Obligations of the Pledgor. The Pledgor hereby covenants and agrees with the Pledgee as follows: (a) The Pledgor will not sell, transfer or convey any interest in, or suffer or permit any lien or encumbrance to be created upon or with respect to, any of the Collateral (other than as created under this Agreement) during the term of the pledge established hereby. (b) The Pledgor will, at its own expense, at any time and from time to time at the Pledgee's request, do, make, procure, execute and deliver all acts, things, writings, assurances and other documents as may be required by the Pledgee to further enhance, preserve, establish, demonstrate or enforce the Pledgee's rights, interests and remedies created by, provided in, or emanating from, this Agreement. (c) The Pledgor agrees, except with respect to the Pledged Shares, that (i) it shall not permit any Pledged Company to issue certificates representing the Pledged Interests without the Pledgee's written consent and (ii) it shall cause each Pledged Company to issue certificates with respect to any Pledged Interests at the Pledgee's request.
Appears in 2 contracts
Samples: Pledge Agreement (Global Payment Technologies Inc), Pledge Agreement (Global Payment Technologies Inc)
Obligations of the Pledgor. The Pledgor hereby covenants and agrees with the Pledgee and the Lenders as follows:
(a) The Pledgor will not sell, transfer or convey any interest in, or suffer or permit any lien or encumbrance to be created upon or with respect to, any of the Collateral (other than as created under this Agreement and the Credit Agreement) during the term of the pledge established hereby.
(b) The Pledgor will, at its own expense, at any time and from time to time at the Pledgee's ’s request, do, make, procure, execute and deliver all acts, things, writings, assurances and other documents as may be required by the Pledgee to further enhance, preserve, establish, demonstrate or enforce the Pledgee's ’s rights, interests and remedies created by, provided in, or emanating from, this Agreement.
(c) The Pledgor agrees, except as permitted by the Credit Agreement and with respect to the Pledged Shares, that (i) it shall not permit any Pledged Company to issue certificates representing the Pledged Interests without the Pledgee's ’s written consent and (ii) it shall cause each Pledged Company to issue certificates with respect to any Pledged Interests at the Pledgee's ’s request.
Appears in 2 contracts
Samples: Credit Agreement (Comtech Telecommunications Corp /De/), Credit Agreement (Comtech Telecommunications Corp /De/)
Obligations of the Pledgor. The Pledgor hereby covenants and agrees with the Pledgee and the Lenders as follows:
(a) The Pledgor will not sell, transfer or convey any interest in, or suffer or permit any lien or encumbrance to be created upon or with respect to, any of the Collateral (other than as created under this Agreement and the Credit Agreement) during the term of the pledge established hereby.
(b) The Pledgor will, at its own expense, at any time and from time to time at the Pledgee's ’s request, do, make, procure, execute and deliver all acts, things, writings, assurances and other documents as may be required by the Pledgee to further enhance, preserve, establish, demonstrate or enforce the Pledgee's ’s rights, interests and remedies created by, provided in, or emanating from, this Agreement.
(c) The Pledgor agrees, except as permitted in the Credit Agreement and with respect to the Pledged Shares, that (i) it shall not permit any Pledged Company to issue certificates representing the Pledged Interests without the Pledgee's ’s written consent and (ii) it shall cause each Pledged Company to issue certificates with respect to any Pledged Interests at the Pledgee's ’s request.
Appears in 2 contracts
Samples: Credit Agreement (Comtech Telecommunications Corp /De/), Credit Agreement (Comtech Telecommunications Corp /De/)
Obligations of the Pledgor. The Pledgor hereby covenants and agrees with the Pledgee and the Lenders as follows:
(a) The Pledgor will not sell, transfer or convey any interest in, or suffer or permit any lien or encumbrance to be created upon or with respect to, any of the Collateral (other than as created under this AgreementAgreement and Permitted Liens) during the term of the pledge established hereby.
(b) The Pledgor will, at its own expense, at any time and from time to time at the Pledgee's request, do, make, procure, execute and deliver all acts, things, writings, assurances and other documents as may be reasonably required by the Pledgee to further enhance, preserve, establish, demonstrate or enforce the Pledgee's rights, interests and remedies created by, provided in, or emanating from, this Agreement.
(c) The Pledgor agrees, except with respect to the Pledged Shares, that (i) it shall not permit any Pledged Company to issue certificates representing the Pledged Interests without the Pledgee's written consent and (ii) it shall cause each Pledged Company to issue 128 certificates with respect to any Pledged Interests at the Pledgee's request.
Appears in 1 contract
Obligations of the Pledgor. The Pledgor hereby covenants and agrees with the Pledgee and the Lenders as follows:
(a) The Pledgor will not sell, transfer or convey any interest in, or suffer or permit any lien or encumbrance to be created upon or with respect to, any of the Collateral (other than as created under this AgreementAgreement and Permitted Liens) during the term of the pledge established hereby.
(b) The Pledgor will, at its own expense, at any time and from time to time at the Pledgee's request, do, make, procure, execute and deliver all acts, things, writings, assurances and other documents as may be reasonably required by the Pledgee to further enhance, preserve, establish, demonstrate or enforce the Pledgee's rights, interests and remedies created by, provided in, or emanating from, this Agreement.
(c) The Pledgor agrees, except with respect to the Pledged Shares, that (i) it shall not permit any Pledged Company to issue certificates representing the Pledged Interests without the Pledgee's written consent and (ii) it shall cause each Pledged Company to issue certificates with respect to any Pledged Interests at the Pledgee's request.
Appears in 1 contract
Obligations of the Pledgor. The Pledgor hereby covenants and agrees with the Pledgee as follows:
(a) The Pledgor will not not, without the prior written consent of the Lender (which consent shall be in the Lender's sole discretion), sell, transfer or convey any interest in, or suffer or permit any lien or encumbrance to be created upon or with respect to, any of the Collateral (other than as created under this Agreement) during the term of the pledge established hereby.
(b) The Pledgor will, at its own expense, at any time and from time to time at the Pledgee's request, do, make, procure, execute and deliver all acts, things, writings, assurances and other documents as may be required by the Pledgee to further enhance, preserve, establish, demonstrate or enforce the Pledgee's rights, interests and remedies created by, provided in, or emanating from, this Agreement.
(c) The Pledgor agrees, except with respect to the Pledged Shares, that (i) it shall not permit any Pledged Company to issue certificates representing the Pledged Interests without the PledgeeLender's written consent and (ii) it shall cause each Pledged Company to issue certificates with respect to any Pledged Interests at the PledgeeLender's request.
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