Common use of No Other Liens; No Sales or Transfers Clause in Contracts

No Other Liens; No Sales or Transfers. The Company hereby represents and warrants that it has good and valid title to all of the Pledged Assets, free and clear of all liens, security interests and other encumbrances (other than liens and security interests in favor of Participating Creditors as defined in the Intercreditor Agreement dated as of December 6, 2000, by and among Interprise Technology Partners LP, Drax Holdings, LP, Viscaya Investments, Inc., DC Investment Partners Exchange Fund, L.P., Fred Xxxxxxx xxx Martxx xxx Ruth Xxxxx xxx the Company), and the Company hereby covenants that, until such time as all of the outstanding principal of and interest on the Lender Note has been repaid, the Company shall not (i) create, incur, assure or suffer to exist any pledge, security interest, encumbrance, lien or charge of any kind against the Pledged Assets or the Company's rights or a holder thereof, other than pursuant to this

No Other Liens; No Sales or Transfers. The Company hereby represents and warrants that it has good and valid title to all of the Pledged Assets, free and clear of all liens, security interests and other encumbrances (other than liens and security interests in favor of Participating Creditors as defined in the Intercreditor Agreement dated as of December 6, 2000, by and among Interprise Technology Partners LP, Drax Holdings, LP, Viscaya Investments, Inc., DC Investment Partners Exchange Fund, L.P., Fred Xxxxxxx xxx Martxx xxx Ruth Xxxxx xxx the Company), and the Company hereby covenants that, until such time as all of the outstanding principal of and interest on the Lender Note has been repaid, the Company shall not (i) create, incur, assure or suffer to exist any pledge, security interest, encumbrance, lien or charge of any kind against the Pledged Assets or the Company's rights or a holder thereof, other than pursuant to thisthis Agreement or under substantially similar terms as those set forth in this agreement, or (ii) sell or otherwise transfer any Pledged Assets or any interest therein, other than in the ordinary course of the Company's business.

No Other Liens; No Sales or Transfers. The Company hereby represents and warrants that it has good and valid title to all of the Pledged Assets, free and clear of all liens, security interests and other encumbrances (other than liens and security interests in favor of Participating Creditors as defined in the Intercreditor Agreement dated as of December 6, 2000, by and among Interprise Technology Partners LP, Drax Holdings, LP, Viscaya Investments, Inc., DC Investment Partners Exchange Fund, L.P., Fred Xxxxxxx xxx Martxx xxx Ruth Xxxxx xxx the Company), and the Company hereby covenants that, until such time as all of the outstanding principal of and interest on the Lender Note has been repaid, the Company shall not (i) create, incur, assure or suffer to exist any pledge, security interest, encumbrance, lien or charge of any kind against the Pledged Assets or the Company's rights or a holder thereof, other than pursuant to thisthis Agreement, or (ii) sell or otherwise transfer any Pledged Assets or any interest therein, other than in the ordinary course of the Company's business.

No Other Liens; No Sales or Transfers. The Company hereby represents and warrants that it has good and valid title to all of the Pledged Assets, free and clear of all liens, security interests and other encumbrances (other than liens and security interests in favor of Participating Creditors as defined in the Intercreditor Agreement dated as of December 6, 2000, by and among Interprise Technology Partners LP, Drax Holdings, LP, Viscaya Investments, Inc., DC Investment Partners Exchange Fund, L.P., Fred Xxxxxxx xxx Martxx xxx Ruth Xxxxx xxx the Company), and the Company hereby covenants that, until such time as all of the outstanding principal of and interest on the Lender Note has been repaid, the Company shall not (i) create, incur, assure or suffer to exist any pledge, security interest, encumbrance, lien or charge of any kind against the Pledged Assets or the Company's rights or a holder thereof, other than pursuant to thisthis Agreement or under substantially similar terms as those set forth in this agreement, or (ii) sell or