Common use of No Negative Pledges Clause in Contracts

No Negative Pledges. Borrower will not and will not permit any of 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)

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No Negative Pledges. Borrower will not shall not, and will shall not permit any of its Subsidiaries directly or indirectly 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, Senior Term Loan Documents and Subordinated 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. Borrower will not and will not permit any of 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 or their properties or assets, whether now owned or hereafter acquired.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement

No Negative Pledges. Borrower will not and will not permit any ------------------- of its Restricted Subsidiaries directly or indirectly to enter into or assume any agreement (other than the Loan Documents, Senior Term Loan Documents and the Subordinated Loan 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 (Unwired Telecom Corp), Credit Agreement (Us Unwired Inc)

No Negative Pledges. Borrower will not and will not permit any of its Domestic Subsidiaries directly or indirectly to enter into or assume any agreement (other than the Loan Documents, Senior Term Loan Documents and Subordinated Loan the Financing Documents) prohibiting the creation or assumption of any Lien upon its properties or assetsassets in favor of the Agent or the Lenders to secure the Obligations, whether now owned or hereafter acquired, except pursuant to (i) licenses and leases entered into in the ordinary course of business or (ii) agreements relating to capital leases or purchase money indebtedness permitted under this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Cherokee International Corp), Credit Agreement (Cherokee International Corp)

No Negative Pledges. Borrower will not not, and will not permit any of its Subsidiaries to, directly or indirectly to indirectly, enter into or assume any agreement (other than the Loan Documents, Senior Term Loan Documents and Subordinated Loan Documentsor 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

Samples: Credit Agreement (Communication Intelligence Corp)

No Negative Pledges. Each Borrower will not and will not permit any of 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 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

Samples: Credit Agreement (Ct Communications Inc /Nc)

No Negative Pledges. Borrower will shall not and will shall not cause or permit any of its Subsidiaries to directly or indirectly to enter into or assume any agreement (other than the Loan Documents, Senior Term Loan Documents and Subordinated 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

Samples: Credit Agreement (Patriot Capital Funding, Inc.)

No Negative Pledges. Borrower will not and will not permit any of its Subsidiaries (other than the Excluded Subsidiaries) directly or indirectly to enter into or assume any agreement (other than the Loan Documents, Senior Term 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. Borrower will not and will not permit any of 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, Senior Term Loan Documents and Subordinated Loan Documentsin 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

Samples: Credit Agreement (Portola Packaging Inc)

No Negative Pledges. Borrower will shall not and will shall not cause or permit any of its Subsidiaries to 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 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. Holdings and Borrower will not not, and will not permit any of its their Subsidiaries directly or indirectly to to, enter into or assume any agreement (other than the Loan Documents, Senior Term Loan Financing Documents and Subordinated Loan Documentsthe 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

Samples: Note Agreement (Newest Mezzaninie Lp)

No Negative Pledges. Borrower will not and will not permit any of its Restricted Subsidiaries directly or indirectly to enter into or assume any agreement (other than the Loan Documents, Senior Term Loan Documents and the Subordinated Loan 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. Borrower will not and will not permit any of 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 1 contract

Samples: Credit Agreement (MCG Capital Corp)

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No Negative Pledges. Each Borrower will not and will not permit ------------------- any of its Subsidiaries directly or indirectly to enter into or assume any agreement (other than the Loan Documents, Senior Term Loan Documents and the Subordinated Loan DocumentsAgreement (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

Samples: Credit Agreement (Opinion Research Corp)

No Negative Pledges. Borrower will not and will not permit any of its Restricted Subsidiaries directly or indirectly to enter into or assume any agreement (other than the Loan Documents, Senior Term Loan Documents and Subordinated Loan Documentsother than as provided in the Senior Note Documents 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

Samples: Credit Agreement (Portola Packaging Inc)

No Negative Pledges. Borrower will not not, and will not permit any of its Subsidiaries to, directly or indirectly to indirectly, enter into or assume any agreement (other than the Loan Documents, Senior Term Loan Documents and Subordinated Loan Documentsor 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

Samples: Credit Agreement (Franklin Capital Corp)

No Negative Pledges. Borrower will not shall not, and will shall not permit any of its Subsidiaries to, directly or indirectly to indirectly, enter into or assume any agreement (other than the Loan Documents, Senior Term Loan Documents and Subordinated Loan Documentsin 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

Samples: Servicing Agreement (Western Publishing Group Inc)

No Negative Pledges. Borrower will not and will not permit any of 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 1 contract

Samples: Loan and Security Agreement (Investors Real Estate Trust)

No Negative Pledges. Borrower will not and will not permit any of its Subsidiaries not, directly or indirectly to indirectly, ------------------- 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 1 contract

Samples: Loan Agreement (Unwired Telecom Corp)

No Negative Pledges. Borrower will not and will not permit any of its Subsidiaries directly or indirectly to enter into or assume any agreement (other than the Loan Documents, Senior Term Loan Documents and Subordinated 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

Samples: Loan Agreement (Nassau Broadcasting Corp)

No Negative Pledges. The Borrower will not and will not permit ------------------- any of 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 1 contract

Samples: Loan Agreement (Zefer Corp)

No Negative Pledges. Borrower will shall not and will shall not cause or permit any of its Subsidiaries to directly or indirectly to enter into or assume any agreement (other than the Loan Documents, Documents or the agreements with respect to the Senior Term Loan Documents and Subordinated Loan DocumentsDebt) 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

Samples: Loan and Security Agreement (Five9, Inc.)

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