No Negative Pledges. Neither Borrower nor any Subsidiary of Borrower shall enter into or assume any agreement (other than the Loan Documents) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired.
Appears in 3 contracts
Samples: Credit Agreement (Krystal Company), Credit Agreement (Lynch Corp), Credit Agreement (Spinnaker Industries Inc)
No Negative Pledges. Neither Borrower nor will not and will not permit any Subsidiary of Borrower shall its Subsidiaries directly or indirectly to enter into or assume any agreement (other than the Loan Documents) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired.
Appears in 3 contracts
Samples: Credit Agreement (Acorn Products Inc), Credit Agreement (Global Imaging Systems Inc), Credit Agreement (Acorn Products Inc)
No Negative Pledges. Neither Borrower nor will not and will not permit any Subsidiary of Borrower shall its Subsidiaries directly or indirectly to enter into or assume any agreement (other than the Loan Documents, Senior Term Loan Documents and Subordinated Loan Documents) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired.
Appears in 3 contracts
Samples: Credit Agreement (Aki Inc), Credit Agreement (Aki Holding Corp), Credit Agreement (Aki Holding Corp)
No Negative Pledges. Neither Borrower nor any Subsidiary of Borrower shall will not and will not permit its Subsidiaries directly or indirectly to enter into or assume any agreement (other than the Loan Documents) prohibiting the creation or assumption of any Lien upon its or their properties or assets, whether now owned or hereafter acquired.
Appears in 3 contracts
Samples: Credit Agreement, Credit Agreement, Credit Agreement
No Negative Pledges. Neither Borrower nor any Subsidiary of Borrower shall not, and shall not permit any of its Subsidiaries to enter into or assume permit to exist any agreement (arrangement or agreement, other than pursuant to this Agreement or any Loan Document, which directly or indirectly prohibits the Loan Documents) prohibiting the creation Borrower or assumption any of its Subsidiaries from creating or incurring a Lien on any Lien upon of its properties or assets, whether now owned or hereafter acquired.
Appears in 2 contracts
Samples: Loan Agreement (Penson Worldwide Inc), Loan Agreement (Penson Worldwide Inc)
No Negative Pledges. Neither Borrower nor any Subsidiary of Borrower shall not enter into or assume 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 2 contracts
Samples: Credit Agreement (Atlas Air Inc), Credit Agreement (Atlas Air Inc)
No Negative Pledges. Neither Borrower nor any Subsidiary of No Borrower shall enter into or assume any agreement (other than the Loan Documents) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired.
Appears in 2 contracts
Samples: Loan and Security Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.), Loan and Security Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.)
No Negative Pledges. Neither Borrower nor will not and will not permit any Subsidiary ------------------- of Borrower shall its Restricted Subsidiaries directly or indirectly to enter into or assume any agreement (other than the Loan Documents and the Subordinated Debt Documents) prohibiting the creation or assumption of any Lien upon its or their properties or assets, whether now owned or hereafter acquired.
Appears in 2 contracts
Samples: Credit Agreement (Us Unwired Inc), Credit Agreement (Unwired Telecom Corp)
No Negative Pledges. Neither Borrower nor will not and will not permit any Subsidiary of Borrower shall its Subsidiaries directly or indirectly to enter into or assume any agreement (other than the Loan Documents and the Investor Loan Documents) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired.
Appears in 1 contract
No Negative Pledges. Neither Borrower nor any Subsidiary of Borrower shall not enter into or assume any agreement (other than the Loan Documents) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired.
Appears in 1 contract
Samples: Loan and Security Agreement (Digital Realty Trust, Inc.)
No Negative Pledges. Neither Each Borrower nor any Subsidiary of Borrower shall will not and will not permit its Subsidiaries directly or indirectly to enter into or assume any agreement (other than the Loan Documents) prohibiting the creation or assumption of any Lien upon its or their properties or assets, whether now owned or hereafter acquiredacquired or which has any covenant more restrictive than any in Sections 2, 3 or 4.
Appears in 1 contract
No Negative Pledges. Neither Borrower nor will not, and will not permit any Subsidiary of Borrower shall its Subsidiaries to, directly or indirectly, enter into or assume any agreement (other than the Loan DocumentsDocuments or instruments entered into in connection with Permitted Encumbrances) prohibiting the creation or assumption of any Lien upon its or their properties or assets, whether now owned or hereafter acquired.
Appears in 1 contract
No Negative Pledges. Neither The Borrower nor will not and will not permit ------------------- any Subsidiary of Borrower shall its Subsidiaries directly or indirectly to enter into or assume any agreement (other than the Loan Documents) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired.
Appears in 1 contract
Samples: Loan Agreement (Zefer Corp)
No Negative Pledges. Neither Each Borrower nor will not and will not permit ------------------- any Subsidiary of Borrower shall its Subsidiaries directly or indirectly to enter into or assume any agreement (other than the Loan DocumentsDocuments and the Subordinated Loan Agreement (which shall expressly permit Permitted Encumbrances)) prohibiting the creation or assumption of any Lien granted to Agent pursuant hereto and the other Loan Documents, or to any Person upon refinancings, from time to time, upon its properties or assets, whether now owned or hereafter acquired.
Appears in 1 contract
No Negative Pledges. Neither Borrower nor any Subsidiary of Borrower shall will not enter into or assume any agreement (other than the Loan Documents) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired.
Appears in 1 contract
Samples: Loan and Security Agreement (Investors Real Estate Trust)
No Negative Pledges. Neither Borrower nor any Subsidiary of Borrower shall will not, directly or indirectly, ------------------- enter into or assume any agreement (other than the Loan Documents) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired.
Appears in 1 contract
No Negative Pledges. Neither Borrower nor will not and will not permit any Subsidiary of Borrower shall its ------------------- Subsidiaries to enter into or assume any agreement (other than the Loan Documents) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired.
Appears in 1 contract
Samples: Credit Agreement (MCG Capital Corp)
No Negative Pledges. Neither Holdings and Borrower nor will not, and will not permit any Subsidiary of Borrower shall their Subsidiaries to, enter into or assume any agreement (other than the Loan DocumentsFinancing Documents and the documents related to the Bank Indebtedness) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired.
Appears in 1 contract
No Negative Pledges. Neither Borrower nor will not and will not permit any Subsidiary of Borrower shall its Subsidiaries (other than the Excluded Subsidiaries) directly or indirectly to enter into or assume any agreement (other than the Loan Documents and the Allied Subordinated Loan Documents) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired, except upon property or assets subject to a Permitted Encumbrance described in subsections 3.2(A)(5), (11), (12) or (14).
Appears in 1 contract
Samples: Credit Agreement (Sunsource Inc)
No Negative Pledges. Neither Borrower nor will not and will not permit any Subsidiary of Borrower shall its Restricted Subsidiaries directly or indirectly to enter into or assume any agreement (other than the Loan Documents and other than as provided in the Senior Note Documents and the Second Lien Loan Documents, in each case as in effect on the Closing Date) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired.
Appears in 1 contract
No Negative Pledges. Neither Borrower nor any Subsidiary of Borrower shall not and shall not cause or permit its Subsidiaries to directly or indirectly enter into or assume any agreement (other than the Loan DocumentsDocuments or the agreements with respect to the Senior Debt) prohibiting the creation or assumption of any Lien in favor of the Agent for the benefit of the Secured Parties upon its properties or assets, whether now owned or hereafter acquired, including, without limitation, with respect to any of Borrower’s Intellectual Property.
Appears in 1 contract
No Negative Pledges. Neither Borrower nor will not and will not permit any Subsidiary of Borrower shall its Restricted Subsidiaries directly or indirectly to enter into or assume any agreement (other than the Loan Documents and the Subordinated Debt Documents) prohibiting the creation or assumption of any Lien upon its or their properties or assets, whether now owned or hereafter acquired.
Appears in 1 contract
Samples: Credit Agreement (Us Unwired Inc)
No Negative Pledges. Neither the Borrower nor any Subsidiary of the Borrower shall enter into or assume any agreement (other than the Loan Documents) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired, except for such restrictions under the documents and instruments evidencing the Stratford Indebtedness.
Appears in 1 contract
Samples: Credit Agreement (Edutrek Int Inc)
No Negative Pledges. Neither Borrower nor will not, and will not permit any Subsidiary of Borrower shall its Subsidiaries to, directly or indirectly, enter into or assume any agreement (other than the Loan DocumentsDocuments or instruments entered into in connection with Permitted Encumbrances) prohibiting the creation or assumption of any Lien created or required pursuant to any of the Loan Documents upon its or their respective properties or assets, whether now owned or hereafter acquired.. EXHIBIT 10-41
Appears in 1 contract
No Negative Pledges. Neither Borrower nor any Subsidiary of Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, enter into or assume any agreement (other than the Loan DocumentsDocuments and in the Indenture as such instrument is in effect on the date hereof) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquiredacquired unless such agreement permits all Permitted Encumbrances.
Appears in 1 contract
No Negative Pledges. Neither Borrower nor any Subsidiary of Borrower shall not and shall not cause or permit its Subsidiaries to directly or indirectly enter into or assume any agreement (other than the Loan Documents) prohibiting the creation or assumption of any Lien in favor of Lender upon its properties or assets, whether now owned or hereafter acquired.
Appears in 1 contract
Samples: Credit Agreement (Pet DRx CORP)
No Negative Pledges. Neither Borrower nor any Subsidiary of Borrower shall not and shall not cause or permit its Subsidiaries to directly or indirectly enter into or assume any agreement (other than the Loan Credit Documents) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired.
Appears in 1 contract
