Common use of REPRESENTATION AND WARRANTY OF ASSIGNOR Clause in Contracts

REPRESENTATION AND WARRANTY OF ASSIGNOR. Assignor hereby represents and warrants to Assignee that, as of the date hereof and at all times until the Obligations are paid in full, except as set forth herein or as approved by Assignee, Assignor will not exercise any rights, powers or privileges with respect to the Option Shares under the Option Agreements.

REPRESENTATION AND WARRANTY OF ASSIGNOR. Assignor hereby represents and warrants to Assignee that, as of the date hereof and at all times until the Obligations are paid in full, except as set forth herein or as approved by Assignee, Assignor Assignor: (i) has not made and will not make any pledge, assignment or transfer of any of the Options; (ii) will not create or permit to exist any lien, security interest or other charge or encumbrance upon or with respect to the Options; and (iii) will not exercise any rights, powers or privileges with respect to the Option Shares Options under the Option AgreementsAgreement.