Burdensome Agreements definition

Burdensome Agreements has the meaning assigned to such term in Section 7.08.
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Burdensome Agreements. Enter into or permit to exist any Contractual Obligation (other than this Agreement or any other Loan Document) that (a) limits the ability (i) of any Subsidiary to make Restricted Payments to the Borrower or any Guarantor or to otherwise transfer property to or to make Investments in the Borrower or any Guarantor, except for (A) any agreement in effect on the date hereof or at the time any Subsidiary becomes a Subsidiary of the Borrower, so long as such agreement was not entered into solely in contemplation of such Person becoming a Subsidiary of the Borrower, (B) any other agreement or instrument entered into after the Restatement Closing Date, provided that the encumbrances or restrictions in any such other agreement or instrument are no more restrictive in any material respect than those contained in this Agreement or the Senior Notes Indenture, (C) any Permitted Lien or any document or instrument governing any Permitted Lien, provided that any such restriction contained therein relates only to the asset or assets subject to such Permitted Lien, or (D) non-assignability provisions in contracts entered into in the ordinary course of business, (ii) of any Subsidiary to Guarantee the Indebtedness of the Borrower other than the Senior Notes Indenture as in effect on the date hereof, the Senior Subordinated Notes Indenture as in effect on the date hereof, the Convertible Notes Indenture as in effect on the date hereof and any Material Debt Document governing Indebtedness permitted under Section 7.02(b), (c), (d) or (i) so long as the applicable provisions thereof are no more restrictive in any material respect than the Senior Notes Indenture, Senior Subordinated Notes Indenture or this Agreement as in effect on the date hereof or (iii) of the Borrower or any Subsidiary to create, incur, assume or suffer to exist Liens on property of such Person other than (A) the Senior Notes Indenture as in effect on the date hereof, the Senior Subordinated Notes Indenture as in effect on the date hereof, the Convertible Notes Indenture as in effect on the date hereof or any Material Debt Document governing Indebtedness permitted under Section 7.02(b), (c), (d) or (i) so long as the applicable provisions thereof are not materially more restrictive, taken as a whole, than the Senior Subordinated Notes Indenture or the Senior Notes Indenture as in effect on the date hereof, (B) any Permitted Lien or any document or instrument governing any Permitted Lien, provided that any s...
Sample 1

Examples of Burdensome Agreements in a sentence

  • Section 7.03 Indebtedness 198191 Section 7.04 Fundamental Changes 203196 Section 7.05 Dispositions 204197 Section 7.06 Restricted Payments 208201 Section 7.07 [Reserved] 213206 Section 7.08 Transactions with Affiliates 213206 Section 7.09 Burdensome Agreements 216209 Section 7.10 Financial Covenant 218211 Section 7.11 [Reserved].

  • Burdensome Agreements...........................................................................

  • The following new Schedules are hereby added to the Credit Agreement, each to read in its entirety as set forth in the corresponding Schedule to the Borrower Supplemental Agreement: Schedule 1.1(C) (Unrestricted Subsidiaries); Schedule 4.15 (Subsidiaries); Schedule 7.1 (Existing Liens); Schedule 7.2 (Existing Investments); Schedule 7.3 (Existing Indebtedness); Schedule 7.8 (Existing Affiliate Transactions); and Schedule 7.9 (Existing Burdensome Agreements).

  • No Loan Party is subject to any Burdensome Agreements except Burdensome Agreements permitted under Section 7.08.

  • NEGATIVE COVENANTS 60 Section 7.01 Liens 60 Section 7.02 Investments 61 Section 7.03 Indebtedness 62 Section 7.04 Fundamental Changes 63 Section 7.05 Dispositions 63 Section 7.06 Restricted Payments 64 Section 7.07 Change in Nature of Business 65 Section 7.08 Transactions with Affiliates 65 Section 7.09 Burdensome Agreements 66 Section 7.10 Use of Proceeds 66 Section 7.11 Accounting Changes 66 Section 7.12 Prepayments, Etc.

  • NEGATIVE COVENANTS 119 7.01 Liens 119 7.02 Acquisitions 122 7.03 Indebtedness 122 7.04 Fundamental Changes 124 7.05 Dispositions 124 7.06 Restricted Payments 126 7.07 Change in Nature of Business 126 7.08 Transactions with Affiliates 126 7.09 Burdensome Agreements 127 7.10 Use of Proceeds 127 7.11 Financial Covenants 127 7.12 [Reserved.] 128 7.13 Amendments of Organization Documents 128 7.14 Accounting Changes 128 7.15 [Reserved.] 128 7.16 Amendment, Etc.

  • NEGATIVE COVENANTS 100 7.01 Liens 100 7.02 Investments 100 7.03 Indebtedness 100 7.04 Fundamental Changes; Dispositions 101 7.05 Prohibition on Additional Equity Interests and New Members 102 7.06 Restricted Payments 102 7.07 Change in Nature of Business 103 7.08 Transactions with Affiliates 103 7.09 Burdensome Agreements 103 7.10 Use of Proceeds 103 7.11 Financial Covenants.

  • Work safety is very important in terms of protecting workers to avoid accidents.

  • Permit the Fixed Charge Coverage Ratio, determined as of the last day of any fiscal quarter of Borrower (measured on a rolling four quarter basis for the trailing four fiscal quarters), to be less than (1) for the fiscal quarter ending on March 31, 2007 1.20 to 1.00, (2) for each fiscal quarter beginning with the fiscal quarter ending on June 30, 2007 and ending on or prior to March 31, 2008, 1.10 to 1.00, and (3) for each fiscal quarter thereafter, 1.35 to 1.00." 1.14 Burdensome Agreements.

  • Section 7.01 Restriction on Liens 52 Section 7.02 Limitation on Indebtedness 54 Section 7.03 Investments 56 Section 7.04 Fundamental Changes 58 Section 7.05 Dispositions 59 Section 7.06 Restricted Payments, etc 60 Section 7.07 Change in Nature of Business 61 Section 7.08 Transactions with Affiliates 61 Section 7.09 Burdensome Agreements 61 Section 7.10 Use of Proceeds 62 Section 7.11 Financial Covenants.

Related to Burdensome Agreements

  • Burdensome Restrictions means any consensual encumbrance or restriction of the type described in clause (a) or (b) of Section 6.10.

  • Restrictive Agreements as defined in subsection 3.3(a).

  • Burdensome Condition has the meaning set forth in Section 5.06(a).

  • VIE Agreements means the Exclusive Service Agreement, the Exclusive Call Option Agreement, the Shareholder Voting Rights Proxy Agreement and the Equity Pledge Agreement entered into by and among some or all of the Parties hereto on the same day this agreement is entered, including any supplemental agreements or amendments to such agreements, and any other agreements, contracts or legal documents executed or issued by one or more Parties and/or Party C’s affiliated enterprises from time to time to ensure the performance of the aforesaid agreements, signed or accepted by Party A in writing.

  • Note Agreements means, collectively, the 1995 Note Agreement, the 2000 Note Agreement and the 2001 Note Agreement.

  • Existing Agreements has the meaning as set forth in Section 3.2 hereof.

  • Acquisition Agreements has the meaning specified in the Recitals.

  • Restrictive Covenant Agreements has the meaning set forth in the Recitals.

  • Lock-Up Agreements means the lock-up agreements that are delivered on the date hereof by each of the Company’s officers and directors, in the form of Exhibit A attached hereto.

  • Restrictive Agreement an agreement (other than a Loan Document) that conditions or restricts the right of any Borrower, Subsidiary or other Obligor to incur or repay Borrowed Money, to grant Liens on any assets, to declare or make Distributions, to modify, extend or renew any agreement evidencing Borrowed Money, or to repay any intercompany Debt.

  • Material Agreements has the meaning set forth in Section 2.6.

  • Company IP Agreements means all licenses, sublicenses, consent to use agreements, settlements, coexistence agreements, covenants not to sue, waivers, releases, permissions and other Contracts, whether written or oral, relating to Intellectual Property to which the Company is a party, beneficiary or otherwise bound.

  • Collective Agreements means collective agreements and related documents including benefit agreements, letters of understanding, letters of intent and other written communications (including arbitration awards) by which the Company and any of its Subsidiaries are bound.

  • IP Agreements means all material Copyright Licenses, Patent Licenses, Trademark Licenses, and all other agreements, permits, consents, orders and franchises relating to the license, development, use or disclosure of any material Intellectual Property to which a Pledgor, now or hereafter, is a party or a beneficiary, including, without limitation, the agreements set forth on Schedule III hereto.

  • Material Consents as defined in Section 7.3.

  • Noncompetition Agreements as defined in Section 2.4(a)(iv).

  • Operative Agreements means this Agreement, the Liquidity Facilities, the Fee Letters, the Indentures, the Trust Agreements, the Participation Agreements, the Equipment Notes and the Certificates, together with all exhibits and schedules included with any of the foregoing.

  • Intercompany Agreements has the meaning set forth in Section 2.03(a).

  • Retention Agreements has the meaning set forth in Section 5.11(e).

  • industrial agreement means an agreement registered by the Commission under this Act as an industrial agreement;

  • Subordination Agreements means, collectively, any subordination agreements entered into by any Person from time to time in favor of Agent in connection with any Subordinated Debt, the terms of which are acceptable to the Agent, in each case as the same may be amended, restated or otherwise modified from time to time, and “Subordination Agreement” shall mean any one of them.

  • Farm-In Agreement means an agreement whereby a Person agrees to pay all or a share of the drilling, completion or other expenses of an exploratory or development well (which agreement may be subject to a maximum payment obligation, after which expenses are shared in accordance with the working or participation interest therein or in accordance with the agreement of the parties) or perform the drilling, completion or other operation on such well in exchange for an ownership interest in an oil or gas property.

  • Trade Agreements means any applicable trade agreement to which Ontario is a signatory.

  • Voting Agreements has the meaning set forth in the Recitals.

  • Material Contracts has the meaning set forth in Section 3.09(a).

  • Joinder Agreements means for each Subsidiary, a completed and executed Joinder Agreement in substantially the form attached hereto as Exhibit F.