Common use of No Other Negative Pledges Clause in Contracts

No Other Negative Pledges. No Credit Party will 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 2 contracts

Samples: Credit Agreement (Pulte Corp), Credit Agreement (Pulte Corp)

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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 the Credit Documentsobligation.

Appears in 2 contracts

Samples: Credit Agreement (Varsity Spirit Corporation), Credit Agreement (Riddell Sports 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 Documents, (b) the Credit Documents (as defined in the Maxim Group Credit Agreement) and (c) the Indenture.

Appears in 1 contract

Samples: Credit Agreement (Maxim Group 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 (a) as set forth in the Credit DocumentsDocuments and (b) agreements entered into in connection with Indebtedness permitted by Section 8.1(c) 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 (a) the Credit Documents, (b) the Credit Documents (as defined in the Maxim Retail Credit Agreement) and (c) 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 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 DocumentsDocuments or as set forth in the Senior Subordinated Credit Agreement or the Junior Subordinated Note.

Appears in 1 contract

Samples: Credit Agreement (Gerber Childrenswear Inc)

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 6.01(a)(iii) as long as such agreements do not prohibit Liens in favor of the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Phonetel Technologies Inc)

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