Negative Pledges definition

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 Target referred to in Clause 10.1.4.

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.

• The obligations of the Guarantor under the Guarantee constitute direct, unconditional and (subject to the provisions of Condition 4 (Negative Pledges)) unsecured obligations of the Guarantor and (subject as provided above) rank and will rank pari passu with all other outstanding unsecured and unsubordinated obligations of the Guarantor, present and future, but, in the event of insolvency, only to the extent permitted by applicable laws relating to creditors' rights.

• 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).

More Definitions of Negative Pledges

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

Negative Pledges means the amended and restated 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. 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 is defined in the Revolving Credit Agreement.

Negative Pledges. - means the undertakings by the Borrower in clause 15.3 below and the Foreign Subsidiary Negative Pledges;

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.