Common use of Transfer, Other Liens, and Additional Shares Clause in Contracts

Transfer, Other Liens, and Additional Shares. Pledgor agrees that it will not (i) sell or otherwise dispose of, or grant any option with respect to, any of the Pledged Collateral or (ii) create or permit to exist any Lien upon or with respect to any of the Pledged Collateral, except for (A) the Liens and security interest under this Pledge Agreement and (B) other Permitted Liens. Pledgor agrees that it will (1) cause each issuer of the Pledged Collateral not to issue any other membership interests, partnership interests, capital stock or other securities in addition to or in substitution for the Pledged Collateral issued by such issuer, except to Pledgor and (2) pledge hereunder, immediately upon its acquisition (directly or indirectly) thereof, any additional membership interests, partnership interests, capital stock or other securities of an issuer of the Pledged

Appears in 1 contract

Samples: Credit Agreement (Brigham Exploration Co)

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Transfer, Other Liens, and Additional Shares. The Pledgor agrees that it will not (ia) sell sell, assign, or otherwise dispose of, or grant any option with respect to, any of the Pledged Collateral or (iib) create or permit to exist any Lien upon or with respect to any of the Pledged Collateral, except for (A) the Liens and security interest under this Pledge Agreement and (B) other Permitted Prior Liens. The Pledgor agrees that it will (1a) cause each issuer of the Pledged Collateral not to issue any other membership interestscapital stock, partnership interests, capital stock or membership interests or other equity securities in addition to or in substitution for the Pledged Collateral issued by such issuer, except to Pledgor the Pledgor, and (2b) pledge hereunderto the Secured Party in accordance with this Pledge Agreement, immediately upon its acquisition (directly or indirectly) thereof, any additional membership interests, partnership interests, shares of capital stock or other equity securities of an issuer of the PledgedPledged Shares.

Appears in 1 contract

Samples: Credit Agreement (Global Industries LTD)

Transfer, Other Liens, and Additional Shares. The Pledgor agrees that it will not (ia) sell sell, assign, or otherwise dispose of, or grant any option with respect to, any of the Pledged Collateral or (iib) create or permit to exist any Lien upon or with respect to any of the Pledged Collateral, except for (A) the Liens and security interest under this Pledge Agreement and (B) other Permitted LiensLiens permitted by the Credit Agreement. The Pledgor agrees that it will (1a) cause each issuer of the Pledged Collateral not to issue any other membership interestscapital stock, partnership interests, capital stock or membership interests or other equity securities in addition to or in substitution for the Pledged Collateral issued by such issuer, except to Pledgor the Pledgor, and (2b) pledge hereunderto the Secured Party in accordance with this Pledge Agreement, immediately upon its acquisition (directly or indirectly) thereof, any additional membership interests, partnership interests, shares of capital stock or other equity securities of an issuer of the PledgedPledged Shares.

Appears in 1 contract

Samples: Credit Agreement (Global Industries LTD)

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Transfer, Other Liens, and Additional Shares. The Pledgor agrees that it will not (ia) sell sell, assign or otherwise dispose of, or grant any option with respect to, any of the Pledged Collateral or (iib) create or permit to exist any Lien upon or with respect to any of the Pledged Collateral, except for (A) the Liens and security interest under this Pledge Agreement and (B) other Permitted LiensLiens permitted by the Note Purchase Agreement. The Pledgor agrees that it will (1a) cause each issuer of the Pledged Collateral Shares not to issue any other membership interests, partnership interests, capital stock or other equity securities in addition to or in substitution for the Pledged Collateral Shares issued by such issuer, except to the Pledgor and (2b) pledge hereunder, immediately upon its acquisition (directly or indirectly) thereof, any additional membership interests, partnership interests, capital stock or other securities of an issuer of the Pledgedits

Appears in 1 contract

Samples: Pledge Agreement (Probex Corp)

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