Common use of No Liens or Restrictions on Transfer or Change of Control Clause in Contracts

No Liens or Restrictions on Transfer or Change of Control. All Credit Security shall be free and clear of any liens and restrictions on the transfer thereof, including contractual provisions which prohibit the assignment of rights under contracts, except for liens permitted by this Section 3.3.3. Without limiting the generality of the foregoing, each Obligor will in good faith attempt to exclude from agreements, instruments, deeds or leases to which it becomes a party after the date hereof provisions that would prevent such Obligor from creating a security interest in such agreement, instrument, deed or lease or any rights or property acquired thereunder as contemplated hereby. None of the Pledged Stock shall be subject to any option to purchase or similar rights of any Person. Except with the written consent of the Lender, which consent will not be unreasonably withheld, each Obligor will in good faith attempt to exclude from any agreement, instrument, deed or lease provisions that would restrict the change of control or ownership of the Company or any of its Subsidiaries, or the creation of a security interest in the ownership of the Company or any of its Subsidiaries.

Appears in 1 contract

Samples: Guarantee and Security Agreement (Nextera Enterprises Inc)

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No Liens or Restrictions on Transfer or Change of Control. All Credit Security shall be free and clear of any liens Liens and restrictions on the transfer thereof, including contractual provisions which prohibit the assignment of rights under contracts, except for liens Liens permitted by section 6.7 of the Credit Agreement or by this Section 3.3.33.2.3. Without limiting the generality of the foregoing, each Obligor Pledgor will in good faith attempt to exclude from agreements, instruments, deeds or leases to which it becomes a party after the date hereof provisions that would prevent such Obligor Pledgor from creating a security interest in such agreement, instrument, deed or lease or any rights or property acquired thereunder as contemplated hereby. None of the Pledged Stock shall be subject to any option to purchase or similar rights of any Person. Except with the written consent of the LenderAgent, which consent will not be unreasonably withheld, each Obligor Pledgor will in good faith attempt to exclude from any agreement, instrument, deed or lease provisions that would restrict the change of control or ownership of the Company DRAC or any of its Subsidiaries, or the creation of a security interest in the ownership of the Company DRAC or any of its Subsidiaries.

Appears in 1 contract

Samples: Guarantee and Security Agreement (Doe Run Resources Corp)

No Liens or Restrictions on Transfer or Change of Control. All Credit Security shall be free and clear of any liens Liens and restrictions on the transfer thereof, including contractual provisions which prohibit the assignment of rights under contracts, except for liens Liens permitted by Section 10.8 of the Second Amended and Restated Credit Agreement or by this Section 3.3.3. Without limiting the generality of the foregoing, each Obligor will in good faith attempt to exclude from agreements, instruments, deeds or leases to which it becomes a party after the date hereof provisions that would prevent such Obligor from creating a security interest in such agreement, instrument, deed or lease or any rights or property acquired thereunder as contemplated hereby. None of the Pledged Stock shall be subject to any option to purchase or similar rights of any Person. Except with the written consent of the LenderAgent, which consent will not be unreasonably withheld, each Obligor will in good faith attempt to exclude from any agreement, instrument, deed or lease provisions that would restrict the change of control or ownership of the Company or any of its Subsidiaries, or the creation of a security interest in the ownership of the Company or any of its Subsidiaries.

Appears in 1 contract

Samples: Guarantee and Security Agreement (Nextera Enterprises Inc)

No Liens or Restrictions on Transfer or Change of Control. All Credit Security shall be free and clear of any liens Liens and restrictions on the transfer thereof, including contractual provisions which prohibit the assignment of rights under contracts, except for liens Liens permitted by section 6.7 of the Credit Agreement or by this Section 3.3.3. Without limiting the generality of the foregoing, each Obligor will in good faith attempt to exclude from agreements, instruments, deeds or leases to which it becomes a party after the date hereof provisions that would prevent such Obligor from creating a security interest in such agreement, instrument, deed or lease or any rights or property acquired thereunder as contemplated hereby. None of the Pledged Stock shall be subject to any option to purchase or similar rights of any Person. Except with the written consent of the LenderCollateral Agent, which consent will not be unreasonably withheld, each Obligor will in good faith attempt to exclude from any agreement, instrument, deed or lease to which it becomes a party after the date hereof provisions that would restrict the change of control or ownership of the Company or any of its Subsidiaries, or the creation of a security interest in the ownership of the Company or any of its Subsidiaries.

Appears in 1 contract

Samples: Security Agreement (American Biltrite Inc)

No Liens or Restrictions on Transfer or Change of Control. All Credit Security shall be free and clear of any liens and restrictions on the transfer thereof, including contractual provisions which prohibit the assignment of rights under contracts, except for liens permitted by this Section 3.3.32.3.3. Without limiting the generality of the foregoing, each Obligor will in good faith attempt to exclude from agreements, instruments, deeds or leases to which it becomes a party after the date hereof provisions that would prevent such Obligor from creating a security interest in such agreement, instrument, deed or lease or any rights or property acquired thereunder as contemplated hereby. None of the Pledged Stock shall be subject to any option to purchase or similar rights of any Person. Except with the written consent of the Lender, which consent will not be unreasonably withheld, each Obligor will in good faith attempt to exclude from any agreement, instrument, deed or lease provisions that would restrict the change of control or ownership of the Company or any of its Subsidiaries, Companies or the creation of a security interest in the ownership of the Company or any of its SubsidiariesCompanies.

Appears in 1 contract

Samples: Security Agreement (Surge Components Inc)

No Liens or Restrictions on Transfer or Change of Control. All Credit Security shall be free and clear of any liens Liens and restrictions on the transfer thereof, including contractual provisions which prohibit the assignment of rights under contracts, except for liens Liens permitted by section 6.8 of the Credit Agreement or by this Section 3.3.3. Without limiting the generality of the foregoing, each Obligor will in good faith attempt to exclude from agreements, instruments, deeds or leases to which it becomes a party after the date hereof provisions that would prevent such Obligor from creating a security interest in such agreement, instrument, deed or lease or any rights or property acquired thereunder as contemplated hereby. None of the Pledged Stock shall be subject to any option to purchase or similar rights of any Person. Except with the written consent of the LenderAgent, which consent will not be unreasonably withheld, each Obligor will in good faith attempt to exclude from any agreement, instrument, deed or lease provisions that would restrict the change of control or ownership of the Company or any of its Subsidiaries, or the creation of a security interest in the ownership of the Company or any of its Subsidiaries.

Appears in 1 contract

Samples: Guarantee and Security Agreement (Nextera Enterprises Inc)

No Liens or Restrictions on Transfer or Change of Control. All Credit Security shall be free and clear of any liens Liens and restrictions on the transfer thereof, including contractual provisions which prohibit the assignment of rights under contracts, except for liens Liens permitted by section 6.7 of the Credit Agreement or by this Section 3.3.32.3.3. Without limiting the generality of the foregoing, each Obligor the Borrower will in good faith attempt use commercially reasonable efforts to exclude from agreements, instruments, deeds or leases to which it becomes a party after the date hereof provisions that would prevent such Obligor the Borrower from creating a security interest in such agreement, instrument, deed or lease or any rights or property acquired thereunder as contemplated hereby. None of the Pledged Stock shall be subject to any option to purchase or similar rights of any Person. Except with the written consent of the Lender, which consent will not be unreasonably withheld, each Obligor the Borrower will in good faith attempt use commercially reasonable efforts to exclude from any agreement, instrument, deed or lease provisions that would restrict the change of control or ownership of the Company or any of its Subsidiaries, Borrower or the creation of a security interest in the ownership of the Company or any of its SubsidiariesBorrower.

Appears in 1 contract

Samples: Security Agreement (FCStone Group, Inc.)

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No Liens or Restrictions on Transfer or Change of Control. All Credit Security shall be free and clear of any liens Liens and restrictions on the transfer thereof, including contractual provisions which prohibit the assignment of rights under contracts, except for liens Liens permitted by Section 10.8 of the Amended and Restated Credit Agreement or by this Section 3.3.3. Without limiting the generality of the foregoing, each Obligor will in good faith attempt to exclude from agreements, instruments, deeds or leases to which it becomes a party after the date hereof provisions that would prevent such Obligor from creating a security interest in such agreement, instrument, deed or lease or any rights or property acquired thereunder as contemplated hereby. None of the Pledged Stock shall be subject to any option to purchase or similar rights of any Person. Except with the written consent of the LenderAgent, which consent will not be unreasonably withheld, each Obligor will in good faith attempt to exclude from any agreement, instrument, deed or lease provisions that would restrict the change of control or ownership of the Company or any of its Subsidiaries, or the creation of a security interest in the ownership of the Company or any of its Subsidiaries.

Appears in 1 contract

Samples: Guarantee and Security Agreement (Nextera Enterprises Inc)

No Liens or Restrictions on Transfer or Change of Control. All Credit Security Pledged Collateral shall be free and clear of any liens Liens and restrictions on the transfer thereof, including contractual provisions which prohibit the assignment of rights under contracts, except for liens Liens permitted by section 4.14 of the Indenture, including, without limitation, the Senior Lien, or by this Section 3.3.32.2.3. Without limiting the generality of the foregoing, each Obligor Pledgor will in good faith attempt to exclude from agreements, instruments, deeds or leases to which it becomes a party after the date hereof provisions that would prevent such Obligor Pledgor from creating a security interest in such agreement, instrument, deed or lease or any rights or property acquired thereunder as contemplated hereby. None of the Pledged Stock shall be subject to any option to purchase or similar rights of any Person, other than any such rights provided by the Senior Lien. Except with the written consent of the LenderCollateral Agent, which consent will not be unreasonably withheld, each Obligor Pledgor will in good faith attempt to exclude from any agreement, instrument, deed or lease any provisions that would restrict the change of control or ownership of the Company DRA or any of its Subsidiaries, or the creation of a security interest in the ownership of the Company DRA or any of its Subsidiaries.

Appears in 1 contract

Samples: Security Agreement (Doe Run Resources Corp)

No Liens or Restrictions on Transfer or Change of Control. All Credit Security shall be free and clear of any liens Liens and restrictions on the transfer thereof, including contractual provisions which prohibit the assignment of rights under contracts, except for liens Liens permitted by section 6.8 of the Credit Agreement or by this Section 3.3.32.3.3. Without limiting the generality of the foregoing, each Obligor will in good faith attempt to exclude from agreements, instruments, deeds or leases to which it becomes a party after the date hereof provisions that would prevent such Obligor from creating a security interest in such agreement, instrument, deed or lease or any rights or property acquired thereunder as contemplated hereby. None of the Pledged Stock shall be subject to any option to purchase or similar rights of any Person. Except with the written consent of the LenderAgent, which consent will not be unreasonably withheld, each Obligor will in good faith attempt to exclude from any agreement, instrument, deed or lease provisions that would restrict the change of control or ownership of the Company or any of its Subsidiaries, or the creation of a security interest in the ownership of the Company or any of its Subsidiaries.

Appears in 1 contract

Samples: Security Agreement (Pediatrix Medical Group Inc)

No Liens or Restrictions on Transfer or Change of Control. All Credit Security shall be free and clear of any liens Liens and restrictions on the transfer thereof, including contractual provisions which prohibit the assignment of rights under contracts, except for liens permitted Permitted Liens (as such term is defined in the Exchange Agreement) or by this Section 3.3.3. Without limiting the generality of the foregoing, each Obligor will in good faith attempt to exclude from agreements, instruments, deeds or leases to which it becomes a party after the date hereof provisions that would prevent such Obligor from creating a security interest in such agreement, instrument, deed or lease or any rights or property acquired thereunder as contemplated hereby. None of the Pledged Stock shall be subject to any option to purchase or similar rights of any Person. Except with the written consent of the LenderRequired Holders, which consent will not be unreasonably withheld, each Obligor will in good faith attempt to exclude from any agreement, instrument, deed or lease provisions that would restrict the change of control or ownership of the Company Borrower or any of its Subsidiaries, or the creation of a security interest in the ownership of the Company Borrower or any of its Subsidiaries.

Appears in 1 contract

Samples: Security Agreement (Ibasis Inc)

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