Common use of No Burdensome Restrictions Clause in Contracts

No Burdensome Restrictions. No Borrower is party to any contract or agreement the performance of which could have a Material Adverse Effect on such Borrower. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 17 contracts

Samples: Security Agreement (Bio Reference Laboratories Inc), Security Agreement (Franklin Electronic Publishers Inc), Security Agreement (PVC Container Corp)

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No Burdensome Restrictions. No Borrower is party to any contract or agreement the performance of which could reasonably be expected to have a Material Adverse Effect on such BorrowerEffect. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 16 contracts

Samples: Security Agreement (Dril-Quip Inc), Security Agreement (Dril-Quip Inc), Guaranty and Security Agreement (Dril-Quip Inc)

No Burdensome Restrictions. No Borrower is party to any contract or agreement the performance of which could have a Material Adverse Effect on such BorrowerEffect. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 7 contracts

Samples: Revolving Credit and Security Agreement (E Com Ventures Inc), Credit and Security Agreement (Radnor Holdings Corp), Security Agreement (Lesco Inc/Oh)

No Burdensome Restrictions. No Borrower is not party to any contract or agreement the performance of which could reasonably be expected to have a Material Adverse Effect on such Borrower. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 4 contracts

Samples: Loan Agreement (McMS Inc /De/), Revolving Credit, Equipment Loan and Security Agreement (McMS Inc), Security Agreement (Dreamlife Inc)

No Burdensome Restrictions. No Borrower is not party to any contract or agreement the performance of which could have a Material Adverse Effect on such Borrower. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 3 contracts

Samples: Security Agreement (Champion Parts Inc), Credit, Term Loan and Security Agreement (Aaf McQuay Inc), Security Agreement (Candies Inc)

No Burdensome Restrictions. No Borrower is party to any contract -------------------------- or agreement the performance of which could have a Material Adverse Effect on such BorrowerEffect. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 3 contracts

Samples: Revolving Credit and Security Agreement (Styrochem International LTD), Credit and Security Agreement (Styrochem International Inc), Air Methods Corp

No Burdensome Restrictions. No Borrower is not party to any contract or agreement the performance of which could have a Material Adverse Effect on such BorrowerEffect. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 3 contracts

Samples: Subordination Agreement (Obsidian Enterprises Inc), Credit and Security Agreement (Badger Paper Mills Inc), Security Agreement (Danskin Inc)

No Burdensome Restrictions. No Borrower is not party to any contract or agreement the performance of which could reasonably be expected to have a Material Adverse Effect on such BorrowerEffect. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted EncumbranceLien.

Appears in 2 contracts

Samples: Security Agreement (Fonda Group Inc), Security Agreement (Fonda Group Inc)

No Burdensome Restrictions. No To the best of each Borrower's knowledge and belief, no Borrower is party to any contract or agreement the performance of which could would reasonably be expected to have a Material Adverse Effect on such Borrower. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 2 contracts

Samples: Credit and Security Agreement (Omni Energy Services Corp), Credit and Security Agreement (Omni Energy Services Corp)

No Burdensome Restrictions. No Borrower or Guarantor is party to any contract or agreement the performance of which could have a Material Adverse Effect on such Borrower. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Comforce Corp), Security Agreement (Comforce Corp)

No Burdensome Restrictions. No Borrower is not party to any contract or agreement the performance of which could reasonably be expected to have a Material Adverse Effect on such BorrowerEffect. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 2 contracts

Samples: Security Agreement (Meridian Sports Inc), Security Agreement (Centurion Wireless Technologies Inc)

No Burdensome Restrictions. No Borrower is party to any contract or agreement the performance of which could reasonably be expected to have a Material Adverse Effect on such BorrowerEffect. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which that is not a Permitted Encumbrance.

Appears in 2 contracts

Samples: Loan and Security Agreement (Lexington Precision Corp), Credit and Security Agreement (Lexington Precision Corp)

No Burdensome Restrictions. No Borrower is party to any contract or agreement the performance of which could reasonably be expected to have a Material Adverse Effect on such Borrower. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Hirsch International Corp), Credit and Security Agreement (Vista Information Solutions Inc)

No Burdensome Restrictions. No To the best of each Borrower’s knowledge, no Borrower is party to any contract or agreement the performance of which could have a Material Adverse Effect on such Borrower. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 2 contracts

Samples: Term Loan and Security Agreement (Allied Motion Technologies Inc), Revolving Credit (Allied Motion Technologies Inc)

No Burdensome Restrictions. No Borrower is not a party to any contract or agreement the performance of which could reasonably be expected to have a Material Adverse Effect on such BorrowerEffect. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 2 contracts

Samples: Revolving Credit And (Swank Inc), Loan and Security Agreement (Atari Inc)

No Burdensome Restrictions. No Borrower is party to any contract or -------------------------- agreement the performance of which could have a Material Adverse Effect on such Borrower. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Eltrax Systems Inc), Security Agreement (Intelligroup Inc)

No Burdensome Restrictions. No Such Borrower is not party to any contract or agreement the performance of which could is reasonably expected to have a Material Adverse Effect on such Borrower. No Such Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Security Agreement (HMG Worldwide Corp)

No Burdensome Restrictions. No Borrower is not party to any -------------------------- contract or agreement the performance of which could have a Material Adverse Effect on such would materially adversely affect the business, assets, operations, condition (financial or otherwise) or prospects of Borrower. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Lender Assignment Agreement (Tarrant Apparel Group)

No Burdensome Restrictions. No As of the date hereof no Borrower is party to any contract or agreement the performance of which could reasonably be expected to have a Material Adverse Effect on such Borrower. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Security Agreement (Rheometric Scientific Inc)

No Burdensome Restrictions. No Borrower is not party to any contract or agreement the performance of which could reasonably be expected to have a Material Adverse Effect on such Borrower. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance. 5.14.

Appears in 1 contract

Samples: Loan Agreement       Loan Agreement (McMS Inc)

No Burdensome Restrictions. No Borrower is not party to any contract or agreement the performance of which could would reasonably be expected to have a Material Adverse Effect on such BorrowerEffect. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Security Agreement (Kenexa Corp)

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No Burdensome Restrictions. No Borrower Borrower, to its knowledge, is party to any contract or agreement the performance of which could have a Material Adverse Effect on such BorrowerBorrowers taken as a whole. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Security Agreement (Batteries Batteries Inc)

No Burdensome Restrictions. No Borrower is party to any contract or agreement the performance of which could would reasonably be expected to have a Material Adverse Effect on such Borrower. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Credit and Security Agreement (Memry Corp)

No Burdensome Restrictions. No Borrower is party to any contract or agreement the performance of which could reasonably be expected to have a Material Adverse Effect on such Borrowerthe Borrowers taken as a whole. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Security Agreement (Robotic Vision Systems Inc)

No Burdensome Restrictions. No Borrower is party to any contract or -------------------------- agreement the performance of which could have a Material Adverse Effect on such BorrowerEffect. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Air Methods Corp

No Burdensome Restrictions. No Borrower is not party to any contract or agreement the performance of which could would have a Material Adverse Effect on such BorrowerEffect. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Security Agreement (Allstate Financial Corp /Va/)

No Burdensome Restrictions. No Borrower is not party to any contract or agreement the failure of and/or performance of which could would have a Material Adverse Effect on such BorrowerEffect. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Security Agreement (Blonder Tongue Laboratories Inc)

No Burdensome Restrictions. No Borrower is party to any contract or agreement the performance of which could have a Material Adverse Effect on such Borrower. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquiredthe Collateral, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Security Agreement (PDS Financial Corp)

No Burdensome Restrictions. No Borrower is not party to any contract or agreement the performance of which could reasonably be expected to have a Material Adverse Effect on such Borrower. No Except in connection with the Senior Notes, no Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: And Security Agreement (Delta Mills Inc)

No Burdensome Restrictions. No Borrower is not party to any contract or agreement the performance of which could have a Material Adverse Effect on such would materially and adversely affect the business, assets, operations, condition (financial or otherwise) or prospects of Borrower. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Credit and Security Agreement (Prima Group International Inc)

No Burdensome Restrictions. No Borrower is party to any contract or agreement the performance of which could have a Material Adverse Effect on such Borrower. No Borrower has not agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Warner Chilcott PLC)

No Burdensome Restrictions. No Borrower is party to any contract or agreement the performance of which could have a Material Adverse Effect on such Borrowerthe Borrowers, taken as a whole. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Security Agreement (E Com Ventures Inc)

No Burdensome Restrictions. No Borrower is party to any contract or agreement the performance of which could have a Material Adverse Effect on such Borrower. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance. 5.14.

Appears in 1 contract

Samples: Security Agreement (Terrace Holdings Inc)

No Burdensome Restrictions. No Borrower is party to any contract or agreement agreement, the performance of which could reasonably be expected to have a Material Adverse Effect on such BorrowerEffect. No Borrower has agreed or consented to cause or permit in the future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be subject to a Lien which is not a Permitted Encumbrance.

Appears in 1 contract

Samples: Security Agreement (Imco Recycling Inc)

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