Negative Pledge on Real Property. The Loan Parties shall not, and shall not permit any Subsidiary, to create, incur, assume or suffer to exist any Lien upon any real property owned by such Loan Party or Subsidiary.
Appears in 2 contracts
Samples: Credit Agreement (Stoneridge Inc), Credit Agreement (Stoneridge Inc)
Negative Pledge on Real Property. The No Loan Parties Party shall not, and shall not permit any Subsidiary, to create, incur, assume incur or suffer permit to exist any Lien upon in, of or on any real property owned by of such Loan Party or SubsidiaryParty, other than Permitted Liens that do not secure Funded Indebtedness.
Appears in 2 contracts
Samples: Credit Agreement (Superior Energy Services Inc), Credit Agreement (Superior Energy Services Inc)
Negative Pledge on Real Property. The No Loan Parties Party shall not, and shall not permit any Subsidiary, to create, incur, assume incur or suffer permit to exist any Lien upon in, of or on any real property owned by of such Loan Party or SubsidiaryParty, other than Permitted Liens.
Appears in 1 contract
Negative Pledge on Real Property. The No Loan Parties Party shall not, and shall not permit any Subsidiary, to create, incur, assume incur or suffer permit to exist any Lien upon in, of or on any real property owned by of such Loan Party Party, other than non-consensual Liens arising by statute or Subsidiaryoperation of law to the extent such Liens are Permitted Liens that do not secure Debt.
Appears in 1 contract
