Common use of Limitation on Negative Pledge Clauses Clause in Contracts

Limitation on Negative Pledge Clauses. Enter into any agreement with any Person other than the Bank which prohibits or limits its ability to create or permit to exist any Lien on any of its Property, whether now owned or hereafter acquired.

Appears in 20 contracts

Samples: Credit Agreement (Nautilus, Inc.), Credit Agreement (CSW Industrials, Inc.), Credit Agreement (First Busey Corp /Nv/)

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Limitation on Negative Pledge Clauses. Enter into any agreement with any Person person other than the Bank which prohibits or limits the ability of the Borrower or any of its ability subsidiaries to create or permit to exist any Lien lien on any of its Propertyproperty, assets or revenues, whether now owned or hereafter acquired.

Appears in 14 contracts

Samples: Credit Agreement (Advanced Materials Group, Inc.), Credit Agreement (Heelys, Inc.), Chase Credit Agreement (Heelys, Inc.)

Limitation on Negative Pledge Clauses. Enter into or permit to exist any agreement with any Person other than the Bank which prohibits or limits its ability to create or permit to exist any Lien on any of its Property, whether now owned or hereafter acquired.

Appears in 3 contracts

Samples: Credit Agreement (Friedman Industries Inc), Credit Agreement (Tandy Leather Factory Inc), Credit Agreement (Satellogic Inc.)

Limitation on Negative Pledge Clauses. Enter into any agreement with any Person other than the Bank Rank which prohibits or limits its ability to create or permit to exist any Lien on any of its Property, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Supreme Industries Inc)

Limitation on Negative Pledge Clauses. Enter into any agreement other than the Subordinated Credit Agreement and the related documents referred to therein with any Person other than the Bank which prohibits or limits its ability to create or permit to exist any Lien on any of its Property, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Xhibit Corp.)

Limitation on Negative Pledge Clauses. Enter into any agreement with any Person other than the Bank which prohibits or limits its ability to create or permit to exist any Lien on any of its PropertyAccounts or Inventory, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Friedman Industries Inc)

Limitation on Negative Pledge Clauses. Enter into any agreement with any Person person other than the Bank which prohibits or limits the ability of the Borrower or any of its ability subsidiaries to create or permit to exist any Lien lien on any of its Propertyproperty, assets or revenues, whether now owned or hereafter acquired., except for liens permitted by Section 5.2D.

Appears in 1 contract

Samples: Credit Agreement (Cavco Industries Inc)

Limitation on Negative Pledge Clauses. Enter Except as otherwise expressly permitted by this Agreement, enter into or permit to exist any agreement with any Person other than the Bank which prohibits or limits its ability to create or permit to exist any Lien on any of its Property, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Northern Technologies International Corp)

Limitation on Negative Pledge Clauses. Enter into any agreement with any Person other than the Bank which prohibits or limits its ability to create or permit to exist any Lien (other than Permitted Liens) on any of its Property, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Frequency Electronics Inc)

Limitation on Negative Pledge Clauses. Enter Other than the negative pledges in effect as of the date hereof that relate to the collateral described in such negative pledges as of the date hereof, enter into any agreement with any Person other than the Bank which prohibits or limits its ability to create or permit to exist any Lien on any of its Property, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Insys Therapeutics, Inc.)

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Limitation on Negative Pledge Clauses. Enter into any agreement with any Person person other than the Bank which prohibits or limits the ability of the Borrower or any of its ability Subsidiaries to create or permit to exist any Lien lien on any of its Propertyproperty, assets or revenues, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Note Modification Agreement (Flexsteel Industries Inc)

Limitation on Negative Pledge Clauses. Enter into any agreement with any Person other than the Bank Lender or the Senior Lender which prohibits or limits its ability to create or permit to exist any Lien on any of its Property, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Xhibit Corp.)

Limitation on Negative Pledge Clauses. Enter into any agreement with any Person other than the Bank which prohibits or limits its the ability of the Borrower to create create, incur, assume or permit suffer to exist any Lien on upon any of its Propertyproperties, assets or revenues, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Environmental Tectonics Corp)

Limitation on Negative Pledge Clauses. Enter into any agreement agreements with any Person person other than the Bank which prohibits or limits the ability of the Borrower or any of its ability subsidiaries to create or permit to exist any Lien on lien or any of its Propertyproperty, assets or revenues, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Ari Network Services Inc /Wi)

Limitation on Negative Pledge Clauses. Enter into or permit to exist any agreement with any Person other than the Bank which prohibits or limits its ability to create or permit to exist any Lien on any of its Property, whether now owned or hereafter acquired., except and to the extent required by any provider of indebtedness permitted under 5.1.A.

Appears in 1 contract

Samples: Credit Agreement (Charles & Colvard LTD)

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