Negative Covenants of Pledgor. Until the Secured Obligations are paid in full, Pledgor covenants that it will not, without the prior written consent of Agent and Required Holders, (a) sell, convey or otherwise dispose of any of the Pledged Collateral or any interest therein other than as permitted under the Notes Amendment Documents; (b) grant or permit to exist any Lien whatsoever upon or with respect to any of the Pledged Collateral or the proceeds thereof, other than the security interest created hereby; (c) consent to the issuance by any Company of any new Equity Interests; (d) consent to any merger or other consolidation of any Company with or into any corporation or other entity other than as permitted under the Notes Amendment Documents; (e) cause any Pledged Collateral to be held or maintained in the form of a security entitlement or credited to any securities account; (f) designate, or cause any Company to designate, any of the Pledged Collateral constituting membership interests in a limited liability company or general or limited partnership interests in a limited partnership or limited liability partnership as a “security” under Article 8 of the UCC, unless such Company has caused such Pledged Collateral to become certificated and has complied with the requirements of Section 6(e) hereof with respect to such Pledged Collateral; (g) evidence, or permit any Company to evidence, any of the Pledged Collateral that is not currently certificated, with any certificates, instruments or other writings, unless such Company has complied with the provisions of Section 6(e) of this Agreement; or (h) consent to or permit any amendment of the organizational documents of any Company that would restrict Pledgor’s right to vote, pledge or grant a security interest in or otherwise transfer its respective portion of the Pledged Collateral.
Negative Covenants of Pledgor. Until all Secured Obligations of the Pledgor are paid in full and performed, the Pledgor hereby covenants and agrees that it shall not, unless the Collateral Agent otherwise consent in advance in writing:
Negative Covenants of Pledgor. Until Full Payment, Pledgor covenants that Pledgor will not:
(a) sell, transfer, convey or otherwise dispose of any of the Pledged Collateral or any interest therein;
(b) incur or permit to be incurred any pledge, lien, charge, or encumbrance or any security interest whatsoever in or with respect to any of the Pledged Collateral or the proceeds thereof, other than the security interest created by the Credit Agreement and the other Loan Documents;
(c) consent to the issuance by Issuer of any new stock or other Equity Interest; or
(d) consent to any merger or other consolidation of Issuer with or into any other corporation or entity.
Negative Covenants of Pledgor. Until all of the Obligations have been satisfied in full and the Loan Documents terminated, Pledgor covenants that it will not sell, convey or otherwise dispose of any of the Collateral or any interest therein; incur or permit to be incurred any pledge, lien, charge, or encumbrance or any security interest whatsoever in or with respect to any of the Collateral or the proceeds thereof, other than the security interest created hereby and such security interests as Lender has heretofore consented to in writing; or permit the Company to issue any new stock.
Negative Covenants of Pledgor. 6 Section 4.01.
Negative Covenants of Pledgor. Until all of the Secured Obligations have been satisfied in full and the Loan Agreement has been terminated, Pledgor covenants that it will not, without the prior written consent of Lender, (a) sell, convey or otherwise dispose of any of the Pledged Collateral or any interest therein; (b) incur or permit to be incurred any Lien whatsoever upon or with respect to any of the Pledged Collateral or the proceeds thereof, other than the security interest created hereby and Permitted Liens; (c) consent to the issuance by the Company of any new stock; and (d) consent to any merger or other consolidation of the Company with or into any corporation or other entity other than as permitted under the Loan Agreement.
Negative Covenants of Pledgor. Except as expressly contemplated by the Agreement, during the term of this Pledge Agreement, Pledgor covenants that it will not (a) sell, convey or otherwise dispose of any of the Pledged Collateral or any interest therein; (b) incur or permit to be incurred any lien or encumbrance whatsoever upon or with respect to any of the Pledged Collateral or the proceeds thereof, other than the security interest created hereby; (c) consent to the issuance by the Entity of any new Equity; or (d) consent to any merger or other consolidation of the Entity with or into any corporation or other entity.
Negative Covenants of Pledgor. The Pledgor covenants and agrees that he will not:
(a) sell, convey or otherwise dispose of, or grant any option with respect to, any of the Collateral; or
(b) create or permit to exist any lien, security interest, or other charge or encumbrance upon or with respect to any of the Collateral, except for any lien, security interest, option or other charge or encumbrance which, by its express written terms, is subordinated to the lien and security interest hereby created by specific reference to the lien and security interest hereby created.
Negative Covenants of Pledgor. During the term of this Agreement, Pledgor covenants that it will not (a) sell, convey or otherwise dispose of any of the Pledged Collateral or any interest therein, provided that Pledgor may sell all or any portion of the Stock pursuant to one or more sales to the extent permitted by Section 7.5 or 7.6 of the Loan Agreement (each, a “Permitted Sale”), and at the time of each such Permitted Sale, the Stock so sold and Pledgor’s rights with respect thereto shall cease to be subject to the terms of this Agreement and Agent shall deliver to Pledgor, at Pledgor’s expense, the Stock so sold; (b) incur or permit to be incurred any Lien whatsoever upon or with respect to any of the Pledged Collateral or the proceeds thereof, other than the security interest created hereby; (c) consent to the issuance by any Company of any new stock; or (d) consent to any merger or other consolidation of any Company with or into any corporation or other entity except to the extent such merger or other consolidation is permitted by Section 7.5 or 7.6 of the Loan Agreement.
Negative Covenants of Pledgor. Until all of the Obligations have been paid and satisfied in full and the Financing Agreement terminated in writing, Pledgor covenants that it will not:
(a) Sell, convey or otherwise dispose of any of the Collateral or any interest therein;
(b) Incur or permit to be incurred any pledge, lien, charge, encumbrance or any security interest whatsoever in or with respect to any of the Collateral other than Permitted Encumbrances; or
(c) Consent to the issuance by the Companies of any new capital stock, membership interests or other ownership interests except to Pledgor, provided, in the case of an issuance of new capital stock, membership interests or other ownership interests by a Company, all of such new capital stock, membership interests or other ownership interests is pledged and delivered to the Agent to be held under the terms of this Agreement in the same manner as the Collateral originally pledged hereunder.
