Common use of NO RESTRICTIONS ON LIABILITIES Clause in Contracts

NO RESTRICTIONS ON LIABILITIES. No Borrower shall enter into or permit any Affiliate or Subsidiary to directly or indirectly become subject to any agreement which prohibits or restricts, in any manner, any Borrower's or any such Affiliate's or Subsidiary's: (a) Creation of, and granting of Collateral Interests in favor of the Collateral Agent other than the following: (i) In connection with a Permitted Real Estate Transaction (as to which, see Section 5:5-15). (ii) By documentation which evidences solely a purchase money security interest in Equipment otherwise permitted by this Agreement. (b) Ability to incur Liabilities.

NO RESTRICTIONS ON LIABILITIES. No Borrower shall enter into or permit any Affiliate or Subsidiary to directly or indirectly become subject to any agreement Agreement which prohibits or restricts, in any manner, any that Borrower's or any such Affiliatethat Borrower's or Subsidiary'sSubsidiaries': (a) Creation of, and granting of Collateral Interests in favor of the Collateral Agent (other than the following: (i) In connection with a Permitted Real Estate Transaction (as to which, see Section 5:5-15). (ii) By in documentation which evidences Indebtedness secured solely by a purchase money security interest in Equipment otherwise permitted by this Agreement). (b) Ability to incur Liabilities.)