Common use of Negative Pledges Clause in Contracts

Negative Pledges. Enter into any agreement limiting the ability of such Borrower or any of its Subsidiaries to (i) voluntarily create Liens upon any of its Property, (ii) pay dividends or make any other Distributions on its Securities; (iii) make loans or advances to any Borrower or any Subsidiary; or (iv) transfer any of its Property to any Borrower or any Subsidiary.

Appears in 5 contracts

Samples: Loan and Security Agreement (Wabash National Corp /De), Loan and Security Agreement (Wabash National Corp /De), Loan and Security Agreement (Wabash National Corp /De)

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Negative Pledges. Enter into any agreement limiting the ability of such any Borrower or any of its Subsidiaries to (i) voluntarily create Liens upon any of its Property, (ii) pay dividends or make any other Distributions on its Securities; (iii) make loans or advances to any Borrower or any Subsidiary; or (iv) transfer any of its Property to any Borrower or any Subsidiary.

Appears in 3 contracts

Samples: Loan and Security Agreement (Mfri Inc), Loan and Security Agreement (Mfri Inc), Loan and Security Agreement (Pw Eagle Inc)

Negative Pledges. Enter into any agreement limiting the ability of such Borrower or any of its Subsidiaries to (i) voluntarily create Liens upon any of its Property, (ii) pay dividends or make any other Distributions on its Securities; (iii) make loans or advances to any Borrower or any Subsidiary; or (iv) transfer any of its Property to any Borrower or any Subsidiary.

Appears in 3 contracts

Samples: Loan and Security Agreement (Pw Eagle Inc), Loan and Security Agreement (Rewards Network Inc), Loan and Security Agreement (Pw Eagle Inc)

Negative Pledges. Enter into any agreement limiting the ability of such any Borrower or any of its Subsidiaries to (i) voluntarily create Liens upon any of its Property, (ii) pay dividends or make any Property other Distributions on its Securities; (iii) make loans or advances to any Borrower or any Subsidiary; or (iv) transfer any of its than Property to any Borrower or any Subsidiarysecuring Permitted Purchase Money Indebtedness.

Appears in 2 contracts

Samples: Loan Agreement (Katy Industries Inc), Loan and Security Agreement (Velocity Express Corp)

Negative Pledges. Enter into any agreement limiting the ability of such Borrower or any of its Subsidiaries to (i) voluntarily create Liens upon any of its Property, (ii) pay dividends or make any other Distributions on its Securities; (iii) make loans or advances to any Borrower or any Subsidiary; or (iv) transfer any of its Property to any Borrower or any Subsidiaryexcept as otherwise provided herein.

Appears in 2 contracts

Samples: Loan and Security Agreement (D & K Healthcare Resources Inc), Loan and Security Agreement (D & K Healthcare Resources Inc)

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Negative Pledges. Enter into any agreement limiting the ability of such any Borrower or any of its Subsidiaries to (i) voluntarily create Liens upon any of its Property, (ii) pay dividends or make any Property other Distributions on its Securities; (iii) make loans or advances than Property securing Permitted Purchase Money Indebtedness and other than pursuant to any Borrower or any Subsidiary; or (iv) transfer any of its Property to any Borrower or any Subsidiarythe Second Lien Documents.

Appears in 2 contracts

Samples: Loan Agreement (Katy Industries Inc), Loan Agreement (Katy Industries Inc)

Negative Pledges. Enter into any agreement limiting the ability of such any Borrower or any of its Restricted Subsidiaries to (i) voluntarily create Liens upon any of its Property, (ii) pay dividends other than Property secured by a Purchase Money Lien and leased or make any other Distributions on its Securities; (iii) make loans or advances to any Borrower or any Subsidiary; or (iv) transfer any of its Property to any Borrower or any Subsidiarylicensed Property.

Appears in 1 contract

Samples: Loan and Security Agreement (Truserv Corp)

Negative Pledges. Enter into any agreement limiting the ---------------- ability of such any Borrower or any of its Subsidiaries to (i) voluntarily create Liens upon any of its Property, (ii) pay dividends or make any Property other Distributions on its Securities; (iii) make loans or advances to any Borrower or any Subsidiary; or (iv) transfer any of its than Property to any Borrower or any Subsidiary.securing Permitted Purchase Money Indebtedness..

Appears in 1 contract

Samples: Loan and Security Agreement (Velocity Express Corp)

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