Common use of Negative Pledge Clause in Contracts

Negative Pledge. (a) The Borrower shall not create or permit to subsist any Security over any of its assets.

Appears in 14 contracts

Samples: Facility Agreement, ah.turku.fi, Facility Agreement (Cobalt International Energy, Inc.)

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Negative Pledge. (a) The Borrower shall not create or permit to subsist any Security over any of its assetsassets other than such Security as agreed between the Lender and the Borrower.

Appears in 14 contracts

Samples: Credit Facility Agreement (Shell Midstream Partners, L.P.), Facility Agreement, Revolving Credit Facility Agreement (Shell Midstream Partners, L.P.)

Negative Pledge. (a) The Borrower shall not (and the Borrower shall ensure that no other member of the Group will) create or permit to subsist any Security over any of its assets.

Appears in 11 contracts

Samples: Agreement (Mobile Telesystems Ojsc), Agreement (Mobile Telesystems Ojsc), Agreement (Mobile Telesystems Ojsc)

Negative Pledge. (a) The No Obligor shall (and the Borrower shall not ensure that no other member of the Borrower Group will) create or permit to subsist any Security over any of its assets.

Appears in 6 contracts

Samples: Restatement Agreement (Las Vegas Sands Corp), Agreement (Las Vegas Sands Corp), Agreement (Las Vegas Sands Corp)

Negative Pledge. (a) The Borrower shall not (and the Borrower shall ensure that no Material Subsidiary will) create or permit to subsist any Security over any of its assetsassets to secure Financial Indebtedness.

Appears in 6 contracts

Samples: Agreement (Sap France S.A.), Agreement (Sap Aktiengesellschaft Systems Applications Products in Data), Agreement (Saturn Expansion Corp)

Negative Pledge. (a) The Borrower shall not (and shall ensure that none of its Principal Subsidiaries will) create or permit to subsist any Security over any of its assets.

Appears in 4 contracts

Samples: Agreement (Lafarge), Agreement (Lafarge), Agreement (Lafarge)

Negative Pledge. (a) The Borrower shall not create or permit to subsist any Security mortgage, pledge, lien, charge, assignment, hypothecation or any other security interest over any of its assets.assets or property except:

Appears in 4 contracts

Samples: Export Finance Facility Agreement, Pre Export Finance Facility Agreement (Canuelas Mill S.A.C.I.F.I.A.), Pre Export Finance Facility Agreement (Canuelas Mill S.A.C.I.F.I.A.)

Negative Pledge. (a) The Borrower shall not (and shall procure that no other Group Company shall) create or permit to subsist any Security over any of its assets.

Appears in 4 contracts

Samples: Brenmiller Energy Ltd., Inventiva S.A., Cellectis S.A.

Negative Pledge. (a) The Borrower shall not (and shall ensure that no other member of the Group will) create or permit to subsist any Security over any of its assets.

Appears in 4 contracts

Samples: Facility Agreement (AstraZeneca Biopharmaceuticals Inc.), Facility Agreement (Mobifon Holdings Bv), Facility Agreement (MediaRing LTD)

Negative Pledge. (a) 20.4.1. The Borrower shall not create or permit to subsist any Security over any of its assets.

Appears in 4 contracts

Samples: Harmony Gold Mining Co LTD, Harmony Gold Mining Co LTD, Harmony Gold Mining Co LTD

Negative Pledge. (a) The Borrower shall not create or permit to subsist any Security over any of its assetsassets other than such Security (a) securing obligations under capital leases and (b) such other Security as agreed between the Lender and the Borrower.

Appears in 3 contracts

Samples: Credit Facility Agreement (BP Midstream Partners LP), Agreement (BP Midstream Partners LP), www.sec.gov

Negative Pledge. (a) The Borrower shall not create or permit to subsist any Security over any of its assetsBorrower Security Property.

Appears in 3 contracts

Samples: Facility Agreement, Facility Agreement (Teekay Corp), Facility Agreement (Teekay LNG Partners L.P.)

Negative Pledge. (a) The Borrower shall not create or permit to subsist any Security over any of its assetsassets (save any Permitted Encumbrances, the Existing Encumbrances or any Security constituted by the Security Documents) without prior written approval of the Agent (acting on the instructions of the Majority Lenders).

Appears in 2 contracts

Samples: Facility Agreement (Videocon D2h LTD), Sesa Sterlite LTD

Negative Pledge. (a) The Borrower shall not (and shall procure that none of its Subsidiaries shall) create or permit to subsist any Security over any of its assets.

Appears in 2 contracts

Samples: Contract (CureVac B.V.), www.keionline.org

Negative Pledge. (a) The Borrower shall not create or permit to subsist any Security over the Vessel, the Earnings, Insurances, the Earnings Accounts, the Intercompany Claims nor upon any of its present or future assets., rights or revenues (including, without limitation, accounts receivable), other than:

Appears in 2 contracts

Samples: Assignment Agreement (DHT Holdings, Inc.), Assignment Agreement (DHT Holdings, Inc.)

Negative Pledge. (a) The Borrower Borrowers shall not create or permit to subsist any Security over the Vessels or any of its their assets.

Appears in 2 contracts

Samples: Agreement (DHT Holdings, Inc.), Agreement (DHT Holdings, Inc.)

Negative Pledge. (a) The Save for any lien arising by operation of law, the Borrower shall not create or permit to subsist any Security security over any of its assets.assets other than:

Appears in 2 contracts

Samples: Loan Agreement (NeoGames S.A.), Loan Agreement (NeoGames S.A.)

Negative Pledge. (a) The Borrower shall not create or permit to subsist any Security or Quasi Security over any of its assets.

Appears in 2 contracts

Samples: Facility Agreement, Facility Agreement (Cordlife Group LTD)

Negative Pledge. (a) 22.5.1 The Borrower shall not create or permit to subsist any Security over any of its assets.

Appears in 2 contracts

Samples: And Restatement Agreement (MIE Holdings Corp), Shares Purchase Agreement (MIE Holdings Corp)

Negative Pledge. (a) The Borrower Borrowers shall not create or permit to subsist any Security over any of its their present or future undertakings, property, assets, rights or revenues being subject to any Security Document, except for Permitted Encumbrances.

Appears in 2 contracts

Samples: Credit Facilities Agreement, Credit Facilities Agreement (KNOT Offshore Partners LP)

Negative Pledge. (a) The Borrower shall not create or permit to subsist any Security over any of its assetsassets or revenues.

Appears in 2 contracts

Samples: Assignment Agreement (Grindrod Shipping Holdings Ltd.), Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.)

Negative Pledge. (a) The Borrower Borrowers shall not create or permit to subsist any Security over the Vessels or any of its assets.

Appears in 2 contracts

Samples: Loan Facility Agreement (DHT Holdings, Inc.), Term Loan Facilities Agreement (DHT Holdings, Inc.)

Negative Pledge. (a) The No Borrower shall not will create or permit to subsist any Security over any of its assets.

Appears in 1 contract

Samples: Management Agreement (Diana Shipping Inc.)

Negative Pledge. e) Except as permitted under paragraph (ab) The below, the Borrower shall not create or permit to subsist any Security over any of its assets.

Appears in 1 contract

Samples: Credit Facility Agreement (Foundation Medicine, Inc.)

Negative Pledge. (a) 10.15.1 The Borrower shall shall, not create or permit to subsist any Security over any of its assetsAssets.

Appears in 1 contract

Samples: MiX Telematics LTD

Negative Pledge. (a) The Borrower shall will not create or agree to create or permit to subsist any Security Interest over any part of its assets., other than:

Appears in 1 contract

Samples: Loan Agreement (KNOT Offshore Partners LP)

Negative Pledge. (a) The Borrower shall not create or permit to subsist any Security over all or any part of its assetsthe Charged Assets, or incur (or agree to incur) or have outstanding, any Financial Indebtedness secured by the Charged Assets.

Appears in 1 contract

Samples: Agreement (Micron Technology Inc)

Negative Pledge. (a) The Borrower shall not create or permit to subsist any Security over any of its assetsassets other than such Security (a) securing obligations under capital leases and (b) as agreed between the Lender and the Borrower.

Appears in 1 contract

Samples: Term Loan Facility Agreement (BP Midstream Partners LP)

Negative Pledge. (a) The Borrower shall not create or permit to subsist any Security over Interest on any of its assetsthe Charged Assets.

Appears in 1 contract

Samples: Eagle Geophysical Inc

Negative Pledge. (a) The Borrower shall not create or permit to subsist any Security over Interest on any of its assets.

Appears in 1 contract

Samples: Credit Agreement (British Energy Group PLC)

Negative Pledge. (a) The Borrower shall not not, and shall procure that none of its Subsidiaries will, create or permit to subsist any Security over Interest on any of its assets.

Appears in 1 contract

Samples: Supplemental Agreement (Yorkshire Power Group LTD)

Negative Pledge. (a) The 18.4 Each Relevant Borrower undertakes that it shall not create or permit to subsist any Security Interest over any of its assets.assets other than any Permitted Lien. Preservation of security

Appears in 1 contract

Samples: Facility Agreement (AerCap Holdings N.V.)

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Negative Pledge. (a) 23.4.1 The Borrower shall not create or permit to subsist any Security over any of its assets.

Appears in 1 contract

Samples: Agreement (Morgans Hotel Group Co.)

Negative Pledge. (a) The Borrower shall not create create, assume or permit to subsist any Security over (i) any of its assetsassets charged under the PEM Charge, or (ii) its rights title and interest in and to the Lease, or (iii) any of its bank accounts.

Appears in 1 contract

Samples: Facility Agreement (First Solar, Inc.)

Negative Pledge. (a) The Neither the Borrower nor any of its Material Subsidiaries shall not create or permit to subsist any Security over any of its assets.

Appears in 1 contract

Samples: Term Facility Agreement (Cadence Design Systems Inc)

Negative Pledge. (a) The Borrower shall not (and shall ensure that no Material Subsidiary will) create or permit to subsist any Security over any of its assets.

Appears in 1 contract

Samples: Agreement (Ship Acquisition Inc.)

Negative Pledge. (a) The Other than security interests permitted or contemplated pursuant to the terms hereof the Borrower shall not create or permit to subsist any Security security interest over any of its assets.

Appears in 1 contract

Samples: Agreement (Anthracite Capital Inc)

Negative Pledge. (a) The Borrower shall not create or permit to subsist any Security over Interest on any of its assetsSecurity Asset except for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Genicom Corp)

Negative Pledge. (a) The Borrower shall not create or permit to subsist any Security Interest over any of its assets.

Appears in 1 contract

Samples: Fundco Facility Agreement

Negative Pledge. (a) The Borrower shall not create or permit to subsist any Security security interest over any of its assetsassets and shall procure that the Guarantor does not create any new security interest.

Appears in 1 contract

Samples: Convertible Loan Agreement (VDA GROUP S.p.A.)

Negative Pledge. (a) The Borrower shall not not, and shall procure that no Material Subsidiary will, create or permit to subsist any Security over Interest in respect of Financial Indebtedness on any of its assets.

Appears in 1 contract

Samples: Agreement (Schneider Electric Sa)

Negative Pledge. (a) The Borrower shall not create or permit to subsist any Security security over any of its assets.

Appears in 1 contract

Samples: House Crowd Finance LTD

Negative Pledge. (a) The Borrower shall not (and shall ensure that no Subsidiary will) create or permit to subsist any Security over any of its assets.

Appears in 1 contract

Samples: Loan Facility Agreement (Affinia Group Intermediate Holdings Inc.)

Negative Pledge. (a) The Borrower shall not, and procure the Company not to, create or permit to subsist any Security over any of its respective assets.

Appears in 1 contract

Samples: Senior Facilities Agreement (Net 1 Ueps Technologies Inc)

Negative Pledge. (a) The Borrower shall not create or permit to subsist any Security over any of its assets.assets other than as follows:

Appears in 1 contract

Samples: Capital Facility Agreement (Shell Midstream Partners, L.P.)

Negative Pledge. (a) The Borrower shall not (and shall ensure that no Material Subsidiary (other than an Unrestricted Subsidiary) will) create or permit to subsist any Security over any of its assets.

Appears in 1 contract

Samples: Stats Chippac Ltd.

Negative Pledge. (a) 16.10.1 The Borrower shall not create or permit to subsist any Security over Interest on any of its assets.

Appears in 1 contract

Samples: Agreement

Negative Pledge. (a) 18.3.1 The Borrower shall not create or permit to subsist any Security over any of its assets.

Appears in 1 contract

Samples: Facility Agreement (Nbty Inc)

Negative Pledge. (a) The Borrower shall not create or permit to subsist any Security Interest (other than Permitted Security) over any of its assets.

Appears in 1 contract

Samples: Agreement (Corgi International LTD)

Negative Pledge. (a) The Borrower shall not create or permit to subsist any Security over any of its assetsassets other than any Security created pursuant to the Deed of Charge.

Appears in 1 contract

Samples: Facilities Agreement (Exide Corp)

Negative Pledge. (a) The Borrower shall not create or permit to subsist any Security over any of its assets.over:

Appears in 1 contract

Samples: Facility Agreement (KNOT Offshore Partners LP)

Negative Pledge. (a) The Borrower shall not create or permit to subsist any Security over Interest on any of its assetsSecurity Assets (as defined in the Deed of Charge) other than such as may be effected by the Deed of Charge.

Appears in 1 contract

Samples: Agreement (First Alliance Corp /De/)

Negative Pledge. (a) The Borrower shall not (and shall ensure that no Group Company will) create or permit to subsist any Security over any of its assets., except:

Appears in 1 contract

Samples: Loan Agreement (Mylan N.V.)

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