Common use of Negative Pledge Agreements Clause in Contracts

Negative Pledge Agreements. The Borrower shall not, and shall not cause or permit any Restricted Subsidiary to, enter into or permit to exist any Contractual Requirement (other than this Agreement or any other Loan Document) that limits the ability of the Borrower or any Restricted Subsidiary to create, incur, assume or suffer to exist Liens on property of such Person (other than property specifically excluded from the Collateral requirements pursuant to Section 8.1.17(b) [Collateral]) for the benefit of the Secured Parties with respect to the Obligations or under the Loan Documents; provided that the foregoing shall not apply to each of the following Contractual Requirements that:

Negative Pledge Agreements. The Borrower shall will not, and shall will not cause or permit any of the Restricted Subsidiary Subsidiaries to, enter into or permit to exist any Contractual Requirement (other than this Agreement or any other Loan DocumentCredit Document or any documentation in respect of secured Indebtedness otherwise permitted hereunder) that limits the ability of the Borrower or any Restricted Subsidiary Guarantor to create, incur, assume or suffer to exist Liens on property of such Person (other than property specifically excluded from the Collateral requirements pursuant to Section 8.1.17(b) [Collateral]) for the benefit of the Secured Parties with respect to the Obligations or under the Loan DocumentsCredit Documents or to guarantee the Obligations; provided that the foregoing shall not apply to each of the following Contractual Requirements that:

Negative Pledge Agreements. The Borrower shall will not, and shall will not cause or permit any of the Restricted Subsidiary Subsidiaries to, enter into or permit to exist any Contractual Requirement (other than this Agreement or any other Loan DocumentCredit Document or any documentation in respect of Permitted Additional Debt or secured Indebtedness otherwise permitted hereunder) that limits the ability of the Borrower or any Restricted Subsidiary Guarantor to create, incur, assume or suffer to exist Liens on property of such Person (other than property specifically excluded from the Collateral requirements pursuant to Section 8.1.17(b) [definition of “Collateral]”) for the benefit of the Secured Parties with respect to the Obligations or under the Loan Credit Documents; provided that the foregoing shall not apply to each of the following Contractual Requirements that: