Common use of Acquisition of Liens or Guaranties Clause in Contracts

Acquisition of Liens or Guaranties. Each Obligor shall not, without the prior consent of Lender, acquire any right or interest in or to any Collateral not owned by such Obligor or accept any guaranties for the Subordinated Debt which are not currently existing or being entered into in connection with the transactions contemplated by the Loan Documents except to the extent permitted by the Loan Agreement or the other Loan Documents.

Appears in 1 contract

Samples: Intercompany Subordination Agreement (Sugarfina Corp)

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Acquisition of Liens or Guaranties. Each Except as permitted under the Loan Agreement, each Obligor shall not, without the prior consent of LenderAgent, acquire any right or interest in or to any Collateral not owned by such assets of any other Obligor or accept any guaranties from any other Obligor or from any other Subsidiary of Borrowers for the Subordinated Debt which are not currently existing or being entered into in connection with the transactions contemplated by the Loan Documents except to the extent permitted by the Loan Agreement or the other Loan DocumentsDebt.

Appears in 1 contract

Samples: Intercompany Subordination Agreement (GNLV Corp)

Acquisition of Liens or Guaranties. Each Except as otherwise permitted under the Loan Agreement, each Obligor shall not, without the prior consent of LenderAgent, acquire any right or interest in or to any Collateral not owned by such Obligor or accept any guaranties for the Subordinated Debt which are not currently existing or being entered into in connection with the transactions contemplated by the Loan Documents except to the extent permitted by the Loan Agreement or the other Loan DocumentsDebt.

Appears in 1 contract

Samples: Intercompany Subordination Agreement (Iron Age Holdings Corp)

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Acquisition of Liens or Guaranties. Each Except as permitted under the Financing Agreement, each Obligor shall not, without the prior consent of LenderCollateral Agent, acquire any right or interest in or to any Collateral not owned by such assets of any other Obligor or accept any guaranties from any other Obligor or from any other Subsidiary of Borrower for the Subordinated Debt which are not currently existing or being entered into in connection with the transactions contemplated by the Loan Documents except to the extent permitted by the Loan Agreement or the other Loan DocumentsDebt.

Appears in 1 contract

Samples: Financing Agreement (Dice Holdings, Inc.)

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