Common use of Negative Pledge Agreements Clause in Contracts

Negative Pledge Agreements. Borrower shall not permit the inclusion in any contract to which it becomes a party of any provisions that could restrict or invalidate the creation of a security interest in Borrower’s rights and interests in any Collateral.

Appears in 12 contracts

Samples: Centura   Loan and Security Agreement (Portfolio Recovery Associates Inc), Loan and Security Agreement (Portfolio Recovery Associates Inc), Loan and Security Agreement (Computer Software Innovations Inc)

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Negative Pledge Agreements. Borrower shall not permit the inclusion in any contract to which it becomes a party of any provisions that could restrict or invalidate the creation of a security interest in favor of Bank in Borrower’s rights and interests in any Collateral.

Appears in 3 contracts

Samples: Loan and Security Agreement (Verilink Corp), Centura   Loan Agreement (Computer Software Innovations Inc), Computer Software Innovations Inc

Negative Pledge Agreements. Borrower shall not, and shall not permit any of its Subsidiaries to, permit the inclusion in any contract to which it becomes a party of any provisions that could restrict or invalidate the creation of a security interest in Borrower’s or any Guarantor’s rights and interests in any Collateral.

Appears in 2 contracts

Samples: Loan and Security Agreement (Widepoint Corp), Centura   Loan and Security Agreement (Widepoint Corp)

Negative Pledge Agreements. Borrower shall not permit the inclusion in any contract to which it becomes a party of any provisions that could restrict or invalidate might in any way prevent the creation of a security interest in Borrower’s 's rights and interests in any Collateral, unless an exception is made therein for the security interest of Bank.

Appears in 2 contracts

Samples: Loan and Security Agreement (Novatel Wireless Inc), Loan and Security Agreement (Novatel Wireless Inc)

Negative Pledge Agreements. Borrower shall not, and shall not permit any of its Consolidated Subsidiaries to, enter into any negative pledge agreements with any other Person such that Borrower shall be prohibited from granting, or causing any Consolidated Subsidiaries to grant, to Agent, for the inclusion in any contract benefit to which it becomes Lenders, a party of any provisions that could restrict or invalidate the creation of a first priority lien and security interest in Borrower’s rights and interests in any Collateralthe Pool as security for the Obligations.

Appears in 2 contracts

Samples: Loan Agreement (Camden Property Trust), Loan Agreement (Camden Property Trust)

Negative Pledge Agreements. Borrower shall not permit the inclusion in any material contract to which it becomes a party of any provisions that could restrict or invalidate might in any way prevent the creation of a security interest Security Interest in any of Borrower’s rights and interests in any Collateralproperty.

Appears in 1 contract

Samples: Business Loan and Security Agreement (Iridex Corp)

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Negative Pledge Agreements. Borrower The Issuer shall not permit the inclusion in any contract to which it or the Bank becomes a party of any provisions that could restrict or invalidate the creation of a security interest in Borrower’s the Holders’ rights and interests in any Collateral.

Appears in 1 contract

Samples: Debenture Agreement (McIntosh Bancshares Inc /Ga/)

Negative Pledge Agreements. Borrower shall not permit the inclusion in any material contract to which it becomes a party of any provisions that could restrict or invalidate might in any way prevent the creation of a security interest in any of Borrower’s rights and interests in any Collateralproperty.

Appears in 1 contract

Samples: Loan and Security Agreement (Iridex Corp)

Negative Pledge Agreements. Borrower shall not permit the inclusion in any contract agreement, document, investment or other arrangement to which it is or becomes a party of any provisions that could restrict or invalidate the creation of a security interest in Borrower’s rights and interests in any Collateralof Borrower’s property.

Appears in 1 contract

Samples: Loan and Security Agreement (Adam Inc)

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