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 indenture, agreement, instrument or other arrangement that prohibits, restricts or imposes any condition upon (i) the ability of the Borrower or any other Obligor to create, incur or permit to exist any Lien (other than Permitted Liens) upon any of its property or assets (other than (x) customary provisions in contracts (including without limitation leases and licenses of Intellectual Property) restricting the assignment thereof or, in the case of any lease or license, the sublease or sublicense or other disposition of the applicable leased or licensed property, (y) restrictions or conditions imposed by any agreement governing secured Permitted Indebtedness permitted under Section 9.01(g), to the extent that such restrictions or conditions apply only to the property or assets securing such Indebtedness and (z) restrictions in agreements related to any Asset Sale to the extent such Asset Sale would be a permitted Asset Sale under this Agreement), or (ii) the ability of any Subsidiary of Parent to pay dividends or other distributions with respect to any shares of its capital stock or to make or repay loans or advances to the Borrower or any other Obligor or the ability of Parent or any Subsidiary of Parent to guarantee Indebtedness of the Borrower or any other Obligor to the extent such guarantee is required by Section 8.12.
Restrictive Agreement has the meaning set forth in Section 7.15.
Examples of Restrictive Agreement in a sentence
The Obligors shall not, and shall not permit any of their Subsidiaries to, directly or indirectly, enter into, incur or permit to exist any Restrictive Agreement other than (i) restrictions and conditions imposed by applicable Laws or by the Loan Documents and (ii) Restrictive Agreements listed on Schedule 9.11, and Permitted Refinancings thereof that are Permitted Indebtedness.
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.