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

AutoNDA by SimpleDocs

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: Term Loan 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: 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: Security Agreement (Ciena Corp)

AutoNDA by SimpleDocs

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

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!