Additional Negative Pledge. Agree or covenant with or promise any person or entity other than Banks and the holders of the Senior Notes that it will not pledge its assets or properties or otherwise grant any liens, security interests or encumbrances on its property on terms similar to those set forth in Paragraph 7.4 hereof.
Appears in 2 contracts
Sources: Credit Agreement (Sunsource Inc), Credit Agreement (Sunsource Inc)
Additional Negative Pledge. Agree or covenant with or promise any person or entity other than Banks you and the holders of the Senior Notes Banks that it will not pledge its assets or properties or otherwise grant any liens, security interests or encumbrances on its property on terms similar to those set forth in Paragraph 7.4 6.4 hereof.
Appears in 2 contracts
Sources: Note Purchase Agreement (Sunsource Inc), Note Purchase Agreement (Sunsource Inc)
Additional Negative Pledge. Agree or covenant with or promise any person or entity other than Banks and the holders of the Senior Notes Bank that it will not pledge its assets or properties or otherwise grant any liens, security interests or encumbrances on its property except (i) in connection with the proposed mortgage on terms similar the distribution facility and (ii) agreements not to those set forth in Paragraph 7.4 hereofpledge Leases.
Appears in 1 contract
Sources: Credit Agreement (Delias Inc)
Additional Negative Pledge. Agree or covenant with or promise -------------------------- any person or entity other than Banks and the holders of the Senior Notes Bank that it will not pledge its assets or properties or otherwise grant any liens, security interests or encumbrances on its property on terms similar other than in favor of persons benefitting from a Lien permitted by Section 6.4(i) and which negative pledge is limited to those set forth in Paragraph 7.4 hereofthe assets subject to such Lien.
Appears in 1 contract
Sources: Credit Agreement (Zany Brainy Inc)
Additional Negative Pledge. Agree or covenant with or promise any person or entity other than the Banks and the holders of the Senior Notes that it will not pledge its assets or properties or otherwise grant any liens, security interests or encumbrances on its property on terms similar to those set forth in Paragraph 7.4 hereofproperty.
Appears in 1 contract