Common use of Shenzhen Equipment Clause in Contracts

Shenzhen Equipment. Seller agrees that neither Seller, Parent or an Affiliate of Seller or Parent will (A) sell, transfer, lease, exchange, assign or otherwise dispose of, or grant any option, warrant or other right with respect to, any of the Shenzhen Equipment other than as required under Section 1.11; or (B) create, incur or suffer to exist any Encumbrance with respect to any Shenzhen Equipment, except for the Liens in favor of Purchaser.

Shenzhen Equipment. Seller agrees that neither Seller, Parent or an Affiliate of Seller or Parent will (A) sell, transfer, lease, exchange, assign or otherwise dispose of, or grant any option, warrant or other right with respect to, any of the Shenzhen Equipment other than as required under Section 1.111.10; or (B) create, incur or suffer to exist any Encumbrance with respect to any Shenzhen Equipment, except for the Liens in favor of Purchaser.