No Encumbrance. Except as otherwise expressly permitted in this Agreement, XXXX shall not sell, assign, transfer, pledge, hypothecate, or otherwise dispose of or encumber any of the Collateral or any interest therein until all of the Secured Obligations are fully satisfied. XXXX shall protect and defend the Collateral from and against any and all claims, demands, or legal proceedings brought or asserted by any party other than the Trustee.
Appears in 15 contracts
Samples: Deposit and Security Agreement, Deposit and Security Agreement, Deposit and Security Agreement
No Encumbrance. Except as otherwise expressly permitted in this Deposit and Security Agreement, XXXX shall not sell, assign, transfer, pledge, hypothecate, or otherwise dispose of or encumber any of the Collateral or any interest therein until all of the Secured Obligations are fully satisfied. XXXX shall protect and defend the Collateral from and against any and all claims, demands, or legal proceedings brought or asserted by any party other than the TrusteeAgent.
Appears in 2 contracts
Samples: Master Loan Guaranty Agreement (First Marblehead Corp), Note Purchase Agreement (First Marblehead Corp)
No Encumbrance. Except as otherwise expressly permitted in this Agreement, XXXX shall not sell, assign, transfer, pledge, hypothecate, or otherwise dispose of or encumber any of the Collateral or any interest therein until all of the Secured Obligations are fully satisfied. XXXX shall protect and defend the Collateral from and against any and all claims, demands, or legal proceedings brought or asserted by any party other than the Trustee.. (d)
Appears in 1 contract
Samples: Deposit and Security Agreement
