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

No Liens; No Sale of Pledged Collateral. None of the Pledgors will create, assume, incur or permit or suffer to exist or to be created, assumed or incurred, any Lien on any of the Securities (other than the Lien created by this Agreement and a junior Lien for the benefit of the holders of the Senior Subordinated Notes, as contemplated in the Credit Agreement), and will not, except as otherwise permitted by the Credit Agreement, without the prior written 233 184 consent of the Collateral Agent (which consent shall not be unreasonably withheld), sell, lease, assign, transfer or otherwise dispose of all or any portion of the Securities (or any interest therein).

Appears in 1 contract

Samples: Credit Agreement (Crown Crafts Inc)

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No Liens; No Sale of Pledged Collateral. None of the Pledgors will create, assume, incur or permit or suffer to exist or to be created, assumed or incurred, any Lien on any of the Securities (other than the Lien created by this Agreement and a junior senior Lien for the benefit of the holders of Senior Lenders and the Senior Subordinated NotesLien created by this Agreement, as contemplated in the Credit Intercreditor Agreement), and will not, except as otherwise permitted by the Credit Purchase Agreement, without the prior written 233 184 consent of the Collateral Agent (which consent shall not be unreasonably withheld), sell, lease, assign, transfer or otherwise dispose of all or any portion of the Securities (or any interest therein).

Appears in 1 contract

Samples: Subordinated Note and Warrant Purchase Agreement (Crown Crafts Inc)

No Liens; No Sale of Pledged Collateral. None of the Pledgors will create, assume, incur or permit or suffer to exist or to be created, assumed or incurred, any Lien on any of the Securities (other than the Lien created by this Agreement and a junior Lien for the benefit of the holders of the Senior Subordinated Notes, as contemplated in the Credit Agreement), and will not, except as otherwise permitted by the Credit Agreement, without the prior written 233 184 consent of the Collateral Agent (which consent shall not be unreasonably withheld), sell, lease, assign, transfer or otherwise dispose of all or any portion of the Securities (or any interest therein).

Appears in 1 contract

Samples: Credit Agreement (Crown Crafts Inc)

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No Liens; No Sale of Pledged Collateral. None of the Pledgors will create, assume, incur or permit or suffer to exist or to be created, assumed or incurred, any Lien on any of the Securities (other than the Lien created by this Agreement and a junior senior Lien for the benefit of the holders of Senior Lenders and the Senior Subordinated Notes, as contemplated in the Credit Lien created by this Agreement), and will not, except as otherwise permitted by the Credit Purchase Agreement, without the prior written 233 184 consent of the Collateral Agent (which consent shall not be unreasonably withheld), sell, lease, assign, transfer or otherwise dispose of all or any portion of the Securities (or any interest therein).

Appears in 1 contract

Samples: Subordinated Note and Warrant Purchase Agreement (Crown Crafts Inc)

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