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

No Other Liens; No Sales or Transfers. Pledgor hereby represents and warrants that he has good and valid title to all of the Pledged Shares, free and clear of all liens, security interests and other encumbrances, other than pursuant to the Senior Management Agreement and a Stockholders Agreement dated as of September 7, 2001 among the Company and certain of its stockholders (including, without limitation, Pledgor), and Pledgor hereby covenants that, until such time as all of the outstanding principal of and interest on the Note has been repaid, Pledgor shall not (i) create, incur, assume or suffer to exist any pledge, security interest, encumbrance, lien or charge of any kind against the Pledged Shares or Pledgor's rights or a holder thereof, other than pursuant to this Agreement, or (ii) sell or otherwise transfer any Pledged Shares or any interest therein.

Appears in 3 contracts

Samples: Executive Stock Pledge Agreement (Digitalnet Holdings Inc), Executive Stock Pledge Agreement (Digitalnet Holdings Inc), Executive Stock Pledge Agreement (Digitalnet Holdings Inc)

AutoNDA by SimpleDocs

No Other Liens; No Sales or Transfers. Pledgor hereby represents and warrants that he has good and valid title to all of the Pledged Shares, free and clear of all liens, security interests and other encumbrances, other than pursuant to the Senior Management Agreement and a those imposed by that certain Stockholders Agreement Agreement, dated as of September 7December 10, 2001 among 1999, between the Company and certain the stockholders of its stockholders (including, without limitation, Pledgor)the Company, and Pledgor hereby covenants that, until such time as all of the outstanding principal of and interest on the Note has been repaid, Pledgor shall not (i) create, incur, assume or suffer to exist any pledge, security interest, encumbrance, lien or charge of any kind against the Pledged Shares or Pledgor's rights or as a holder thereof, other than pursuant to this Agreement, or (ii) sell or otherwise transfer any Pledged Shares or any interest therein.

Appears in 3 contracts

Samples: Management Stock Purchase Agreement (North Shore Agency Inc), Management Stock Purchase Agreement (North Shore Agency Inc), Management Stock Purchase Agreement (North Shore Agency Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.