Common use of Transfers and Other Restrictions Clause in Contracts

Transfers and Other Restrictions. The Pledgor will not (i) sell, assign (by operation of law or otherwise), exchange or otherwise dispose of any Pledged Collateral except as expressly permitted by Section 7(a) hereof.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Triarc Companies Inc), Pledge and Security Agreement (DWG Acquisition Group L P), Pledge and Security Agreement (DWG Acquisition Group L P)

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Transfers and Other Restrictions. The Pledgor will not (i) sell, assign (by operation of law or otherwise), exchange or otherwise dispose of any Pledged of the Collateral (except as expressly permitted by Section 7(a) hereof); or (ii) create or suffer to exist any (A) Lien upon or with respect to any of the Collateral except the Lien created by this Agreement or (B) contractual restriction on the transferability of any of the Collateral.

Appears in 2 contracts

Samples: Pledge Agreement (Paulson Allen E), Pledge Agreement (Cardiodynamics Holdings LLC)

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