No Negative Pledges to Other Person. The Borrower, its Subsidiaries and its Affiliates shall not grant to another Person a covenant commonly referred to as a "negative pledge" with respect to their respective assets and properties.
Appears in 2 contracts
Samples: Revolving Line of Credit Loan Agreement (Diagnostic Retrieval Systems Inc), Equipment Line of Credit/Term Loan Agreement (Diagnostic Retrieval Systems Inc)
No Negative Pledges to Other Person. The BorrowerCo-Borrowers, its their Subsidiaries and its Affiliates shall not grant to another Person a covenant commonly referred to as a "negative pledge" with respect to their respective assets and propertiesProperties.
Appears in 1 contract
Samples: Revolving Credit Loan and Term Loan Agreement (DRS Technologies Inc)
No Negative Pledges to Other Person. The Borrower, its ----------------------------------- Subsidiaries and its and/or Affiliates shall not, and shall not permit any of the Guarantors, their Subsidiaries and/or Affiliates to, grant to another Person a covenant commonly referred to as a "negative pledge" with respect to their respective assets and propertiesand/or Properties.
Appears in 1 contract
Samples: Revolving Credit Loan Agreement (Saga Systems Inc /De/)
