Common use of No Negative Pledges Clause in Contracts

No Negative Pledges. Enter into or assume any agreement (other than the Loan Documents) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired.

Appears in 3 contracts

Sources: Loan and Security Agreement, Loan and Security Agreement (Pizza Inn Holdings, Inc /Mo/), Credit and Security Agreement (Tower Air Inc)

No Negative Pledges. Enter into or assume any agreement (other ------------------- than the Loan Documents) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired.

Appears in 3 contracts

Sources: Loan and Security Agreement (Tower Air Inc), Loan and Security Agreement (Tower Air Inc), Loan and Security Agreement (Hawker Pacific Aerospace)

No Negative Pledges. Enter into or assume any agreement (other than the Loan Documents) prohibiting the creation or assumption of any Lien (other than a Permitted Encumbrance) upon its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Sources: Loan and Security Agreement (Perma Fix Environmental Services Inc)

No Negative Pledges. Enter into or assume any agreement (other than the Loan Documents or the Subordinated Debt Documents) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Sources: Loan Agreement (Recoton Corp)

No Negative Pledges. Enter into or assume any agreement ------------------- (other than the Loan Documents) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Sources: Loan Agreement (Lund International Holdings Inc)

No Negative Pledges. Enter into or assume any agreement (other than the Loan Documents, the Notes under the 1999 Securities Purchase Agreement or the Senior Loan Documents) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Sources: Credit Agreement (Recoton Corp)

No Negative Pledges. Enter into or assume any agreement (other than the Restated Loan Documents) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Sources: Credit Facilities Agreement (Integrated Information Systems Inc)

No Negative Pledges. Enter into or assume any agreement (other than this Agreement, the Term Loan Documents or the Senior Loan Documents) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Sources: Securities Purchase Agreement (Recoton Corp)

No Negative Pledges. Enter into or assume any agreement (other than the ------------------- Loan Documents) prohibiting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Sources: Loan and Security Agreement (Right Start Inc /Ca)

No Negative Pledges. Enter into or assume any agreement (other than the Loan Documents and the US Facility Loan Documents) prohibiting the creation or assumption of any Lien upon its the properties or assetsassets of any Loan Party, whether now owned or hereafter acquired.

Appears in 1 contract

Sources: Loan and Security Agreement (Beacon Roofing Supply Inc)

No Negative Pledges. Enter into or assume any agreement (other than the Loan DocumentsDocuments and the Parent Credit Agreement) prohibiting the creation or assumption of any Lien upon its Borrower's properties or assets, whether now owned or hereafter acquired.

Appears in 1 contract

Sources: Loan and Security Agreement (Arvinmeritor Inc)