NO OBLIGATION TO CREATE Clause Samples

NO OBLIGATION TO CREATE. SECURITY Its execution of the Facility Documents and its exercise of its rights and performance of its obligations thereunder will not result in the existence of nor oblige it to create any encumbrance over all or any of its present or future revenues or assets except pursuant to the Facility Documents;
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NO OBLIGATION TO CREATE. SECURITY The execution of the Financing Documents and its exercise of its rights and performance of its obligations to which each Obligor is a party thereunder will not result in the existence of nor oblige it to create any encumbrance over all or any of its present or future revenues or assets except pursuant to such Financing Documents;
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NO OBLIGATION TO CREATE. SECURITY Its execution of this Agreement and the Transaction Documents and its exercise of its rights and performance of its obligations hereunder or thereunder will not (save as required hereunder) result in the existence of nor oblige: (i) any of the Obligors; or (ii) any member or members of the VNU Group the aggregate net revenues of which, consolidated if applicable, when aggregated with the net revenues, consolidated if applicable, of each other member of the VNU Group which has created any encumbrance on all or any part of its respective present or future assets or revenues to secure any Specified Indebtedness which would be prohibited under Clause 15.6 (NEGATIVE PLEDGE) represent 10% or more of the consolidated net revenues of the VNU Group to create any encumbrance over all or any of its or their present or future revenues or assets to secure any Specified Indebtedness which would be prohibited under Clause 15.6 (NEGATIVE PLEDGE).
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NO OBLIGATION TO CREATE. Security Its execution and delivery of the Finance Documents to which it is a party and its exercise of its rights and performance of its obligations thereunder will not result in the existence of nor oblige any Obligor to create any encumbrance over all or any of its present or future revenues or assets.
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NO OBLIGATION TO CREATE. SECURITY Its execution of this Agreement and its exercise of its rights and performance of its obligations hereunder will not (save as required hereunder) result in the existence of nor oblige: (a) any of the Obligors; or
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NO OBLIGATION TO CREATE. Security The execution of each of the Facility Documents and the exercise of the rights and performance of the obligations thereunder by each party thereto will not result in the existence of nor oblige any Relevant Member of the Group to create any encumbrance over all or any of its present or future revenues or assets other than any Permitted Encumbrance.
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Related to NO OBLIGATION TO CREATE

  • No obligation to monitor No Finance Party is bound to monitor or verify the utilisation of the Facility.

  • No Obligation to Mitigate The Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise, nor, except as set forth in Section 4(d), shall the amount of any payment provided for under this Agreement be reduced by any compensation earned by the Executive as the result of employment by another employer after the Date of Termination, or otherwise.

  • No Obligation to Act The Agent shall not be obligated to do any of the acts or to exercise any of the powers authorized by Section 9-1 herein, but if the Agent elects to do any such act or to exercise any of such powers, it shall not be accountable for more than it actually receives as a result of such exercise of power, and shall not be responsible to the Borrower for any act or omission to act except for any act or omission to act as to which there is a final determination made in a judicial proceeding (in which proceeding the Agent has had an opportunity to be heard) which determination includes a specific finding that the subject act or omission to act had been grossly negligent or in actual bad faith.

  • No Obligation to Third Parties The execution and delivery of this Agreement shall not be deemed to confer any rights upon, nor obligate either of the parties hereto to, any person or entity not a party to this Agreement.

  • No Obligation to Mitigate Damages Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise.