Common use of NO RESTRICTIONS ON LIABILITIES Clause in Contracts

NO RESTRICTIONS ON LIABILITIES. No Loan Party shall enter into or directly or indirectly become subject to any agreement which prohibits or restricts, in any manner, any Loan Party’s: (a) Creation of, and granting of Collateral Interests in favor of the Collateral Agent.

Appears in 8 contracts

Sources: Term Loan and Security Agreement (Destination Xl Group, Inc.), Loan and Security Agreement (Casual Male Retail Group Inc), Loan and Security Agreement (Casual Male Retail Group Inc)

NO RESTRICTIONS ON LIABILITIES. No Loan Party shall enter into or directly or indirectly become subject to any agreement which prohibits or restricts, in any manner, any Loan Party’s's: (a) Creation of, and granting of Collateral Interests in favor of the Collateral Agent.

Appears in 6 contracts

Sources: Loan and Security Agreement (DSW Inc.), Loan and Security Agreement (Designs Inc), Loan and Security Agreement (Retail Ventures Inc)

NO RESTRICTIONS ON LIABILITIES. No Loan Party shall enter into or directly or indirectly become subject to any agreement which prohibits or restricts, in any manner, any Loan Party’s's: (a) Creation of, and granting of Collateral Interests in favor of the Collateral Agent.

Appears in 1 contract

Sources: Loan and Security Agreement (Odd Job Stores Inc)

NO RESTRICTIONS ON LIABILITIES. No Loan Party shall enter into or directly or indirectly become subject to any agreement which prohibits or restricts, in any manner, any Loan Party’s's: (a) Creation of, and granting of Collateral Interests in favor of the Collateral AgentAgents. (b) Incurrence of Liabilities.

Appears in 1 contract

Sources: Loan and Security Agreement (Value City Department Stores Inc /Oh)