Negative Pledge Agreement definition

Negative Pledge Agreement means the Negative Pledge Agreement(s) dated on or about April 6, 2010, executed by any Borrower in favor of Bank and any similar negative pledge financing statements covering Property of any Borrower, as the Negative Pledge Agreement may be amended, supplemented or otherwise modified from time to time.

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Negative Pledge Agreement means an agreement in the form of Exhibit H.

Negative Pledge Agreement means the agreement executed by each of the Co-Borrowers and the Material Subsidiaries and prohibiting the sale or collateral conveyance of the signatories' assets.

Examples of Negative Pledge Agreement in a sentence

• Borrower hereby ratifies, confirms and reaffirms, all and singular, the terms and conditions of a certain Negative Pledge Agreements each dated as of January 30, 2003 between Borrower and Bank, and acknowledges, confirms and agrees that said Negative Pledge Agreement shall remain in full force and effect.

• The Borrower defaults in the performance or observance of any other covenant, agreement or undertaking on its part to be performed or observed, contained herein, in the Negative Pledge Agreement, or in any other instrument or document which now or hereafter evidences or secures all or any part of the Revolving Credit Loan and the same shall remain unremedied for 30 days.

• In the event of any conflict between the provisions hereof and the provisions of the Negative Pledge Agreement, the Note or any other loan documents executed or delivered herewith or in connection with the original Loan made by Bank to the Borrower on or about April 6, 2010 or any other document executed in connection herewith during the continuance of this Loan Agreement, the provisions of this Loan Agreement shall control.

• Time is of the essence of this Loan Agreement, the Note, the Negative Pledge Agreement or any other loan documents executed or delivered herewith or in connection with the original Loan made by Bank to the Borrower on or about April 6, 2010 and the other instruments and documents executed and delivered in connection herewith.

• It is understood and acknowledged that one or more banks or lending institutions of the Company may from time to time require, as a condition to extending or continuing to extend credit to the Company, that persons who are both stockholders and members of management of the Company execute and deliver to such banks or lending institutions certain assurances and agreements such as the Negative Pledge Agreement.

More Definitions of Negative Pledge Agreement

Negative Pledge Agreement means the Negative Pledge Agreement executed in counterparts by Borrower in favor of Lender and dated as of even date herewith.

Negative Pledge Agreement means that certain Negative Pledge Agreement originally dated as of July 15, 1993 by and among Gera▇▇ ▇. ▇▇▇d▇, ▇▇▇▇ ▇. L▇▇▇▇ ▇▇▇ Fleet National Bank (f/k/a/ Shawmut Bank Connecticut, National Association), as most recently amended and confirmed by Gera▇▇ ▇. ▇▇▇d▇, ▇▇▇▇ ▇.

Negative Pledge Agreement the deed named “Negative Pledge” dated 29 October 1991 between the Bank, Sims and the companies named in schedule 1 of that deed, as amended, supplemented or varied by the documents listed in schedule 4 (with the exception of this Deed); and “Retiring Member” - the companies named in schedule 3.

Negative Pledge Agreement means that certain Negative Pledge Agreement, dated as of the Closing Date, by Borrowers and Guarantors in favor of Agent.

Negative Pledge Agreement means the Amended and Restated Negative Pledge Agreement, dated as of the Restatement Date among FERC Owner and the Collateral Agent.

Negative Pledge Agreement means, in respect of each Hotel Facility, an agreement, in substantially the form of Exhibit C, executed by the Borrower or the Subsidiary owning such Hotel Facility, as such agreement may be amended, supplemented or otherwise modified from time to time.

Negative Pledge Agreement have the meanings provided in Section 3.2(e)(iii).