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

Protect Collateral; Further Assurances, etc. Except for the ------------------------------------------- Senior Pledge, or as otherwise provided for in the Credit Agreement, Pledgor will not sell, assign, transfer, pledge, or encumber in any other manner the Collateral (except in favor of the Collateral Agent hereunder or as specifically permitted by the Indenture). Pledgor will warrant and defend the right and title herein granted unto the Collateral 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. Pledgor agrees that at any time, and from time to time, at the expense of Pledgor, Pledgor will promptly execute and deliver all further instruments, and take all further action, that may be necessary or desirable, or that the Collateral Agent may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Collateral Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. Pledgor will not certificate or issue any Partnership Interests unless the same are immediately pledged to the Collateral Agent hereunder and delivered to the Administrative Agent, the Collateral Agent or a person described in Section 8-301(a) of the U.C.C.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Unwired Telecom Corp), Pledge and Security Agreement (Unwired Telecom Corp)

AutoNDA by SimpleDocs

Protect Collateral; Further Assurances, etc. Except for the ------------------------------------------- second priority Lien in favor of the trustee under the Senior PledgeSecured Discount Notes Indenture, or as otherwise provided for in the Credit Agreement, Pledgor will not sell, assign, transfer, pledge, pledge or encumber in any other manner the Collateral (except in favor of the Collateral Administrative Agent hereunder or as specifically permitted by under Section 7.2.3 of the IndentureCredit Agreement). The Pledgor will warrant and defend the right and title herein granted unto the Collateral 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 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 Collateral 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 Collateral Administrative Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. The Pledgor will not certificate or will permit any Pledged Share Issuer to issue any Partnership Interests Capital Securities unless the same are immediately delivered and pledged to the Collateral Administrative Agent hereunder and delivered to the Administrative Agent, the Collateral Agent or a person described in Section 8-301(a) of the U.C.C.hereunder.

Appears in 1 contract

Samples: Parent Pledge Agreement (Sterling Chemical Inc)

Protect Collateral; Further Assurances, etc. Except for the ------------------------------------------- Senior Pledge, or as otherwise provided for in the Credit Agreement, The Pledgor will not (i) sell, assign, transfer, pledge, or encumber in any other manner the Collateral (except in favor of the Collateral Agent hereunder hereunder), (ii) perform any act which would prevent the Collateral Agent from enforcing any of the terms and conditions of this Pledge Agreement or as specifically permitted would limit the Collateral Agent in any such enforcement or (iii) become a party to or otherwise bound by any agreement, other than this Pledge Agreement and the Indenture)Trust Agreement, which restricts in any manner the rights of the Collateral Agent with respect to the Collateral. The Pledgor will warrant and defend the right and title herein granted unto the Collateral 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 instrumentsinstruments (including, without limitation, Uniform Commercial Code financing statements), and take all further action, that may be necessary or desirable, or that the Collateral Agent may reasonably request, in order to perfect perfect, continue and protect any security interest or pledge granted or purported to be granted hereby or to enable the Collateral Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. Pledgor will not certificate or issue any Partnership Interests unless the same are immediately pledged to the Collateral Agent hereunder and delivered to the Administrative Agent, the Collateral Agent or a person described in Section 8-301(a) of the U.C.C..

Appears in 1 contract

Samples: Pledge Agreement (Worthington Industries Inc)

Protect Collateral; Further Assurances, etc. Except for the ------------------------------------------- Senior PledgeLiens described in Section 3.2 above, or as otherwise provided for in the Credit Agreement, no Pledgor will not sell, assign, transfer, pledge, or encumber in any other manner the Collateral (except in favor of the Collateral Administrative Agent hereunder or as specifically permitted by under Section 7.2.3 and 7.2.11 of the IndentureCredit Agreement). Each Pledgor will warrant and defend the right and title herein granted unto the Collateral 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 whomsoever. Each Pledgor agrees that at any time, and from time to time, at the expense of such Pledgor, such Pledgor will promptly execute and deliver all further instruments, and take all further action, that may be necessary or desirable, or that the Collateral 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 Collateral Administrative Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. No Pledgor will not certificate or permit any Pledged Share Issuer to issue any Partnership Interests Capital Securities unless the same are immediately delivered and pledged to the Collateral Administrative Agent hereunder and delivered to the Administrative Agent, the Collateral Agent or a person described in Section 8-301(a) of the U.C.C.hereunder.

Appears in 1 contract

Samples: Pledge Agreement (Sterling Chemical Inc)

Protect Collateral; Further Assurances, etc. Except for the ------------------------------------------- Senior Pledge, No Pledgor has or as otherwise provided for in the Credit Agreement, Pledgor will not sell, assign, transfer, pledge, or encumber in any other manner the Collateral (except in favor of the Collateral Agent hereunder or and as specifically permitted provided by the Indenture). Each Pledgor will warrant and defend the right and title herein granted unto the Collateral 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. Each Pledgor agrees that at any time, and from time to time, at the expense of such Pledgor, such Pledgor will promptly execute and deliver all further instruments, and take all further action, that may be necessary or desirable, or that the Collateral Agent may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Collateral Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. No Pledgor will not certificate or permit any Issuer to issue any Partnership Interests Capital Stock unless the same are immediately pledged to the Collateral Agent hereunder and the additional Capital Stock is pledged to Collateral Agent at the pro-rata levels outlined in Section 2.1 hereof and delivered to the Administrative Agent, the Collateral Agent Agreement or a person described in Section 8-301(a8.301(a)(2) of the U.C.C.

Appears in 1 contract

Samples: Stock Pledge and Security Agreement (Sterling Chemical Inc)

AutoNDA by SimpleDocs

Protect Collateral; Further Assurances, etc. Except for the ------------------------------------------- Senior Pledge, or as otherwise provided for in the Credit Agreement, No Pledgor will not sell, assign, transfer, pledge, or encumber in any other manner the Collateral (except in favor of the Collateral Agent hereunder or as specifically permitted by the IndentureAgent). Each Pledgor will warrant and defend the right and title herein granted unto the Collateral 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. Each Pledgor agrees that at any time, and from time to time, at the expense of such Pledgor, such Pledgor will promptly execute and deliver all further instruments, and take all further action, that may be necessary or desirablenecessary, or that the Collateral Agent may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Collateral Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. The Pledgor will not certificate or permit any Pledged Share Issuer to issue any Partnership Interests capital stock unless the same are (or, in the case of a Pledged Share Issuer that is an Excluded Foreign Subsidiary, 66% of the same that is voting capital stock (subject to Section 7.1.9 of the Credit Agreement)) is immediately pledged delivered in pledge to the Collateral Agent hereunder and delivered to the Administrative Agent, the Collateral Agent or a person described in Section 8-301(a) of the U.C.C.hereunder.

Appears in 1 contract

Samples: Security Agreement (Us Automotive Manufacturing Inc)

Protect Collateral; Further Assurances, etc. Except for the ------------------------------------------- Senior Pledge, or as otherwise provided for in the Credit Agreement, no Pledgor will not sell, assign, transfer, pledge, or encumber in any other manner the Collateral (except in favor of the Collateral Agent hereunder or as specifically permitted by the Indenture). Each Pledgor will warrant and defend the right and title herein granted unto the Collateral 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. Each Pledgor agrees that at any time, and from time to time, at the expense of such Pledgor, such Pledgor will promptly execute and deliver all further instruments, and take all further action, that may be necessary or desirable, or that the Collateral Agent may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Collateral Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. No Pledgor will not certificate or permit any Issuer to issue any Partnership Interests Capital Stock unless the same are immediately pledged to the Collateral Agent hereunder and delivered to the Administrative Agent, the Collateral Agent or a person described in Section 8-301(a) of the U.C.C.

Appears in 1 contract

Samples: Stock Pledge and Security Agreement (Sterling Chemical Inc)

Protect Collateral; Further Assurances, etc. Except for the ------------------------------------------- first priority Lien in favor of the Administrative Agent for the benefit of the Fixed Assets Secured Parties and the second priority Lien in favor of the trustee under the Senior PledgeSecured Discount Notes Indenture, or as otherwise provided for in the Credit Agreement, Pledgor will not sell, assign, transfer, pledge, pledge or encumber in any other manner the Collateral (except in favor of the Collateral Administrative Agent hereunder or as specifically permitted by under Section 7.2.3 of the IndentureCredit Agreement). The Pledgor will warrant and defend the right and title herein granted unto the Collateral 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 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 Collateral 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 Collateral Administrative Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. The Pledgor will not certificate or permit any Pledged Share Issuer to issue any Partnership Interests Capital Securities unless the same are immediately delivered and pledged to the Collateral Administrative Agent hereunder and delivered to the Administrative Agent, the Collateral Agent or a person described in Section 8-301(a) of the U.C.C.hereunder.

Appears in 1 contract

Samples: Sterling Chemical Inc

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!