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.
Appears in 5 contracts
Samples: Third Amended Security Agreement (Sutura, Inc.), Fourth Amended Security Agreement (Sutura, Inc.), Fourth Amended Security Agreement (Sutura, Inc.)
