Negative Pledge Agreement

Negative Pledge Agreement. Means the Negative Pledge Agreement in substantially the form of Exhibit B attached hereto executed by Buyer in favor of Seller (with all blanks appropriately completed). 2 "Operational Expenses" means all expenses of Target, including all expenses with respect to the office space used by Target (rent, utilities, insurance, etc. ), all expenses related to Target's employees (salary, bonus, travel, expense reimbursement, insurance, perquisites, severance, vacation pay, sick... pay, holiday pay, etc. ), all expenses relating to software development and support activities, all expenses relating to the acquisition, maintenance and use of equipment (computers, software, copiers, telephones, telecommunication charges, etc. ), all professional and service fees, all sales and marketing expenses, and all Taxes. View More

Negative Pledge Agreement. Shall mean, collectively, the following: (i) the Negative Pledge Agreement executed by Antigua Masonry Products, Ltd. in favor of Lender, in substantially the form of Exhibit 1.1(N)(1); and (ii) the Negative Pledge Agreement executed by Bahamas Construction & Development Limited in favor of Lender, in substantially the form of Exhibit 1.1(N)(2).

Negative Pledge Agreement. The Negative Pledge Agreement in the form attached hereto as Exhibit "H."

Negative Pledge Agreement. That certain Negative Pledge Agreement dated of even date herewith from Parent in favor of Lender.