Common use of SECTION NEGATIVE PLEDGE Clause in Contracts

SECTION NEGATIVE PLEDGE. During the term of this Agreement, Parent will not create or suffer to exist any lien, security interest or other charge of encumbrance, upon or with respect to any voting common stock of DECO from time to time owned by Parent or any capital stock of Subsidiary from time to time owned by Parent, provided, however, that any restriction on the payment of dividends by DECO or Subsidiary contained in any subordinated debt instrument, preferred stock or preference stock of DECO or Subsidiary shall not constitute a lien, security interest or other charge or encumbrance.

SECTION NEGATIVE PLEDGE. During the term of this Agreement, Parent will not create or suffer to exist any lien, security interest or other charge of encumbrance, upon or with respect to any voting common stock of DECO from time to time owned by Parent or any capital stock of Subsidiary from time to time owned by Parent, provided, however, that any restriction on the payment of dividends by DECO or Subsidiary contained in any subordinated debt instrument, preferred stock or preference stock of SIGNATURE PAGE TO CREDIT AGREEMENT 106 DECO or Subsidiary shall not constitute a lien, security interest or other charge or encumbrance.