Common use of Restriction on Liens Clause in Contracts

Restriction on Liens. No Loan Party is a party to any agreement or arrangement (other than Capital Leases creating Liens permitted by Section 7.2(d), but then only on the Property subject of such Capital Lease), or subject to any order, judgment, writ or decree, which either restricts or purports to restrict its ability to grant Liens to the Administrative Agent for the benefit of the Secured Parties on or in respect of its Properties to secure the Obligations and the Loan Documents.

Appears in 9 contracts

Samples: Credit Agreement (Ring Energy, Inc.), Credit Agreement (Tengasco Inc), Credit Agreement (Tengasco Inc)

AutoNDA by SimpleDocs

Restriction on Liens. No None of the Loan Party Parties is a party to any material agreement or arrangement (other than Capital Leases creating Liens permitted by Section 7.2(d), but then only on the Property subject of such Capital Lease)arrangement, or subject to any order, judgment, writ or decree, which either restricts or purports to restrict its ability to grant Liens to the Administrative Agent for the benefit of and the Secured Parties on or in respect of its their Properties to secure the Obligations Indebtedness and the Loan Documents.

Appears in 7 contracts

Samples: Credit Agreement (WildHorse Resource Development Corp), Credit Agreement (WildHorse Resource Development Corp), Credit Agreement (Memorial Resource Development Corp.)

Restriction on Liens. No Loan Party is a party to any material agreement or arrangement (other than Capital Leases leases creating Liens permitted by Section 7.2(d9.03(b) or (c), but then only on the Property subject of such Capital Leaselease), or subject to any order, judgment, writ or decree, which either restricts or purports to restrict its ability to grant Liens to the Administrative Agent for and the benefit of the Secured Parties Lenders on or in respect of its their Properties to secure the Obligations Indebtedness and the Loan Documents.

Appears in 3 contracts

Samples: Credit Agreement (Resolute Energy Corp), Secured Term Loan Agreement (Resolute Energy Corp), Credit Agreement (Resolute Energy Corp)

Restriction on Liens. No Loan Party is a party to any material agreement or arrangement (other than Capital Leases creating Liens permitted by Section 7.2(d9.03(c), but then only on the Property subject of such Capital Lease), or subject to any order, judgment, writ or decree, which either restricts or purports to restrict its ability to grant Liens to the Administrative Agent for and the benefit of the Secured Parties Lenders on or in respect of its their Properties to secure the Obligations Indebtedness and the Loan Documents.

Appears in 3 contracts

Samples: Credit Agreement (SM Energy Co), Credit Agreement (SM Energy Co), Credit Agreement (Cadence Resources Corp)

Restriction on Liens. No Loan Party is a party to any material agreement or arrangement (other than Capital Leases Lease Obligations or purchase money loan documents creating Liens permitted by Section 7.2(d9.03(c), but then only on the Property subject of such Capital LeaseLease Obligations or purchase money loan document, or as otherwise permitted by Section 9.15), or subject to any order, judgment, writ or decree, which either restricts or purports to restrict its ability to grant Liens to the Administrative Agent for and the benefit of the Secured Parties Lenders on or in respect of its their Properties to secure the Secured Obligations and the Loan Documents.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Goodrich Petroleum Corp), Senior Secured Revolving Credit Agreement (Goodrich Petroleum Corp)

AutoNDA by SimpleDocs

Restriction on Liens. No Loan Party is a party to any material agreement or arrangement (other than Capital Leases creating Liens permitted by Section 7.2(d9.03(c), but then only on the Property subject of such Capital Lease), or subject to any order, judgment, writ or decree, which either restricts or purports to restrict its ability to grant Liens to the Administrative Agent for the benefit of the Secured Parties on or in respect of its their Properties to secure the Obligations Indebtedness and the Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Comstock Resources Inc), Credit Agreement (SM Energy Co)

Restriction on Liens. No Loan Party is a party to any agreement or arrangement (other than Capital Leases creating Liens permitted by Section 7.2(d), but then only on the Property subject of such Capital Lease)arrangement, or subject to any order, judgment, writ or decree, which either restricts or purports to restrict its ability to grant Liens to the Administrative Collateral Agent for the benefit of the Secured Parties on or in respect of its Properties to secure the Obligations and the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Samson Oil & Gas LTD)

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