Common use of No Payment or Security Clause in Contracts

No Payment or Security. Each Credit Party agrees not to make payment (except if permitted under Section 2.01 hereof) of, or give any security for, any Subordinated Debt.

Appears in 2 contracts

Samples: Credit Agreement (Drew Industries Incorporated), Credit Agreement (Drew Industries Incorporated)

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No Payment or Security. Each Credit Party agrees not to make payment (except if permitted under Section 2.01 hereof) of, or give any security for, or grant any Lien on its property or assets in respect of, any Subordinated Debt.

Appears in 2 contracts

Samples: Subordination Agreement (Drew Industries Inc), Subordination Agreement (Drew Industries Inc)

No Payment or Security. Each Credit Party agrees not to make payment (except if permitted under Section 2.01 hereof) of, or give any security se­curity for, or grant any Lien on its property or assets in respect of, any Subordinated Debt. Section 2.03.

Appears in 1 contract

Samples: Subordination Agreement (Drew Industries Inc)

No Payment or Security. Each Credit Party agrees not to make payment (except if permitted under Section 2.01 hereof) of, or give any security for, any an Subordinated Debt.

Appears in 1 contract

Samples: Subordination Agreement (Drew Industries Incorporated)

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No Payment or Security. Each Credit Party agrees not to make payment (except if permitted under Section 2.01 2(a) hereof) of, or give any security forfor or grant any Lien on its property or assets in respect of, any Subordinated Debt.. Section 4

Appears in 1 contract

Samples: Subordination Agreement                                  Subordination Agreement (Drew Industries Inc)

No Payment or Security. Each Credit Party agrees not to make payment (except if permitted under Section 2.01 2(a) hereof) of, or give any security forfor or grant any Lien on its property or assets in respect of, any Subordinated Debt.

Appears in 1 contract

Samples: Subordination Agreement (Drew Industries Inc)

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