Security over Shares. No Shareholder may grant a security over or pledge their shares without the consent of all the Shareholders. A condition of consent may be a requirement that the securityholder signs a Deed agreeing to abide by the terms of this Agreement.
Security over Shares. (A) Notwithstanding clause 14.1, each Shareholder shall, at any time, be permitted to create or permit to subsist any pledge, charge, mortgage, lien or other security interest or encumbrance (a “Relevant Security Interest”) over all (but not some only) of the Shares held by that Shareholder or any member of its Group in favour of one or more financial institutions in connection with any arm’s length financing provided by such financial institution(s) to the Shareholder’s Group (each, a “Relevant Securityholder”) provided that:
Security over Shares. 2.1 For good and valuable consideration, the receipt, sufficiency and adequacy of which consideration is hereby acknowledged, upon the execution of this Agreement, the Chargor by this Agreement charges and agrees to charge by way of first fixed charge the Charged Shares, and (ii) the Chargor by this Agreement charges and agrees to charge by way of first fixed charge any Dividends, allotments, accretions, offers, interests, stocks, shares, rights, titles, monies and other properties (including without limitation, by way of share split, share combination or other similar event) referred to in Section 2.4 hereunder to which the Chargor or its nominees are or may hereafter become entitled to receive on account of the Charged Shares (all such rights together with the Charged Shares being collectively referred to herein as the “Charged Assets”) to the Chargee as a continuing security for the full and punctual performance of the Secured Obligations.
Security over Shares. Agreement relating to the shares in iPcenta Limited granted by CompleTel UK Limited in favour of the Security Agent duly executed by the parties thereto and evidence of the removal of any restrictions on the transfer of shares in the articles of iPcenta Limited.
Security over Shares. Each of the Shareholders represents and warrants to the other that no security has been granted over the Shares held by it.
Security over Shares. Unless with the prior written consent of all Shareholders, no Shareholder shall be entitled during the term of this Agreement to create any Encumbrance on or with respect to any of its Shares, or its interest in any of its Shares.
