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

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, dated the date hereof, among the Covered Subsidiaries and the Administrative Agent, substantially in the form of Exhibit C, as the same may be amended, modified or supplemented from time to time.

Negative Pledge Agreement means a negative pledge agreement, executed in favor of Administrative Agent, for the benefit of itself and the other Secured Parties, in form and content approved by Administrative Agent, pursuant to which the executing party agrees not to ▇▇▇▇▇ ▇ ▇▇▇▇ with respect to any of its property, real and personal, except to the extent such Lien constitutes a Permitted Encumbrance, as such agreement may be amended, modified, supplemented, extended and restated from time to time.

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 means each Negative Pledge Agreement executed and delivered by an Excluded Subsidiary in favor of the Administrative Agent for the benefit of the Secured Parties, in substantially the form of Exhibit L hereto.

Negative Pledge Agreement the deed named “Negative Pledge” dated 29 October 1991 between the Bank, Sims and the companies named in schedule 1 of

Negative Pledge Agreement means a written agreement executed by the Borrower or any other Person which owns a Hotel Property wherein the Borrower or such Person agrees not to encumber, transfer, pledge, assign, mortgage or otherwise hypothecate such Hotel Property in any manner.

Negative Pledge Agreement means that certain Negative Pledge Agreement of even date herewith among the Non-Material Subsidiaries, the Foreign Subsidiaries and the Administrative Agent for the benefit of the Lender Group, substantially in the form of Exhibit N.