Common use of Protect Collateral; Further Assurances, etc Clause in Contracts

Protect Collateral; Further Assurances, etc. The Pledgor will not sell, assign, transfer, pledge, or encumber in any other manner the Collateral (except in favor of the Agent hereunder), except for a Permitted Disposition thereof. In the event of a Permitted Disposition of Collateral hereunder which is effected in compliance with the terms of the Credit Agreement, the Agent shall release its lien and security interest in respect of the Collateral so disposed of upon request therefor made by the Pledgor. The Pledgor will warrant and defend the right and title herein granted unto the Agent in and to the Collateral (and all right, title, and interest represented by the Collateral) against the claims and demands of all Persons whomsoever. The Pledgor agrees that at any time, and from time to time, at the expense of the Pledgor, the Pledgor will promptly execute and deliver all further instruments, and take all further action, that may be necessary or desirable, or that the Agent may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. The Pledgor will not permit any Pledged Interest Issuer to issue any capital stock or other ownership interests unless the same is immediately delivered in pledge to the Agent hereunder.

Appears in 3 contracts

Samples: Pledge Agreement (Key Components Finance Corp), Pledge Agreement (Key Components LLC), Valley Forge Pledge Agreement (Key Components LLC)

AutoNDA by SimpleDocs

Protect Collateral; Further Assurances, etc. The Each Pledgor covenants and agrees that it will not sell, assign, transfer, pledge, or encumber in any other manner the Collateral (except in favor of the Agent hereunder), except for a Permitted Disposition thereof. In the event of a Permitted Disposition of Collateral Pledgee hereunder which is effected or as permitted in compliance with the terms of the Credit Agreement, the Agent shall release its lien and security interest in respect of the Collateral so disposed of upon request therefor made by the Pledgor). The Each Pledgor will warrant and defend the right and title herein granted unto the Agent Pledgee in and to the Collateral (and all right, title, and interest represented by the Collateral) against the claims and demands of all Persons whomsoeverother Persons. The Each Pledgor agrees that at any time, and from time to time, at the expense of the such Pledgor, the Pledgor it will promptly execute and deliver all further instruments, and take all further action, that may be necessary or desirable, or that the Agent Pledgee may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Agent Pledgee to exercise and enforce its rights and remedies hereunder with respect to any Collateral. The Pledgor will not permit not, without thirty (30) days’ prior written notice to the Pledgee, (i) change its name or structure so as to make any Pledged Interest Issuer to issue any capital stock financing or other ownership interests unless statement filed pursuant to this Pledge Agreement become seriously misleading or (ii) change the same jurisdiction in which it is immediately delivered located to other than those specified in pledge to the Agent hereunder.Section 3.1.4 hereof. Each Pledgor further covenants and agrees as follows:

Appears in 3 contracts

Samples: Borrower Copyright Security Agreement (Surebeam Corp), Borrower Copyright Security Agreement (Titan Corp), Borrower Copyright Security Agreement (Surebeam Corp)

Protect Collateral; Further Assurances, etc. The Pledgor covenants and agrees that it will not sell, assign, transfer, pledge, or encumber in any other manner the Collateral (except in favor of the Agent hereunder), except for a Permitted Disposition thereof. In the event of a Permitted Disposition of Collateral Pledgee hereunder which is effected or as permitted in compliance with the terms of the Credit Agreement, the Agent shall release its lien and security interest in respect of the Collateral so disposed of upon request therefor made by the Pledgor). The Pledgor will warrant and defend the right and title herein granted unto the Agent Pledgee in and to the Collateral (and all right, title, and interest represented by the Collateral) against the claims and demands of all Persons whomsoeverPersons. The Pledgor agrees that at any time, and from time to time, at the expense of the Pledgor, the Pledgor it will promptly execute and deliver all further instruments, and take all further action, that may be necessary or desirable, or that the Agent Pledgee may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Agent Pledgee to exercise and enforce its rights and remedies hereunder with respect to any Collateral. The Pledgor will not permit not, without thirty (30) days’ prior written notice to the Pledgee, (i) change its name or structure so as to make any Pledged Interest Issuer to issue any capital stock financing or other ownership interests unless statement filed pursuant to this Pledge Agreement become seriously misleading or (ii) change the same jurisdiction in which it is immediately delivered located to other than those specified in pledge to the Agent hereunder.Section 3.1.4 hereof. The Pledgor further covenants and agrees as follows:

Appears in 3 contracts

Samples: Borrower Copyright Security Agreement (Surebeam Corp), Borrower Copyright Security Agreement (Surebeam Corp), Borrower Copyright Security Agreement (Titan Corp)

Protect Collateral; Further Assurances, etc. The Except for the second priority Lien in favor of the Trustee on the Capital Securities of each Borrower other than the Company and the second priority Lien in favor of the trustee under the Senior Secured Discount Notes Indenture on the Capital Securities of the Company, no Pledgor will not sell, assign, transfer, pledge, or encumber in any other manner the Collateral (except in favor of the Administrative Agent hereunder), except for a Permitted Disposition thereof. In the event of a Permitted Disposition of Collateral hereunder which is effected in compliance with the terms or as permitted under Section 7.2.3 and 7.2.11 of the Credit Agreement, the Agent shall release its lien and security interest in respect of the Collateral so disposed of upon request therefor made by the Pledgor). The Each Pledgor will warrant and defend the right and title herein granted unto the Administrative Agent in and to the Collateral (and all right, title, title and interest represented by the Collateral) against the claims and demands of all Persons whomsoever. The Each Pledgor agrees that at any time, and from time to time, at the expense of the such Pledgor, the such Pledgor will promptly execute and deliver all further instruments, and take all further action, that may be necessary or desirable, or that the Administrative Agent may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Administrative Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. The No Pledgor will not permit any Pledged Interest Share Issuer to issue any capital stock or other ownership interests Capital Securities unless the same is are immediately delivered in pledge and pledged to the Administrative Agent hereunder.

Appears in 1 contract

Samples: Obligor Pledge Agreement (Sterling Chemical Inc)

Protect Collateral; Further Assurances, etc. The Except for the second priority Lien in favor of the trustee under the Senior Secured Discount Notes Indenture and the third priority Lien granted to the Administrative Agent under the Parent Pledge Agreement of even date herewith for the benefit of the Current Assets Secured Parties, the Pledgor will not sell, assign, transfer, pledge, pledge or encumber in any other manner the Collateral (except in favor of the Administrative Agent hereunder), except for a Permitted Disposition thereof. In the event of a Permitted Disposition of Collateral hereunder which is effected in compliance with the terms or as permitted under Section 7.2.3 of the Credit Agreement, the Agent shall release its lien and security interest in respect of the Collateral so disposed of upon request therefor made by the Pledgor). The Pledgor will warrant and defend the right and title herein granted unto the Administrative Agent in and to the Collateral (and all right, title, title and interest represented by the Collateral) against the claims and demands of all Persons whomsoever. The Pledgor agrees that at any time, and from time to time, at the expense of the Pledgor, the Pledgor will promptly execute and deliver all further instruments, and take all further action, that may be necessary or desirable, or that the Administrative Agent may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Administrative Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. The Pledgor will not permit any Pledged Interest Share Issuer to issue any capital stock or other ownership interests Capital Securities unless the same is are immediately delivered in pledge and pledged to the Administrative Agent hereunder.

Appears in 1 contract

Samples: Sterling Chemical Inc

Protect Collateral; Further Assurances, etc. The Each Pledgor covenants and agrees that it will not sell, assign, transfer, pledge, or encumber in any other manner the Collateral (except in favor of the Administrative Agent hereunder), except for a Permitted Disposition thereof. In the event of a Permitted Disposition of Collateral hereunder which is effected in compliance with the terms of the Credit Agreement, the Agent shall release its lien and security interest in respect of the Collateral so disposed of upon request therefor made by the Pledgor. The Each Pledgor will warrant and defend the right and title herein granted unto the Administrative Agent in and to the Collateral (and all right, title, and interest represented by the Collateral) against the claims and demands of all Persons whomsoeverother Persons. The Each Pledgor agrees that at any time, and from time to time, at the expense of the such Pledgor, the Pledgor it will promptly execute and deliver all further instruments, and take all further action, that may be necessary or desirable, or that the Administrative Agent may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Administrative Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. The Pledgor will not permit not, without thirty (30) days’ prior written notice to the Administrative Agent, (i) change its name or structure so as to make any Pledged Interest Issuer to issue any capital stock financing or other ownership interests unless statement filed pursuant to this Pledge Agreement become seriously misleading or (ii) change the same jurisdiction in which it is located to other than those specified in Section 3.1.4. Each Pledgor will pledge hereunder, immediately delivered in pledge upon its acquisition (directly or indirectly) thereof, any and all additional Indebtedness owed to the Agent hereunder.such Pledgor pursuant to any note with an Obligor. Each Pledgor further covenants and agrees as follows:

Appears in 1 contract

Samples: Subsidiary Pledge Agreement (Titan Corp)

Protect Collateral; Further Assurances, etc. The Pledgor covenants and agrees that it will not sell, assign, transfer, pledge, or encumber in any other manner the Collateral (except in favor of the Administrative Agent hereunder), except for a Permitted Disposition thereof. In the event of a Permitted Disposition of Collateral hereunder which is effected in compliance with the terms of the Credit Agreement, the Agent shall release its lien and security interest in respect of the Collateral so disposed of upon request therefor made by the Pledgor. The Pledgor will warrant and defend the right and title herein granted unto the Administrative Agent in and to the Collateral (and all right, title, and interest represented by the Collateral) against the claims and demands of all Persons whomsoeverother Persons. The Pledgor agrees that at any time, and from time to time, at the expense of the Pledgor, the Pledgor it will promptly execute and deliver all further instruments, and take all further action, that may be necessary or desirable, or that the either Administrative Agent may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Administrative Agent to exercise and enforce its their rights and remedies hereunder with respect to any Collateral. The Pledgor will not permit not, without thirty (30) days' prior written notice to the Administrative Agent, (i) change its name or structure so as to make any Pledged Interest Issuer to issue any capital stock financing or other ownership interests unless statement filed pursuant to this Pledge Agreement become seriously misleading or (ii) change the same jurisdiction in which it is located to other than those specified in SECTION 3.1.4. The Pledgor will pledge hereunder, immediately delivered in pledge upon its acquisition (directly or indirectly) thereof, any and all additional Indebtedness owed to the Agent hereunder.Pledgor pursuant to any note with an Obligor. The Pledgor further covenants and agrees as follows:

Appears in 1 contract

Samples: Credit Agreement (Titan Corp)

AutoNDA by SimpleDocs

Protect Collateral; Further Assurances, etc. The Pledgor will not sell, assign, transfer, pledge, or encumber in any other manner the Collateral (except in favor of the Agent Lender hereunder), except for a Permitted Disposition thereof. In the event of a Permitted Disposition of Collateral hereunder which is effected in compliance with the terms of the Credit Agreement, the Agent shall release its lien and security interest in respect of the Collateral so disposed of upon request therefor made by the Pledgor. The Pledgor will warrant and defend the right and title herein granted unto the Agent Lender in and to the Collateral (and all right, title, and interest represented by the Collateral) against the claims and demands of all Persons whomsoever. The Pledgor agrees that at any time, and from time to time, at the expense of the Pledgor, the Pledgor will promptly execute and deliver all further instruments, and take all further action, that may be necessary or desirable, or that the Agent Lender may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Agent Lender to exercise and enforce its rights and remedies hereunder with respect to any Collateral. The Pledgor agrees that without the prior written consent of Lender, in its sole and absolute discretion, it will not permit vote the Partnership Interest in a way that allows the Partnership, to (i) enter into any Pledged Interest Issuer to issue employment contracts, (ii) make any capital stock or other ownership interests unless the same is immediately delivered in pledge amendments to the Agent hereunder.certificate of formation or limited liability company agreement of the Partnership, or (iii) enter in any other agreements which, in the opinion of Lender, in its sole and absolute discretion, will reduce the value of the Pledged Collateral. SECTION 4.2

Appears in 1 contract

Samples: Pledge Agreement (Energy Search Inc)

Protect Collateral; Further Assurances, etc. The Pledgor covenants and agrees that it will not sell, assign, transfer, pledge, or encumber in any other manner the Collateral (except in favor of the Administrative Agent hereunder), except for a Permitted Disposition thereof. In the event of a Permitted Disposition of Collateral hereunder which is effected in compliance with the terms of the Credit Agreement, the Agent shall release its lien and security interest in respect of the Collateral so disposed of upon request therefor made by the Pledgor. The Pledgor will warrant and defend the right and title herein granted unto the Administrative Agent in and to the Collateral (and all right, title, and interest represented by the Collateral) against the claims and demands of all Persons whomsoeverother Persons. The Pledgor agrees that at any time, and from time to time, at the expense of the Pledgor, the Pledgor it will promptly execute and deliver all further instruments, and take all further action, that may be necessary or desirable, or that the Administrative Agent may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Administrative Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. The Pledgor will not permit not, without thirty (30) days’ prior written notice to the Administrative Agent, (i) change its name or structure so as to make any Pledged Interest Issuer to issue any capital stock financing or other ownership interests unless statement filed pursuant to this Pledge Agreement become seriously misleading or (ii) change the same jurisdiction in which it is located to other than those specified in Section 3.1.4. The Pledgor will pledge hereunder, immediately delivered in pledge upon its acquisition (directly or indirectly) thereof, any and all additional Indebtedness owed to the Agent hereunder.Pledgor pursuant to any note with an Obligor. The Pledgor further covenants and agrees as follows:

Appears in 1 contract

Samples: Borrower Pledge Agreement (Titan Corp)

Protect Collateral; Further Assurances, etc. The Pledgor covenants and agrees that it will not sell, assign, transfer, pledge, or encumber in any other manner the Collateral (except in favor of the Administrative Agent hereunder), except for a Permitted Disposition thereof. In the event of a Permitted Disposition of Collateral hereunder which is effected in compliance with the terms of the Credit Agreement, the Agent shall release its lien and security interest in respect of the Collateral so disposed of upon request therefor made by the Pledgor. The Pledgor will warrant and defend the right and title herein granted unto the Administrative Agent in and to the Collateral (and all right, title, and interest represented by the Collateral) against the claims and demands of all Persons whomsoeverother Persons. The Pledgor agrees that at any time, and from time to time, at the expense of the Pledgor, the Pledgor it will promptly execute and deliver all further instruments, and take all further action, that may be necessary or desirable, or that the Administrative Agent may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Administrative Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. The Pledgor will not permit not, without thirty (30) days' prior written notice to the Administrative Agent, (i) change its name or structure so as to make any Pledged Interest Issuer to issue any capital stock financing or other ownership interests unless statement filed pursuant to this Pledge Agreement become seriously misleading or (ii) change the same jurisdiction in which it is located to other than those specified in SECTION 3.1.4. The Pledgor will pledge hereunder, immediately delivered in pledge upon its acquisition (directly or indirectly) thereof, any and all additional Indebtedness owed to the Agent hereunder.Pledgor pursuant to any note with an Obligor. The Pledgor further covenants and agrees as follows:

Appears in 1 contract

Samples: Credit Agreement (Titan Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.