Common use of Restriction on Other Agreements Clause in Contracts

Restriction on Other Agreements. The Guarantor will not, and will not permit any Subsidiary to, enter into any agreement (other than the Loan Documents and the 1999 Loan Documents) which imposes a limitation on incurrence by the Guarantor and its Subsidiaries of Liens that is more restrictive than the limitation on Liens set forth in the Indentures (other than agreements with respect to Debt secured by Liens permitted by Section 1.10(a) containing restrictions on the ability to transfer or grant Liens on the assets securing such Debt and other than customary restrictions contained in purchase and sale agreements limiting the transfer of the subject assets pending closing and customary non-assignment provisions in leases and other contracts entered into in the ordinary course of business) or which imposes other covenants more restrictive than those set forth in this Annex A.

Appears in 2 contracts

Samples: Guaranty (Rite Aid Corp), Guaranty (Rite Aid Corp)

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Restriction on Other Agreements. The Guarantor Borrower will not, and will not permit any Subsidiary to, enter into any agreement (other than the Loan Documents and the 1999 Loan Documents) which imposes a limitation on incurrence by the Guarantor Borrower and its Subsidiaries of Liens that is more restrictive than the limitation on Liens set forth in the Indentures (other than agreements with respect to Debt secured by Liens permitted by Section 1.10(a5.10(a) containing restrictions on the ability to transfer or grant Liens on the assets securing such Debt and other than customary restrictions contained in purchase and sale agreements limiting the transfer of the subject assets pending closing and customary non-assignment provisions in leases and other contracts entered into in the ordinary course of business) or which imposes other covenants more restrictive than those set forth in this Annex A.Agreement.

Appears in 1 contract

Samples: Credit Agreement (Rite Aid Corp)

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Restriction on Other Agreements. The Guarantor Borrower will not, and will not permit any Subsidiary to, enter into any agreement (other than the Loan Documents and the 1999 1996 Loan Documents) which imposes a limitation on incurrence by the Guarantor Borrower and its Subsidiaries of Liens that is more restrictive than the limitation on Liens set forth in the Indentures (other than agreements with respect to Debt secured by Liens permitted by Section 1.10(a5.10(a) containing restrictions on the ability to transfer or grant Liens on the assets securing such Debt and other than customary restrictions contained in purchase and sale agreements limiting the transfer of the subject assets pending closing and customary non-assignment provisions in leases and other contracts entered into in the ordinary course of business) or which imposes other covenants more restrictive than those set forth in this Annex A.Agreement.

Appears in 1 contract

Samples: Term Loan Agreement (Rite Aid Corp)

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