Common use of Transfers and Other Liens; Additional Investments Clause in Contracts

Transfers and Other Liens; Additional Investments. Except as provided otherwise by the Credit Agreement or this Agreement, Debtor agrees that it will (a) cause each issuer of any of the Pledged Collateral not to issue any Capital Stock, notes, or other securities or instruments in addition to or in substitution for any of the Pledged Collateral, (b) pledge hereunder, immediately upon its acquisition thereof, any and all such Capital Stock, notes, or other securities or instruments, and (c) promptly (and in any event within three (3) Business Days) deliver to Secured Party an Amendment, duly executed by Debtor, in respect of such Capital Stock, notes, or other securities or instruments, together with all certificates, notes, or other securities or instruments representing or evidencing the same. Debtor hereby (i) authorizes Secured Party to attach each Amendment to this Agreement, and (ii) agrees that all such Capital Stock, notes, or other securities or instruments listed on any Amendment delivered to Secured Party shall for all purposes hereunder constitute Pledged Collateral.

Appears in 3 contracts

Samples: Pledge and Security Agreement (First Investors Financial Services Group Inc), Pledge and Security Agreement (First Investors Financial Services Group Inc), Pledge and Security Agreement (First Investors Financial Services Group Inc)

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Transfers and Other Liens; Additional Investments. Except as provided otherwise by the Credit Agreement or this Agreement, Debtor agrees that it will (ai) cause each issuer of any of the Pledged Collateral not to issue any Capital Stock, notes, or other securities or instruments in addition to or in substitution for any of the Pledged Collateral, (bii) pledge hereunder, immediately upon its acquisition thereof, any and all such Capital Stock, notes, or other securities or instruments, and (ciii) promptly (and in any event within three (3) Business Days) deliver to Secured Party an Amendment, duly executed by Debtor, in respect of such Capital Stock, notes, or other securities or instruments, together with all certificates, notes, or other securities or instruments representing or evidencing the same. Debtor hereby (i) authorizes Secured Party to attach each Amendment to this Agreement, and (ii) agrees that all such Capital Stock, notes, or other securities or instruments listed on any Amendment delivered to Secured Party shall for all purposes hereunder constitute Pledged Collateral.

Appears in 2 contracts

Samples: Credit Agreement (Peregrine Systems Inc), Pledge and Security Agreement (First Investors Financial Services Group Inc)

Transfers and Other Liens; Additional Investments. Except as provided otherwise may be expressly permitted by the terms of the Credit Agreement or this Agreement, each Debtor agrees that it will (ai) cause each issuer of any of the Pledged Collateral not to issue any Capital Stockshares of stock, notes, notes or other securities or instruments in addition to or in substitution for any of the Pledged Collateral, (bii) pledge hereunder, immediately upon its acquisition (directly or indirectly) thereof, any and all such Capital Stockshares of stock, notesmembership interests, or other securities notes or instruments, and (ciii) promptly (and in any event within three (3) Business Days) deliver to the Secured Party an Amendment, duly executed by Debtor, in substantially the form of Exhibit A hereto (an "Amendment"), in respect of such Capital Stockshares of stock, notesmembership interests, or other securities notes or instruments, together with all certificates, notes, notes or other securities or instruments representing or evidencing the same. Each Debtor hereby (i) authorizes the Secured Party to attach each Amendment to this Agreement, and (ii) agrees that all such Capital Stockshares of stock, notesmembership interests, or other securities notes or instruments listed on any Amendment delivered to the Secured Party shall for all purposes hereunder constitute Pledged CollateralShares.

Appears in 1 contract

Samples: Master Pledge Agreement (Fyi Inc)

Transfers and Other Liens; Additional Investments. Except as provided otherwise may be expressly permitted by the terms of the Credit Agreement or this Agreement, Debtor agrees that it will (ai) cause each issuer of any of the Pledged Collateral not to issue any Capital Stockshares of stock, notes, notes or other securities or instruments in addition to or in substitution for any of the Pledged Collateral, (bii) pledge hereunder, immediately upon its acquisition (directly or indirectly) thereof, any and all such Capital Stockshares of stock, notesmembership interests, or other securities notes or instruments, and (ciii) promptly (and in any event within three (3) Business Days) deliver to the Secured Party an Amendment, duly executed by Debtor, in substantially the form of Exhibit A hereto (an "Amendment"), in respect of such Capital Stockshares of stock, notesmembership interests, or other securities notes or instruments, together with all certificates, notes, notes or other securities or instruments representing or evidencing the same. Debtor hereby (i) authorizes the Secured Party to attach each Amendment to this Agreement, and (ii) agrees that all such Capital Stockshares of stock, notesmembership interests, or other securities notes or instruments listed on any Amendment delivered to the Secured Party shall for all purposes hereunder constitute Pledged CollateralShares.

Appears in 1 contract

Samples: Pledge Agreement (Fyi Inc)

Transfers and Other Liens; Additional Investments. Except as provided otherwise is not prohibited by the terms of the Credit Agreement or this Agreement, Debtor it agrees that it will (ai) cause each issuer of any of the Pledged Collateral not to issue any Capital Stockshares of stock, notes, notes or other securities or instruments in addition to or in substitution for any of the Pledged Collateral, (bii) pledge hereunder, immediately upon its acquisition thereof, any and all such Capital Stockshares of stock, notesmembership interests, or other securities notes or instruments, and (ciii) promptly promptly, (and in any event within three (3) 3 Business Days) deliver to the Secured Party an Amendmentamendment hereto, duly executed by Debtorit, in substantially the form of Exhibit A hereto (an "Amendment"), in respect of such Capital Stockshares of stock, notesmembership interests, or other securities notes or instruments, together with all certificates, notes, notes or other securities or instruments representing or evidencing the same. Each Debtor hereby (i) authorizes the Secured Party to attach each Amendment to this Agreement, and (ii) agrees that all such Capital Stockshares of stock, notesmembership interests, or other securities notes or instruments listed on any Amendment delivered to the Secured Party shall for all purposes hereunder constitute Pledged Collateral.

Appears in 1 contract

Samples: Security Agreement (Tufco Technologies Inc)

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Transfers and Other Liens; Additional Investments. Except as provided otherwise is not prohibited by the terms of the Credit Agreement or this Agreement, the Debtor agrees that it will (ai) cause each issuer of any of the Pledged Collateral not to issue any Capital Stockshares of stock, notes, notes or other securities or instruments in addition to or in substitution for any of the Pledged Collateral, (bii) pledge hereunder, immediately upon its acquisition thereof, any and all such Capital Stockshares of stock, notesmembership interests, or other securities notes or instruments, and (ciii) promptly promptly, (and in any event within three (3) 3 Business Days) deliver to the Secured Party an Amendmentamendment hereto, duly executed by the Debtor, in substantially the form of Exhibit A hereto (an "Amendment"), in respect of such Capital Stockshares of stock, notesmembership interests, or other securities notes or instruments, together with all certificates, notes, notes or other securities or instruments representing or evidencing the same. The Debtor hereby (i) authorizes the Secured Party to attach each Amendment to this Agreement, and (ii) agrees that all such Capital Stockshares of stock, notesmembership interests, or other securities notes or instruments listed on any Amendment delivered to the Secured Party shall for all purposes hereunder constitute Pledged Collateral.

Appears in 1 contract

Samples: Security Agreement (Tufco Technologies Inc)

Transfers and Other Liens; Additional Investments. Except ------------------------------------------------- as provided otherwise by the Credit Agreement or this Agreement, Debtor agrees that it will (ai) cause each issuer of any of the Pledged Collateral not to issue any Capital Stock, notes, or other securities or instruments in addition to or in substitution for any of the Pledged Collateral, (bii) pledge hereunder, immediately upon its acquisition thereof, any and all such Capital Stock, notes, or other securities or instruments, and (ciii) promptly (and in any event within three (3) Business Days) deliver to Secured Party an Amendment, duly executed by Debtor, in respect of such Capital Stock, notes, or other securities or instruments, together with all certificates, notes, or other securities or instruments representing or evidencing the same. Debtor hereby (i) authorizes Secured Party to attach each Amendment to this Agreement, and (ii) agrees that all such Capital Stock, notes, or other securities or instruments listed on any Amendment delivered to Secured Party shall for all purposes hereunder constitute Pledged Collateral.

Appears in 1 contract

Samples: Pledge and Security Agreement (Renaissance Worldwide Inc)

Transfers and Other Liens; Additional Investments. Except as ------------------------------------------------- provided otherwise by the Credit Agreement or this Agreement, Debtor agrees that it will (ai) cause each issuer of any of the Pledged Collateral not to issue any Capital Stock, notes, or other securities or instruments in addition to or in substitution for any of the Pledged Collateral, (bii) pledge hereunder, immediately upon its acquisition thereof, any and all such Capital Stock, notes, or other securities or instruments, and (ciii) promptly (and in any event within three (3) Business Days) deliver to Secured Party an Amendment, duly executed by Debtor, in respect of such Capital Stock, notes, or other securities or instruments, together with all certificates, notes, or other securities or instruments representing or evidencing the same. Debtor hereby (i) authorizes Secured Party to attach each Amendment to this Agreement, and (ii) agrees that all such Capital Stock, notes, or other securities or instruments listed on any Amendment delivered to Secured Party shall for all purposes hereunder constitute Pledged Collateral.

Appears in 1 contract

Samples: Pledge and Security Agreement (Renaissance Worldwide Inc)

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