Negative Covenants of the Pledgor. The Pledgor covenants and agrees that, without the prior written consent of the Secured Party, the Pledgor will not (i) sell, assign, or transfer any of the Pledgor's rights in the Collateral other than in the ordinary course of business with respect to inventory; or (ii) create any other security interest in, mortgage, or otherwise encumber the Collateral or any part thereof, or permit the Collateral to be or become subject to any lien, attachment, execution, sequestration, other legal or equitable process, or any encumbrance of any kind or character, except the security interest created herein.
Negative Covenants of the Pledgor. The Pledgor further covenants and agrees that, without the prior written consent of the Secured Party, the Pledgor will not (a) sell assign or transfer any of the Pledgor's rights in the Collateral; of (b) create any other security interest in, mortgage or otherwise encumber the Collateral, or any part thereof or permit the same to be or become subject to any lien, attachment, execution, sequestration, other legal or equitable process or any encumbrance of any kind or character, except the Security Interests herein created; or (c) take any action, or allow the Corporation to take any action which would dilute the equity percentage of the Shares without the prior written consent of Secured Party.
Negative Covenants of the Pledgor. The Pledgor hereby covenants and agrees with the Pledgee that, unless otherwise agreed in writing with the Pledgee, until the Termination Date:
Negative Covenants of the Pledgor. The Pledgor hereby covenants to the Pledgeholder and agrees that, without the prior written consent of the Pledgeholder, the Pledgor shall not:
