IX NEGATIVE COVENANTS. 72 SECTION 9.1
IX NEGATIVE COVENANTS. 63 9.1 Limitation on Liens................................................................................. 63 9.2 Asset Dispositions, etc............................................................................. 65 9.3
IX NEGATIVE COVENANTS. 60 Section 9.01 Debt..................................................................................60 Section 9.02 Liens.................................................................................61 Section 9.03 Investments, Loans and Advances.......................................................62 Section 9.04 Dividends, Distributions and Redemptions..............................................62 Section 9.05 Sales and Leasebacks..................................................................63 Section 9.06 Nature of Business....................................................................63 Section 9.07 Limitation on Leases..................................................................63 Section 9.08 Mergers, Acquisitions, Etc............................................................63 Section 9.09 Proceeds of Notes; Letters of Credit..................................................63 Section 9.10
IX NEGATIVE COVENANTS. 16 Section 9.1 Debt.........................................................16 Section 9.2 Limitation on Liens..........................................16 Section 9.3
IX NEGATIVE COVENANTS. Each Borrower covenants and agrees as to itself and its Subsidiaries that on and after the Effective Date and until the Total Commitment and all Letters of Credit have terminated and the Loans, Notes and Unpaid Drawings, together with interest, Fees and all other Obligations incurred hereunder and thereunder are paid in full: Section 9.01 LiensLiens. None of the Borrowers will, nor will it permit any of its Subsidiaries to, create, incur, assume or suffer to exist any Lien upon or with respect to any property or assets (real or personal, tangible or intangible) of such Borrower or any of its Subsidiaries, whether now owned or hereafter acquired, or sell any such property or assets subject to an understanding or agreement, contingent or otherwise, to repurchase such property or assets (including sales of accounts receivable with recourse to any Borrower or any of its Subsidiaries), or assign any right to receive income or permit the filing of any financing statement under the UCC or any other similar notice of Lien under any similar recording or notice statute; provided that the provisions of this Section 9.01 shall not prevent the creation, incurrence, assumption or existence of the following Liens (collectively, “Permitted Liens”): (i) inchoate Liens for taxes not yet due and payable and delinquent, or Liens for taxes being contested in good faith and by appropriate proceedings for which adequate reserves (in the good faith judgment of the management of Silgan) have been established and deemed trusts or other Liens that are unregistered and that secure amounts that are not yet due and payable and delinquent in respect of unpaid wages, vacation pay, employee or non-resident withholding tax source deductions, goods and services taxes, sales taxes, harmonized sales taxes, municipal taxes, workers’ compensation, unemployment insurance, pension fund obligations and realty taxes; 150 150546217_8170136845_8
IX NEGATIVE COVENANTS. 54 SECTION 9.01. Debt...................................................................................... 54 SECTION 9.02. Liens..................................................................................... 55
IX NEGATIVE COVENANTS. Until all of the Credit and Collateral Termination Events have occurred, each of the Borrower and (by execution and delivery of the Guaranty Agreement or of a joinder thereto and incorporation by reference therein) each Guarantor agrees that, unless the Required Lenders shall have otherwise consented in writing, it will not, and will not permit any of its Subsidiaries to:
IX NEGATIVE COVENANTS. 56 Section 9.1
IX NEGATIVE COVENANTS. QSRD and the Borrower covenant and agree that, so long as any of the Commitments are in effect and until payment in full of Loans hereunder, all interest thereon and all other amounts payable by the Borrower hereunder or any Obligor under any Loan Document, without the prior written consent of the Majority Lenders:
IX NEGATIVE COVENANTS. 75 9.1 Indebtedness........................................................ 75 9.2 Liens............................................................... 76
