Common use of Transfer by Pledgor Clause in Contracts

Transfer by Pledgor. Without the prior written consent of the Company, the Pledgor agrees that he will not sell, assign, transfer, exchange, or otherwise dispose of, or grant any option with respect to, the collateral, nor will he create, incur or permit to exist any pledge, lien, mortgage, hypothecation, security interest, charge, option or any other encumbrance with respect to any of the collateral, or any interest therein, or any proceeds thereof, except for the lien and security interest provided for by this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Cole National Corp /De/), Stock Pledge Agreement (Sinter Metals Inc), Stock Pledge Agreement (Sinter Metals Inc)

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Transfer by Pledgor. Without the prior written consent of the Company, the Pledgor agrees that he will not sell, assign, transfer, exchange, or otherwise dispose of, or grant any option with respect to, the collateralCollateral, nor will he create, incur or permit to exist any pledge, lien, mortgage, hypothecation, security interest, charge, option or any other encumbrance with respect to any of the collateral, or any interest therein, or any proceeds thereof, except for the lien and security interest provided for by this Agreement.

Appears in 1 contract

Samples: Stock Pledge and Security Agreement (Cole National Corp /De/)

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Transfer by Pledgor. Without the prior written consent of the Company, the which consent shall not be unreasonably withheld, Pledgor agrees that he will shall not sell, assign, transfer, exchange, transfer or otherwise dispose of, or grant any option with respect to, the collateral, nor will he create, incur or permit to exist any pledge, lien, mortgage, hypothecation, security interest, charge, option pledge or any other encumbrance with respect to otherwise encumber any of the collateral, Pledged Interest or any interest therein, or any proceeds thereof, except for the lien and security interest provided for by this Agreementthereon.

Appears in 1 contract

Samples: Pledge Agreement (Prospect Global Resources Inc.)

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