Common use of Restrictions on Securities Clause in Contracts

Restrictions on Securities. Debtor will not enter into any agreement creating, or otherwise permit to exist, any restriction or condition upon the transfer, voting or control of any securities pledged as Collateral, except as consented to in writing by Secured Party.

Appears in 3 contracts

Samples: Unit Pledge Agreement (Desert Capital Reit Inc), Pledge and Security Agreement (Palm Harbor Homes Inc /Fl/), Loan Agreement (Citizens Inc)

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Restrictions on Securities. Debtor will not not, after the date of this Agreement, enter into any agreement creating, or otherwise permit to exist, creating any restriction or condition upon the transfer, voting or control of any securities pledged as Collateral, except as consented to in writing by Secured Party.

Appears in 3 contracts

Samples: Pledge and Security Agreement, Pledge and Security Agreement (Equus Total Return, Inc.), Pledge and Security Agreement (Equus Ii Inc)

Restrictions on Securities. Debtor will not enter into any agreement creating, or otherwise permit to exist, any restriction or condition upon the transfer, voting or control of any securities pledged as Collateral, except as consented to in writing by Secured Party. As to any securities pledged as collateral, Debtor will not consent to or approve of any stock split, reverse stock split, stock dividend, reclassification, or other similar act or transaction regarding the Interests unless consented to in writing by Secured Party.

Appears in 2 contracts

Samples: Contribution Agreement (Prime Medical Services Inc /Tx/), Assignment and Security Agreement (Prime Medical Services Inc /Tx/)

Restrictions on Securities. Debtor will not enter into any agreement creating, or otherwise permit to exist, any restriction or condition upon the transfer, voting or control of any securities pledged as Collateral, except as consented to in writing by Secured Party. As to any securities pledged as collateral, Debtor will not consent to or approve of any stock split, reverse stock split, stock dividend, reclassification, or other similar act or transaction regarding the Shares unless consented to in writing by Secured Party.

Appears in 1 contract

Samples: Assignment and Security Agreement (Prime Medical Services Inc /Tx/)

Restrictions on Securities. Debtor will not enter into any agreement creating, or otherwise permit to exist, any restriction or condition upon the transfer, voting or control of any securities pledged pledge as Collateral, except as consented to in writing by Secured Party.

Appears in 1 contract

Samples: Assignment and Security Agreement (Exsorbet Industries Inc)

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Restrictions on Securities. Debtor will not enter into any agreement creating, or otherwise permit to exist, any restriction or condition upon the transfer, voting or control of any securities or other equity interests pledged as Collateral, except as consented to in writing by Secured Party.

Appears in 1 contract

Samples: Pledge and Security Agreement (Ascent Assurance Inc)

Restrictions on Securities. Debtor will not enter into any -------------------------- agreement creating, or otherwise permit to exist, any restriction or condition upon the transfer, voting or control of any securities pledged as Collateral, except as consented to in writing by Secured Party.Parties. Each of the following constitutes an "Event of Default" under this Agreement:

Appears in 1 contract

Samples: Pledge Agreement (Aviation Group Inc)

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