Common use of Acquisition of Liens or Guaranties Clause in Contracts

Acquisition of Liens or Guaranties. No Company shall, without the prior written consent of Agent, acquire any right or interest in or to any Collateral not owned by such Company or accept any guaranties for the Intercompany Subordinated Debt, except as expressly permitted by the Loan Documents.

Appears in 2 contracts

Samples: Intercompany Subordination Agreement (Endologix Inc /De/), Intercompany Subordination Agreement (Endologix Inc /De/)

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Acquisition of Liens or Guaranties. No Except as permitted by the Transaction Documents, no Company shall, without the prior written consent of the Collateral Agent, acquire any right or interest in or to any Collateral not owned by such Company or accept any guaranties for the Intercompany Subordinated Debt, except as expressly permitted by the Loan Documents.

Appears in 1 contract

Samples: Securities Purchase Agreement (Olympus Pacific Minerals Inc)

Acquisition of Liens or Guaranties. No Except as otherwise permitted by the Credit Documents, no Company Entity shall, without the prior written consent of Administrative Agent, acquire any right or interest in or to any Collateral not owned by such Company Entity or accept any guaranties for the Intercompany Subordinated Debt, except as expressly permitted by the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Arc Document Solutions, Inc.)

Acquisition of Liens or Guaranties. No Except as permitted by the Loan Documents, no Company shall, without the prior written consent of Agent, acquire any right or interest in or to any Collateral not owned by such Company or accept any guaranties for the Intercompany Subordinated Debt, except as expressly permitted by the Loan Documents.

Appears in 1 contract

Samples: Intercompany Subordination Agreement (American Commercial Lines Inc.)

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Acquisition of Liens or Guaranties. No Except as otherwise permitted by the Credit Documents, no Company Entity shall, without the prior written consent of Agent, acquire any right or interest in or to any Collateral not owned by such Company Entity or accept any guaranties for the Intercompany Subordinated Debt, except as expressly permitted by the Loan Documents.

Appears in 1 contract

Samples: Security Agreement (Arc Document Solutions, Inc.)

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