Maintenance of Priority of Pledge. Obligor shall be --------------------------------- liable for, and shall from time to time pay and discharge, all intangible and other taxes, assessments and governmental charges imposed upon any of the Stock by any federal, state or local authority, the liens of which would or might be held prior to the security interest and rights of Obligor in and to the Stock. Obligor shall not, at any time while this Security Agreement is in effect, do or suffer any act or thing whereby the rights of Secured Party in and to the Stock would or might be impaired or diminished. Obligor shall execute and deliver such further documents and instruments and take such further actions as may be required to confirm the rights of Secured Party in and to the Stock or otherwise to effectuate the intention of this Security Agreement.
Maintenance of Priority of Pledge. The Stockholder shall be liable for and shall from time to time pay and discharge all taxes, assessments and governmental charges imposed upon the Stock by federal, state or local authority, the liens of which would or might be held prior to the right of the Lender in and to the Stock. The Stockholder shall not, at any time while this Stock Pledge Agreement is in effect, do or suffer any act or thing whereby the rights of the Lender in the Stock would or might be impaired. The Stockholder shall execute and deliver such further documents and take such further actions as may be reasonably required to confirm the rights of the Lender in and to the Stock or otherwise to effectuate the intention of this Stock Pledge Agreement.
Maintenance of Priority of Pledge. Pledgors shall be liable for and shall from time to time pay and discharge all taxes, assessments and governmental charges imposed upon the Stock by any federal, state or local authority, except to the extent the validity thereof is being contested in good faith by proper proceedings which stay the imposition of any penalty, fine or Lien resulting from non-payment thereof and with respect to which adequate reserves in accordance with GAAP have been set aside for the payment thereof. Pledgors shall execute and deliver such further documents and take such further actions as may be reasonably required or reasonably deemed advisable by Lender to confirm the rights of Lender in and to the Stock or otherwise to effectuate the intention of this Stock Pledge Agreement. Each Pledgor hereby authorizes Lender to prepare and file such financing statements (including continuation statements) or amendments thereof or supplements thereto or other instruments as Lender may from time to time deem necessary or appropriate in order to perfect and maintain the security interests granted hereunder (subject to the qualifications and limitations herein) in accordance with the UCC.
Maintenance of Priority of Pledge. Each Pledgor shall be liable for and shall from time to time pay and discharge all taxes, assessments and governmental charges imposed upon the Stock by any federal, state or local authority, the liens of which would or might be held prior to the right of Agent in and to the Stock. Each Pledgor shall execute and deliver such further documents and take such further actions as may be reasonably required or deemed advisable by Agent to confirm the rights of Agent in and to the Stock or otherwise to effectuate the intention of this Stock Pledge Agreement.
Maintenance of Priority of Pledge. Borrower shall be liable for and shall from time to time pay and discharge all taxes, assessments and governmental charges imposed upon the Stock by any federal, state or local authority, the liens of which would or might be held prior to the right of Lender in and to the Stock or which are imposed on the holders and/or registered owners of the Stock. Borrower shall not, at any time while this Stock Pledge Agreement is in effect, do or suffer any act or thing whereby the rights of Lender in the Stock would or might be materially impaired or diminished. Borrower shall execute and deliver such further documents and take such further actions as may be required to confirm the rights of Lender in and to the Stock or otherwise to effectuate the intention of this Stock Pledge Agreement. Borrower shall perform all terms of the indebtedness and obligations to Bank of Boston secured by the first priority pledge of and security interest in any portion of capital stock of the Corporation pledged to Bank of Boston and shall pay all of such indebtedness and related obligations according to their terms.
Maintenance of Priority of Pledge. The Pledgor shall be liable for and shall from time to time pay and discharge all taxes, assessments and governmental charges imposed upon any of the Collateral owned by him by any federal, state, or local authority, the liens of which would or might be held prior to the right of the Secured Party in and to the Collateral, within twenty (20) days of the date that such lien would arise. The Pledgor shall not, at any time while this Pledge Agreement is in effect, knowingly do or suffer any act or thing whereby the rights of the Secured Party in the Collateral would or might be materially impaired or diminished.
Maintenance of Priority of Pledge. So long as the Pledged Shares are held as security hereunder: (i) Xxxxxxx shall pay and discharge all taxes, assessments and charges imposed on the Pledged Shares by any federal, state or local governmental authority, the Liens of which would or might be prior to the rights of Aero in and to the Pledged Shares hereunder; (ii) Xxxxxxx shall not sell, transfer, encumber or otherwise dispose of all or any part of the Pledged Shares; and (iii) Xxxxxxx shall execute and deliver such further documents and take such further actions as may be reasonably required in order to confirm the rights of Aero in and to the Pledged Shares or otherwise to effectuate the intent of the parties to this Agreement.
Maintenance of Priority of Pledge. Debtor shall be liable for and shall from time to time pay and discharge all taxes, assessments and governmental charges imposed upon the Pledged Stock by any federal, state or local authority, the liens of which would or might be held prior to the right of the Secured Party in and to the Pledged Stock or which are imposed on the holder and/or registered owner of the Pledged Stock. Debtor shall not, at any time while this Agreement is in effect, do or suffer any act or thing whereby the rights of the Secured Party in the Pledged Stock would or might be impaired or diminished. Debtor shall execute and deliver such further documents and take such further actions as may be reasonably required to confirm the rights of the Secured Party in and to the Pledged Stock or otherwise to effectuate the intention of this Agreement.
Maintenance of Priority of Pledge. Guarantor shall be liable for and shall from time to time pay and discharge all taxes, assessments and governmental charges imposed upon the Stock by any federal, state or local authority, the liens of which would or might be held prior to the right of Lender in and to the Stock or which are imposed on the holders and/or registered owners of the Stock. Guarantor shall not, at any time while this Stock Pledge Agreement is in effect, do or suffer any act or thing whereby the rights of Lender in the Stock would or might be materially impaired or diminished. Guarantor shall execute and deliver such further documents and take such further actions as may be required to confirm the rights of Lender in and to the Stock or otherwise to effectuate the intention of this Stock Pledge Agreement.
Maintenance of Priority of Pledge. HDT shall be liable for and shall from time to time pay and discharge all taxes, assessments and governmental charges imposed upon the Stock by any federal, state, local or foreign authority, the liens of which would or might be held prior to the right of USPI in and to the Stock or which are imposed on the holders or registered owners of the Stock. HDT shall not, at any time while this Agreement is in effect, do or suffer any act or thing whereby the rights of USPI in the Stock would or might be materially impaired or diminished. HDT shall execute and deliver such further documents and take such further actions as may be required to confirm the rights of USPI in and to the Stock or otherwise to effectuate the intention of this Agreement.
