Common use of Transfer and Other Liens Clause in Contracts

Transfer and Other Liens. (i) Not to sell or contract to sell or otherwise dispose of, or grant any option or warrant with respect to, the Collateral, (ii) to keep the Collateral free of all levies and security interests or other Liens or charges except those approved in writing by the Required Creditors in accordance with the Debt Documents and the Restructure Documents, and (iii) not to consent to the issuance of any stock or other securities in addition to or in substitution for the Pledged Securities except to the Pledgor which shall become Pledged Securities hereunder;

Appears in 2 contracts

Samples: Subsidiaries Pledge Agreement (National Golf Properties Inc), Majority Owned Subsidiaries Pledge Agreement (National Golf Properties Inc)

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Transfer and Other Liens. (i) Not to sell or contract to sell or otherwise dispose of, or grant any option or warrant with respect to, the Collateral, Collateral and (ii) to keep the Collateral free of all levies and security interests or other Liens or charges except those approved in writing by the Required Creditors Purchasers in accordance with the Debt Documents and the Restructure Documents, and (iii) not to consent to the issuance of any stock or other securities in addition to or each case, except as otherwise provided in substitution for the Pledged Securities except to the Pledgor which shall become Pledged Securities hereunderthis Pledge Agreement;

Appears in 2 contracts

Samples: Stock and Partnership Interest Pledge Agreement (National Golf Properties Inc), Stock and Partnership Interest Pledge Agreement (National Golf Properties Inc)

Transfer and Other Liens. (i) Not to sell or contract to sell or otherwise dispose of, or grant any option or warrant with respect to, the Collateral, Collateral and (ii) to keep the Collateral free of all levies and security interests or other Liens or charges except those approved in writing by the Required Creditors in accordance with the Debt Documents and the Restructure Documents, and (iii) not to consent to the issuance of any stock or other securities in addition to or each case, except as otherwise provided in substitution for the Pledged Securities except to the Pledgor which shall become Pledged Securities hereunderthis Pledge Agreement;

Appears in 1 contract

Samples: Stock and Partnership Interest Pledge Agreement (National Golf Properties Inc)

Transfer and Other Liens. (i) Not to sell or contract to sell or otherwise dispose of, or grant any option option, warrant or warrant other right with respect to, the Collateral, Collateral and (ii) to keep the Collateral free of all levies and security interests or other Liens or charges except those approved in writing by the Required Creditors Lender, except as otherwise provided in accordance with the Debt Documents and the Restructure Documents, and (iii) not to consent to the issuance of any stock or other securities in addition to or in substitution for the Pledged Securities except to the Pledgor which shall become Pledged Securities hereunderthis Pledge Agreement;

Appears in 1 contract

Samples: Partnership Interest Pledge Agreement (National Golf Properties Inc)

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Transfer and Other Liens. (i) Not to sell or contract to sell or otherwise dispose of, or grant any option option, warrant or warrant other right with respect to, the Collateral, Collateral and (ii) to keep the Collateral free of all levies and security interests or other Liens or charges except those approved in writing by the Required Creditors Lender in accordance with the Debt Documents and the Restructure Loan Documents, and (iii) not to consent to the issuance of any stock or other securities in addition to or each case, except as otherwise provided in substitution for the Pledged Securities except to the Pledgor which shall become Pledged Securities hereunderthis Pledge Agreement;

Appears in 1 contract

Samples: Partnership Interest Pledge Agreement (National Golf Properties Inc)

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