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 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 Subsidiary may enter into such an agreement in connection with property acquired with the proceeds of purchase money Indebtedness permitted hereunder;

Appears in 3 contracts

Sources: Credit Agreement (Unicapital Corp), Credit Agreement (Wackenhut Corrections Corp), Credit Agreement (Wackenhut Corrections Corp)

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 Subsidiary may enter into such an agreement in connection with with, and that applies only to, property acquired with the proceeds of purchase money Indebtedness permitted hereunder;.

Appears in 3 contracts

Sources: Credit Agreement (P F Changs China Bistro Inc), Credit Agreement (Uti Corp), Credit Agreement (P F Changs China Bistro Inc)

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 any Eligible Lease may contain such a prohibition or limitation so long as the Borrower and prohibition or limitation does not apply to any Subsidiary may enter into such an agreement Lien granted in connection with property acquired with favor of the proceeds of purchase money Indebtedness permitted hereunderAgent or any Lender pursuant to the Loan Documents;

Appears in 3 contracts

Sources: Credit Agreement (Aircastle LTD), Credit Agreement (Unicapital Corp), Credit Agreement (Unicapital Corp)

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 Subsidiary Guarantor may enter into such an agreement in connection with property acquired with subject to any Lien permitted by this Agreement and not released after the proceeds of purchase money Indebtedness permitted hereunder;date hereof, when such prohibition or limitation is by its terms effective only against the assets subject to such Lien.

Appears in 2 contracts

Sources: Credit Agreement (Headway Corporate Resources Inc), Credit Agreement (Headway Corporate Resources Inc)

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 Borrower, CPV 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 Subsidiary may enter into such an agreement in connection except Qualifying Properties financed with property acquired with the proceeds of purchase money Non-Recourse Indebtedness or Indebtedness permitted hereunder;under Section 10.5(h).

Appears in 1 contract

Sources: Credit Agreement (Correctional Properties Trust)

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 Subsidiary -------- may enter into such an agreement in connection with applying exclusively to property acquired with the proceeds of purchase money Indebtedness (including Capital Leases) permitted hereunder;.

Appears in 1 contract

Sources: Revolving Credit Agreement (Acsys Inc)

Negative Pledge Clauses. Enter into or cause, suffer or permit to exist any agreement with any Person other than the Agent and the Lenders Banks 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 Subsidiary may enter into such an agreement except in connection with property acquired with the proceeds of purchase money Indebtedness liens permitted hereunder;under section 6.07.

Appears in 1 contract

Sources: Credit Agreement (Precision Response Corp)

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 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, in favor of the Agent and the Lenders under the Loan Documents; provided that the Borrower BREED and any Subsidiary may enter into such an agreement in connection with with, and limited solely to, property acquired with the proceeds of purchase money Indebtedness permitted hereunder;

Appears in 1 contract

Sources: Credit Agreement (Breed Technologies Inc)

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 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, in favor of the Agent and the Lenders under the Loan Documents; provided that the Borrower BREED and any Subsidiary may enter into such an -------- agreement in connection with with, and limited solely to, property acquired with the proceeds of purchase money Indebtedness permitted hereunder;.

Appears in 1 contract

Sources: Credit Agreement (Breed Technologies Inc)

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 Borrower, CPV 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 except (i) Qualifying Properties financed with Non-Recourse Indebtedness and (ii) the Borrower and any Subsidiary may enter into such an agreement in connection with property acquired with the proceeds of purchase money Indebtedness permitted hereunder;Merger Agreement.

Appears in 1 contract

Sources: Credit Agreement (CentraCore Properties Trust)

Negative Pledge Clauses. Enter into or cause, suffer or permit to exist or become effective any agreement with any Person other than the Agent and the Lenders pursuant to this Agreement or any other Loan Documents which that prohibits or limits the ability of any of the Borrower or any Subsidiary of the Borrower to create, incur, assume or suffer to exist any Lien in favor of the Agent upon any of its property, assets their property or revenues, whether now owned or hereafter acquired, other than any agreement relating to any Lien not prohibited by Section 6.02(a) (provided that any prohibition or limitation shall apply only to the Borrower and any Subsidiary may enter into assets subject to such an agreement in connection with property acquired with the proceeds of purchase money Indebtedness permitted hereunder;Lien).

Appears in 1 contract

Sources: Credit Agreement (Sears Canada Inc.)

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 Subsidiary may enter into such an agreement in connection with property acquired with subject to any Lien permitted by this Agreement and not released after the proceeds of purchase money Indebtedness permitted hereunder;date hereof, when such prohibition or limitation is by its terms effective only against the assets subject to such Lien.

Appears in 1 contract

Sources: Credit Agreement (Catalina Marketing Corp/De)

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 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 Borrower and prohibition or limitation does not apply to any Subsidiary may enter into such an agreement Lien granted in connection with property acquired with favor of the proceeds of purchase money Indebtedness permitted hereunderAgent or any Lender pursuant to the Loan Documents;

Appears in 1 contract

Sources: 364 Day Senior Secured Credit Agreement (Aircastle LTD)

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 Subsidiary may enter into such an agreement in connection with with, and that applies only to, property acquired with the proceeds of purchase money Indebtedness permitted hereunder;hereunder and a Receivables Subsidiary may enter into such an agreement.

Appears in 1 contract

Sources: Credit Agreement (Rexall Sundown Inc)

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 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 Borrower Parent and any Subsidiary may enter into such an agreement in connection with property acquired with the proceeds of purchase money Indebtedness and Capital Leases permitted hereunder;.

Appears in 1 contract

Sources: Credit Agreement (Gerald Stevens Inc/)

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 except (i) the Indenture and the other Assumed Debt, and (ii) that the Borrower and any Subsidiary may enter into such an agreement in connection with property acquired with the proceeds of purchase money Indebtedness or any Capital Lease permitted hereunder, when such prohibition or limitation is by its terms effective only against the assets subject to such Lien;

Appears in 1 contract

Sources: Credit Agreement (Medpartners Inc)

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 Subsidiary may enter into such an agreement in connection with property acquired with pursuant to Section 8.4(d) so long as such limitation applies only to the proceeds of purchase money Indebtedness permitted hereunder;property acquired.

Appears in 1 contract

Sources: Credit Agreement (Sykes Healthplan Services Inc)