Common use of Pledgor’s Covenants Clause in Contracts

Pledgor’s Covenants. Pledgor hereby represents, warrants and ------------------- covenants to SGI as follows: (a) The Pledged Collateral is free and clear of any security interests, liens, encumbrances or other interests other than this Agreement. (b) Pledgor has full power and authority to create a lien on the Pledged Collateral in favor of SGI and no disability or contractual obligation exists which would prohibit Pledgor from pledging the Pledged Collateral pursuant to this Agreement. (c) Pledgor shall not sell, assign, or create or permit any claim to, lien or encumbrance upon, or security interest in any of the Pledged Collateral, and shall not permit Pledgor's rights in the Pledged Collateral to be reached by attachment, levy or other judicial process. (d) At SGI's request, Pledgor shall execute and acknowledge such other documents and instruments which SGI deems necessary or desirable to evidence, continue or preserve SGI's security interest in the Pledged Collateral and/or to otherwise effect any of the terms of this Agreement. The foregoing representations, warranties and covenants shall survive the termination of this Agreement.

Pledgor’s Covenants. Pledgor hereby represents, warrants and ------------------- covenants to SGI E-Stamp as follows: (a) Pledgor is the owner of the Pledged Collateral. (b) The Pledged Collateral is free and clear of any security interests, liens, encumbrances or other interests other than the security interest created by this Agreement. (bc) Pledgor has full power and authority to create a first lien on the Pledged Collateral in favor of SGI E-Stamp and no disability or contractual obligation exists which would prohibit Pledgor from pledging the Pledged Collateral pursuant to this Agreement. (cd) Pledgor shall not sell, transfer, assign, or create or permit to exist any other claim to, lien or encumbrance upon, or security interest in any of the Pledged Collateral, and shall not permit Pledgor's rights in the Pledged Collateral to be reached by attachment, levy or other judicial process. (de) At SGIE-Stamp's request, Pledgor shall execute and acknowledge such other documents and instruments which SGI E-Stamp deems necessary or desirable to evidence, continue or preserve SGIE-Stamp's security interest in the Pledged Collateral and/or to otherwise effect any of the terms of this Agreement. The foregoing representations, warranties and covenants shall survive the termination of this Agreement.

Pledgor’s Covenants. Pledgor hereby represents, warrants and ------------------- covenants to SGI E-Stamp as follows: (a) Pledgor is the owner of the Pledged Collateral. (b) The Pledged Collateral is free and clear of any security interests, liens, encumbrances or other interests other than this Agreement. (bc) Pledgor has full power and authority to create a first lien on the Pledged Collateral in favor of SGI E-Stamp and no disability or contractual obligation exists which would prohibit Pledgor from pledging the Pledged Collateral pursuant to this Agreement. (cd) Pledgor shall not selltransfer, assign, or create or permit to exist any other claim to, lien or encumbrance upon, or security interest in any of the Pledged Collateral, and shall not permit Pledgor's rights in the Pledged Collateral to be reached by attachment, levy or other judicial process. (de) At SGIE-Stamp's request, Pledgor shall execute and acknowledge such other documents and instruments which SGI E-Stamp deems necessary or desirable to evidence, continue or preserve SGIE-Stamp's security interest in the Pledged Collateral and/or to otherwise effect any of the terms of this Agreement. The foregoing representations, warranties and covenants shall survive the termination of this Agreement.

Pledgor’s Covenants. Pledgor hereby represents, warrants and ------------------- covenants to SGI as follows: (a) The Pledged Collateral is free and clear of any security interests, liens, encumbrances or other interests other than this Agreement. (b) Pledgor has full power and authority to create a first lien on the Pledged Collateral in favor of SGI and no disability or contractual obligation exists which would prohibit Pledgor from pledging the Pledged Collateral pursuant to this Agreement. (c) Pledgor shall not sell, assign, or create or permit to exist any other claim to, lien or encumbrance upon, or security interest in any of the Pledged Collateral, and shall not permit Pledgor's rights in the Pledged Collateral to be reached by attachment, levy or other judicial process. (d) At SGI's request, Pledgor shall execute and acknowledge such other documents and instruments which SGI deems necessary or desirable to evidence, continue or preserve SGI's security interest in the Pledged Collateral and/or to otherwise effect any of the terms of this Agreement. The foregoing representations, warranties and covenants shall survive the termination of this Agreement.

Pledgor’s Covenants. Pledgor hereby represents, warrants and ------------------- covenants to SGI as follows: (a) The Pledged Collateral is free and clear of any security interests, liens, encumbrances or other interests other than this Agreement. (b) Pledgor has full power and authority to create a lien on the Pledged Collateral in favor of SGI and no disability or contractual obligation exists which would prohibit Pledgor from pledging the Pledged Collateral pursuant to this Agreement. (c) Pledgor shall not sell, assign, or create or permit to exist any other claim to, lien or encumbrance upon, or security interest in any of the Pledged Collateral, and shall not permit Pledgor's ’s rights in the Pledged Collateral to be reached by attachment, levy or other judicial process. (d) At SGI's ’s request, Pledgor shall execute and acknowledge such other documents and instruments which SGI deems necessary or desirable to evidence, continue or preserve SGI's ’s security interest in the Pledged Collateral and/or to otherwise effect any of the terms of this Agreement. The foregoing representations, warranties and covenants shall survive the termination of this Agreement.