No Transfer or Hypothecation. Pledgor will not, without the prior written consent of Shareholder, transfer, assign, dispose of its right, title or interest in the Pledged Interests, or any part thereof, or create directly or indirectly any other security interest or otherwise encumber any of the Pledged Interests, or permit any of the Pledged Interests to ever be or become subject to any warrant, put, option or other rights of third persons or any attachment,
No Transfer or Hypothecation. Without the prior written consent of Lender, no Assignor will transfer its rights or interests in any Collateral, sell, lease or otherwise dispose of any Collateral, or create any other lien or security interest or otherwise encumber any of any Collateral, or release or surrender any Collateral at any time, or permit any Collateral ever to be or become subject to any lien, attachment, execution, sequestration, other legal or equitable process, or any lien or encumbrance of any kind, except the Security Interest and Permitted Liens. Assignors shall not send any notice to any Person which may result in the creation of any other interest in the Collateral.
No Transfer or Hypothecation. Pledgor will not, without the prior written consent of Pledgee, transfer, assign, dispose of its right, title or interest in the Pledged Interests, or any part thereof, or create directly or indirectly any other security interest or otherwise encumber any of the Pledged Interests, or permit any of the Pledged Interests to ever be or become subject to any warrant, put, option or other rights of third persons or any attachment, execution, sequestration or other legal or equitable process, or any security interest or encumbrance of any kind, except a security interest which exists as of the Closing Date (as defined in the Merger Agreement), as provided in the Merger Agreement or which may arise from, through or out of unauthorized actions or omissions of the Pledgee. Pledgor will warrant and defend the security interests created hereby against the claims of all third parties other than those claims arising prior to the Closing Date (as defined in the Merger Agreement) or those claims arising out of or through the unauthorized actions or omissions of the Pledgee.
No Transfer or Hypothecation. Subject to Section 12 hereof, ---------------------------- ---------- Pledgors will not, without the prior written consent of Lender, transfer, assign, dispose of any right, title or interest of Pledgors, or any of them, in the Pledged Interests, or any part thereof, or create directly or indirectly any other security interest or otherwise encumber any of the Pledged Interests, or permit any of the Pledged Interests to ever be or become subject to any warrant, put, option or other rights of third Persons or any attachment, execution, sequestration or other legal or equitable process, or any security interest or encumbrance of any kind, except the Security Interest.
No Transfer or Hypothecation. Pledgors will not, without the prior written consent of Agent, transfer, assign, dispose of any right, title or interest of Pledgors, or any of them, in the Pledged Interests, or any part thereof, or create directly or indirectly any other security interest or otherwise encumber any of the Pledged Interests, or permit any of the Pledged Interests to ever be or become subject to any warrant, put, option or other rights of third Persons or any attachment, execution, sequestration or other legal or equitable process, or any security interest or encumbrance of any kind, except the Security Interest. Pledgor will warrant and defend the Security Interest created hereby against the claims of all third parties other than Pledgees.
