Common use of Additional Covenants of the Pledgor Clause in Contracts

Additional Covenants of the Pledgor. 5.1. The Pledgor covenants and agrees to defend the right, title and security interest of the Administrative Agent and the Lenders in and to the Pledged Securities and the proceeds thereof, and to maintain and preserve the Lien provided for by this Agreement against the claim and demands of all Persons, so long as this Agreement shall remain in effect. 5.2. Except as expressly permitted by the Credit Agreement, the Pledgor covenants and agrees not to sell, assign, transfer, exchange or otherwise dispose of, or grant any option with respect to, or create, incur or permit to exist any Lien, option or any other encumbrance with respect to any of the Pledged Securities, or any interest therein, or any proceeds thereof, except for the lien and Lien provided for by this Agreement and any security agreement securing only the Administrative Agent and the Lenders. 5.3. The Pledgor covenants and agrees (a) to cooperate, in good faith, with the Administrative Agent and the Lenders and to do or cause to be done all such other acts as may be necessary to enforce the rights of the Administrative Agent and the Lenders under this Agreement, (b) not to take any action, or to fail to take any action that would be adverse to the interest of the Administrative Agent and the Lenders in the Collateral and hereunder, and (c) to make any sale or sales of any portion or all of the Pledged Securities valid and binding and in compliance with any and all applicable laws, regulations, orders, writs, injunctions, decrees or awards of any and all courts, arbitrators or governmental instrumentalities, domestic or foreign, having jurisdiction over any such sale or sales at the Pledgor’s expense.

Additional Covenants of the Pledgor. 5.1. The Pledgor covenants and agrees to defend the right, title and security interest of the Administrative Agent and the Lenders in and to the Pledged Securities and the proceeds thereof, and to maintain and preserve the Lien lien and security interest provided for by this Agreement against the claim and demands of all Persons, so long as this Agreement shall remain in effect. 5.2. Except as expressly permitted by the Credit Agreement, the Pledgor covenants and agrees not to sell, assign, transfer, exchange or otherwise dispose of, or grant any option with respect to, or create, incur or permit to exist any Lienpledge, lien, mortgage, hypothecation, security interest, charge, option or any other encumbrance with respect to any of the Pledged Securities, or any interest therein, or any proceeds thereof, except for the lien and Lien security interest provided for by this Agreement and any security agreement securing only the Administrative Agent and the Lenders. 5.3. The Pledgor covenants and agrees (a) to cooperate, in good faith, with the Administrative Agent and the Lenders and to do or cause to be done all such other acts as may be necessary to enforce the rights of the Administrative Agent and the Lenders under this Agreement, (b) not to take any action, or to fail to take any action that would be adverse to the interest of the Administrative Agent and the Lenders in the Collateral and hereunder, and (c) to make any sale or sales of any portion or all of the Pledged Securities valid and binding and in compliance with any and all applicable laws, regulations, orders, writs, injunctions, decrees or awards of any and all courts, arbitrators or governmental instrumentalities, domestic or foreign, having jurisdiction over any such sale or sales at the Pledgor’s expense.