Common use of Prohibition on Division/Series Transactions Clause in Contracts

Prohibition on Division/Series Transactions. Notwithstanding anything to the contrary in this Article VII or any other provision in this Agreement or any other Loan Document, the Borrower (solely with respect to itself) shall not enter into (or agree to enter into) any Division/Series Transaction without the prior written consent of the Lenders.

Appears in 3 contracts

Samples: Security Agreement (Ciena Corp), Credit Agreement (Ciena Corp), Credit Agreement (Ciena Corp)

AutoNDA by SimpleDocs

Prohibition on Division/Series Transactions. Notwithstanding anything to the contrary in this Article ARTICLE VII or any other provision in this Agreement or any other Loan Document, the Borrower Borrowers (solely with respect to itself) shall not enter into (or agree to enter into) any Division/Series Transaction without the prior written consent of the Lenders.

Appears in 2 contracts

Samples: Pledge Agreement (Ciena Corp), Abl Credit Agreement (Ciena Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.