Restrictive Agreement definition

Restrictive Agreement an agreement (other than a Loan Document) that conditions or restricts the right of any Borrower, Subsidiary or other Obligor to incur or repay Borrowed Money, to grant Liens on any assets, to declare or make Distributions, to modify, extend or renew any agreement evidencing Borrowed Money, or to repay any intercompany Debt.
Restrictive Agreement means any agreement or other arrangement that prohibits, limits, restricts or imposes any condition upon (a) the ability of the Borrower or any Restricted Subsidiary to create, incur or permit to exist any Lien upon any of its property or assets in favor of the Administrative Agent and the other Secured Parties to secure any of the Secured Obligations (without requiring the Secured Parties to share any of the Liens securing the Secured Obligations equally and ratably with any of the Senior Notes) that is more restrictive than the limitation contained in the 2015 Indenture (as in effect on the Effective Date) or (b) the ability of any Restricted Subsidiary to pay any dividends or other distributions with respect to its Equity Interests to, or to make or repay any loans or advances to, or to Dispose of any assets to, the Borrower or any Restricted Subsidiary.
Restrictive Agreement has the meaning set forth in Section 7.15.

Examples of Restrictive Agreement in a sentence

  • No such Restrictive Agreement prohibits the execution, delivery or performance of any Loan Document by an Obligor.

  • RESPONSIBILITY OF APPLICANT The Applicant has the responsibility to abide by the representations made in the tax credit application and in the Land Use Restrictive Agreement.

  • The Trustees shall have the duty to maintain said Common Lands during the life of this Restrictive Agreement, whether title thereto be in their names or in the names of all lot owners as tenants in common and shall have exclusive right to manage and control said area for the purposes described herein and for that purpose may make such rules as they deem fit governing the use of such area.

  • A Land Use Restrictive Agreement (LURA) will be required to be executed by the development owner (see Section 1.1(2)).

  • A Land Use Restrictive Agreement (LURA) committing to serve tenants at this income level for a period of forty (40) years or longer must be executed and recorded prior to issuance of Forms 8609.


More Definitions of Restrictive Agreement

Restrictive Agreement as defined in Section 8.7.
Restrictive Agreement means any agreement between the Company or any Subsidiary and the Optionee that contains non-competition, non-solicitation, non-hire, non-disparagement or confidentiality restrictions applicable to the Optionee.
Restrictive Agreement means any agreement between the Company, or any Subsidiary or other Affiliate, and the Grantee that contains non-competition, non-solicitation, non-hire, non-disparagement, return-of-property or confidentiality restrictions applicable to the Grantee.
Restrictive Agreement means an agreement by one owner of land d restricting the building on, or the use, or other enjoyment of land for the benefit of the owner under a land or neighbouring land and includes a restrictive covenant;
Restrictive Agreement an agreement (other than a Loan Document) that conditions or materially restricts the right of Borrower or any other Obligor to incur or repay the Obligations, to grant Liens on any Collateral in favor of Agent and the Lenders, to modify, extend or renew any agreement evidencing the Obligations, to repay any intercompany Debt or to declare or make Distributions.
Restrictive Agreement shall have the meaning set forth in Section 9.23(a).
Restrictive Agreement means an agreement that conditions or restricts the right of any Loan Party or Restricted Subsidiary to grant Liens on any assets securing the Obligations or to declare or make dividends or similar distributions.