Common use of Limitation on Negative Pledge Clauses Clause in Contracts

Limitation on Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of the Parent, the Borrower or any of its Class I Restricted Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its Property or revenues, whether now owned or hereafter acquired, to secure the Obligations or, in the case of any Guarantor, its obligations under the Guarantee and Collateral Agreement, other than:

Appears in 6 contracts

Samples: Credit Agreement (Cinemark Usa Inc /Tx), Credit Agreement (Cinemark Usa Inc /Tx), Credit Agreement (Cinemark Holdings, Inc.)

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Limitation on Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of the Parent, the Borrower or any of its Class I Restricted Subsidiaries Subsidiary to create, incur, assume or suffer to exist any Lien upon any of its Property property or revenues, whether now owned or hereafter acquired, to secure the Obligations or, in the case of any Guarantor, its obligations under the Guarantee and Collateral AgreementObligations, other than:

Appears in 4 contracts

Samples: Fourth Amendment (PHH Corp), Credit Agreement (PHH Corp), Fourth Amendment (PHH Corp)

Limitation on Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of the Parent, the Borrower or any of its Class I Restricted Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its Property or revenues, whether now owned or hereafter acquired, to secure the Obligations or, in the case of any Guarantorguarantor, its obligations under the Guarantee and Collateral Agreement, other than:

Appears in 3 contracts

Samples: Credit Agreement (UCI Holdco, Inc.), Credit Agreement (UCI Holdco, Inc.), Credit Agreement (Chefford Master Manufacturing Co Inc)

Limitation on Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of the Parent, Holdings, the Borrower or any of its Class I Restricted Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its Property or revenues, whether now owned or hereafter acquired, to secure the Obligations or, in the case of any Guarantor, its obligations under the Guarantee and Collateral Agreement, other than:

Appears in 2 contracts

Samples: Credit Agreement (Cinemark Usa Inc /Tx), Credit Agreement (Cinemark Usa Inc /Tx)

Limitation on Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that which prohibits or limits the ability of the Parent, the Borrower Company or any of its Class I Restricted Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its Property or revenues, whether now owned or hereafter acquired, to secure other than (a) this Agreement and the other Loan Documents and (b) any agreements governing any purchase money Liens or Capital Lease Obligations orotherwise permitted hereby (in which case, in any prohibition or limitation shall only be effective against the case of any Guarantor, its obligations under the Guarantee and Collateral Agreement, other than:assets financed thereby).

Appears in 2 contracts

Samples: Credit Agreement (Ddi Capital Corp/Dynamic Details Inc), Credit Agreement (Ddi Corp)

Limitation on Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of the Parent, the Borrower or any of its Class I Restricted Subsidiaries the Lessor, as the case may be, to create, incur, assume or suffer to exist any Lien upon any of its Property or revenues, whether now owned or hereafter acquired, to secure the Obligations orother than (a) this Agreement and the other Loan Documents, in and (b) the case of any Guarantor, its obligations under the Guarantee and Collateral Agreement, other than:Operative Documents to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (Northwestern Corp)

Limitation on Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of the Parent, Holdings, Intermediate Holdings, the Borrower or any of its Class I Restricted Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its Property or revenues, whether now owned or hereafter acquired, to secure the Obligations or, in the case of any Guarantor, its obligations under the Guarantee and Collateral Agreement, other than:

Appears in 1 contract

Samples: Credit Agreement (Cinemark Usa Inc /Tx)

Limitation on Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of the Parent, the Borrower or any of its Class I Restricted Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its Property or revenues, whether now owned or hereafter acquired, to secure the Obligations or, in the case of any Guarantor, its obligations under the Guarantee and Collateral AgreementObligations, other than:than (a) this Agreement and the other Loan Documents and (b) any agreements governing any purchase money Liens or Capital Lease Obligations otherwise permitted hereby (in which case, any prohibition or limitation shall only be effective against the assets financed thereby).

Appears in 1 contract

Samples: Credit Agreement (Global Crossing LTD)

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Limitation on Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of the Parent, the Borrower or any of its Class I Restricted Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its Property or revenues, whether now owned or hereafter acquired, to secure the Finance Obligations or, in the case of any Subsidiary Guarantor, its obligations under the Guarantee and Collateral Agreement, other than:

Appears in 1 contract

Samples: Credit Agreement (United Components Inc)

Limitation on Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that which prohibits or limits the ability of the ParentHoldings, the Borrower or any of its Class I Restricted Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its Property or revenues, whether now owned or hereafter acquired, to secure other than (a) this Agreement and the Obligations orother Loan Documents and (b) any agreements governing any purchase money Liens otherwise permitted hereby (in which case, in any prohibition or limitation shall only be effective against the case of any Guarantor, its obligations under the Guarantee and Collateral Agreement, other than:assets financed thereby).

Appears in 1 contract

Samples: Credit Agreement (Cpi Aerostructures Inc)

Limitation on Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of any of the Parent, the Borrower Borrowers or any of its Class I Restricted their respective Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its Property property or revenues, whether now owned or hereafter acquired, other than (a) this Agreement and the other Loan Documents and (b) any agreements, documents or instruments pursuant to secure which Liens not prohibited by the Obligations orterms of this Agreement are created, in the case of any Guarantor, its obligations under the Guarantee and Collateral Agreement, other than:entered into are allowed to exist.

Appears in 1 contract

Samples: Credit Agreement (Saturn Electronics & Engineering Inc)

Limitation on Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of the Parent, the Borrower or any of its Class I Restricted Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its Property or revenuesthe Collateral, whether now owned or hereafter acquired, to secure the Obligations orObligations, in the case of any Guarantor, its obligations under the Guarantee and Collateral other than this Agreement, other than:the Other Documents and restrictions imposed by applicable law, rule or regulation.

Appears in 1 contract

Samples: Revolving Credit Agreement (Crystal River Capital, Inc.)

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