Common use of No Other Negative Pledge Clause in Contracts

No Other Negative Pledge. Covenant or otherwise agree with any Person (other than (a) the Lenders and Administrative Agent pursuant to this Agreement, (b) the Collateral Trustee (as defined in the Indenture) and (c) with respect to the assets securing Permitted Borrower Construction Indebtedness, the lenders of such Permitted Borrower Construction Indebtedness), whether in connection with obtaining or modifying credit accommodations from such Person, or incurring other Indebtedness, or otherwise, to keep its unencumbered assets free of any or all Liens.

Appears in 1 contract

Samples: Senior Secured Term Loan Agreement (William Lyon Homes)

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No Other Negative Pledge. Covenant or otherwise agree with any Person (other than (a) the Lenders and Administrative Agent pursuant to this Agreement, (b) the Collateral Trustee (as defined in the Indenture) and (c) with respect to the assets securing Permitted Borrower Construction Indebtedness, the lenders of such Permitted Borrower Construction Indebtedness), whether in connection with obtaining or modifying credit accommodations from such Person, or incurring other Indebtedness, or otherwise, to keep its unencumbered assets free of any or all Liens.

Appears in 1 contract

Samples: Credit Agreement (Wci Communities Inc)

No Other Negative Pledge. Covenant or otherwise agree with any Person (other than (a) the Lenders and Administrative Agent pursuant to this Agreement, (b) the Collateral Trustee (as defined in the Indenture) and (c) with respect to the assets securing Permitted Borrower Construction Indebtedness, the lenders of such Permitted Borrower Construction Indebtedness), whether in connection with obtaining or modifying credit accommodations from such Person, or incurring other Indebtedness, or otherwise, to keep its unencumbered assets free of any or all Liens.,

Appears in 1 contract

Samples: Senior Term Loan Agreement (Wci Communities Inc)

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No Other Negative Pledge. Covenant or otherwise agree with any Person (other than (a) the Lenders and Administrative Agent pursuant to this Agreement, Agreement and (b) the Collateral Trustee (as defined in the Indenture) and (c) with respect to the assets securing Permitted Borrower Construction Indebtedness, the lenders of such Permitted Borrower Construction Indebtedness), whether in connection with obtaining or modifying credit accommodations from such Person, or incurring other Indebtedness, or otherwise, to keep its unencumbered assets free of any or all Liens.

Appears in 1 contract

Samples: Senior Secured Term Loan Agreement (William Lyon Homes)

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