PRESERVATION OF VALUE; LIMITATION OF LIENS. Company shall not take any action in connection with the Collateral which would impair in any material respect the respective interests or rights of Secured Party therein or with respect thereto, except as expressly permitted hereby; provided, however, that nothing in this Agreement shall prevent Company, prior to the exercise by Secured Party of any of its respective rights pursuant to the terms hereof, from undertaking Company’s operations in the ordinary course of business. Company shall not directly or indirectly create, incur, assume or suffer to exist any liens on or with respect to all or any part of the Collateral senior to or pari passu with the liens created by this Agreement, except for the Permitted Encumbrances. Company shall at its own cost and expense promptly take such action as may be necessary to discharge any such liens.
PRESERVATION OF VALUE; LIMITATION OF LIENS. Sutura shall not take any action in connection with the Collateral which would impair in any material respect the respective interests or rights of each Secured Party therein or with respect thereto, except as expressly permitted hereby; provided, however, that nothing in this Agreement shall prevent Sutura, prior to the exercise by Secured Party of any of its respective rights pursuant to the terms hereof, from undertaking Sutura’s operations in the ordinary course of business. Sutura shall not directly or indirectly create, incur, assume or suffer to exist any liens on or with respect to all or any part of the Collateral (other than the lien created by this Agreement). Sutura shall at its own cost and expense promptly take such action as may be necessary to discharge any such liens.
PRESERVATION OF VALUE; LIMITATION OF LIENS. Pledgor shall not take or permit to be taken any action in connection with the Collateral which would impair in any material respect the value of the interests or rights of Pledgor therein or which would impair the interests or rights of Collateral Agent therein or with respect thereto, except as expressly permitted by the Credit Documents or the Forbearance Agreement; provided, however, that nothing in this Agreement shall prevent Pledgor, prior to the exercise by Collateral Agent of any rights pursuant to the terms hereof, from undertaking Pledgor’s operations in the ordinary course of business in accordance with the Credit Documents. Pledgor shall not directly or indirectly create, incur, assume or suffer to exist any Liens on or with respect to all or any part of the Collateral (other than the Liens in favor of the Collateral Agent (on behalf of the Secured Parties)). Pledgor shall at its own cost and expense promptly take such action as may be necessary to discharge any such Liens.
PRESERVATION OF VALUE; LIMITATION OF LIENS. Ventures shall not take any action in connection with the Collateral which would dilute or impair in any material respect the interests or rights of Secured Parties therein or with respect thereto, except as expressly permitted hereby. Ventures shall not directly or indirectly create, incur, assume or suffer to exist any liens on or with respect to all or any part of the Collateral (other than the lien created by this Agreement). Ventures shall at its own cost and expense promptly take such action as may be necessary to discharge any such liens.
PRESERVATION OF VALUE; LIMITATION OF LIENS. Chex shall not take any action in connection with the Collateral which would impair in any material respect the interests or rights of Equitex therein or with respect thereto, except as expressly permitted hereby; provided, however, that nothing in this Agreement shall prevent Chex, prior to the exercise by Equitex of any rights pursuant to the terms hereof, from undertaking Chex's operations in the ordinary course of business. Chex shall not directly or indirectly create, incur, assume or suffer to exist any liens on or with respect to all or any part of the Collateral (other than the lien created by this Agreement). Chex shall at its own cost and expense promptly take such action as may be necessary to discharge any such liens.
PRESERVATION OF VALUE; LIMITATION OF LIENS. Chex shall not take any action in connection with the Collateral which would impair in any material respect the interests or rights of Secured Parties therein or with respect thereto, except as expressly permitted hereby; provided, however, that nothing in this Agreement shall prevent Chex, prior to the exercise by Secured Parties of any rights pursuant to the terms hereof, from undertaking Chex's operations in the ordinary course of business. Chex shall not directly or indirectly create, incur, assume or suffer to exist any liens on or with respect to all or any part of the Collateral (other than the lien created by this Agreement). Chex shall at its own cost and expense promptly take such action as may be necessary to discharge any such liens.
PRESERVATION OF VALUE; LIMITATION OF LIENS. The Pledgor shall not take or permit to be taken any action in connection with the Collateral which would impair in any material respect the value of the interests or rights of the Pledgor therein or which would impair the interests or rights of the Collateral Agent therein or with respect thereto; provided, however, that nothing in this Agreement shall prevent the Pledgor, prior to the exercise by the Collateral Agent of any rights pursuant to the terms hereof, from undertaking the Pledgor’s operations in the ordinary course of business in accordance with the Indenture. The Pledgor shall not directly or indirectly create, incur, assume or suffer to exist any liens on or with respect to all or any part of the Collateral (other than the lien created by this Agreement). Pledgor shall at its own cost and expense promptly take such action as may be necessary to discharge any such liens.
PRESERVATION OF VALUE; LIMITATION OF LIENS. El Capitan - Delaware shall not take any action in connection with the Collateral which would impair in any material respect the interests or rights of Secured Party therein or with respect thereto, except as expressly permitted hereby; provided, however, that nothing in this Agreement shall prevent El Capitan - Delaware, prior to the exercise by Secured Party of any rights pursuant to the terms hereof, from undertaking El Capitan - Delaware's operations in the ordinary course of business. El Capitan - Delaware shall not directly or indirectly create, incur, assume or suffer to exist any liens on or with respect to all or any part of the Collateral (other than the lien created by this Agreement). El Capitan - Delaware shall at its own cost and expense promptly take such action as may be necessary to discharge any such liens.
PRESERVATION OF VALUE; LIMITATION OF LIENS. No Grantor shall take any action in connection with the Collateral which would impair in any material respect the interests or rights of the Collateral Agent therein or with respect thereto.
PRESERVATION OF VALUE; LIMITATION OF LIENS. Pledgor shall not take or permit to be taken any action in connection with the Collateral which would impair the Liens granted herein; provided, however, that nothing in this Agreement shall prevent Pledgor, prior to the exercise by Lender of any rights pursuant to the terms hereof, from undertaking Pledgor’s operations in the ordinary course of business not in violation of the Financing Documents. Pledgor shall not directly or indirectly create, incur, assume or suffer to exist any Liens on or with respect to all or any part of the Collateral (other than Permitted Liens described in clause (a) of the definition of “Permitted Liens” and, to the extent required by Governmental Rule, clause (b) of the definition thereof). Pledgor shall at its own cost and expense promptly take such action as may be necessary to discharge any such Liens.
