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 Section 6.8 and except for restrictions on transfer under the Securities Act and under applicable state securities laws. Without limiting the generality of the foregoing, each Obligor will exclude from contracts to which it becomes a party after the date hereof provisions that would prevent such Obligor from creating a security interest in such contract or any property acquired thereunder as contemplated hereby. None of the Pledged Stock is subject to any option to purchase or similar rights of any Person. Except with the written consent of the Agent, no Obligor is, and none of them will be, party to or bound by any agreement, instrument, deed or lease that restricts the change of control or ownership, or the creation of a security interest in the ownership, of the Company or any of its Subsidiaries.

Appears in 5 contracts

Samples: Credit Agreement (Ameripath Inc), Credit Agreement (Ameripath Inc), Credit Agreement (Ameripath 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 and restrictions on the transfer thereof, including contractual provisions which prohibit the assignment of rights under contracts, except for Liens permitted by Section 6.8 and except for restrictions on transfer under the Securities Act and under applicable state securities laws6.8. Without limiting the generality of the foregoing, each Obligor will exclude from contracts to which it becomes a party after the date hereof (other than partnership and joint venture agreements) provisions that would prevent such Obligor from creating a security interest in such contract or any property acquired thereunder as contemplated hereby. None of the Pledged Stock is subject to any adverse claims, option to purchase or similar rights of any Person. Except with the written consent of the Agent, no Obligor is, and none of them will be, party to or bound by any agreement, instrument, deed or lease that restricts the change of control or ownership, or the creation of a security interest in the ownership, of the Company or any of its SubsidiariesSubsidiaries (other than a Subsidiary which is a partnership).

Appears in 2 contracts

Samples: Credit Agreement (Transmontaigne Inc), Credit Agreement (Transmontaigne Oil Co)

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 Section 6.8 and except for restrictions on transfer under the Securities Act and under applicable state securities laws6.8. Without limiting the generality of the foregoing, each Obligor will exclude from contracts to which it becomes a party after the date hereof (other than partnership and joint venture agreements) provisions that would prevent such Obligor from creating a security interest in such contract or any property acquired thereunder as contemplated hereby. None of the Pledged Stock is subject to any adverse claims, option to purchase or similar rights of any Person. Except with the written consent of the Collateral Agent, no Obligor is, and none of them will be, party to or bound by any agreement, instrument, deed or lease that restricts the change of control or ownership, or the creation of a security interest in the ownership, of the Company or any of its SubsidiariesSubsidiaries (other than a Subsidiary which is a partnership).

Appears in 1 contract

Samples: Credit Agreement (Transmontaigne 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 and restrictions on the transfer thereof, including contractual provisions which prohibit the assignment of rights under contracts, except for Liens permitted by Section section 6.8 and except for restrictions on transfer under of the Securities Act and under applicable state securities lawsCredit Agreement. Without limiting the generality of the foregoing, each Obligor will exclude from contracts to which it becomes a party after the date hereof provisions that would prevent such Obligor from creating a security interest in such contract or any property acquired thereunder as contemplated hereby. None of the Pledged Stock is subject to any option to purchase or similar rights of any Person. Except (a) as set forth on Exhibit 2.3 or (b) with the written consent of the Managing Agent, no Obligor is, and none of them will be, party to or bound by any agreement, instrument, deed or lease that restricts the change of control or ownership, 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 Tower Corp)

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