Common use of No Pledge Restrictions Clause in Contracts

No Pledge Restrictions. Borrower shall not 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 3 contracts

Samples: Loan and Security Agreement (HealthWarehouse.com, Inc.), Loan and Security Agreement (HealthWarehouse.com, Inc.), Loan and Security Agreement (HealthWarehouse.com, Inc.)

AutoNDA by SimpleDocs

No Pledge Restrictions. Borrower shall not not, enter into or assume any agreement (other than the Loan Documents and any document evidencing or governing Permitted Indebtedness) Documents), 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

Samples: Loan and Security Agreement (Nexaira Wireless Inc.)

AutoNDA by SimpleDocs

No Pledge Restrictions. Borrower shall not enter into or assume any agreement (other than the Loan Documents and any document evidencing or governing Permitted Indebtedness) Documents), 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

Samples: Loan and Security Agreement (Rock Energy Resources, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!