TRANSFER BY THE PLEDGORS. No Pledgor will sell or otherwise dispose of, grant any option with respect to, or mortgage, pledge or otherwise encumber any of the Collateral or any interest therein (except as may be permitted in accordance with the terms of the Credit Agreement).
TRANSFER BY THE PLEDGORS. Except as permitted (i) prior to the date all Credit Document Obligations have been paid in full and all Commitments under the Credit Agreement have been terminated, pursuant to the Credit Agreement, and (ii) thereafter, pursuant to the other Secured Debt Agreements, no Pledgor will sell or otherwise dispose of, grant any option with respect to, or mortgage, pledge or otherwise encumber any of the Collateral or any interest therein.
TRANSFER BY THE PLEDGORS. Subject to any Applicable Intercreditor Agreement, except as permitted by the terms of the Loan Documents prior to the Termination Date, no Pledgor will sell or otherwise dispose of, grant any option with respect to, or mortgage, pledge or otherwise encumber any of the Collateral or any interest therein.
TRANSFER BY THE PLEDGORS. Except as permitted (i) prior to the date all Secured Obligations have been paid in full and (ii) thereafter, pursuant to the other Secured Documents, no Pledgor will sell or otherwise dispose of, grant any option with respect to, or mortgage, pledge or otherwise encumber any of the Collateral or any interest therein.
TRANSFER BY THE PLEDGORS. Except as permitted (i) prior to the Credit Document Obligations Termination Date, pursuant to the Credit Agreement, (ii) thereafter and prior to the TL Obligations Termination Date, pursuant to the other TL Secured Financing Documents, and (iii) thereafter, pursuant to the Intermediate Holdco Credit Documents, no Pledgor will sell or otherwise dispose of, grant any option with respect to, or mortgage, pledge or otherwise encumber any of the Collateral or any interest therein.
TRANSFER BY THE PLEDGORS. No Pledgor will sell or otherwise dispose of, grant any option with respect to, or mortgage, pledge or otherwise encumber any of the Collateral or any interest therein (except in accordance with the terms of this Agreement and the other Secured Debt Agreements); provided that Holdings may sell, transfer or otherwise dispose of (by dividend, contribution or otherwise) any capital stock or other equity interests (or interests therein) held by Holdings in an Unrestricted Subsidiary or any other foreign Person that is not a Subsidiary of the Borrower constituting Collateral, so long as (i) no Default or Event of Default is continuing and (ii) the Administrative Agent and Collateral Agent have received a certificate, in form and substance reasonably satisfactory to the Administrative Agent, signed by a Responsible Officer of Holdings certifying that such Collateral is being sold, transferred or otherwise disposed of by Holdings for a business purpose (including, without limitation, that it is being pledged in connection with local financing, sold (in whole or in part), liquidated, exchanged or contributed to a joint venture).
TRANSFER BY THE PLEDGORS. Except as permitted (i) prior to the date all Credit Document Obligations have been paid in full and all Commitments under the Third-Lien Credit Agreement have been terminated, pursuant to the Third-Lien Credit Agreement, and (ii) thereafter, pursuant to the other Secured Debt Agreements, the Pledgor will not sell or otherwise dispose of, grant any option with respect to, or mortgage, pledge or otherwise encumber any of the Collateral or any interest therein.
TRANSFER BY THE PLEDGORS. (a) Except as permitted pursuant to the Credit Agreement, prior to the date all Obligations have been paid in full and all Commitments under the Credit Agreement have been terminated, no Pledgor will sell or otherwise dispose of, grant any option with respect to, or mortgage, pledge or otherwise encumber any of the Collateral or any interest therein.
(b) Notwithstanding anything to the contrary contained in the Cash Collateral Agreements, the Borrower shall not request the release of Existing Collateral from the Accounts (under and as defined in each Cash Collateral Agreement) until the Termination Date (defined below) has occurred.
TRANSFER BY THE PLEDGORS. Except as permitted (i) prior to the date all DIP Credit Document Obligations have been paid in full and all Commitments under the DIP Credit Agreement have been terminated, pursuant to the DIP Credit Agreement, and (ii) thereafter, pursuant to the other Secured Debt Agreements, no Pledgor will sell or otherwise dispose of, grant any option with respect to, or mortgage, pledge or otherwise encumber any of the Collateral or any interest therein.
TRANSFER BY THE PLEDGORS. Except in accordance with Section 2.1 of this Pledge Agreement or as otherwise permitted by the Agreements, the Pledgors will not sell or otherwise dispose of, grant any option with respect to, or mortgage, pledge or otherwise encumber any of the Collateral or any interest therein or consent to or approve the issuance: of any additional shares of any class of capital stock of Saddlery; or any securities convertible voluntarily by the holder thereof or automatically upon the occurrence or nonoccurrence of any event or condition into, or exchangeable for, any such shares; or any warrants, options, rights, or other commitments entitling any person to purchase or otherwise acquire any such shares. Notwithstanding the foregoing, a Seller may sell or transfer the Stock owned by it to a person who agrees in a writing, satisfactory in form and substance to the Pledgee, to become a party hereto and to succeed to the rights and to be bound by all of the obligations of such Seller hereunder. In the case of any such sale or transfer by a Seller, such Seller will notify the Pledgee at least 10 days prior to the date of such intended sale or transfer.
