Common use of Negative Pledge Clauses Clause in Contracts

Negative Pledge Clauses. Enter into or cause, suffer or permit to exist any agreement with any Person other than the Agent and the Lenders pursuant to this Agreement or any other Loan Documents which prohibits or limits the ability of any Borrower or any Subsidiary to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired; provided that any Eligible Lease may contain such a prohibition or limitation so long as the prohibition or limitation does not apply to any Lien granted in favor of the Agent or any Lender pursuant to the Loan Documents;

Negative Pledge Clauses. Enter into or cause, suffer or permit to exist any agreement with any Person other than the Agent and the Lenders pursuant to this Agreement or any other Loan Documents which prohibits or limits the ability of any of the Borrower or any Subsidiary to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired; , provided that the Borrower and any Eligible Lease Subsidiary may contain enter into such a prohibition or limitation so long as an agreement in connection with, and that applies only to, property acquired with the prohibition or limitation does not apply to any Lien granted in favor proceeds of the Agent or any Lender pursuant to the Loan Documents;purchase money Indebtedness permitted hereunder.

Negative Pledge Clauses. Enter into or cause, suffer or permit to exist any agreement with any Person other than the Agent and the Lenders pursuant to this Agreement or any other Loan Documents which prohibits or limits the ability of any Borrower or any Subsidiary to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired; , provided that the Borrower and any Eligible Lease Guarantor may contain enter into such a an agreement in connection with property subject to any Lien permitted by this Agreement and not released after the date hereof, when such prohibition or limitation so long as is by its terms effective only against the prohibition or limitation does not apply assets subject to any Lien granted in favor of the Agent or any Lender pursuant to the Loan Documents;such Lien.

Negative Pledge Clauses. Enter into or cause, suffer or permit to exist any agreement with any Person other than the Agent and the Lenders pursuant to this Agreement or any other Loan Documents which prohibits or limits the ability of any Borrower or any Subsidiary Credit Party to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired; provided that any Eligible Lease may contain such a prohibition or limitation so long as the prohibition or limitation does not apply to any Lien granted in favor of the Agent or any Lender pursuant to the Loan Documents;

Negative Pledge Clauses. Enter into or cause, suffer or permit to exist any agreement with any Person other than the Administrative Agent and the Lenders pursuant to this Agreement or any other Loan Documents which prohibits or limits the ability of any of the Borrower or any Subsidiary to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired; , provided that the Borrower and any Eligible Lease Subsidiary may contain enter into such an agreement in connection with, and that applies only to, property acquired with the proceeds of purchase money Indebtedness permitted hereunder and a prohibition or limitation so long as the prohibition or limitation does not apply to any Lien granted in favor of the Agent or any Lender pursuant to the Loan Documents;Receivables Subsidiary may enter into such an agreement.

Negative Pledge Clauses. Enter into or cause, suffer or permit to ----------------------- exist any agreement with any Person other than the Agent and the Lenders pursuant to this Agreement or any other Loan Documents which prohibits or limits the ability of any Borrower of BREED or any Subsidiary to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired; provided that any Eligible Lease may contain such a prohibition or limitation so long as the prohibition or limitation does not apply to any Lien granted , in favor of the Agent or any Lender pursuant to and the Lenders under the Loan Documents;; provided that BREED and any Subsidiary may enter into such an -------- agreement in connection with, and limited solely to, property acquired with the proceeds of purchase money Indebtedness permitted hereunder.

Negative Pledge Clauses. Enter into or cause, suffer or permit to exist any agreement with any Person other than the Agent and the Lenders pursuant to this Agreement or any other Loan Documents which prohibits or limits the ability of any Borrower of the Parent or any Subsidiary to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired; , provided that the Parent and any Eligible Lease Subsidiary may contain enter into such a prohibition or limitation so long as an agreement in connection with property acquired with the prohibition or limitation does not apply to any Lien granted in favor proceeds of the Agent or any Lender pursuant to the Loan Documents;purchase money Indebtedness and Capital Leases permitted hereunder.

Negative Pledge Clauses. Enter into or cause, suffer or permit to exist any agreement with any Person other than the Agent and the Lenders pursuant to this Agreement or any other Loan Documents which prohibits or limits the ability of any of the Borrower or any Subsidiary to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired; , provided that the Borrower and any Eligible Lease Subsidiary may contain enter into such a prohibition or limitation an agreement in connection with property acquired pursuant to Section 8.4(d) so long as the prohibition or such limitation does not apply to any Lien granted in favor of the Agent or any Lender pursuant applies only to the Loan Documents;property acquired.

Negative Pledge Clauses. Enter into or cause, suffer or permit to ----------------------- exist any agreement with any Person other than the Agent and the Lenders pursuant to this Agreement or any other Loan Documents Document which prohibits or limits the ability of any of the Borrower or any Subsidiary to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired; provided , provided, that the Borrower and any Eligible Lease Subsidiary -------- may contain enter into such a prohibition or limitation so long as an agreement applying exclusively to property acquired with the prohibition or limitation does not apply to any Lien granted in favor proceeds of the Agent or any Lender pursuant to the Loan Documents;purchase money Indebtedness (including Capital Leases) permitted hereunder.

Negative Pledge Clauses. Enter into or cause, suffer or permit to exist any agreement with any Person other than the Agent and the Lenders pursuant to this Agreement or any other Loan Documents which prohibits or limits the ability of any Borrower or any Subsidiary to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired; provided that any Eligible Lease or Eligible Carrier Loan Document may contain such a prohibition or limitation so long as the prohibition or limitation does not apply to any Lien granted in favor of the Agent or any Lender pursuant to the Loan Documents;