Common use of No Further Negative Pledges Clause in Contracts

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 14 contracts

Sources: Credit Agreement (Urs Corp /New/), Credit Agreement (Trammell Crow Co), Credit Agreement (Aurora Foods Inc /Md/)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company nor any of its Subsidiaries shall enter into any agreement (other than an agreement prohibiting only the creation of Liens securing Subordinated Indebtedness) prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 6 contracts

Sources: Credit Agreement (Manufacturers Services LTD), Credit Agreement (Varco International Inc), Credit Agreement (Houlihans Restaurant Group Inc)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company Holdings nor any of its Subsidiaries shall enter into any agreement (other than an agreement prohibiting only the creation of Liens securing Subordinated Indebtedness) prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 2 contracts

Sources: Credit Agreement (Diamond Brands Operating Corp), Credit Agreement (Diamond Brands Operating Corp)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company nor any of its Subsidiaries shall enter into any agreement agreement, prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquiredacquired to secure Company's principal bank credit agreement outstanding at any time.

Appears in 2 contracts

Sources: Credit Agreement (Petco Animal Supplies Inc), Credit Agreement (Petco Animal Supplies Inc)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Neither Company nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired, except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale.

Appears in 2 contracts

Sources: Credit Agreement (Oxford Health Plans Inc), Credit Agreement (Manufacturers Services LTD)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness (including Capital Leases) or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company nor any of its Subsidiaries shall enter into any agreement (other than an agreement prohibiting only the creation of Liens securing Subordinated Indebtedness) prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Sources: Credit Agreement (Bell Industries Inc /New/)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Salea sale of such property, neither the Company nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Sources: Merger Agreement (Usa Broadband Inc)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset SaleSale and property subject to Liens permitted under subsection 6.2A, neither Company nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Sources: Credit Agreement (Libbey Inc)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company Borrower nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Sources: Credit Agreement (Wj Communications Inc)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company of the Borrowers nor any of its their 93 CREDIT AGREEMENT Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Sources: Credit Agreement (La Quinta Corp)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Neither Company nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired, except with respect to indentures governing Company's Subordinated Indebtedness and specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale.

Appears in 1 contract

Sources: Credit Agreement (Ackerley Group Inc)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness incurred to pay the purchase price of such property or to be sold pursuant to an executed agreement with respect to an Asset SaleSale and except for the Indenture, neither Company nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Sources: Credit Agreement (James Cable Finance Corp)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company Neither Borrower nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired, except with respect to specific property encumbered to secure payment of particular Indebtedness or Subordinated Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale permitted by this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Prime Hospitality Corp)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assetsassets to or for the benefit of the Lenders, whether now owned or hereafter acquired, except for Permitted Transfer Restrictions.

Appears in 1 contract

Sources: Credit Agreement (Oakley Inc)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither the Company nor any of its Subsidiaries shall enter into any agreement (other than an agreement prohibiting only the creation of Liens securing Subordinated Indebtedness) prohibiting the creation or assumption of on any Lien upon any of its properties or assets, whether now or owned or hereafter acquired.

Appears in 1 contract

Sources: Credit Agreement (Comfort Systems Usa Inc)

No Further Negative Pledges. Except with respect to specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with respect to an Asset Sale, neither Company Holdings nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Sources: Credit Agreement (Optel Inc)