No Transfer of Interest. TASL covenants and agrees that, so long as the Note shall remain unpaid, TASL will not sell, assign, pledge, encumber or otherwise dispose of any member interest of the Borrower except to the extent and in the manner permitted by the Security Agreement and that any transfer by it of any interest in the Borrower shall not reduce, release or lessen its obligations under this Agreement.
Appears in 4 contracts
Samples: Keep Well Agreement (Polaris Aircraft Income Fund Ii), Keep Well Agreement (Polaris Aircraft Income Fund V), Keep Well Agreement (Polaris Aircraft Income Fund Iii)
