Common use of Negative Pledge Clause in Contracts

Negative Pledge. Neither the Borrower nor any Subsidiary will create, assume or suffer to exist any Lien on any asset now owned or hereafter acquired by it, except:

Appears in 90 contracts

Samples: Credit Agreement (Clorox Co /De/), Assignment and Assumption Agreement (Lyondell Chemical Co), Credit Agreement (CNF Inc)

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Negative Pledge. Neither the Borrower nor any Consolidated Subsidiary will create, assume or suffer to exist any Lien on any asset now owned or hereafter acquired by it, except:

Appears in 51 contracts

Samples: 364 Day Bridge Loan Agreement, Credit Agreement (Atlantic American Corp), Revolving Credit Agreement (Valspar Corp)

Negative Pledge. Neither the Borrower nor any Subsidiary of its Subsidiaries will create, assume or suffer to exist any Lien on any asset now owned or hereafter acquired by it, except:

Appears in 9 contracts

Samples: 364 Day Credit Agreement (Mohawk Industries Inc), Credit Agreement (Mohawk Industries Inc), Five Year Credit Agreement (Mohawk Industries Inc)

Negative Pledge. Neither the Borrower nor any and no Subsidiary will create, assume or suffer to exist any Lien on any asset now owned or hereafter acquired by it, except:

Appears in 7 contracts

Samples: Credit Agreement (Chevron Phillips Chemical Co LLC), Credit Agreement (Chevron Phillips Chemical Co LLC), Credit Agreement (Chevron Phillips Chemical Co LLC)

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Negative Pledge. Neither the Borrower nor any Wholly Owned Subsidiary will create, assume or suffer to exist any Lien on any asset now owned or hereafter acquired by it, except:

Appears in 6 contracts

Samples: Credit Agreement (Star Buffet Inc), Credit Agreement (Staceys Buffet Inc), Credit Agreement (Star Buffet Inc)

Negative Pledge. Neither the Borrower Tenant nor any Restricted Subsidiary will create, assume or suffer to exist any Lien on any asset now owned or hereafter acquired by it, except:

Appears in 2 contracts

Samples: Master Lease (Carmike Cinemas Inc), Master Lease (Helmstar Group Inc)

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