Common use of No Other Negative Pledges Clause in Contracts

No Other Negative Pledges. No Credit Party will, nor will it permit its Subsidiaries to, enter into, assume or become subject to any agreement prohibiting or otherwise restricting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired, or requiring the grant of any security for such obligation if security is given for some other obligation except as set forth in the Credit Documents.

Appears in 9 contracts

Samples: Revolving Credit Agreement (Polaris Industries Inc/Mn), Revolving Credit Agreement (Polaris Industries Inc/Mn), Day Revolving Credit Agreement (Polaris Industries Inc/Mn)

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No Other Negative Pledges. No Credit Party will, nor will it permit its Subsidiaries to, enter into, assume or become subject to any agreement prohibiting or otherwise restricting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired, or requiring the grant of any security for such obligation if security is given for some other obligation except as set forth in (a) the Credit DocumentsDocuments and (b) any bond indenture or equivalent instrument (or any amendment or supplement thereto) to which such Credit Party is now or hereafter a party.

Appears in 2 contracts

Samples: Credit Agreement (Pulte Homes Inc/Mi/), Credit Agreement (Pulte Homes Inc/Mi/)

No Other Negative Pledges. No Credit Party will, nor will it permit its Subsidiaries to, enter into, assume or assume, become subject to or permit to exist any agreement prohibiting or otherwise restricting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired, or requiring the grant of any security for such obligation if security is given for some other obligation obligation, except as set forth in (a) the Credit DocumentsDocuments and (b) any bond indenture or equivalent instrument (or any amendment or supplement thereto) to which such Credit Party is now or hereafter a party.

Appears in 1 contract

Samples: Abacoa Homes Inc

No Other Negative Pledges. No Credit Party will, nor will it permit its Subsidiaries to, enter into, assume or become subject to any agreement prohibiting or otherwise restricting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired, or requiring the grant of any security for such obligation if security is given for some other obligation except as set forth in (a) the Credit DocumentsDocuments and (b) the Indenture.

Appears in 1 contract

Samples: Credit Agreement (Maxim Group Inc /)

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No Other Negative Pledges. No Credit Party will, nor will it permit any of its Subsidiaries to, enter into, assume or become subject to any agreement prohibiting or otherwise restricting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired, or requiring the grant of any security for such obligation if security is given for some other obligation except (i) as set forth in the Credit DocumentsLoan Documents and (ii) agreements entered into in connection with Indebtedness permitted by SECTION 6.02(A)(III) as long as such agreements do not prohibit Liens in favor of the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Davel Communications Inc)

No Other Negative Pledges. No Credit Party will, nor will it permit its Subsidiaries to, enter into, assume or become subject to any agreement prohibiting or otherwise restricting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired, or requiring the grant of any security for such obligation if security is given for some other obligation except as set forth in the Credit Documents.whether

Appears in 1 contract

Samples: Credit Agreement (Abacoa Homes Inc)

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