Negative Pledges, Restrictive Agreements, etc. The Borrower will not, and will not permit any of its Subsidiaries to, enter into any agreement (excluding this Agreement and any other Loan Document) prohibiting: (a) the creation or assumption of any Lien upon its properties, revenues or assets, whether now owned or hereafter acquired, or the ability of the Borrower or any other Obligor to amend or otherwise modify this Agreement or any other Loan Document; or (b) the ability of any Subsidiary of the Borrower to make any payments, directly or indirectly, to the Borrower by way of dividends, advances, repayments of loans or advances, reimbursements of management and other intercompany charges, expenses and accruals or other returns on investments, or any other agreement or arrangement which restricts the ability of any such Subsidiary to make any payment, directly or indirectly, to the Borrower.
Appears in 2 contracts
Sources: Credit and Guaranty Agreement (Key Components Finance Corp), Credit and Guaranty Agreement (Key Components LLC)
Negative Pledges, Restrictive Agreements, etc. The Borrower ---------------------------------------------- will not, and will not permit any of its Subsidiaries to, enter into any agreement (excluding this Agreement and any other Loan Document) prohibiting:
(a) the creation or assumption of any Lien upon its properties, revenues or assets, whether now owned or hereafter acquired, or the ability of the Borrower or any other Obligor to amend or otherwise modify this Agreement or any other Loan Document; or
(b) the ability of any Subsidiary of the Borrower to make any payments, directly or indirectly, to the Borrower by way of dividends, advances, repayments of loans or advances, reimbursements of management and other intercompany charges, expenses and accruals or other returns on investments, or any other agreement or arrangement which restricts the ability of any such Subsidiary to make any payment, directly or indirectly, to the Borrower.
Appears in 2 contracts
Sources: Credit Agreement (Aristotle Corp), Credit Agreement (Aristotle Corp)
Negative Pledges, Restrictive Agreements, etc. The Borrower will not, and will not permit any of its Restrictive Subsidiaries to, enter into any agreement (excluding this Agreement and any other Loan Document) prohibiting:
(a) the creation or assumption of any Lien upon its properties, revenues or any assets, whether now owned or hereafter acquired, that are, or are required to be, delivered in pledge pursuant to the terms of this Agreement or a Loan Document;
(b) the ability of the Borrower or any other Obligor to amend or otherwise modify this Agreement or any other Loan Document; or
(bc) the ability of any Restricted Subsidiary of the Borrower to make any payments, directly or indirectly, to the Borrower Borrower, including by way of dividends, advances, repayments of loans or advancesloans, reimbursements of management and other intercompany charges, expenses and accruals or other returns on investments, or . The foregoing prohibitions shall not apply to restrictions contained in this Agreement and any other agreement or arrangement which restricts the ability of any such Subsidiary to make any payment, directly or indirectly, to the BorrowerLoan Document.
Appears in 1 contract
Negative Pledges, Restrictive Agreements, etc. The Borrower will not, and will not permit any of its Subsidiaries to, enter into any agreement (excluding this Agreement and any other Loan Documentagreement governing any Debt permitted by Section 6.2(c) prohibiting:
as to the assets financed with the proceeds of such Debt) restricting (a) the creation or assumption of any Lien in favor of the Administrative Agent upon its properties, revenues or assets, whether now owned or hereafter acquired, or the ability of the Borrower or any other Obligor to amend or otherwise modify this Agreement any Loan Document or any other Loan Document; or
(b) the ability of any Subsidiary of the Borrower (other than the Borrower) to make any payments, payments directly or indirectly, indirectly to the Borrower Borrower, by way of dividends, advances, repayments of loans or advances, reimbursements of management and any other intercompany charges, expenses and accruals or other returns on investments, or any other agreement or arrangement which restricts the ability of any such Subsidiary the Borrower to make any payment, directly or indirectly, to the Borrower.
Appears in 1 contract
Sources: Credit Agreement (Green Plains Renewable Energy, Inc.)