Common use of No Liens; No Sale of Collateral Clause in Contracts

No Liens; No Sale of Collateral. The Pledgor will not create, assume, incur, permit or suffer to exist, or to be created, assumed or incurred, any lien, security interest, pledge, hypothecation or other encumbrance (each a "Lien") on any of the Collateral (or any interest therein), and will not, without the prior written consent of the Secured Party, sell, assign, transfer or otherwise dispose of (or enter into any agreement or understanding to do any of the foregoing), all or any portion of the Collateral (or any interest therein).

Appears in 4 contracts

Samples: Pledge Agreement (Irt Property Co), Pledge Agreement (Irt Property Co), Pledge Agreement (Irt Property Co)

AutoNDA by SimpleDocs

No Liens; No Sale of Collateral. The Such Pledgor will not create, assume, incur, incur or permit or suffer to exist, or to be created, assumed or incurred, exist any lien, security interest, pledge, hypothecation adverse claim or other encumbrance (each a "Lien") Lien on any of the Collateral other than Permitted Liens and shall not enter into any document, instrument or agreement (other than this Agreement) which prohibits or purports to prohibit the creation or assumption of any interest therein), and will not, without the prior written consent Lien on any of the Secured PartyCollateral. Except as expressly permitted by any Loan Document, such Pledgor will not sell, lease, lend, assign, transfer or otherwise dispose of (or enter into any agreement or understanding to do any of the foregoing), all or any portion of the Collateral (or any interest therein).

Appears in 2 contracts

Samples: Security Agreement (Ashford Hospitality Trust Inc), Pledge Agreement (Ashford Hospitality Trust Inc)

No Liens; No Sale of Collateral. The Pledgor will not create, assume, incur, incur or permit or suffer to exist, exist or to be created, assumed or incurred, any lien, security interest, pledge, hypothecation or other encumbrance (each a "Lien") Lien on any of the Collateral (or any interest therein), other than Permitted Liens, and will not, without the prior written consent of the Secured PartyPledgee, sell, lease, assign, transfer or otherwise dispose of (or enter into any agreement or understanding to do any of the foregoing), all or any portion of the Collateral (or any interest therein).

Appears in 1 contract

Samples: Pledge Agreement (Verso Technologies Inc)

AutoNDA by SimpleDocs

No Liens; No Sale of Collateral. The Pledgor will not create, assume, incur, ------------------------------- incur or permit or suffer to exist, exist or to be created, assumed or incurred, any lien, security interest, pledge, hypothecation or other encumbrance (each a "Lien") Lien on any of the Collateral (or any interest therein), other than Permitted Liens, and will notnot sell, without the prior written consent of the Secured Party, selllease, assign, transfer or otherwise dispose of (or enter into any agreement or understanding to do any of the foregoing), all or any portion of the Collateral (or any interest therein)) except as otherwise provided herein other than as permitted under the Notes.

Appears in 1 contract

Samples: Stock Pledge Agreement (National Data Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.