Common use of No Agreement for Negative Pledge Clause in Contracts

No Agreement for Negative Pledge. Agree with any third party not to create, assume or suffer to exist any Lien securing the Obligations on or of any of its property, real or personal, whether now owned or hereafter acquired.

Appears in 6 contracts

Samples: Credit Agreement (Lennar Corp /New/), Credit Agreement (Lennar Corp /New/), Credit Agreement (Lennar Corp /New/)

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No Agreement for Negative Pledge. Agree with any third party not to create, assume or suffer to exist any Lien securing the Obligations on or of any of its property, real or personal, whether now owned or hereafter acquired, except that that any Mortgage Banking Subsidiary may agree not to create, assume or suffer to exist Liens on any of its property, real or personal, whether now owned or hereafter acquired.

Appears in 1 contract

Samples: Credit Agreement (Lennar Corp /New/)

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