Covenants with Respect to Collateral. The Pledgor agrees with the Secured Party with respect to the Collateral as follows:
(a) The Pledgor has previously transferred, or contemporaneous with the execution of this Pledge Agreement, hereby transfers the Pledged Securities to the Secured Party, for the benefit of the Lenders, with proper instruments of assignment duly executed. The Pledgor covenants that it will cause any additional securities issued to or received by the Pledgor with respect to any of the Collateral, whether for value paid by the Pledgor or otherwise, to be forthwith deposited and pledged hereunder, in each case accompanied by proper instruments of assignment duly executed in blank by the Pledgor.
(b) From and after the date hereof, except as permitted under the Credit Agreement, the Pledgor (i) shall not and shall not attempt to encumber, subject to any further pledge or security interest, sell, transfer or otherwise dispose of any of the Collateral or any interest therein; (ii) shall not permit or suffer any of the Collateral to be attached or levied upon or seized in any legal proceedings, or held by virtue of any lien or distress; and (iii) shall pay promptly all taxes and assessments upon any of the Collateral.
(c) the Pledgor hereby covenants that it will at all times from and after the date hereof, maintain at least 66% of the issued and outstanding Capital Stock of Addison as Collateral for the Secured Party under this Pledge Agreement.
(d) the Pledgor hereby covenants that it will at all times from and after the date hereof, maintain 100% of the issued and outstanding Capital Stock of each Issuer (except Addison) as Collateral for the Secured Party under this Pledge Agreement.
Covenants with Respect to Collateral. The Pledgor agrees with Secured Party with respect to the Collateral as follows:
(a) Pledgor hereby transfers the Pledged Securities to Secured Party with proper instruments of assignment duly executed. The Pledgor covenants that it will cause any additional securities issued to or received by the Pledgor with respect to any of the Collateral, whether for value paid by the Pledgor or otherwise, to be forthwith deposited and pledged hereunder, in each case accompanied by proper instruments of assignment duly executed in blank by Pledgor.
(b) From and after the date hereof, Pledgor (i) shall not and shall not attempt to encumber, subject to any further pledge or security interest, sell, transfer or otherwise dispose of any of the Collateral or any interest therein; (ii) shall not permit or suffer any of the Collateral to be attached or levied upon or seized in any legal proceedings, or held by virtue of any lien or distress; and (iii) shall pay promptly all taxes and assessments upon any of the Collateral.
Covenants with Respect to Collateral. The Pledgor hereby covenants and agrees with respect to the Pledged Collateral as follows:
(A) The Pledgor will cause any additional securities issued by MCTC or property issued by MCTC with respect to the Pledged Collateral, whether for value paid by the Pledgor or otherwise, to be forthwith deposited and pledged hereunder and delivered to CoBank, in each case accompanied by proper instruments of assignment duly executed; and
(B) The Pledgor will defend its title to the Pledged Collateral against the claims of all persons whomsoever.
Covenants with Respect to Collateral. The Pledgor hereby covenants and agrees with respect to the Pledged Collateral as follows:
(A) The Pledgor will cause any additional securities issued by any of the Borrowers or property issued by any of the Borrowers with respect to the Pledged Collateral, whether for value paid by the Pledgor or otherwise, to be forthwith deposited and pledged hereunder and delivered to CoBank, in each case accompanied by proper instruments of assignment duly executed; and
(B) The Pledgor will defend its title to the Pledged Collateral against the claims of all persons whomsoever. Pledge Agreement/Knology, Inc. Loan No. ML0883T1
Covenants with Respect to Collateral. The Pledgor hereby covenants and agrees with respect to the Pledged Collateral as follows:
(A) The Pledgor will cause any additional securities issued by any of the Issuer or property issued by the Issuer in each case with respect to the Pledged Collateral, whether for value paid by the Pledgor or otherwise, to be forthwith deposited and pledged hereunder and delivered to the Lenders in accordance with the Intercreditor Agreement, in each case accompanied by proper instruments of assignment duly executed;
(B) The Pledgor will defend its title to the Pledged Collateral against the claims of all persons whomsoever;
(C) The Pledgor will not permit any lien, claim, charge, security interest or encumbrance to exist with respect to any Pledged Collateral, except (1) those of the Lenders, (2) as provided for in connection with the Repurchase Right, and (3) as permitted by the BLA; and
(D) The Pledgor will not sell, exchange, hypothecate, pledge, assign, convey, mortgage or abandon any Pledged Collateral to any Person without the prior written consent of Dacotah, except as permitted pursuant to the BLA.
Covenants with Respect to Collateral. Pledgor hereby covenants and agrees with respect to the Collateral as follows:
(A) Pledgor will cause any additional Membership Interests issued to Pledgor by any Pledged Entity or property issued by any Pledged Entity with respect to the Collateral, whether for value paid by Pledgor or otherwise, to be forthwith deposited and pledged hereunder and delivered to Secured Party, free and clear of all liens, charges, encumbrances and security interests of every kind and nature, and in each case accompanied by proper instruments of assignment duly executed.
(B) Pledgor will defend its title to, and the interest of the Secured Party in the Collateral against the claims of all Persons whomsoever.
(C) Without the prior written consent of Secured Party, Pledgor will not sell, assign, transfer or otherwise dispose of, grant any option with respect to, or pledge or grant any security interest in or otherwise encumber or restrict any of the Collateral or any interest therein, except for the pledge thereof, and security interest therein, provided for in this Pledge Agreement.
Covenants with Respect to Collateral. Until all obligations of the Borrower hereunder and under the Notes are paid and performed in full, Borrower shall furnish or cause to be furnished to Lender, from time to time, and such schedules, certificates and reports with respect to all or any of the Collateral then subject to the security interests of Lender hereunder, and under the Collateral Documents (including, without limitation, schedules identifying all Collateral), all such schedules, certificates and reports, to be executed by Borrower and to be in such form and detail as Lender may from time to time specify.
Covenants with Respect to Collateral. Pledgor covenants and agrees with Lender with respect to the Collateral as follows:
A. Pledgor shall pay all taxes, assessments and charges levied, assessed or imposed upon the Collateral before the same become delinquent or become liens upon any of the Collateral. Pledgor shall keep the Collateral free from all interests and liens other than Pledgor's and Lender's, and not allow the Collateral to become attached or levied upon or seized in connection with any legal proceedings.
B. Pledgor shall perform all acts and do all things which Lender may request to evidence, preserve, perfect, or enforce Lender's security interest in the Collateral. Pledgor shall defend Pledgor's title to the Collateral and Lender's security interest therein against any claims.
C. Until Lender releases its security interest in the Collateral, Pledgor shall not transfer to anyone other than Lender any interest in the Collateral; provided that, at any time prior to a default in the Secured Obligations, Pledgor may sell the Collateral at fair market value and Lender will release its security interest in the Collateral if Lender receives all proceeds of sale, net of any customary sales commissions. Upon receipt of the proceeds, Lender shall apply the proceeds to the Secured Obligations.
D. In the event that Pledgor fails or refuses to perform the Secured Obligations, Lender shall have the right, without obligation, to do all things it deems necessary or advisable to enforce the Secured Obligations, and Pledgor shall reimburse Lender for all amounts incurred by Lender in furtherance thereof including without limitation, attorneys' fees. Until Lender is reimbursed, such amounts shall constitute Secured Obligations and bear interest at the highest lawful contract rate until paid.
E. Nothing contained herein shall obligate Lender or impose a duty upon Lender to assume or perform any obligations of Pledgor with respect to any of the Collateral.
F. For so long as the Secured Obligations are not in default, Pledgor has the right to receive all consumer payments with respect to the Collateral. If any of the Secured Obligations are in default, Pledgor's right to receive payments shall cease, and Lender shall have the sole and exclusive right to receive and retain the payments. In such event, Pledgor shall pay over to Lender any payments received by Pledgor with respect to the Collateral, and Lender shall apply the payments to the Secured Obligations.
G. Pledgor shall provide Lender with copies...
Covenants with Respect to Collateral. 4 SECTION 5.
Covenants with Respect to Collateral. From the date hereof until ------------------------------------ payment in full, including interest, or performance of all Obligations hereunder, each Debtor shall:
(a) not sell, transfer, assign, dis-pose of, hypothe-cate or subject to any lien or encumbrance any or all of the Collateral except for sales of immaterial amounts of equipment or Permitted Encumbranc-es or unless the Secured Party has consented in advance and in writing; pro-vided, however, that this Section 8(a) shall not apply to bona fide sales of items of Collateral in the ordinary course of business and each Debtor may grant purchase money security interests as defined in the Colora-do Uniform Commercial Code in the ordinary course of business and Permitted Encumbrances (as hereafter defined);
(b) maintain in full force and effect the policy or policies of insurance issued by insurers of recog-nized responsi-bil-ity insuring the Collateral against such losses and risks and in such amounts as are customary in the case of corpora-tions of established reputation engaged in the same or a similar business and similarly situated;
(c) keep all Collateral and its prin-cipal place of business located in the locations listed on Exhibit A unless Secured Party has received written notice of any change at least twenty (20) days in advance of such change; and
(d) properly maintain and care for the Collateral in accordance with the highest standards customary for businesses similar to the business of each Debtor.
