Common use of Protect Collateral; Further Assurances Clause in Contracts

Protect Collateral; Further Assurances. No Pledgor will sell, assign, transfer, pledge or encumber in any other manner the Collateral (except in favor of the Administrative Agent hereunder). Each Pledgor will warrant and defend the right, title and security interest herein granted to 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 whomsoever. Each 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 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.

Appears in 2 contracts

Samples: Stock Pledge Agreement (Easylink Services International Corp), Stock Pledge Agreement (Easylink Services International Corp)

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Protect Collateral; Further Assurances. No The Pledgor will not sell, assign, transfer, pledge or encumber in any other manner the Collateral (except in favor of the Administrative Collateral Agent hereunder). Each The Pledgor will warrant and defend the right, title and security interest herein granted to the Administrative 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 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 that the Administrative 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 Administrative Collateral Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Fpic Insurance Group Inc)

Protect Collateral; Further Assurances. No Pledgor will sell, assign, transfer, pledge or encumber in any other manner the Collateral (except in favor of the Administrative Agent hereunder, or as otherwise permitted under the Credit Agreement). Each Pledgor will warrant and defend the right, title and security interest herein granted to 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 whomsoever. Each 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 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.

Appears in 1 contract

Samples: Equity Pledge Agreement (PRGX Global, Inc.)

Protect Collateral; Further Assurances. No The Pledgor will not sell, assign, transfer, pledge or encumber in any other manner the Collateral (except in favor of the Administrative Agent Lender hereunder). Each The Pledgor will warrant and defend the right, title and security interest herein granted to the Administrative 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. Each 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 that the Administrative 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 Administrative Agent Lender to exercise and enforce its rights and remedies hereunder with respect to any Collateral.

Appears in 1 contract

Samples: Pledge Agreement (Gse Systems Inc)

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Protect Collateral; Further Assurances. No Pledgor will sell, assign, transfer, pledge or encumber in any other manner the Collateral (except in favor of the Administrative Agent hereunder), except as permitted by the Credit Agreement. Each Pledgor will warrant and defend the right, title and security interest herein granted to 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 whomsoever. Each 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 the may be necessary, or that 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.

Appears in 1 contract

Samples: Equity Pledge Agreement (Exactech Inc)

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