No Pledge Restrictions. No Loan Party shall enter into or assume any agreement (other than the Loan Documents) restricting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.
Appears in 4 contracts
Samples: Loan and Security Agreement (Intercloud Systems, Inc.), Loan and Security Agreement (Sebring Software, Inc.), Loan and Security Agreement (Genesis Group Holdings Inc)
No Pledge Restrictions. No Loan Party shall enter into or assume any agreement (other than the Loan Documents, and any document evidencing or governing Permitted Indebtedness) restricting 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: Senior Secured Facility Agreement (Klondex Mines LTD), Senior Secured Facility Agreement (Brigus Gold Corp.)
No Pledge Restrictions. No Loan Party shall, nor shall it permit any Subsidiary to, enter into or assume any agreement (other than the Loan Documents, the Senior Lien Financing Agreement and any document evidencing or governing Permitted Refinancing Indebtedness) restricting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.
Appears in 1 contract
