, and not nor will not cause or it permit any of the its Subsidiaries to, to create, incur, assume or permit suffer to exist any Lien on any property or assets (including Capital Stock or other securities of any Subsidiary or other person) asset now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofit, except:

Negative Pledge. The Borrower will not, and will not cause or --------------- permit any of the its Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofor, except:

Negative Pledge. The Borrower will not, and nor --------------- will not cause or it permit any of the Subsidiaries Subsidiary to, create, incur, assume incur or permit suffer to exist any Lien on any property or assets (including Capital Stock or other securities in, of any Subsidiary or other person) now owned or hereafter acquired by it or on any income of the Property of the Borrower or revenues or rights in respect any of any thereofits Subsidiaries, except:except for Permitted Encumbrances.

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any property or assets (including Capital Stock or other securities of any Subsidiary or other person) its property, whether now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofit, except:except Permitted Liens.

Negative Pledge. The Borrower Borrower, Holdings and International will not, and will not cause or permit any of the their Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofor, except:

Negative Pledge. The Borrower will not, and will not cause or --------------- permit any of the its Consolidated Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofor, except:

Negative Pledge. The Borrower will not, not and will not cause or permit any of the its Subsidiaries to, to create, incur, assume or permit suffer to exist any Lien on any property or assets Property (including Capital Stock including, without limitation, any shares of the capital stock or other securities of any Subsidiary or other personof the Borrower) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofit, except:

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any property or assets (including Capital Stock or other securities of any Subsidiary or other person) its Property now owned or hereafter acquired by it or on any income or revenues or rights (including without limitation in respect the case of the Borrower, the capital stock of any thereofFinancial Institution Subsidiary), except:

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Consolidated Subsidiaries or any Loan Party to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofor, except:

Negative Pledge. The Parent and the Borrower will not, and will not cause or permit any of the Subsidiaries to, create, incur, assume or permit to exist any Lien on any property or assets (including Capital Stock stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Negative Pledge. The Borrower will not, and will not cause or 83 89 permit any of the Subsidiaries to, create, incur, assume or permit to exist any Lien on any property or assets (including Capital Stock stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofor, except:

Negative Pledge. The Borrower will shall not, and will shall not cause or permit any of the its Subsidiaries to, directly or indirectly, create, incurassume, assume incur or permit to exist exist, any Lien on any property of its properties or assets (including Capital Stock or other securities of any Subsidiary or other person) assets, whether now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofacquired, except:except the following (collectively, the “Permitted Liens”):

Negative Pledge. The Borrower Borrowers will not, and will not cause or permit any of the their Domestic Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofacquired, except:except for the following (collectively, “Permitted Liens”):

Negative Pledge. The Borrower will not, and nor will not cause or Borrower permit any of the Subsidiaries Subsidiary to, create, incur, assume assume, permit or permit suffer to exist any Lien on with respect to such Person or any property or assets (including Capital Stock or other securities of any Subsidiary or other person) such Person, whether now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofacquired, except:other than Permitted Liens.

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Significant Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of its property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it the Borrower or on any income or revenues or rights in respect of any thereofits Significant Subsidiaries, except:

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofor, except:except for Permitted Liens.

Negative Pledge. The Borrower will shall not, and will not cause nor shall it permit the Parent or permit any of the its Subsidiaries to, create, issue, incur, assume or permit to exist any Lien Security Interests on any property of their property, undertakings or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:than Permitted Encumbrances.

Negative Pledge. The Borrower will shall not, and will shall not cause or permit any of the Subsidiaries Subsidiary to, create, incur, assume or permit suffer to exist any Lien on upon any of its property or assets (including including, without limitation, the Capital Stock or other securities of any Foreign Subsidiary owned by the Borrower or other person) such Subsidiary), whether now owned or hereafter acquired by it acquired, or on assign or sell any income or revenues (including accounts receivable) or rights in respect of any thereof, except:except for the following (collectively, “Permitted Liens”):

Negative Pledge. The Borrower will not, not and will not cause or permit any of the Restricted Subsidiaries to, directly or indirectly create, incur, assume or permit to exist (upon the happening of a contingency or otherwise) any Lien on or with respect to any property Property or assets asset (including Capital Stock including, without limitation, any document or other securities instrument in respect of goods or accounts receivable) of the Borrower or any Subsidiary or other person) such Restricted Subsidiary, whether now owned or held or hereafter acquired by it acquired, or on any income or revenues or rights in respect of any thereofprofits therefrom, except:

Negative Pledge. The Borrower will shall not, and will shall not cause or permit any of the Subsidiaries Subsidiary to, directly or indirectly, create, incur, assume or permit suffer to exist any Lien on upon any property or assets (including Capital Stock or other securities of any Subsidiary or other person) its property, whether now owned or hereafter acquired by it acquired, or on assign or sell any income or revenues (including accounts receivable) or rights in respect of any thereof, except:except for the following (collectively, "Permitted Liens"):

Negative Pledge. The Borrower will not, and will --------------- not cause or permit any of the its Consolidated Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofor, except:

Negative Pledge. The Borrower will not, and will not cause or permit any of the its consolidated Subsidiaries or any Loan Party to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofor, except:

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofor, except:: Table of Contents

Negative Pledge. The Borrower will not, and nor will not cause or it permit any of the its Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofor, except:

Negative Pledge. The Borrower will not, and --------------- will not cause or permit any of the its Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofacquired, except:

Negative Pledge. The Borrower will not, and will not cause or --------------- permit any of the Subsidiaries to, create, incur, assume or permit to exist any Lien on any property or assets (including Capital Stock stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Negative Pledge. The Borrower will shall not, and will shall not cause or permit any of the its Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on upon or with respect to any property of its properties, revenues or assets (including Capital Stock or other securities of any Subsidiary or other person) assets, whether now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofacquired, except:other than Permitted Liens. (g)

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect acquired, except Liens allowed pursuant to Section 7.2 of any thereof, except:the Syndicated Credit Agreement.

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any property or assets (including Capital Stock or other securities of any Subsidiary or other person) asset now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any property or assets (including Capital Stock or other securities of any Subsidiary or other person) its Property, whether now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofit, except:

Negative Pledge. The Such Borrower will not, and nor will not cause or it permit any of the Subsidiaries Subsidiary to, contract, create, incur, assume or permit to exist any Lien on any of its respective property or assets (including Capital Stock or other securities of any Subsidiary kind (whether real or other person) personal, tangible or intangible), whether now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereofacquired, except:

Negative Pledge. The Borrower will not, and will not cause or permit any of the its Subsidiaries to, create, incur, assume or permit suffer to exist any Lien on any of its assets or property or assets (including Capital Stock or other securities of any Subsidiary or other person) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except:other than Permitted Encumbrances.