Covenants of Maker. Until such time as all of Maker’s obligations under this Note and Pledge have been paid in full, 4Front covenants and agrees that it will not: (a) create, incur, assume or suffer to exist any indebtedness secured by the Pledged Interest (as defined below); (b) create, incur, assume or suffer to exist any Encumbrances on the Pledged Interest (except for Permitted Encumbrances); (c) sell, transfer or otherwise dispose of the Pledged Interest (except for transfers to wholly owned subsidiaries of 4Front); or (d) enter into any contract or arrangement expressly prohibiting or limiting Maker’s ability to pay its obligations under this Note and Pledge in accordance with the terms hereof.
Appears in 4 contracts
Samples: Promissory Note and Pledge Agreement (4Front Ventures Corp.), Membership Interest Purchase Agreement (4Front Ventures Corp.), Membership Interest Purchase Agreement
