Common use of No Burdensome Restrictions Clause in Contracts

No Burdensome Restrictions. No Borrower is party to any contract or agreement the performance of which could have a Material Adverse Effect on such Borrower. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 18 contracts

Samples: Loan and Security Agreement (Bio Reference Laboratories Inc), Revolving Credit and Security Agreement (Franklin Electronic Publishers Inc), Revolving Credit, Term Loan and Security Agreement (Semx Corp)

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No Burdensome Restrictions. No Borrower is party to any contract or agreement the performance of which could reasonably be expected to have a Material Adverse Effect on such BorrowerEffect. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 17 contracts

Samples: Revolving Credit, Term Loan, Guaranty and Security Agreement (Dril-Quip Inc), Revolving Credit, Term Loan, Guaranty and Security Agreement (Dril-Quip Inc), Revolving Credit, Term Loan, Guaranty and Security Agreement (Dril-Quip Inc)

No Burdensome Restrictions. No Borrower is party to any contract or agreement the performance of which could have a Material Adverse Effect on such BorrowerEffect. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 7 contracts

Samples: Revolving Credit and Security Agreement (Lesco Inc/Oh), Revolving Credit and Security Agreement (Lesco Inc/Oh), Revolving Credit, Term Loan and Security Agreement (Lesco Inc/Oh)

No Burdensome Restrictions. No Borrower is not party to any contract or agreement the performance of which could reasonably be expected to have a Material Adverse Effect on such Borrower. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 5 contracts

Samples: Revolving Credit and Security Agreement (Cygne Designs Inc), Loan Agreement (McMS Inc /De/), Loan Agreement (McMS Inc)

No Burdensome Restrictions. No Borrower is party to any contract -------------------------- or agreement the performance of which could have a Material Adverse Effect on such BorrowerEffect. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 3 contracts

Samples: Revolving Credit and Security Agreement (Styrochem International Inc), Revolving Credit, Term Loan and Security Agreement (Air Methods Corp), Revolving Credit and Security Agreement (Styrochem International LTD)

No Burdensome Restrictions. No Borrower is not party to any contract or agreement the performance of which could have a Material Adverse Effect on such Borrower. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 3 contracts

Samples: Revolving Credit Loan and Security Agreement (Champion Parts Inc), Revolving Credit and Security Agreement (Candies Inc), Revolving Credit, Term Loan and Security Agreement (Aaf McQuay Inc)

No Burdensome Restrictions. No Borrower is not party to any contract or agreement the performance of which could have a Material Adverse Effect on such BorrowerEffect. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 3 contracts

Samples: Revolving Credit, Term Loan and Security Agreement (Obsidian Enterprises Inc), Revolving Credit, Term Loan and Security Agreement (Danskin Inc), Revolving Credit and Security Agreement (Badger Paper Mills Inc)

No Burdensome Restrictions. No Borrower is not party to any contract or agreement the performance of which could reasonably be expected to have a Material Adverse Effect on such BorrowerEffect. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted EncumbranceLien.

Appears in 2 contracts

Samples: Revolving Credit, Term Loan and Security Agreement (Fonda Group Inc), Revolving Credit and Security Agreement (Fonda Group Inc)

No Burdensome Restrictions. No To the best of each Borrower’s knowledge, no Borrower is party to any contract or agreement the performance of which could have a Material Adverse Effect on such Borrower. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 2 contracts

Samples: Term Loan and Security Agreement (Allied Motion Technologies Inc), Revolving Credit and Security Agreement (Allied Motion Technologies Inc)

No Burdensome Restrictions. No Borrower is not a party to any contract or agreement the performance of which could reasonably be expected to have a Material Adverse Effect on such BorrowerEffect. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Swank Inc), Loan and Security Agreement (Atari Inc)

No Burdensome Restrictions. No To the best of each Borrower's knowledge and belief, no Borrower is party to any contract or agreement the performance of which could would reasonably be expected to have a Material Adverse Effect on such Borrower. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 2 contracts

Samples: Credit and Security Agreement (Omni Energy Services Corp), Credit and Security Agreement (Omni Energy Services Corp)

No Burdensome Restrictions. No Borrower is party to any contract or agreement the performance of which could reasonably be expected to have a Material Adverse Effect on such Borrower. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Hirsch International Corp), Revolving Credit and Security Agreement (Vista Information Solutions Inc)

No Burdensome Restrictions. No Borrower is party to any contract or -------------------------- agreement the performance of which could have a Material Adverse Effect on such Borrower. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 2 contracts

Samples: Revolving Credit Loan and Security Agreement (Intelligroup Inc), Revolving Credit and Security Agreement (Eltrax Systems Inc)

No Burdensome Restrictions. No Borrower or Guarantor is party to any contract or agreement the performance of which could have a Material Adverse Effect on such Borrower. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Comforce Corp), Revolving Credit and Security Agreement (Comforce Corp)

No Burdensome Restrictions. No Borrower is party to any contract or agreement the performance of which could reasonably be expected to have a Material Adverse Effect on such BorrowerEffect. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which that is not a Permitted Encumbrance.

Appears in 2 contracts

Samples: Credit and Security Agreement (Lexington Precision Corp), Loan and Security Agreement (Lexington Precision Corp)

No Burdensome Restrictions. No Borrower is not party to any contract or agreement the performance of which could reasonably be expected to have a Material Adverse Effect on such BorrowerEffect. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 2 contracts

Samples: Revolving Credit, Term Loan and Security Agreement (Centurion Wireless Technologies Inc), Revolving Credit and Security Agreement (Meridian Sports Inc)

No Burdensome Restrictions. No Borrower is party to any contract or agreement the performance of which could have a Material Adverse Effect on such Borrowerthe Borrowers, taken as a whole. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (E Com Ventures Inc)

No Burdensome Restrictions. No Borrower is party to any contract or agreement the performance of which could have a Material Adverse Effect on such Borrower. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquiredthe Collateral, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (PDS Financial Corp)

No Burdensome Restrictions. No Borrower is not party to any contract or agreement the failure of and/or performance of which could would have a Material Adverse Effect on such BorrowerEffect. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Security Agreement (Blonder Tongue Laboratories Inc)

No Burdensome Restrictions. No Borrower is not party to any contract or agreement the performance of which could would have a Material Adverse Effect on such BorrowerEffect. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Allstate Financial Corp /Va/)

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No Burdensome Restrictions. No As of the date hereof no Borrower is party to any contract or agreement the performance of which could reasonably be expected to have a Material Adverse Effect on such Borrower. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Rheometric Scientific Inc)

No Burdensome Restrictions. No Borrower Borrower, to its knowledge, is party to any contract or agreement the performance of which could have a Material Adverse Effect on such BorrowerBorrowers taken as a whole. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Security Agreement (Batteries Batteries Inc)

No Burdensome Restrictions. No Such Borrower is not party to any contract or agreement the performance of which could is reasonably expected to have a Material Adverse Effect on such Borrower. No Such Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (HMG Worldwide Corp)

No Burdensome Restrictions. No Borrower is not party to any -------------------------- contract or agreement the performance of which could have a Material Adverse Effect on such would materially adversely affect the business, assets, operations, condition (financial or otherwise) or prospects of Borrower. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Revolving Credit, Factoring and Security Agreement (Tarrant Apparel Group)

No Burdensome Restrictions. No Borrower is party to any contract or agreement the performance of which could would reasonably be expected to have a Material Adverse Effect on such Borrower. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Credit and Security Agreement (Memry Corp)

No Burdensome Restrictions. No Borrower is not party to any contract or agreement the performance of which could reasonably be expected to have a Material Adverse Effect on such Borrower. No Except in connection with the Senior Notes, no Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Revolving Credit, Term Loan and Security Agreement (Delta Mills Inc)

No Burdensome Restrictions. No Borrower is not a party to any contract or agreement the performance of which could reasonably be expected to have a Material Adverse Effect on such Borrower. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Robotic Vision Systems Inc)

No Burdensome Restrictions. No Borrower is not party to any contract or agreement the performance of which could would reasonably be expected to have a Material Adverse Effect on such BorrowerEffect. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Kenexa Corp)

No Burdensome Restrictions. No Borrower is party to any contract or agreement the performance of which could have a Material Adverse Effect on such Borrower. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Warner Chilcott PLC)

No Burdensome Restrictions. No Borrower is party to any contract or agreement agreement, the performance of which could reasonably be expected to have a Material Adverse Effect on such BorrowerEffect. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Imco Recycling Inc)

No Burdensome Restrictions. No Borrower is party to any contract or agreement the performance of which could reasonably be expected to have a Material Adverse Effect on such Borrowerthe Borrowers taken as a whole. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Robotic Vision Systems Inc)

No Burdensome Restrictions. No Borrower is party to any contract or -------------------------- agreement the performance of which could have a Material Adverse Effect on such BorrowerEffect. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Air Methods Corp)

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