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

No Liens; No Sale of Collateral. Such Pledgor will not create, assume, incur or permit or suffer to exist any adverse claim or other 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 Lien on any of the Collateral. Except as expressly permitted by any Loan Document, such Pledgor will not sell, lease, lend, assign, transfer or otherwise dispose of all or any portion of the Collateral (or any interest therein).

Appears in 2 contracts

Samples: Credit Agreement (Ashford Hospitality Trust Inc), Credit Agreement (Ashford Hospitality Trust Inc)

AutoNDA by SimpleDocs

No Liens; No Sale of Collateral. Such Pledgor will not create, assume, incur or permit or suffer to exist any adverse claim or other 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 Lien on any of the Collateral. Except as expressly permitted by any Loan Document, such Such Pledgor will not sell, lease, lend, assign, transfer or otherwise dispose of all or any portion of the Collateral (or any interest therein).

Appears in 1 contract

Samples: Credit Agreement (Morgans Hotel Group Co.)

No Liens; No Sale of Collateral. Such The Pledgor will not create, assume, incur or permit or suffer to exist any adverse claim or other Lien on any of the Collateral other than Permitted Liens and shall not enter into any document, instrument or agreement (other than this AgreementAgreement or the other Loan Documents) which prohibits or purports to prohibit the creation or assumption of any Lien on any of the Collateral. Except as expressly permitted by any Loan Document, such The Pledgor will not sell, lease, lend, assign, transfer or otherwise dispose of all or any portion of the Collateral (or any interest therein).

Appears in 1 contract

Samples: Credit Agreement (Morgans Hotel Group Co.)

No Liens; No Sale of Collateral. Such Pledgor will not create, assume, incur or permit or suffer to exist any adverse claim or other 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 Lien on any of the Collateral, except for the Junior Credit Agreement and the Junior Loan Documents (as defined in the Junior Credit Agreement). Except as expressly permitted by any Loan Document, such Such Pledgor will not sell, lease, lend, assign, transfer or otherwise dispose of all or any portion of the Collateral (or any interest therein).

Appears in 1 contract

Samples: Pledge Agreement (Miller Industries Inc /Tn/)

AutoNDA by SimpleDocs

No Liens; No Sale of Collateral. Such The Pledgor will not create, assume, incur or permit or suffer to exist any adverse claim or other 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 Lien on any of the Collateral. Except as expressly permitted by any Loan Document, such The Pledgor will not sell, lease, lend, assign, transfer or otherwise dispose of all or any portion of the Collateral (or any interest therein).

Appears in 1 contract

Samples: Pledge Agreement (Riley Bryant R)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!