NEGATIVE PLEDGE AND DISPOSAL RESTRICTIONS. The Company shall not at any time, except with the prior written consent of the Lender:
6.1.1 create, purport to create or permit to subsist any Security on, or in relation to, any Secured Asset other than any Security created by this deed or any Permitted Liens;
6.1.2 sell, assign, transfer, part with possession of, or otherwise dispose of in any manner (or purport to do so), all or any part of, or any interest in, the Secured Assets (except, in the ordinary course of business, Secured Assets that are only subject to an uncrystallised second ranking floating charge or pursuant to a Permitted Lien); or
6.1.3 create or grant (or purport to create or grant) any interest whatsoever in the Secured Assets in favour of a third party (except, in the ordinary course of business, Secured Assets that are only subject to an uncrystallised floating charge or pursuant to a Permitted Lien).
NEGATIVE PLEDGE AND DISPOSAL RESTRICTIONS. The Charging Company will not:
(a) create or agree to create or permit to subsist any Lien on or option in favour of all or any part of the Charged Property, except for the charge created pursuant to this deed or any other Security Document;
(b) sell, assign, transfer, exchange, lease out, lend or otherwise dispose of all or any part of or grant any option with respect to, the Charged Property or the right to receive or to be paid the proceeds arising on the disposal of the same, or agree or attempt to do so;
(c) enter into any agreement or undertaking (other than this deed and the Credit Agreements) restricting the right or ability of the Charging Company or the Collateral Agent to sell, assign, transfer, exchange or otherwise dispose of any of the Charged Property or Distribution Rights thereof;
(d) dispose of the equity of redemption in respect of all or any part of the Charged Property.
NEGATIVE PLEDGE AND DISPOSAL RESTRICTIONS. Except to the extent permitted by the terms of the Loan Agreement, during the continuance of the security constituted by this Deed the Company will not without the prior consent in writing of the Security Trustee (acting on the instructions of such of the Lender Parties as may be required pursuant to Clause 14.1 of the Loan Agreement):
(a) create, incur, assume or suffer to exist any lien upon the whole or any part of the Charged Property; or
(b) sell, transfer, lease or otherwise dispose of any of, or grant options, warrants or other rights with respect to, any part of the Charged Property, or agree or attempt to do so.
NEGATIVE PLEDGE AND DISPOSAL RESTRICTIONS. During the continuance of the security constituted by this Deed, and without prejudice to the provisions of the Intercreditor Agreement and the other Financing Agreements, the Chargor will not (without the prior consent in writing of the Collateral Agent):
(1) create or agree or attempt to create or permit to subsist (in favour of any person other than the Collateral Agent) any Lien over the whole or any part of the Charged Property or of the Non-Charged Shares or agree (whether on a contingent basis or otherwise) to do so; or
(2) (whether by a single transaction or a number of related or unrelated transactions and whether at the same time or over a period of time) sell, transfer, lease out, lend or otherwise dispose of or cease to exercise direct control over all or any part of the Charged Property or of the Non-Charged Shares or any interest therein or the right to receive or to be paid the proceeds arising on the disposal of the same, or agree or attempt to do so; or
(3) dispose of the equity of redemption in respect of all or any part of the Charged Property or of the Non-Charged Shares; or
(4) except with the written consent of the Collateral Agent, permit the Issuer to issue to any of the Chargor's other Subsidiaries any shares in addition to or in substitution for the Shares or the Non-Charged Shares unless, concurrently with each issuance thereof, any and all such shares are charged in favour of the Collateral Agent pursuant to a deed of charge substantially in the form of this Deed; provided that the aggregate percentage of the share capital of the Issuer required to be encumbered by any and all charges granted in favour of the Collateral Agent by the Chargor or any of its Subsidiaries pursuant hereto shall not exceed the Percentage Limitation.
NEGATIVE PLEDGE AND DISPOSAL RESTRICTIONS. No Chargor may:
(a) create or agree to create or permit to subsist any Security Interest over all or any part of the Charged Property;
(b) dispose of all or any part of the Charged Property or the right to receive or to be paid the proceeds arising on the disposal of the same, or agree or attempt to do so; or
(c) dispose of the equity of redemption in respect of all or any part of the Charged Property, except as permitted by the Credit Agreement.
NEGATIVE PLEDGE AND DISPOSAL RESTRICTIONS. 5 6. REPRESENTATIONS........................................................5 7. UNDERTAKINGS...........................................................6 8. ATTORNEY...............................................................
NEGATIVE PLEDGE AND DISPOSAL RESTRICTIONS. During the continuance of the security constituted by this Deed the Chargor will not, without the prior consent in writing of the Security Trustee:
(a) create or agree or attempt to create or permit to subsist (in favour of any person other than the Security Trustee) any lien over the whole or any part of the Charged Property or agree to do so other than the security created under the MIJL Security Agreement No. 2 (subject to the terms and conditions of the Deed of Priorities); or
(b) (whether by a single transaction or a number of related or unrelated transactions and whether at the same time or over a period of time) sell, transfer, lease out, lend or otherwise dispose of or cease to exercise direct control over all or any part of the Charged Property or any interest therein or the right to receive or to be paid the proceeds arising on the disposal of the same, or agree or attempt to do so; or
(c) dispose of the equity of redemption in respect of all or any part of the Charged Property.
NEGATIVE PLEDGE AND DISPOSAL RESTRICTIONS. The Chargor shall not at any time, except with the prior written consent of PGT:
(a) create, purport to create or permit to subsist any Security on, or in relation to, any Secured Asset other than any Security created by this deed;
(b) sell, assign, transfer, part with possession of, or otherwise dispose of in any manner (or purport to do so), all or any part of, or any interest in, the Secured Assets (except, in the ordinary course of business, Secured Assets that are only subject to an uncrystallised floating charge); or
(c) create or grant (or purport to create or grant) any interest in the Secured Assets in favour of a third party.
NEGATIVE PLEDGE AND DISPOSAL RESTRICTIONS. The Borrower shall not at any time, except with the prior written consent of the Lender:
(a) create, purport to create or permit to subsist any Security on, or in relation to, any Secured Asset other than any Security created by this deed;
(b) sell, assign, transfer, part with possession of, or otherwise dispose of in any manner (or purport to do so), all or any part of, or any interest in, the Secured Assets; or
(c) create or grant (or purport to create or grant) any interest in the Secured Assets in favour of a third party.
NEGATIVE PLEDGE AND DISPOSAL RESTRICTIONS. 1.1 The Borrowers shall not at any time, except with the prior written consent of the Lender:
(a) create or permit any Encumbrance on, or in relation to, the Property other than any Encumbrance created by this mortgage;
(b) sell, assign, transfer, part with possession of or otherwise dispose of in any manner all or any part of, or any interest in, the Property; or
(c) create or grant any interest in the Property in favour of a third party.
