Common use of Ownership of Collateral and Absence of Other Liens Clause in Contracts

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons at any time claiming any interest therein; (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee in writing of any event that is reasonably likely to have a Material Adverse Effect on the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the Indenture.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it such Grantor shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall use commercially reasonable efforts to defend the Collateral against all Persons at any time claiming any interest therein; (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Bank in writing of any event that is reasonably likely to may have a Material Adverse Effect material adverse effect on the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee Bank to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Bank in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureCredit Agreement and other First Lien Documents.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons at any time claiming any interest therein; (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Agent in writing of any event that is reasonably likely to may have a Material Adverse Effect on the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee Agent to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureCredit Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it such Grantor shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall use commercially reasonable efforts to defend the Collateral against all Persons at any time claiming any interest therein; (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Agent in writing of any event that is reasonably likely to may have a Material Adverse Effect material adverse effect on the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee Agent to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureIndenture and other Second Lien Documents.

Ownership of Collateral and Absence of Other Liens. (a) except Except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons at any time claiming any interest therein;therein (other than Permitted Liens); and (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Agent in writing of any event that is reasonably likely to may have a Material Adverse Effect on the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee Agent to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureCredit Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons at any time claiming any interest therein; (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Agent in writing of any event that is reasonably likely to may have a Material Adverse Effect on the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee Agent to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureIntercreditor Agreement or the Second Lien Credit Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons at any time claiming any interest thereintherein (other than Permitted Liens); (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Agent in writing of any event that is reasonably likely to may have a Material Adverse Effect on the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee Agent to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureCredit Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons (other than the holder of a Permitted Lien) at any time claiming any interest therein; (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Agent in writing of any event that is reasonably likely to have a Material Adverse Effect on the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee Agent to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureFirst Lien Documents.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons at any time reasonably claiming any interest therein; (b) upon such Grantor Grantor, or any officer of such Grantor Grantor, obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Lender in writing of any event that is could reasonably likely be expected to have a Material Adverse Effect on diminish the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee Lender to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Lender in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it Grantor shall not sell, transfer or assign Transfer (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by this Agreement or the IndentureLoan Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons at any time claiming any interest therein; (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Agent in writing of any event that is reasonably likely to have a Material Adverse Effect on the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee Agent to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureCredit Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons at any time claiming any interest therein; (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Agent in writing of any event that is reasonably likely to may have a Material Adverse Effect on (i) the value of the Collateral or any material portion thereof, (ii) the ability of any Grantor or the Collateral Trustee Agent to dispose of the Collateral or any material portion thereof, or (iii) the rights and remedies of the Collateral Trustee Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureCredit Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons at any time claiming any interest therein; (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Agent in writing of any event that is could reasonably likely be expected to have a Material Adverse Effect on the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee Agent to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureCredit Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons at any time reasonably claiming any interest therein; (b) upon such Grantor or any executive officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Lender in writing of any event that is could reasonably likely be expected to have a Material Adverse Effect on materially diminish the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee Lender to dispose of the Collateral or any material portion thereof, the financial position, operations, business or condition (financial or otherwise) of the Bank, or the rights and remedies of the Collateral Trustee Lender in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureLoan Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except Except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons persons at any time claiming any interest therein; (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Agent in writing of any event that is reasonably likely to may have a Material Adverse Effect on the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee Agent to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person person any Collateral except as otherwise permitted by the IndentureCredit Agreement and the Intercreditor Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons at any time claiming any interest therein; (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Agent in writing of any event that is reasonably likely to may have a Material Adverse Effect material adverse effect on the value of the Collateral or any material portion thereof (except for any immaterial portion thereof), the ability of any Grantor or the Collateral Trustee Agent to dispose of the Collateral or any material portion thereof (except for any immaterial portion thereof), or the rights and remedies of the Collateral Trustee Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof, or may otherwise result in a Material Adverse Change; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureLoan Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest interests created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted LiensLiens permitted by Section 6.03 of the First Out Credit Agreement, and such Grantor shall defend the Collateral against all Persons at any time claiming any an interest thereintherein that could be materially adverse to the interests of the Secured Parties; (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Agents in writing of any event that is reasonably likely to may have a Material Adverse Effect on the value of the Collateral or any material portion thereofCollateral, the ability of any Grantor or the Collateral Trustee any Agent to dispose of the Collateral or any material portion thereofCollateral, or the rights and remedies of the Collateral Trustee any Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereofof the Collateral; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureFirst Out Credit Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it such Grantor shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons at any time claiming any interest therein; (b) upon such Grantor or any officer officer, manager or member of such Grantor obtaining knowledge thereof, it such Grantor shall promptly notify the Collateral Trustee Agent in writing of any event that is reasonably likely to may have a Material Adverse Effect material adverse effect on the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee Agent to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it such Grantor shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureLoan Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons at any time reasonably claiming any interest therein; (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Lender in writing of any event that is could reasonably likely be expected to have a Material Adverse Effect on diminish the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee Lender to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Lender in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureLoan Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons at any time claiming any interest therein; (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Agent in writing of any event that is reasonably likely to have a Material Adverse Effect on the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee Agent to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureCredit Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except Except for the security interest created by this AgreementAgreement or otherwise in favor of Collateral Trustee, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons at any time claiming any interest therein; (b) upon Upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee in writing of any event that is reasonably likely occurs with respect to the Collateral that may have a Material Adverse Effect on the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it Each Grantor shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted or not prohibited by the IndentureShared Lien Documents.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons at any time claiming any interest therein; (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Agent in writing of any event that is reasonably likely to may have a Material Adverse Effect on (i) the value of the Collateral or any material portion thereof, (ii) the ability of any Grantor or the Collateral Trustee Agent to dispose of the Collateral or any material portion thereof, or (iii) the rights and remedies of the Collateral Trustee Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureCredit Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this AgreementAgreement or otherwise in favor of Collateral Agent, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons at any time claiming any interest therein; (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Agent in writing of any event that is reasonably likely could reasonably. be expected to have a Material Adverse Effect on the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee Agent to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureCredit Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except Except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien (other than Permitted Liens) upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons (other than the holders of Permitted Liens) at any time claiming any interest therein;. (b) upon such Grantor or Upon any officer Authorized Officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Agent in writing of any event that is reasonably likely to may have a Material Adverse Effect on the value of the Collateral or any material portion thereof, the ability of any such Grantor or the Collateral Trustee Agent to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and. (c) it It shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureCredit Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons (other than the holder of a Permitted Lien) at any time claiming any interest therein; (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Agent in writing of any event that is reasonably likely to have a Material Adverse Effect on the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee Agent to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureThird Lien Documents.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons at any time claiming any interest therein; (b) upon such Grantor or any officer Authorized Officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Agent in writing of any event that is reasonably likely to may have a Material Adverse Effect on the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee Agent to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureCredit Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such the Grantor shall defend the Collateral against all Persons at any time claiming any interest therein; (b) upon such the Grantor or any officer of such the Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Agent in writing of any event that is reasonably likely to have a Material Adverse Effect on the value of the Collateral or any material portion thereof, the ability of any the Grantor or the Collateral Trustee Agent to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureNote Purchase Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it such Grantor shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons at any time claiming any interest therein; (b) upon such Grantor or any officer officer, manager or member of such Grantor obtaining knowledge thereof, it such Grantor shall promptly notify the Collateral Trustee Agent in writing of any event that is reasonably likely to may have a Material Adverse Effect material adverse effect on the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee Agent to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it such Grantor shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureCredit Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons at any time reasonably claiming any interest therein; (b) upon such Grantor or any executive officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Lender in writing of any event that is could reasonably likely be expected to have a Material Adverse Effect on materially diminish the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee Lender to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Lender in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureLoan Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, Collateral and such Grantor shall defend the Collateral against all Persons at any time reasonably claiming any interest therein; (b) upon such Grantor Grantor, or any officer of such Grantor Grantor, obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Lender in writing of any event that is could reasonably likely be expected to have a Material Adverse Effect on diminish the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee Lender to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Lender in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it Grantor shall not sell, transfer or assign Transfer (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by this Agreement or the IndentureLoan Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except Except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall take all commercially reasonable actions to defend the Collateral against all Persons at any time claiming any interest therein; (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Administrative Agent in writing of any event that is reasonably likely to have has had a Material Adverse Effect on the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee Administrative Agent to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Administrative Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureCredit Agreement and the New Credit Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons (other than the holder of a Permitted Lien) at any time claiming any interest therein; (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Agent in writing of any event that is reasonably likely to have a Material Adverse Effect on the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee Agent to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureSecond Lien Documents.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons at any time claiming any interest therein; (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee in writing of any event that is reasonably likely to may have a Material Adverse Effect on the value of the Collateral or any material portion thereof, the ability of any Grantor or the Collateral Trustee to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureParity Lien Documents.

Ownership of Collateral and Absence of Other Liens. (a) except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Liens, and such Grantor shall defend the Collateral against all Persons at any time claiming any interest therein; (b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Agent in writing of any event that is reasonably likely to may have a Material Adverse Effect on (i) the value of the Collateral or any material portion thereof, (ii) the ability of any Grantor or the Collateral Trustee Agent to dispose of the Collateral or any material portion thereof, thereof or (iii) the rights and remedies of the Collateral Trustee Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the IndentureLoan Agreement.

Ownership of Collateral and Absence of Other Liens. (a) except Except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to any of the Collateral, other than Permitted Collateral Liens, and such Grantor shall defend the Collateral against all Persons at any time claiming any interest therein;. (b) upon Upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify the Collateral Trustee Agent in writing of any event that is reasonably likely to have has a Material Adverse Effect on the value of the Collateral or any material portion thereof, the ability of any such Grantor or the Collateral Trustee Agent to dispose of the Collateral or any material portion thereof, or the rights and remedies of the Collateral Trustee Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any material portion thereof; and. (c) it Such Grantor shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the Indenture.