Common use of TRANSFER BY THE PLEDGORS Clause in Contracts

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.

Appears in 3 contracts

Samples: Abl Credit Agreement (Ciena Corp), Pledge Agreement (Ciena Corp), Abl Credit Agreement

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TRANSFER BY THE PLEDGORS. Subject to any Applicable the 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.

Appears in 3 contracts

Samples: Security Agreement and Pledge Agreement (Ciena Corp), Credit Agreement (Ciena Corp), Term Loan Pledge Agreement (Ciena Corp)

TRANSFER BY THE PLEDGORS. Subject to any Applicable the Intercreditor Agreement, except as permitted by the terms of the Loan Credit 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.

Appears in 1 contract

Samples: Abl Credit Agreement (Ciena Corp)

TRANSFER BY THE PLEDGORS. Subject to any Applicable the Intercreditor Agreement, except exceptExcept 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.

Appears in 1 contract

Samples: Incremental Amendment Agreement (Ciena Corp)

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TRANSFER BY THE PLEDGORS. Subject to any Applicable the Intercreditor Agreement, except as permitted by the terms of the Loan Credit 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. 18.

Appears in 1 contract

Samples: Pledge Agreement

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