Common use of Prohibition on Additional Negative Pledges Clause in Contracts

Prohibition on Additional Negative Pledges. The Seller shall not enter into or assume any agreement (other than this Agreement and the other Transaction Documents) prohibiting the creation or assumption of any Lien upon the Purchased Assets except as contemplated by the Transaction Documents, or otherwise prohibiting or restricting any transaction contemplated hereby or by the other Transaction Documents, and the Seller shall not enter into or assume any agreement creating any Lien upon the Subordinated Notes.

Prohibition on Additional Negative Pledges. The Seller shall will not (and will not authorize any Originator to) enter into or assume any agreement (other than this Agreement and the other Transaction Documents) prohibiting the creation or assumption of any Lien Adverse Claim upon the Purchased Assets Receivables, Collections or Related Security except as contemplated by the Transaction Documents, or otherwise prohibiting or restricting any transaction contemplated hereby or by the other Transaction Documents, . Seller will not (and the Seller shall will not authorize any Originator to) enter into or assume any agreement creating any Lien Adverse Claim upon the Subordinated NotesNotes (as defined in the Receivables Sale Agreement).

Prohibition on Additional Negative Pledges. The Seller shall will not enter into or assume (and will not consent pursuant to the Sale Agreement to any Originator’s entering into or assuming) any agreement (other than this Agreement and the other Transaction Documents) prohibiting the creation or assumption of any Lien Adverse Claim upon the Purchased Assets Collateral except as contemplated by the Transaction Documents, or otherwise prohibiting or restricting any transaction contemplated hereby or by the other Transaction Documents, and the Seller shall not enter into or assume any agreement creating any Lien upon the Subordinated Notes.

Prohibition on Additional Negative Pledges. The Seller shall will not (and will not authorize any Originator to) enter into or assume any agreement (other than this Agreement and the other Transaction Documents) prohibiting the creation or assumption of any Lien Adverse Claim upon the Purchased Pool Assets except as contemplated by the Transaction Documents, or otherwise prohibiting or restricting any transaction contemplated hereby or by the other Transaction Documents, and the Seller shall not enter into or assume any agreement creating any Lien upon the Subordinated Notes.

Prohibition on Additional Negative Pledges. The Seller shall will not (and will not authorize any Originator to) enter into or assume any agreement (other than this Agreement and the other Transaction Documents) prohibiting the creation or assumption of any Lien Adverse Claim upon the Purchased Assets except as contemplated by the Transaction Documents, or otherwise prohibiting or restricting any transaction contemplated hereby or by the other Transaction Documents, and the Seller shall not enter into or assume any agreement creating any Lien upon the Subordinated Notes.

Prohibition on Additional Negative Pledges. The Seller shall will not enter into or assume any agreement (other than this Agreement and the other Transaction DocumentsTransfer Papers) prohibiting permitting the creation or assumption of any Lien Adverse Claim upon the Purchased Assets except as contemplated by the Transaction DocumentsTransfer Papers, or otherwise prohibiting or restricting any transaction contemplated hereby or by the other Transaction Documents, and the Seller shall not enter into or assume any agreement creating any Lien upon the Subordinated NotesTransfer Papers.

Prohibition on Additional Negative Pledges. The Each Seller shall will not (and will not authorize any Subsidiary to) enter into or assume any agreement (other than this Agreement and the other Transaction Documents) prohibiting the creation or assumption of any Lien Adverse Claim upon the Purchased Assets Receivables, Collections or Related Security except as contemplated by the Transaction Documents, or otherwise prohibiting or restricting any transaction contemplated hereby or by the other Transaction Documents, and the Seller shall not enter into or assume any agreement creating any Lien upon the Subordinated Notes.

Prohibition on Additional Negative Pledges. The Seller shall will not (and will not authorize any Subsidiary to) enter into or assume any agreement (other than this Agreement and the other Transaction Documents) prohibiting the creation or assumption of any Lien Adverse Claim upon the Purchased Assets Receivables, Collections or Related Security except as contemplated by the Transaction Documents, or otherwise prohibiting or restricting any transaction contemplated hereby or by the other Transaction Documents, and the Seller shall not enter into or assume any agreement creating any Lien upon the Subordinated Notes.

Prohibition on Additional Negative Pledges. The Seller shall will not (and will not authorize any Originator to) enter into or assume any agreement (other than this Agreement and the other Transaction Documents) prohibiting the creation or assumption of any Lien Adverse Claim upon the Purchased Assets Collateral except as contemplated by the Transaction Documents, or otherwise prohibiting or restricting any transaction contemplated hereby or by the other Transaction Documents, and the Seller shall not enter into or assume any agreement creating any Lien upon the Subordinated Notes.

Prohibition on Additional Negative Pledges. The Seller shall will not enter into or assume any agreement (other than this Agreement and the other Transaction DocumentsConveyance Papers) prohibiting the creation or assumption of any Lien upon the Purchased Assets except as contemplated by the Transaction DocumentsConveyance Papers, or otherwise prohibiting or restricting any transaction contemplated hereby or by the other Transaction Documents, and the Seller shall not enter into or assume any agreement creating any Lien upon the Subordinated NotesConveyance Papers.

Prohibition on Additional Negative Pledges. The Seller shall will not (and will not authorize any Originator to) enter into or assume any agreement (other than this Agreement and the other Transaction Documents) prohibiting the creation or assumption of any Lien Adverse Claim upon the Purchased PoolPurchased Assets except as contemplated by the Transaction Documents, or otherwise prohibiting or restricting any transaction contemplated hereby or by the other Transaction Documents, and the Seller shall not enter into or assume any agreement creating any Lien upon the Subordinated Notes.