Common use of Negative Pledges Clause in Contracts

Negative Pledges. Other than as set forth in Section 4.12 of the Indenture, none of the Credit Parties will, nor will it permit any of its Subsidiaries to, enter into, assume or become subject to any agreement prohibiting or otherwise restricting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired, or requiring the grant of any security for such obligation if security is given for some other obligation.

Appears in 6 contracts

Sources: Credit Agreement (Chattem Inc), Credit Agreement (Chattem Inc), Credit Agreement (Chattem Inc)

Negative Pledges. Other than as set forth in Section 4.12 of the Indenture, none of the Credit Parties will, nor will it permit any of its Subsidiaries to, enter into, assume or become subject to any agreement prohibiting or otherwise restricting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired, or requiring the grant of any security for such obligation if security is given for some other obligation.. 8.15

Appears in 2 contracts

Sources: Credit Agreement (Chattem Inc), Credit Agreement (Chattem Inc)

Negative Pledges. Other than as set forth in Section 4.12 of the Indenture, none None of the Credit Parties will, nor will it permit any of its Subsidiaries to, enter into, assume or become subject to any agreement prohibiting or otherwise restricting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired, or requiring the grant of any security for such obligation if security is given for some other obligation; provided, however, the Indebtedness incurred or assumed, as applicable, pursuant to Sections 7.1(d) and (f) may restrict the creation of any additional Liens on the assets securing such Indebtedness.

Appears in 2 contracts

Sources: Credit Agreement (Medical Staffing Network Holdings Inc), Credit Agreement (Medical Staffing Network Holdings Inc)

Negative Pledges. Other than Except as set forth in Section 4.12 of the Indenture, none of the Credit Parties willDocuments and on Schedule 9.2 attached hereto, a Credit Party will not, nor will it permit any of its Domestic Subsidiaries to, enter into, assume or become subject to any agreement prohibiting or otherwise restricting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired, or requiring the grant of any security for such obligation if security is given for some other obligation.

Appears in 1 contract

Sources: Credit Agreement (Ivex Packaging Corp /De/)

Negative Pledges. Other than as set forth in Section 4.12 of the Indenture, none None of the Credit Parties (other than the Parent) will, nor will it they permit any of its their Subsidiaries to, enter into, assume or become subject to any agreement prohibiting or otherwise restricting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired, or requiring the grant of any security for such obligation if security is given for some other obligation.

Appears in 1 contract

Sources: Credit Agreement (Integrated Living Communities Inc)

Negative Pledges. Other than as set forth in Section 4.12 of the Floating Rate Indenture and Section 4.12 of the Subordinated Indenture, none of the Credit Parties will, nor will it permit any of its Subsidiaries to, enter into, assume or become subject to any agreement prohibiting or otherwise restricting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired, or requiring the grant of any security for such obligation if security is given for some other obligation.

Appears in 1 contract

Sources: Credit Agreement (Chattem Canada Holdings Inc)