Common use of Restrictions on Transfer, Etc Clause in Contracts

Restrictions on Transfer, Etc. To the extent that any restrictions imposed by the charter or by-laws of the Issuer or any other document or instrument would in any way affect or impair the pledge of the Pledged Collateral hereunder or the exercise by the Collateral Agent of any right granted hereunder, including, without limitation, the right of the Collateral Agent to dispose of the Pledged Collateral upon the occurrence and during the continuance of any Event of Default, the Pledgor hereby waives such restrictions, and represents and warrants that it has caused the Issuer to take all necessary action to waive such restrictions, and the Pledgor hereby agrees that it will take any further action which the Collateral Agent may reasonably request in order that the Collateral Agent may obtain and enjoy the full rights and benefits granted to the Collateral Agent by this Agreement free of any such restrictions.

Appears in 2 contracts

Samples: Guaranty and Pledge Agreement, Nonrecourse Guaranty and Pledge Agreement (Affinity Guest Services, LLC)

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Restrictions on Transfer, Etc. To the extent that any restrictions restriction imposed by the charter or by-laws memorandum and articles of association of the Issuer Companies or any other document or instrument would in any way affect or impair the pledge of the Pledged Collateral hereunder or the exercise by the Collateral Agent of any right granted hereunder, including, without limitation, the right of the Collateral Agent to dispose of the Pledged Collateral upon the occurrence and during the continuance of any Event of Default, the Pledgor hereby waives such restrictions, and represents and warrants that it has caused the Issuer Companies to take all necessary action to waive such restrictions, and the Pledgor hereby agrees that it will take any further action which the Collateral Agent may reasonably request in order that the Collateral Agent may obtain and enjoy the full rights and benefits granted to the Collateral Agent by this Pledge Agreement free of any such restrictions.

Appears in 1 contract

Samples: Pledge Agreement (Act Manufacturing Inc)

Restrictions on Transfer, Etc. To the extent that any restrictions imposed by the charter or by-laws of the Issuer Borrower or any other document or instrument would in any way affect or impair the pledge of the Pledged Collateral hereunder or the exercise by the Collateral Administrative Agent of any right granted hereunder, including, without limitation, the right of the Collateral Administrative Agent to dispose of the Pledged Collateral upon the occurrence and during the continuance of any Event of Default, the Pledgor hereby waives such restrictions, and represents and warrants that it has caused the Issuer Borrower to take all necessary action to waive such restrictions, and the Pledgor hereby agrees that it will take any further action which the Collateral Administrative Agent may reasonably request in order that the Collateral Administrative Agent may obtain and enjoy the full rights and benefits granted to the Collateral Administrative Agent by this Agreement free of any such restrictions.

Appears in 1 contract

Samples: Credit Agreement (Affinity Group Holding Inc)

Restrictions on Transfer, Etc. To the extent that any restrictions restriction imposed by the charter or by-laws of the Issuer Companies or any other document or instrument would in any way affect or impair the pledge of the Pledged Collateral hereunder or the exercise by the Collateral Agent of any right granted hereunder, including, without limitation, the right of the Collateral Agent to dispose of the Pledged Collateral upon the occurrence and during the continuance of any Event of Default, the each Pledgor hereby waives such restrictions, and represents and warrants that it has caused the Issuer Companies to take all necessary action to waive such restrictions, and the each Pledgor hereby agrees that it will take any further action which the Collateral Agent may reasonably request in order that the Collateral Agent may obtain and enjoy the full rights and benefits granted to the Collateral Agent by this Pledge Agreement free of any such restrictions.

Appears in 1 contract

Samples: Pledge Agreement (Act Manufacturing Inc)

Restrictions on Transfer, Etc. To the extent that any restrictions imposed by the charter or by-laws operating agreement of the Pledged Issuer or any other document or instrument would in any way affect or impair the security interest in and assignment and the pledge of the Pledged Collateral hereunder or the exercise by the Collateral Agent of any right granted hereunder, including, without limitation, the right of the Collateral Agent to dispose of the Pledged Collateral upon the occurrence and during the continuance of any an Event of Default, the Pledgor hereby waives such restrictions, and represents and warrants that it has caused the Issuer to take taken all necessary action to waive such restrictions, and the Pledgor hereby agrees that it will take any further action which the Collateral Agent may reasonably request in order that the Collateral Agent may obtain and enjoy the full rights and benefits granted to the Collateral Agent by this Agreement free of any such restrictions. The Pledgor further waives any and all requirements of notice and any formalities under the organizational documents of the Pledged Issuer in connection with entering into this Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Workhorse Group Inc.)

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Restrictions on Transfer, Etc. To the extent that any restrictions ----------------------------- imposed by the charter or by-laws respective Governing Documents of the Issuer Pledged Stock Issuers or any other document or instrument would in any way affect or impair the pledge of the Pledged Collateral hereunder or the exercise by the Collateral Agent of any right granted hereunder, including, without limitation, the right of the Collateral Agent to dispose of the Pledged Collateral upon the occurrence and during the continuance of any Event of Default, the Pledgor hereby waives such restrictions, and represents and warrants that it has caused the Issuer Pledged Stock Issuers to take all necessary action to waive such restrictions, and the Pledgor hereby agrees that it will take any further action which the Collateral Agent may reasonably request in order that the Collateral Agent may obtain and enjoy the full rights and benefits granted to the Collateral Agent by this Agreement free of any such restrictions.

Appears in 1 contract

Samples: Pledge Agreement (Hologic Inc)

Restrictions on Transfer, Etc. To the extent that any restrictions restriction ----------------------------- imposed by the charter or by-laws of the Issuer Companies or any other document or instrument would in any way affect or impair the pledge of the Pledged Collateral hereunder or the exercise by the Collateral Agent of any right granted hereunder, including, without limitation, the right of the Collateral Agent to dispose of the Pledged Collateral upon the occurrence and during the continuance of any Event of Default, the Pledgor hereby waives such restrictions, and represents and warrants that it has caused the Issuer Companies to take all necessary action to waive such restrictions, and the Pledgor hereby agrees that it will take any further action which the Collateral Agent may reasonably request in order that the Collateral Agent may obtain and enjoy the full rights and benefits granted to the Collateral Agent by this Pledge Agreement free of any such restrictions.

Appears in 1 contract

Samples: Pledge Agreement (Act Manufacturing Inc)

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