Common use of No Restrictive Agreement Clause in Contracts

No Restrictive Agreement. No Loan Party will, nor will any Loan Party permit any of its Subsidiaries to, enter into, after the date of this Agreement, any indenture, agreement, instrument or other arrangement that, directly or indirectly, prohibits or restrains, or has the effect of prohibiting or restraining, or imposes materially adverse conditions upon, any of the following by the Loan Party or any such Subsidiary: the incurrence or payment of Debt, the granting of Liens, the declaration or payment of Restricted Payments or other distributions in respect of Capital Securities of the Loan Party or any Subsidiary, the making of loans, advances or Investments or the sale, assignment, transfer or other disposition of property, real, personal or mixed, tangible.

Appears in 1 contract

Samples: Credit Agreement (Gladstone Commercial Corp)

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No Restrictive Agreement. No Loan Party will, nor will any Loan Party permit any of its Subsidiaries Subsidiary to, enter into, after the date of this Agreement, any indenture, agreement, instrument or other arrangement that, directly or indirectly, prohibits or restrains, or has the effect of prohibiting or restraining, or imposes materially adverse conditions upon, any of the following by the any Loan Party or any such Subsidiary: (a) the incurrence or payment of Debt, (b) the granting of Liens, (c) the declaration or payment of Restricted Payments dividends or other distributions in respect of Capital Securities Stock of the any Loan Party or any Subsidiary, (d) the making of loans, advances or Investments or (e) the sale, assignment, transfer or other disposition of property, real, personal or mixed, tangibletangible or intangible.

Appears in 1 contract

Samples: Credit Agreement (Avocent Corp)

No Restrictive Agreement. No Loan Party will, nor will ------------------------ any Loan Party permit any of its Subsidiaries to, enter into, after the date of this Agreement, any indenture, agreement, instrument or other arrangement that, directly or indirectly, prohibits or restrains, or has the effect of prohibiting or restraining, or imposes materially adverse conditions upon, any of the following by the Loan Party or any such Subsidiary: the incurrence or payment of Debt, the granting of Liens, the declaration or payment of Restricted Payments or other distributions in respect of Capital Securities Stock of the Loan Party or any Subsidiary, the making of loans, advances or Investments or the sale, assignment, transfer or other disposition of property, real, personal or mixed, tangible.

Appears in 1 contract

Samples: Credit Agreement (Scansource Inc)

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No Restrictive Agreement. No Loan Party willshall, nor will any Loan Party shall it permit any of its Subsidiaries to, enter into, after the date of this Agreement, any indenture, agreement, instrument or other arrangement that, directly or indirectly, prohibits or restrains, or has the effect of prohibiting or restraining, or imposes materially adverse conditions upon, any of the following by the Loan Party or any such Subsidiary: the incurrence or payment of Debt, the granting of Liens, the declaration or payment of Restricted Payments or other distributions in respect of Capital Securities Equity Interests of the Loan Party or any Subsidiary, the making of loans, advances or Investments or the sale, assignment, transfer or other disposition of propertyProperty, real, personal or mixed, tangible.

Appears in 1 contract

Samples: Credit Agreement (Construction Partners, Inc.)

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