Negative Pledges definition

Negative Pledges means the negative pledges from the Target referred to in Clause 10.1.4.

Negative Pledges means, collectively, (a) that certain Negative Pledge of even date herewith by Operating Company in favor of Agent, for the benefit of the Lenders, as the same may be amended, restated, replaced, supplemented or otherwise modified form time to time and (b) that certain Negative Pledge of even date herewith by Observatory Tenant in favor of Agent, for the benefit of the Lenders, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

Negative Pledges means the negative pledges from the Shareholders referred to in Clause 10.1.5 and “Negative Pledge” means any one of them.

Examples of Negative Pledges in a sentence

• As of the Agreement Date, there are no Liens or Negative Pledges against any Unencumbered Assets except for Permitted Liens.

• Enter into, assume or become subject to any Negative Pledge, other than Negative Pledges entered into in connection with Indebtedness that is otherwise permitted pursuant to Section 7.11 hereof, relating only to the properties or assets constructed or acquired in connection with such Indebtedness.

• Notwithstanding anything contained herein, this provision shall not be deemed to prohibit or restrict the Borrower’s ability to enter into Indebtedness that limits the Borrower’s ability to enter into Negative Pledges in a manner identical to, or no more restrictive than, this Section 7.13.

• Neither the Pledged Interests nor any asset owned by the issuer of such Pledged Interest nor any direct or indirect interest of Borrower in such issuer shall be subject to any Lien (other than Permitted Liens of the types described in clauses (a)(x) and (i) of the definition thereof) or Negative Pledge, other than Negative Pledges permitted pursuant to Section 9.2.(b)(iii) and Section 9.2.(b)(iv).

• Anything in the foregoing or elsewhere in the Loan Documents to the contrary notwithstanding, it is understood that no Liens, other than Permitted Liens, or Negative Pledges, except for the benefit of the Banks, are permitted on or with respect to any of the Property of Borrower.

More Definitions of Negative Pledges

Negative Pledges means the Agreements Not to Sell or Encumber ---------------- Assets executed by the Borrower and each Subsidiary in favor of the Agent and the Lenders.

Negative Pledges. The Negative Pledges in which the Borrowers or other owner thereof shall grant to a Trustee for the benefit of Bank a negative pledge on the specified real property and improvements thereon (“Subject Property”). Security Agreement(s): Security Agreement(s) in which Borrowers and any other owner (a “Debtor”) of personal property collateral shall grant to Bank a first priority security interest in the personal property specified therein. (If Bank has or will have a security interest in any collateral which is inferior to the security interest of another creditor, the Borrowers must fully disclose to Bank any and all prior security interests, and Bank must specifically approve any such security interest which will continue during the Loan.)

Negative Pledges means the negative pledge agreements dated as of the Effective Date executed by the Companies in favor of FFCA in the form of Exhibit F attached hereto. A Negative Pledge will be executed for each of the Premises.

Negative Pledges means the negative pledges from Teekay Lux and Scarlet LNG referred to in Clause 10.1.6.

Negative Pledges. The Negative Pledges in which the Borrowers or other owner thereof shall grant to a Trustee for the benefit of Bank a negative pledge on the specified real property and improvements thereon (“Subject Property”).

Negative Pledges means (i) that certain Restrictive Covenant executed by MC/RVM Associates Limited Partnership for the benefit of Lender, (ii) that certain Restrictive Covenant executed by HESPLP for the benefit of Lender, and (iii) that certain Restrictive Covenant executed by 4600 Xxxxxx Xxxxxxxxx Xxxnt Venture, a District of Columbia general partnership, for the benefit of Lender, all of even or approximate date herewith, as any of them may hereafter be amended.

Negative Pledges. Other than as set forth in Section 4.12 of the Indenture, none of the Credit Parties will, nor will it permit any of its Subsidiaries to, enter into, assume or become subject to any agreement prohibiting or otherwise restricting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired, or requiring the grant of any security for such obligation if security is given for some other obligation; provided, however, (a) the Indebtedness incurred or assumed, as applicable, pursuant to Sections 8.1(f) and 8.1(m) may restrict the creation of any additional Liens on the assets securing such Indebtedness, (b) prior to the occurrence of a Release of Collateral Event and the exercise by the Borrower of its rights under Section 11.18, a Credit Party may restrict the creation of any Liens on any assets in which the Lenders do not have (or are not entitled to) a security interest therein or a Lien thereon and (c) subsequent to the occurrence of a Release of Collateral Event and the exercise by the Borrower of its rights under Section 11.18, a Credit Party may enter into an agreement that requires the grant of security, on a pari passu basis, for the obligation evidenced by such agreement, if security is given for another obligation.