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

Transfers and Other Liens; Additional Shares. (a) Each Grantor agrees that it will not (i) sell, assign or dispose of Collateral except as permitted under the terms of the Credit Agreement, or (ii) create or suffer to exist any Lien upon or with respect to any of the Collateral of such Grantor except for the pledge, assignment and security interest created under this Agreement and Liens permitted under the Credit Agreement.

Appears in 5 contracts

Samples: Canadian Security Agreement (Eastman Kodak Co), Intellectual Property Security Agreement (Eastman Kodak Co), Intercreditor Agreement (Eastman Kodak Co)

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Transfers and Other Liens; Additional Shares. (a) Each The Grantor agrees that it will not shall not, except as otherwise permitted by the Credit Agreement (i) sell, assign (by operation of law or otherwise) or otherwise dispose of Collateral except as permitted under the terms of, or grant any option with respect to, any of the Credit AgreementCollateral, or (ii) create or suffer to exist any Lien upon or with respect to any of the Collateral of such Grantor except for the pledgepledges, assignment assignments and security interest interests created under by this Agreement and Liens permitted under the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Panolam Industries Inc)

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Transfers and Other Liens; Additional Shares. (ax) Each Grantor agrees that it will not (i) sell, assign or otherwise dispose of, or grant any option with respect to, any of Collateral except as the Collateral, other than sales, assignments and other dispositions of Collateral, and options relating to Collateral, permitted under the terms of the Credit Agreement, Agreement or (ii) create or suffer to exist any Lien upon or with respect to any of the Collateral of such Grantor except for the pledge, assignment and security interest created under this Agreement and Liens permitted under the Credit Agreement.

Appears in 1 contract

Samples: Security Agreement (Eastman Kodak Co)

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