Common use of Additional Pledges Clause in Contracts

Additional Pledges. The Borrower Group Members have no right to pledge or encumber any other assets owned or held by such Borrower Group Members (other than the Collateral) because such Borrower Group Members are prohibited from pledging or encumbering any assets other than the Collateral by the terms and provisions of the Senior Loan Documents.

Appears in 1 contract

Sources: Loan Agreement (Prime Retail Inc/Bd/)

Additional Pledges. The Borrower Group Members have no right to pledge or encumber any other assets owned or held by such Borrower Group Members (other than the Collateral) because such Borrower Group Members are prohibited from pledging or encumbering any assets other than the Collateral by the terms and provisions of the Senior Loan Documents.................................................................37 5.57

Appears in 1 contract

Sources: Loan Agreement (Prime Retail Inc/Bd/)