No Negative Pledge. The Borrower will not, and will not permit any Subsidiary to, enter into or permit to exist any arrangement or agreement, other than pursuant to this Agreement or any Loan Document, which directly or indirectly prohibits the Borrower or any Subsidiary from creating or incurring a Lien on any of its assets.
Appears in 5 contracts
Samples: Credit Agreement (Home Solutions of America Inc), Loan Agreement (Interphase Corp), Loan Agreement (Rf Monolithics Inc /De/)
No Negative Pledge. The Borrower will not, and will not permit any Subsidiary to, enter into or permit to exist any arrangement or agreement, other than pursuant to this Agreement or any Loan Document, which directly or indirectly prohibits the Borrower or any Subsidiary from creating or incurring a Lien on any of its assets.
Appears in 3 contracts
Samples: Loan Agreement (Dgse Companies Inc), Loan Agreement (Dgse Companies Inc), Loan Agreement (Dgse Companies Inc)
No Negative Pledge. The No Borrower will, nor will not, and will not it permit any Subsidiary to, enter into or permit to exist any arrangement or agreement, other than pursuant to this Agreement or Agreement, any Loan Document, or the Term Loan Documents, which directly or indirectly prohibits the any Borrower or any Subsidiary from creating or incurring a Lien on any of its assets.
Appears in 2 contracts
Samples: Credit Agreement (Direct Digital Holdings, Inc.), Credit Agreement (Direct Digital Holdings, Inc.)
No Negative Pledge. The Borrower will not, not and will not permit any Subsidiary toto agree with any Person not to mortgage, enter into pledge or permit to exist otherwise encumber any arrangement or agreement, other than pursuant to this Agreement of Borrower's or any Loan Document, Subsidiary's property (except for property which directly is the subject of permitted Capitalized Lease Obligations or indirectly prohibits the Borrower or any Subsidiary from creating or incurring a Lien on any of its assetspermitted purchase money security interests).
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No Negative Pledge. The Borrower will not, and will not permit any Subsidiary to, enter into or permit to exist any arrangement or agreement, other than pursuant to this Agreement or any other Loan Document, which directly or indirectly prohibits the Borrower or any Subsidiary from creating or incurring a Lien on any of its assets.
Appears in 1 contract
No Negative Pledge. The Borrower will not, and will not permit any Subsidiary to, enter into or permit to exist any arrangement or agreement, other than pursuant to this Agreement or any other Loan Document, which directly or indirectly prohibits the Borrower or any Subsidiary from creating or incurring a Lien on any of its assets.
Appears in 1 contract
No Negative Pledge. The Borrower will not, and will not permit any Subsidiary of its Subsidiaries to, enter into or permit to exist any arrangement or agreement, other than pursuant to this Agreement or any Loan Document, which directly or indirectly prohibits the Borrower or any Subsidiary from creating or incurring a Lien on any of its assets.
Appears in 1 contract
No Negative Pledge. The Borrower will not, and will not or permit any Subsidiary to, enter into agree or covenant for the benefit of any Person to not incur or permit to exist any arrangement or agreement, other than pursuant to this Agreement or any Loan Document, which directly or indirectly prohibits the Borrower or any Subsidiary from creating or incurring a Lien on any of its assetsproperty (now owned or hereafter acquired) other than under this Credit Agreement or any Credit Document.
Appears in 1 contract
Samples: Credit Agreement (Hypercom Corp)
No Negative Pledge. The Borrower will not, and will not permit any Subsidiary to, enter into or permit to exist any arrangement or agreement, other than pursuant to this Agreement or any Loan DocumentDocument or permitted hereunder, which directly or indirectly prohibits the Borrower or any Subsidiary from creating or incurring a Lien on any of its assets.
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