Common use of No Other Liens; No Sales or Transfers Clause in Contracts

No Other Liens; No Sales or Transfers. Pledgor hereby represents ------------------------------------- and warrants that he has good and valid title to all of the Pledge Shares, free and clear of all liens, security interests and other encumbrances (other than may be created by the Stock Purchase Agreement or any of the other agreements contemplated thereby to which Pledgor is a party), and Pledgor hereby covenants that, until such time as all of the outstanding principal of and interest on the Note has been repaid (and without limiting Pledgor's restrictions on transfer set forth in the Stock Purchase Agreement and the other agreements contemplated thereby), Pledgor shall not (i) create, incur, assume or suffer to exist any pledge, security interest, encumbrance, lien or charge of any kind against the Pledged Shares or Pledgor's rights or a holder thereof, other than pursuant to this Agreement and the Stock Purchase Agreement or any of the other agreements contemplated thereby to which Pledgor is a party, or (ii) sell or otherwise transfer any Pledged Shares or any interest therein (other than to the Company).