Common use of Negative Pledges Clause in Contracts

Negative Pledges. Enter into any agreement limiting the ability of Borrower or any of its Subsidiaries to voluntarily create Liens upon any of its Property, except pursuant to the Indentures, the City Loan Agreement and the Exchange Indentures.

Appears in 4 contracts

Sources: Loan and Security Agreement (Weirton Steel Corp), Loan and Security Agreement (Weirton Steel Corp), Loan and Security Agreement (Weirton Steel Corp)

Negative Pledges. Enter into any agreement limiting the ability of any Borrower or any of its Subsidiaries to voluntarily create Liens upon any of its Property, except Property other than Property securing Permitted Purchase Money Indebtedness and other than pursuant to the Indentures, the City Loan Agreement and the Exchange IndenturesSecond Lien Documents.

Appears in 2 contracts

Sources: Loan Agreement (Katy Industries Inc), Loan Agreement (Katy Industries Inc)

Negative Pledges. Enter into any agreement limiting the ability of any Borrower or any of its Subsidiaries to voluntarily create Liens upon any of its Property, except pursuant to the Indentures, the City Loan Agreement and the Exchange IndenturesProperty other than Property securing Permitted Purchase Money Indebtedness.

Appears in 2 contracts

Sources: Loan and Security Agreement (Velocity Express Corp), Loan Agreement (Katy Industries Inc)

Negative Pledges. Enter into any agreement limiting the ability of such Borrower or any of its Subsidiaries to voluntarily create Liens upon any of its Property, Property except pursuant to the Indentures, the City Loan Agreement and the Exchange Indenturesas otherwise provided herein.

Appears in 2 contracts

Sources: Loan and Security Agreement (D & K Healthcare Resources Inc), Loan and Security Agreement (D & K Healthcare Resources Inc)

Negative Pledges. Enter into any agreement limiting the ability of any Borrower or any of its Subsidiaries to voluntarily create Liens upon any of its Property, except pursuant to the Indentures, the City Loan Agreement and the Exchange Indentures.Property other than Property securing Permitted Purchase Money Indebtedness..

Appears in 1 contract

Sources: Loan and Security Agreement (Velocity Express Corp)

Negative Pledges. Enter into any agreement limiting the ---------------- ability of any Borrower or any of its Subsidiaries to voluntarily create Liens upon any of its Property, except pursuant to the Indentures, the City Loan Agreement and the Exchange Indentures.Property other than Property securing Permitted Purchase Money Indebtedness..

Appears in 1 contract

Sources: Loan and Security Agreement (Velocity Express Corp)

Negative Pledges. Enter into any agreement limiting the ability of Borrower or any of its Subsidiaries to voluntarily create Liens upon any of its Property, except pursuant to Property other than the Indentures, the City Loan Agreement and the Exchange Indentures2004 Subordinated Note Documents.

Appears in 1 contract

Sources: Loan and Security Agreement (Pw Eagle Inc)

Negative Pledges. Enter into any agreement limiting the ability of Borrower or any of its Subsidiaries to voluntarily create Liens upon any of its Property, except pursuant to Property other than the Indentures, the City Loan Agreement and the Exchange IndenturesLa Place Assets.

Appears in 1 contract

Sources: Loan and Security Agreement (Bayou Steel Corp)