We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Negative Pledge Agreement definition

Negative Pledge Agreement means the Negative Pledge Agreement(s) dated on or about April 6, 2010, executed by any Borrower in favor of Bank and any similar negative pledge financing statements covering Property of any Borrower, as the Negative Pledge Agreement may be amended, supplemented or otherwise modified from time to time.
Negative Pledge Agreement means an agreement in the form of Exhibit H.
Negative Pledge Agreement means a Negative Pledge Agreement executed and delivered by an Excluded Subsidiary in favor of the Administrative Agent for the benefit of the Secured Parties, in substantially the form of Exhibit O hereto.

Examples of Negative Pledge Agreement in a sentence

  • Borrower hereby ratifies, confirms and reaffirms, all and singular, the terms and conditions of a certain Negative Pledge Agreements each dated as of January 30, 2003 between Borrower and Bank, and acknowledges, confirms and agrees that said Negative Pledge Agreement shall remain in full force and effect.

  • The Borrower defaults in the performance or observance of any other covenant, agreement or undertaking on its part to be performed or observed, contained herein, in the Negative Pledge Agreement, or in any other instrument or document which now or hereafter evidences or secures all or any part of the Revolving Credit Loan and the same shall remain unremedied for 30 days.

  • In the event of any conflict between the provisions hereof and the provisions of the Negative Pledge Agreement, the Note or any other loan documents executed or delivered herewith or in connection with the original Loan made by Bank to the Borrower on or about April 6, 2010 or any other document executed in connection herewith during the continuance of this Loan Agreement, the provisions of this Loan Agreement shall control.

  • Time is of the essence of this Loan Agreement, the Note, the Negative Pledge Agreement or any other loan documents executed or delivered herewith or in connection with the original Loan made by Bank to the Borrower on or about April 6, 2010 and the other instruments and documents executed and delivered in connection herewith.

  • Borrower hereby ratifies, confirms and reaffirms, all and singular, the terms and conditions of the Negative Pledge Agreement and acknowledges, confirms and agrees that the Negative Pledge Agreement remains in full force and effect.


More Definitions of Negative Pledge Agreement

Negative Pledge Agreement means that certain Negative Pledge Agreement by and between Borrower and Bank of even date herewith.
Negative Pledge Agreement means that certain Negative Pledge Agreement, dated as of the Closing Date, by Borrowers and Guarantors in favor of Agent.
Negative Pledge Agreement means that certain Negative Pledge Agreement originally dated as of July 15, 1993 by and among Geraxx X. Xxxdx, Xxxx X. Lxxxx xxx Fleet National Bank (f/k/a/ Shawmut Bank Connecticut, National Association), as most recently amended and confirmed by Geraxx X. Xxxdx, Xxxx X.
Negative Pledge Agreement the deed named “Negative Pledge” dated 29 October 1991 between the Bank, Sims and the
Negative Pledge Agreement means a written agreement executed by the Borrower or any other Person which owns a Hotel Property wherein the Borrower or such Person agrees not to encumber, transfer, pledge, assign, mortgage or otherwise hypothecate such Hotel Property in any manner.
Negative Pledge Agreement means the Amended and Restated Negative Pledge Agreement, dated as of the Restatement Date among FERC Owner and the Collateral Agent.
Negative Pledge Agreement is that certain Negative Pledge Agreement dated as of the date hereof by and between Borrower and Bank.