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

Transfers and Other Liens; Additional Shares. (a) The Pledgor will not sell, transfer, convey or otherwise dispose of, grant any option with respect to, or pledge any of the Pledged Collateral (except in a transaction permitted by Section 3.12) at any time, nor create or permit to exist any Lien upon or with respect to any of the Pledged Collateral, other than the Lien created pursuant to this Agreement.

Appears in 2 contracts

Samples: Stock Pledge Agreement (New England Electric System), Stock Pledge Agreement (New England Electric System)

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Transfers and Other Liens; Additional Shares. (a) The Each Pledgor agrees that it will not (i) sell, transfer, convey assign or otherwise dispose of, grant any option with respect to, or pledge of any of the Pledged Collateral Collateral, other than sales, assignments and other dispositions of Collateral, and options relating to Collateral, not prohibited under the terms of the Loan Documents, or (except in a transaction permitted by Section 3.12ii) at any time, nor create or permit suffer to exist any Lien upon or with respect to any of the Pledged CollateralCollateral of such Pledgor except for the pledge, other than the Lien assignment and security interest created pursuant to under this AgreementAgreement or Permitted Liens.

Appears in 2 contracts

Samples: Pledge Agreement (Chemtura CORP), Pledge Agreement (Chemtura CORP)

Transfers and Other Liens; Additional Shares. (a) The Pledgor will not -------------------------------------------- Pledgors shall not: (i) sell, transferassign (by agreement, convey operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, or pledge any of the Pledged Collateral Collateral, except for transfers not prohibited by the Credit Agreement or (except in a transaction permitted by Section 3.12ii) at any time, nor create or permit to exist any Lien upon or with respect to any of the Pledged Collateral, except for the Permitted Liens and other than Liens not prohibited by the Lien created pursuant to this Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Encompass Services Corp)

Transfers and Other Liens; Additional Shares. (a) The Pledgor will agrees not (i) to sell, transfer, convey assign (by operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, or pledge any of the Pledged Collateral or (except in a transaction permitted by Section 3.12ii) at any time, nor to create or permit suffer to exist any Lien upon or with respect to any of the Pledged Collateral, other than except for the Lien pledge, assignment and security interest created pursuant to by this Agreement.

Appears in 1 contract

Samples: Holdings Pledge Agreement (Fitness Holdings Inc)

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Transfers and Other Liens; Additional Shares. (a) The Each Pledgor agrees that it will not (i) sell, transfer, convey assign or otherwise dispose of, or grant any option with respect to, or pledge any of the Pledged Collateral Collateral, other than sales, assignments and other dispositions of Collateral, and options relating to Collateral, permitted under the terms of the Credit Agreement, or (except in a transaction permitted by Section 3.12ii) at any time, nor create or permit suffer to exist any Lien upon or with respect to any of the Pledged CollateralCollateral of such Pledgor except for the pledge, other than the Lien assignment and security interest created pursuant to under this AgreementAgreement and Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Cracker Barrel Old Country Store, Inc)

Transfers and Other Liens; Additional Shares. (a) The 7.1 Except as may be permitted by the Reimbursement Agreement, the Pledgor agrees that it will not (i) sell, transfer, convey assign (by operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, or pledge any of the Pledged Collateral Collateral, or (except in a transaction permitted by Section 3.12ii) at any time, nor create or permit to exist any Lien Lien, upon or with respect to any of the Pledged Collateral, other than the Lien created pursuant to this Agreement.

Appears in 1 contract

Samples: Pledge Agreement (RTW Inc /Mn/)

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