Transfers and Liens. Executive will not (i) grant any option with respect to any of the Pledged Collateral, or (ii) create or permit to exist any lien, security interest, or other charge or encumbrance upon or with respect to any of the Pledged Collateral.
Transfers and Liens. Xxxxxxx agrees that he will not (i) sell or otherwise ------------------- dispose of, or grant any option with respect to, any of the Pledged Collateral without the prior written consent of the Company; or (ii) voluntarily create any lien upon or with respect to any of the Pledged Collateral, except for the security interest under this Agreement.
Transfers and Liens. Except in connection with the Libertyville Loans, sell, transfer, mortgage, assign, pledge, lease, grant a Security Interest in, or create, suffer or permit any encumbrance of, any of Borrower's assets (other than the sale of inventory by Borrower in the ordinary course of business).
Transfers and Liens. 2.6.1 Infineum, and any permitted successor hereunder (for the purpose of this Article 2.6: “Infineum Owner”), may transfer all but not part of its interest in the Facilities to its respective Affiliate without the consent of Shell Owner. Any other proposed sale, lease or other conveyance or transfer of all or any part of Infineum Owner’s interest in the Facilities shall require the prior written approval of Shell Owner, which approval shall not be withheld, unless the proposed transferee is not sufficiently financially sound to perform its obligations under this Agreement, or the proposed transferee does not possess the minimum technical ability to perform this Agreement; provided, however, if the proposed transfer is for less than all of the interest of Infineum Owner in the Facilities, then such consent may be withheld in Shell Owner’s sole discretion. At the request of Infineum Owner at any time, Shell Owner will agree to be reasonable in negotiating “qualified transferee” criteria for automatic approval of transferees of Infineum Owner meeting specified standards.
Transfers and Liens. 7. (a) Chargor agrees that it will not, except as expressly permitted in the Transaction Documents,
Transfers and Liens. (a) Except as provided in this Article IV, no Party may Transfer any or all of its Securities to, or create or permit any Lien on any Securities in favor of, any Person.
Transfers and Liens. Except as permitted by the Loan Agreement or hereunder, Pledgor will not (1) sell or otherwise dispose of, or grant any option with respect to, any of the Pledged Securities, or (2) create or permit to exist any lien, security interest, or other charge or encumbrance upon or with respect to any of the Pledged Securities.
Transfers and Liens. Subject to this Section 3, TeamCo may, from time to time, make a Transfer or xxxxx x Xxxx; provided, however, that any such Transfer or grant of a Lien shall be (A) conditioned on the Person who acquires the Team or holds any Lien being approved by the NBA in accordance with the NBA Rules as an owner of the Team or the holder of a Lien and (B) made or granted subject to the requirements and obligations of TeamCo under this Agreement, including compliance in all respects with the Non‐Relocation Covenants, so that any Person who acquires the Team (including, if applicable, the NBA), either pursuant to any such Transfer or pursuant to any foreclosure or other action against any such Lien, shall acquire and take the Team therein subject to all of the Non‐Relocation Covenants and the other terms of this Agreement. Such Person shall thereafter be deemed to be "TeamCo" for purposes of this Agreement. No Transfer (including, if applicable, to the NBA) shall change, limit, release, or otherwise effect the obligations of TeamCo under this Agreement. Any Transfer made or Lien granted contrary to this Section 3 is void.
Transfers and Liens. (a) Except as provided in this Article IV, no Party may Transfer any or all of its Securities to, or create or permit any Lien on any Securities in favor of, any Person. (b) Notwithstanding Section 4.04, a Shareholder may Transfer any or all of its Securities to a Permitted Transferee at any time without compliance with Sections 4.05, 4.06 or 4.07; provided, that such -------- Permitted Transferee executes an Endorsement, in accordance with Section 4.09 hereof, at the time of such Transfer. (c) Notwithstanding anything to the contrary contained herein, no Party may Transfer (or permit the Transfer of) any Securities to, or create or permit a Lien upon any Securities in favor of, any Person (including, without limitation, any Permitted Transferee) who is a Direct Competitor. (d) Notwithstanding Section 4.04, Eco Telecom (or any Controlled Affiliate of Eco Telecom) may Transfer any or all of its Securities to Telenor or a Controlled Affiliate of Telenor ASA in accordance with the terms of the Option Agreement at any time without compliance with Sections 4.05, 4.06 or 4.07; provided, that Telenor (or any such -------- Controlled Affiliate of Telenor ASA) executes an Endorsement in accordance with Section 4.09 hereof. (e) Until the earlier to occur of the second anniversary of the First Closing or an Eco Telecom Contribution Default, VIP shall not Transfer to any Person other than a Permitted Transferee any Voting Securities which it now owns or which it hereafter acquires. (f) Notwithstanding anything to the contrary contained herein, Eco Telecom shall not Transfer (including any Transfer pursuant to any co- sale rights under this Article IV), or permit the Transfer of, any shares of Preferred Stock to, or create or permit a Lien upon any shares of Preferred Stock in favor of, any Person, except that any Transfer required by Eco Telecom pursuant to the terms of the Preferred Stock Purchase Agreement or the Primary Agreement shall be expressly permitted hereunder and shall be an express obligation of Eco Telecom hereunder. 4.03
Transfers and Liens. Sell, transfer, mortgage, assign, pledge, lease, grant a Security Interest in, or create, suffer or permit any encumbrance of any of Borrower's or any of its Subsidiaries' assets (other than Security Interests securing Permitted Indebtedness as approved by DIP Lender).
