Negative Pledges. (a) Each of the Company and any Restricted Subsidiary shall not enter into or permit to exist any Contractual Obligation that restricts in any way the ability of any Credit Party to grant any Lien on its assets in favor of the Secured Creditors with respect to the Obligations or under the Security Documents, other than pursuant to any intercreditor agreement contemplated by this Agreement.
Appears in 8 contracts
Samples: Credit Agreement (SunOpta Inc.), Credit Agreement (SunOpta Inc.), Second Restatement Agreement (SunOpta Inc.)
Negative Pledges. (a) Each of the Company and any Restricted Subsidiary shall not enter into agree or permit covenant with any Person to exist any Contractual Obligation that restricts restrict in any way the its ability of any Credit Party to grant any Lien on its assets in favor of the Secured Creditors with respect to the Obligations or under the Security DocumentsLenders, other than pursuant to any intercreditor agreement contemplated by this Agreement.agreement, and except that this Section 10.10 shall not apply to:
Appears in 6 contracts
Samples: Fourth Amendment (Resolute Forest Products Inc.), Credit Agreement (Resolute Forest Products Inc.), Credit Agreement (Resolute Forest Products Inc.)
Negative Pledges. (a) Each of the Company Borrower and any Restricted Subsidiary shall not enter into or permit to exist any Contractual Obligation that restricts in any way the ability of any Credit Party to grant any Lien on its assets in favor of the Secured Creditors with respect to the Obligations or under the Security Documents, other than pursuant to any intercreditor agreement contemplated by this Agreement.
Appears in 1 contract
Samples: Junior Priority Intercreditor Agreement (SunOpta Inc.)
