Common use of No Further Negative Pledges Clause in Contracts

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 14 contracts

Samples: Credit Agreement (Account Portfolios Gp Inc), Credit Agreement (Trammell Crow Co), Credit Agreement (Atlas Air Inc)

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No Further Negative Pledges. Except Neither Company nor any of its Subsidiaries shall enter into any agreement (other than an agreement prohibiting only the creation of Liens securing Subordinated Indebtedness) prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired, except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 3 contracts

Samples: Credit Agreement (Sybron Dental Specialties Inc), Credit Agreement (Korn Ferry International), Credit Agreement (Read Rite Corp /De/)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company nor none of the Borrowers or any of its their respective Subsidiaries shall enter into any agreement (other than the Subordinated Note Indenture) prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 3 contracts

Samples: Credit Agreement (Hines Horticulture Inc), Credit Agreement (Hines Holdings Inc), Credit Agreement (Hines Horticulture Inc)

No Further Negative Pledges. Except with respect to specific --------------------------- property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien which secures the Obligations upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 2 contracts

Samples: Credit Agreement (Aurora Foods Inc /De/), Credit Agreement (Aurora Foods Inc)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset SaleSale permitted by this Agreement, neither Company Borrower nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 2 contracts

Samples: Credit Agreement (Isle of Capri Casinos Inc), Credit Agreement (Isle of Capri Casinos Inc)

No Further Negative Pledges. Except with respect to specific property encumbered pursuant to secure payment of particular Indebtedness subsection 7.2A or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 2 contracts

Samples: Credit Agreement (Players International Inc /Nv/), Credit Agreement (Players International Inc /Nv/)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset SaleSale permitted by the terms hereof, neither Company Borrower nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 2 contracts

Samples: Credit Agreement (Winsloew Furniture Inc), Credit Agreement (Winsloew Furniture Inc)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company Holdings nor any of its Subsidiaries shall enter into any agreement (other than the Senior Subordinated Note Indenture) prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 2 contracts

Samples: Credit Agreement (Prime Succession Inc), Credit Agreement (Rose Hills Co)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company nor any of its Subsidiaries shall enter into any agreement (other than any agreement prohibiting only the creation of Liens securing Subordinated Indebtedness) prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Mitel Corp)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Neither Company nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired, except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale or Outsourcing Project Assets.

Appears in 1 contract

Samples: Credit Agreement (Itron Inc /Wa/)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Salea sale of assets, neither the Company nor any of its Subsidiaries shall enter into any agreement (other than the Loan Documents) prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Smartalk Teleservices Inc)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Salea sale of such property, neither Company nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Convertible Term Loan Agreement (Banyan Strategic Realty Trust)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, and as provided in this Agreement, the Sale/Leaseback Program and Securitization Transactions, neither Company Customer nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Financing Agreement (Falcon Financial Investment Trust)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company nor none of the Borrowers or any of its their respective Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Hines Holdings Inc)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company nor any of its Subsidiaries shall enter into any agreement (other than any agreement prohibiting only the creation of Liens securing Permitted Subordinated Debt) generally prohibiting the creation or assumption of any Lien upon any of its properties or and assets, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Security Agreement (Arterial Vascular Engineering Inc)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company Borrower nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired, except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale.

Appears in 1 contract

Samples: Credit Agreement (Newmarket Corp)

No Further Negative Pledges. Except with respect to specific --------------------------- property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset SaleIndebtedness, neither Company the Borrower nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Keystone Automotive Industries Inc)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset SaleIndebtedness, neither Company Borrower nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Loan Agreement (Aureal Semiconductor Inc)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither the Company nor any of its Subsidiaries shall enter into any agreement (other than an agreement prohibiting only the creation of Liens securing Subordinated Debt) prohibiting the creation or assumption of on any Lien upon any of its properties or assets, whether now or owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Comfort Systems Usa Inc)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or Lease or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither none of Company nor or any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Sunrise Medical Inc)

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No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither none of Company nor or any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Katy Industries Inc)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquiredacquired (other than in connection with the Senior Subordinated Notes, the Holdings Notes and the Holdings PIK Notes).

Appears in 1 contract

Samples: Credit Agreement (DMW Worldwide Inc)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness permitted by this Agreement or to be sold pursuant to an executed agreement with respect to an Asset SaleSale otherwise permitted by this Agreement, neither Company the Borrower nor any of its Subsidiaries shall enter into any agreement (other than the Loan Documents) prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Behringer Harvard Opportunity REIT I, Inc.)

No Further Negative Pledges. Except with respect to specific property (exclusive of Warehouse Assets) encumbered to secure payment of particular Indebtedness or to be sold permitted pursuant to an executed agreement with respect to an Asset Salethis Agreement and except as provided in this Agreement, neither Company Customer nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Revolving Warehouse Financing Agreement (Falcon Financial Investment Trust)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset SaleIndebtedness, neither Holding, Company nor any of its Subsidiaries Subsidiary shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Nu Kote Holding Inc /De/)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company Neither Holdings nor any of its Subsidiaries shall enter into any agreement agreement, prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired, to secure Company’s principal bank credit agreement outstanding at any time.

Appears in 1 contract

Samples: Credit Agreement (Petco Animal Supplies Inc)

No Further Negative Pledges. Except with respect to specific property encumbered pursuant to secure payment of particular Indebtedness subsection 7.2A or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company nor any of its Subsidiaries 100 shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Players International Inc /Nv/)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Neither Company nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired, other than (i) any agreement evidencing Indebtedness secured by Liens permitted by this Agreement, as to the assets securing such Indebtedness, and (ii) any agreement evidencing an asset sale, lease or license as to the assets being sold, leased or licensed.

Appears in 1 contract

Samples: Credit Agreement (Volt Information Sciences, Inc.)

No Further Negative Pledges. Except Neither the Company nor any of its Subsidiaries will enter into any agreement prohibiting the creation or assumption of any Lien upon any of its Properties, whether now owned or hereafter acquired, except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Online Resources Corp)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, and as provided in the Warehouse Agreement, the Sale/Leaseback Program and Securitization Transactions, neither Company nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Senior Subordinated Loan Agreement (Falcon Financial Investment Trust)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Neither Company nor any of its Subsidiaries shall enter into any agreement (other than this Agreement and the Loan Documents) on or after the Closing Date prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired, except with respect to specific property to be sold pursuant to an executed agreement with respect to an Asset Sale that is permitted hereunder.

Appears in 1 contract

Samples: Covanta Energy Corp

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Neither Company nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired, other than (i) any agreement evidencing Indebtedness secured by Liens permitted by this Agreement, as to the assets securing such Indebtedness, and (ii) any agreement evidencing an asset sale, as to the assets being sold.

Appears in 1 contract

Samples: Credit Agreement (Stancorp Financial Group Inc)

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