Common use of Maintenance of Perfected Security Interest Further Documentation and Consents Clause in Contracts

Maintenance of Perfected Security Interest Further Documentation and Consents. (a) No Grantor shall (i) use or permit any Collateral to be used unlawfully or in violation of any provision of any Loan Document, any Related Document, any requirement of Law or any policy of insurance covering the Collateral or (ii) enter into any Contractual Obligation or undertaking restricting the right or ability of such Grantor or the Collateral Agent to transfer any Collateral if such restriction would reasonably be expected to have a Material Adverse Effect.

Appears in 3 contracts

Samples: Guarantee and Collateral Agreement (SFX Entertainment, INC), Credit Agreement (SFX Entertainment, INC), Guarantee and Collateral Agreement (SFX Entertainment, INC)

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Maintenance of Perfected Security Interest Further Documentation and Consents. (a) No Such Grantor shall (i) not use or permit any Collateral to be used unlawfully or in violation of any provision of any Loan Transaction Document, any Related Document, any requirement of Law Regulation or any policy of insurance covering the Collateral or and (ii) not enter into any Contractual Obligation agreement, obligation or undertaking restricting the right or ability of such Grantor or the Collateral Purchaser Agent to transfer any Collateral enter into an Asset Sale, if such restriction would reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Security Agreement (Unique Logistics International Inc), Registration Rights Agreement (Bergio International, Inc.)

Maintenance of Perfected Security Interest Further Documentation and Consents. (a) No Such Grantor shall (i) not use or permit any Collateral to be used unlawfully or in violation of of: (i) any provision of any Loan Document, Document or (ii) any Related Document, any requirement Requirement of Law or any policy of insurance covering the Collateral or (ii) enter into any Contractual Obligation or undertaking restricting the right or ability of such Grantor or the Collateral Agent to transfer any Collateral if such restriction violation would reasonably be expected to have have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 2 contracts

Samples: Security Agreement (Unisys Corp), Security Agreement (Unisys Corp)

Maintenance of Perfected Security Interest Further Documentation and Consents. (a) No Such Grantor shall (i) not use or permit any Collateral to be used unlawfully or in violation of any provision of any Loan Document, any Related Document, any requirement Requirement of Law in any material respect or any policy of insurance covering the Collateral or and (ii) not enter into any Contractual Obligation or undertaking restricting the right or ability of such Grantor or the Collateral Agent to transfer Sell any Collateral if such restriction would reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Guaranty and Security Agreement (Cinedigm Digital Cinema Corp.), Guaranty and Security Agreement (Cinedigm Digital Cinema Corp.)

Maintenance of Perfected Security Interest Further Documentation and Consents. (a) No The Grantor shall (i) not use or permit any Collateral to be used unlawfully or in violation of any provision of any Loan Transaction Document, any Related Document, any requirement of Law Regulation or any policy of insurance covering the Collateral or and (ii) not enter into any Contractual Obligation agreement, obligation or undertaking restricting the right or ability of such the Grantor or the Collateral Agent to transfer any Collateral enter into an Asset Sale, if such restriction would reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Security Agreement (Chromocell Therapeutics Corp), Security Agreement (Chromocell Therapeutics Corp)

Maintenance of Perfected Security Interest Further Documentation and Consents. (a) No Grantor shall (i) use or permit any Collateral to be used unlawfully (in any material respect) or in violation of any provision of the Indenture, any Loan Collateral Document, any Related Document, any requirement of Law or any policy of insurance covering the Collateral or (ii) enter into Collateral(except where any Contractual Obligation or undertaking restricting the right or ability resulting loss of such Grantor or the Collateral Agent to transfer any Collateral if such restriction insurance coverage would not reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the financial condition of the Grantors (taken as a whole)).

Appears in 2 contracts

Samples: Collateral Agreement (Blyth Inc), Collateral Agreement (Blyth Inc)

Maintenance of Perfected Security Interest Further Documentation and Consents. (a) No Such Grantor shall (i) not use or permit any Collateral to be used unlawfully or in violation of any provision of any Loan Note Document, any Related Document, any requirement Requirement of Law or any policy of insurance covering the Collateral or and (ii) not enter into any Contractual Obligation or undertaking restricting the right or ability of such Grantor or the Collateral Agent to transfer Sell any Collateral (other than a Note Document or a Credit Agreement Document) if such restriction would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Securities Purchase Agreement (Film Department Holdings, Inc.)

Maintenance of Perfected Security Interest Further Documentation and Consents. (a) No Grantor shall (i) use or permit any Collateral to be used unlawfully or in violation of any provision of the Indenture, any Loan Collateral Document, any Related Document, any material requirement of Law or any policy of insurance covering the Collateral or (ii) enter into any Contractual Obligation or undertaking restricting the right or ability of such Grantor or the Collateral Agent to transfer any Collateral if such restriction would reasonably be expected to have a Material Adverse Effectmaterial adverse effect on the financial condition of the Grantors (taken as a whole).

Appears in 1 contract

Samples: Collateral Agreement (SFX Entertainment, INC)

Maintenance of Perfected Security Interest Further Documentation and Consents. (a) No Such Grantor shall (i) not use or permit any Collateral to be used unlawfully or in violation of any provision of any Loan Document, any Related Document, any requirement Requirement of Law in any material respect or any policy of insurance covering the Collateral or and (ii) not enter into any Contractual Obligation or undertaking undertaking, other than the CHG Lease Facility Documents, restricting the right or ability of such Grantor or the Collateral Agent to transfer Sell any Collateral if such restriction would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Cinedigm Digital Cinema Corp.)

Maintenance of Perfected Security Interest Further Documentation and Consents. (a) No Such Grantor shall (i) not use or permit any Collateral to be used unlawfully or in violation of of: (i) any provision of any Loan Document, Pari Passu Lien Document or (ii) any Related Document, any requirement Requirement of Law or any policy of insurance covering the Collateral or (ii) enter into any Contractual Obligation or undertaking restricting the right or ability of such Grantor or the Collateral Agent to transfer any Collateral if such restriction violation would reasonably be expected to have have, either individually or in the aggregate, a Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Unisys Corp)

Maintenance of Perfected Security Interest Further Documentation and Consents. (a) No Such Grantor shall (i) not, in any material respect, use or permit any Collateral to be used unlawfully or in violation of any provision of any Loan Document, any Related Document, any requirement of applicable Law or any policy of insurance covering the Collateral or and (ii) not enter into any Contractual Obligation or undertaking restricting the right or ability of such Grantor or the Collateral Administrative Agent to transfer any Collateral if such restriction would reasonably be expected to have a Material Adverse EffectCollateral, unless expressly permitted by Section 7.09 of the Credit Agreement.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Einstein Noah Restaurant Group Inc)

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Maintenance of Perfected Security Interest Further Documentation and Consents. (a) No The Grantor shall (i) not use or permit any Collateral to be used unlawfully or in violation of any provision of any Loan Document, any Related Document, any requirement Requirement of Law in any material respect or any policy of insurance covering the Collateral or and (ii) not enter into any Contractual Obligation or undertaking restricting the right or ability of such the Grantor or the Collateral Agent to transfer Sell any Collateral if such restriction would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Cinedigm Corp.)

Maintenance of Perfected Security Interest Further Documentation and Consents. (a) No Such Grantor shall (i) not use or permit any Collateral to be used unlawfully or in violation of any provision of any Loan Transaction Document, any Related Document, any requirement Requirement of Law or any policy of insurance covering the Collateral or and (ii) not enter into any Contractual Obligation or undertaking restricting the right or ability of such Grantor or the Collateral Agent to transfer sell any Collateral if such restriction would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Schiff Nutrition International, Inc.)

Maintenance of Perfected Security Interest Further Documentation and Consents. (a) No Grantor shall (i) use or permit any Collateral to be used unlawfully or in violation of any provision of any Loan Document, any Related Document, any material requirement of Law or any policy of insurance covering the Collateral or (ii) enter into any Contractual Obligation or undertaking restricting the right or ability of such Grantor or the Collateral Agent to transfer any Collateral if such restriction would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: First Lien Guarantee and Collateral Agreement (SFX Entertainment, INC)

Maintenance of Perfected Security Interest Further Documentation and Consents. (a) No Grantor shall (i) Such Grantor shall not use or permit any Collateral to be used unlawfully or in violation of any provision of any Loan Document, any Related Document, any requirement Requirement of Law or any policy of insurance covering the Collateral or (ii) enter into any Contractual Obligation or undertaking restricting the right or ability of such Grantor or the Collateral Agent to transfer any Collateral if such restriction would reasonably be expected to have a Material Adverse Effect.Collateral;

Appears in 1 contract

Samples: Security Agreement (Securus Technologies, Inc.)

Maintenance of Perfected Security Interest Further Documentation and Consents. (a) No Such Grantor shall (i) not use or permit any Collateral to be used unlawfully or in violation of any provision of any Loan Transaction Document, any Related Document, any requirement of Law Regulation or any policy of insurance covering the Collateral or and (ii) not enter into any Contractual Obligation agreement, obligation or undertaking restricting the right or ability of such Grantor or the Collateral Agent to transfer any Collateral enter into an Asset Sale, if such restriction would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Security Agreement (Unrivaled Brands, Inc.)

Maintenance of Perfected Security Interest Further Documentation and Consents. (a) No Such Grantor shall (i) not use or permit any Collateral to be used unlawfully or in violation of any provision of any Loan Document, any Related DocumentAgreement, any requirement Requirement of Law or any policy of insurance covering the Collateral or (ii) enter into any Contractual Obligation or undertaking restricting the right or ability of such Grantor or the Collateral Agent to transfer any Collateral if such restriction would reasonably be expected to have a Material Adverse EffectCollateral.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Rentech Nitrogen Partners, L.P.)

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