Common use of Limitation on Liens on Pledged Collateral Clause in Contracts

Limitation on Liens on Pledged Collateral. Pledgor will not create, permit or suffer to exist, and will defend the Pledged Collateral against and take such other action as is necessary to remove, any Lien on the Pledged Collateral, except the Lien granted pursuant to this Agreement, and will defend the right, title and interest of Secured Parties in and to Pledgor’s rights under the Pledged Collateral against the claims and demands of all third parties whomsoever. Pledgor shall not cause or permit any amendment to any provision of any stock purchase agreements with Second Merger Sub or the bylaws of Second Merger Sub that would impair or otherwise negatively affect the Pledged Collateral or Secured Parties’ rights hereunder without the prior written consent of Secured Parties.

Limitation on Liens on Pledged Collateral. Pledgor will not create, permit or suffer to exist, and will defend the Pledged Collateral against and take such other action as is necessary to remove, any Lien on the Pledged Collateral, except the Lien granted pursuant to this Agreement, and will defend the right, title and interest of Secured Parties in and to PledgorPxxxxxx’s rights under the Pledged Collateral against the claims and demands of all third parties whomsoever. Pledgor shall not cause or permit any amendment to any provision of any stock purchase agreements with Second Merger Sub or the bylaws of Second Merger Sub that would impair or otherwise negatively affect the Pledged Collateral or Secured Parties’ rights hereunder without the prior written consent of Secured Parties.