Restriction on Transfer and Encumbrance. The Pledged Assets may not be sold or transferred by the Company or by any other means whatsoever become subject to any Liens (except for those created hereby and those permitted under the Common Terms Agreement) until termination of this Contracts Pledge Agreement pursuant to Section 11 hereof.
Restriction on Transfer and Encumbrance. During the term of this Agreement, Pledgor may not dispose of, sell, assign, transfer, lend, swap, or convey to the capital stock of companies, establish any usufruct or common trust, create any other lien, encumbrance or collateral security in addition to the pledge contracted herein, or otherwise dispose of, fully or partially, directly or indirectly, free of charge or for remuneration, of the Pledged Rights, the Depositaries undertaking not to give effect to any of such acts that have been performed without the necessary previous written consent from Pledgee, according to the terms of the Credit Agreement.
Restriction on Transfer and Encumbrance. During the term of this Agreement, Pledgor may not dispose of, sell, assign, transfer, lend, swap, or convey to the capital stock of companies, establish any usufruct or common trust, create any other lien, encumbrance or collateral security in addition to the pledge contracted herein, or otherwise dispose of, fully or partially, directly or indirectly, free of charge or for remuneration, of the Pledged Rights. 4. Registration of the Pledged Rights. Pledgor shall, within twenty (20) days after the execution of this Agreement, cause this Agreement to be registered with the competent Registries of Titles and Deeds (Cartórios de Registro de Títulos e Documentos) in Brazil and deliver to Pledgee evidence of such registration. 4.1. Pledgor shall pay all expenses incurred in connection with such registrations. 5.
Restriction on Transfer and Encumbrance. Except for the Loan Documents and the Permitted Exceptions, and as expressly permitted by this Agreement or any of the other Loan Documents, Debtor shall not, without the prior written consent of FFCA sell, lease, convey, pledge, mortgage, assign, transfer, encumber or grant any consensual easements or other rights or interests of any kind in the Sites, the Equipment or any of Debtor's rights under the Loan Documents, or permit a Change of Control, except for sales, assignments and transfers of tangible Personal Property and/or Equipment at the Sites in the ordinary course of business that, in the reasonable judgment of Debtor, is not necessary (after giving effect to any Personal Property and/or Equipment that replaces it) to run a Site as an Arby's Restaurant or Dual Concept in accordance with those standards adopted by Arby's from time to time on a system-wide basis for operations of Arby's Restaurants or Dual Concepts (collectively, "Transfers"). Notwithstanding the foregoing, Debtor may lease the Sites as expressly permitted by the Deeds of Trust. 01/514412.5 Arby's 37
Restriction on Transfer and Encumbrance. Except as expressly permitted by the Loan Agreement or this Deed of Trust, Debtor shall not, without the prior written consent of Beneficiary (which consent shall not be unreasonably withheld, conditioned or delayed), sell, lease, convey, pledge, mortgage, assign, transfer, encumber or grant any consensual easements or other rights or interests of any kind in the Trust Estate or any of Debtor's rights under the Loan Documents or permit a Change of Control, except for sales, assignments and transfers of tangible Personal Property and/or Equipment at the Site in the ordinary course of business that, in the reasonable judgment of Debtor, is not necessary (after giving effect to any Personal Property and/or Equipment that replaces it) to operate the Site as an Arby's Restaurant or Dual Concept, as the case may be, in accordance with those standards adopted by Arby's on a system- wide basis for operations of Arby's Restaurants or Dual Concepts (collectively, "Transfers"); provided, however, Debtor may lease the Site to a franchisee of Arby's. With respect to any lease of the Site to a franchisee which is an Affiliate of Debtor, such lease shall be subordinate to this Deed of Trust. With respect to any lease of the Site to a franchisee which is not an Affiliate of Debtor, such lease shall also be subordinate to this Deed of Trust but Beneficiary shall deliver to such lessee a non-disturbance agreement in a form reasonably requested by such lessee which provides that notwithstanding that such lease is subordinate to this Deed of Trust that Beneficiary shall not, as a result of Beneficiary exercising its remedies hereunder, disturb lessee's use and occupancy of the Site for so long as lessee performs the terms and conditions of its lease, provided such lease (i) shall not contain terms and conditions which are inconsistent in any material respect with those of this Deed of Trust and shall provide that in the event of a conflict between the terms and conditions of this Deed of Trust and such lease that the terms and conditions of this Deed of Trust shall govern and (ii) shall not relieve Debtor from its obligations under the Deed of Trust or Guarantor from its obligations under the Guaranty.
Restriction on Transfer and Encumbrance. Mortgagor shall not sell, transfer, lease, encumber or convey, voluntarily or involuntarily, all or any part of the Mortgaged Property without the prior written consent of the Mortgagee, which consent may be given or denied in the Mortgagee's sole discretion.
Restriction on Transfer and Encumbrance. The Pledged Assets may not be sold or transferred by the Pledgors (except as permitted under the Common Terms Agreement) or by any other means whatsoever become subject to any Liens (except for those created hereby and those permitted under the Common Terms Agreement) until the termination of this Stock Pledge Agreement pursuant to Section 13 hereof.
