Common use of Negative Pledge Clause in Contracts

Negative Pledge. Neither the Company 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 37 contracts

Samples: Credit Agreement (Johnson Controls Inc), Credit Agreement (Johnson Controls Inc), Credit Agreement (Marsh & McLennan Companies, Inc.)

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Negative Pledge. Neither the Company 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 35 contracts

Samples: Credit Agreement (Dover Corp), Assignment and Assumption Agreement (Dover Corp), Year Credit Agreement (DOVER Corp)

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

Appears in 9 contracts

Samples: Credit Facility Agreement (Albany International Corp /De/), Credit Facility Agreement (Albany International Corp /De/), Note Agreement (Albany International Corp /De/)

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

Appears in 8 contracts

Samples: Credit Agreement (Pentair Inc), Term Loan Agreement (Pentair Inc), Bridge Credit Agreement (Pentair Inc)

Negative Pledge. Neither the Company Guarantor 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 4 contracts

Samples: Guarantee and Reimbursement Agreement (HSI IP, Inc.), Credit Agreement (Masco Corp /De/), Credit Agreement (Masco Corp /De/)

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

Appears in 3 contracts

Samples: Credit Agreement (Lincoln National Corp), Credit Agreement (Lincoln National Corp), Credit Agreement (Lincoln National Corp)

Negative Pledge. Neither the Company Parent 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 3 contracts

Samples: Credit Agreement (Valspar Corp), Credit Agreement (Valspar Corp), Credit Agreement (Valspar Corp)

Negative Pledge. Neither the Company nor any Consolidated Subsidiary will create, assume or suffer to exist any Lien on any asset (including, without limitation, the capital stock of any of its Subsidiaries) now owned or hereafter acquired by it, except:

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (United States Surgical Corp), Credit Agreement (United States Surgical Corp)

Negative Pledge. Neither the Company nor any Consolidated Subsidiary will create, assume or suffer to exist any Lien on any asset now owned or hereafter acquired by it, except:except the following (each a "PERMITTED LIEN"):

Appears in 2 contracts

Samples: Credit and Reimbursement Agreement (Orbital Sciences Corp /De/), Senior Credit Agreement (Orbital Sciences Corp /De/)

Negative Pledge. Neither the Company any Ten Percent Subsidiary nor any Consolidated Subsidiary thereof will create, assume or suffer to exist any Lien on any asset now owned or hereafter acquired by it, except for Permitted Liens and except:

Appears in 2 contracts

Samples: Master Agreement (Concord Efs Inc), Master Agreement (Concord Efs Inc)

Negative Pledge. Neither the Company nor any Consolidated Subsidiary will create, assume or suffer to exist any Lien on any asset now owned or hereafter acquired by itit (other than treasury stock of the Company), except:

Appears in 2 contracts

Samples: Credit Agreement (Polaroid Corp), Assignment and Assumption Agreement (Polaroid Corp)

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Negative Pledge. Neither the Company nor any Consolidated Subsidiary will create, assume or suffer to exist any Lien securing Debt on any asset now owned or hereafter acquired by it, or assign any right to receive income, except:

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Fluor Corp), Assignment and Assumption (Fluor Corp)

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

Appears in 1 contract

Samples: Credit Agreement (Emerson Electric Co)

Negative Pledge. Neither the Company nor any Consolidated Subsidiary will create, assume or suffer to exist any Lien on any asset now owned or hereafter acquired by it, except:: 64

Appears in 1 contract

Samples: Credit Agreement (Masco Corp /De/)

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

Appears in 1 contract

Samples: Note Purchase Agreement (Athens Holdings Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Kerr McGee Corp)

Negative Pledge. Neither the Company nor any Consolidated Subsidiary will create, assume or suffer to exist any Lien on any asset now owned or hereafter acquired by it, except:except the following (each a "Permitted Lien"):

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Orbital Sciences Corp /De/)

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