Common use of Sale of Collateral, Etc Clause in Contracts

Sale of Collateral, Etc. Unless this Note is simultaneously prepaid in accordance with its terms or the Holder gives its prior written consents to such transaction, no Maker will, directly or indirectly, (A) sell, assign, transfer, convey or otherwise dispose of, or grant any option with respect to, any of the Collateral (as defined in the Pledge Agreement), except as currently set forth in the Partnership Agreement (as defined in the Pledge Agreement), or (B) create or permit to exist any Lien (as defined in the Pledge Agreement) upon or with respect to any of the Collateral, except for the lien and security agreement created by the Pledge Agreement or (C) do anything or suffer to exist anything, or omit to do anything or suffer to exist any omission which would cause the value of the Collateral to diminish in such a way as to have a material adverse effect on the Holder or on its rights in respect of this Note, the Pledge Agreement or the Collateral, including, without limitation, any dilution of the partnership interests, except as currently set forth in the Partnership Agreement. Notwithstanding the foregoing, the provisions of this Section 6 shall not apply to (I) any transfer of any interest in any Maker to an entity all of the outstanding voting equity interests of which are owned, directly or indirectly, by Westfield Holdings Limited or (II) any transfer of any shares of stock of Westfield Holdings Limited; PROVIDED that the Makers shall give the Holder at least 10 days' prior written notice of any such transfer under clause (i) above and shall execute and deliver to the Holder such documents as the Holder may reasonably request in connection therewith.

Sale of Collateral, Etc. Unless this the Note is simultaneously prepaid in accordance with its terms or the Holder gives its prior written Pledgee consents to such transaction, no Maker Pledgor will, directly or indirectly, (A) sell, assign, transfer, convey or otherwise dispose of, or grant any option with respect to, any of the Collateral (as defined in the Pledge Agreement)Collateral, except as currently set forth in the Partnership Agreement (as defined in the Pledge Agreement), or (B) create or permit to exist any Lien (as defined in the Pledge Agreement) upon or with respect to any of the Collateral, except for the lien and security agreement interest created by the Pledge this Agreement or (C) do anything or suffer to exist anything, or omit to do anything or suffer to exist any omission which would cause the value of the Collateral to diminish in such a way as to have a material adverse effect on the Holder Pledgee or on its rights in respect of this the Note, the Pledge this Agreement or the Collateral, including, including without limitation, limitation any dilution of the partnership interests, except as currently set forth in the Partnership Agreement. Notwithstanding the foregoing, the provisions of this Section 6 6.1.1 shall not apply to (I) any transfer of any interest in any Maker Pledgor to an entity all of the outstanding voting equity interests of which are owned, directly or indirectly, by Westfield Holdings Limited or (II) any transfer of any shares of stock of Westfield Holdings Limited; , PROVIDED that the Makers Pledgors shall give the Holder Pledgee at least 10 days' prior written notice of any such transfer under clause (iI) above and shall execute and deliver to the Holder Pledgee such documents as the Holder Pledgee may reasonably request in connection therewith.