Common use of Negative Pledges Clause in Contracts

Negative Pledges. Each of the Loan Parties covenants and agrees that it shall not, and shall not permit any of its Subsidiaries to, enter into any Agreement with any Person which, in any manner, whether directly or contingently, prohibits, restricts or limits the right of any of the Loan Parties from granting any Liens to the Lender.

Appears in 5 contracts

Samples: Credit Agreement (Park Electrochemical Corp), Credit Agreement (Park Electrochemical Corp), Credit Agreement (DSW Inc.)

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Negative Pledges. Each of the Loan Parties covenants and agrees that it shall not, and shall not permit any of its Subsidiaries to, enter into any Agreement with any Person which, in any manner, whether directly or contingently, prohibits, restricts or limits the right of any of the Loan Parties from granting any Liens to the LenderAdministrative Agent or the Lenders.

Appears in 3 contracts

Samples: Revolving Credit Facility (Retail Ventures Inc), Revolving Credit Facility (DSW Inc.), Revolving Credit Facility (DSW Inc.)

Negative Pledges. Each of the Loan Parties covenants and agrees that it shall not, and shall not permit any of its Subsidiaries to, enter into any Agreement agreement with any Person which, in any manner, whether directly or contingently, prohibits, restricts or limits the right of any of the Loan Parties from granting any Liens to the LenderAdministrative Agent or the Lenders, except Liens permitted pursuant to Section 7.2.1 [Liens].

Appears in 3 contracts

Samples: Revolving Credit Facility (Mine Safety Appliances Co), Revolving Credit Facility (Allegheny Technologies Inc), Credit Agreement (Allegheny Technologies Inc)

Negative Pledges. Each of the Loan Parties covenants and agrees that it shall not, and shall not permit any of its Subsidiaries (other than Excluded Subsidiaries) to, enter into any Agreement contract, document or agreement with any Person which, in any manner, whether directly or contingently, prohibits, restricts or limits the right of any of the Loan Parties from granting any Liens in the Collateral to the LenderAdministrative Agent or the Lenders.

Appears in 2 contracts

Samples: Revolving Credit Facility (Finish Line Inc /In/), Credit Agreement (Finish Line Inc /In/)

Negative Pledges. Each of the Loan Parties covenants and agrees that that, other than this Agreement, it shall not, and shall not permit any of its Subsidiaries to, enter into any Agreement agreement, commitment, promise or other obligation, contingent or otherwise, with any Person which, in any manner, whether directly or contingently, which prohibits, restricts or limits the right of any of the Loan Parties or their Subsidiaries (including both Foreign Subsidiaries and domestic Subsidiaries) from granting any Liens in their assets or their ownership interests to the LenderAgent or the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Blair Corp)

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Negative Pledges. Each of the Loan Parties covenants and agrees that it shall not, and shall not permit any of its Subsidiaries to, enter into any Agreement agreement with any Person which, in any manner, whether directly or contingently, prohibits, restricts or limits the right of which prohibits any of the Loan Parties from granting any Liens to the LenderAgent or the Banks except for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Internet Capital Group Inc)

Negative Pledges. Each of the Loan Parties covenants and agrees that it shall not, and shall not permit any of its Subsidiaries to, enter into any Agreement agreement with any Person which, in any manner, whether directly or contingently, prohibits, restricts or limits the right of which prohibits any of the Loan Parties from granting any Liens to the LenderAdministrative Agent or the Banks except for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Internet Capital Group Inc)

Negative Pledges. Each of the Loan Parties covenants and agrees that it shall not, and shall not permit any of its Subsidiaries to, enter into any Agreement agreement with any Person which, in any manner, whether directly or contingently, prohibits, restricts or limits the right of which prohibits any of the Loan Parties from granting any Liens to the LenderAgent or the Banks other than shareholder or other similar agreements which in each instance pertain to solely those Permitted Investments described at Clauses (vii) and (ix) of the definition of such term.

Appears in 1 contract

Samples: Convertible Revolving Credit Facility (Ptek Holdings Inc)

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