Common use of Transfer or Encumbrance Clause in Contracts

Transfer or Encumbrance. Pledgor will not sell, assign (by operation of law or otherwise), transfer, exchange, lease or otherwise dispose of any of the Collateral, nor will Pledgor grant a Lien upon or file or record any financing statement or other xxxxxxxxxxxn with respect to the Collateral (other than in connection with Permitted Subordinate Liens), nor will Pledgor allow any such Lien, financing statement, or other registration to exist (other than in connection with Permitted Subordinate Liens) or deliver actual or constructive possession of the Collateral to any other Person.

Appears in 2 contracts

Samples: Credit Agreement (Quest Resource Corp), Pledge Agreement (Quest Resource Corp)

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Transfer or Encumbrance. Pledgor will not sell, assign (by operation of law or otherwise), transfer, exchange, lease or otherwise dispose of any of the Collateral, nor will Pledgor grant a Lien upon granx x Xxxx xxxn or execute, file or record any financing statement or other xxxxxxxxxxxn registration with respect to the Collateral (other than in connection with Permitted Subordinate Liens)Collateral, nor will Pledgor allow any such Lien, financing statement, or other registration to exist (other than in connection with Permitted Subordinate Liens) or deliver actual or constructive possession of the Collateral to any other PersonPerson other than Liens in favor of Pledgee.

Appears in 2 contracts

Samples: Pledge Agreement (Encore Acquisition Co), Credit Agreement (Exco Resources Inc)

Transfer or Encumbrance. Pledgor will not sell, assign (by operation of law or otherwise), transfer, exchange, lease or otherwise dispose of any of the Collateral, nor will Pledgor grant a Lien upon or file or record any financing statement or other xxxxxxxxxxxn xxxxxxxxxxxx with respect to the Collateral (other than in connection with Permitted Subordinate Liens)Collateral, nor will Pledgor allow any such Lien, financing statement, or other registration to exist (other than in connection with Permitted Subordinate Liens) or deliver actual or constructive possession of the Collateral to any other Person.

Appears in 2 contracts

Samples: Pledge Agreement (Quest Resource Corp), Credit Agreement (Quest Resource Corp)

Transfer or Encumbrance. Pledgor will not sell, assign (by operation of law or otherwise), transfer, exchange, lease or otherwise dispose of any of the Collateral, nor will Pledgor grant a Lien upon granx x Xxxx xxxn or execute, file or record any financing statement or other xxxxxxxxxxxn registration with respect to the Collateral (other than in connection with Permitted Subordinate Liensthe security interests created by this Agreement), nor will Pledgor allow any such Lien, financing statement, or other registration to exist (other than in connection with Permitted Subordinate Liens) or deliver actual or constructive possession of the Collateral to any other PersonPerson other than Liens in favor of Pledgee.

Appears in 1 contract

Samples: Credit Agreement (Prize Energy Corp)

Transfer or Encumbrance. Pledgor will not sell, assign (by operation of law or otherwise), transfer, exchange, lease or otherwise dispose of any of the Collateral, nor will Pledgor grant a Lien upon granx x Xxxx xxxn or execute, file or record any financing statement or other xxxxxxxxxxxn registration with respect to the Collateral (other than in connection with Permitted Subordinate Liens)Collateral, nor will Pledgor allow any such Lien, financing statement, or other registration to exist (other than in connection with Permitted Subordinate Liens) or deliver actual or constructive possession of the Collateral to any other Person, other than Liens in favor of Secured Party.

Appears in 1 contract

Samples: Pledge Agreement (Future Petroleum Corp/Ut/)

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Transfer or Encumbrance. Pledgor will not sell, assign (by operation of law or otherwise), transfer, exchange, lease or otherwise dispose of any of the Collateral, nor will Pledgor grant a Lien xxxxx x Xxxx upon or execute, file or record any financing statement or other xxxxxxxxxxxn registration with respect to the Collateral (other than in connection with Permitted Subordinate Liens)Collateral, nor will Pledgor allow any such Lien, financing statement, or other registration to exist (other than in connection with Permitted Subordinate Liens) or deliver actual or constructive possession of the Collateral to any other PersonPerson other than Liens in favor of Pledgee.

Appears in 1 contract

Samples: Credit Agreement (Quicksilver Resources Inc)

Transfer or Encumbrance. Pledgor will not sell, assign (by operation of law or otherwise), transfer, exchange, lease or otherwise dispose of any of the Collateral, nor will Pledgor grant a Lien xxxxx x xxxx upon or execute, file or record any financing statement or other xxxxxxxxxxxn registration with respect to the Collateral (other than in connection with Permitted Subordinate Liens)Collateral, nor will Pledgor allow any such Lienlien, financing statement, or other registration to exist (other than in connection with Permitted Subordinate Liens) or deliver actual or constructive possession of the Collateral to any other Personperson other than liens in favor of Pledgee.

Appears in 1 contract

Samples: Pledge Agreement (Boyle Fleming & Co Inc)

Transfer or Encumbrance. Except as expressly permitted by the Credit Agreement, Pledgor will not sell, assign (by operation of law or otherwise), transfer, exchange, lease or otherwise dispose of any of the Collateral, nor will Pledgor grant a Lien xxxxx x Xxxx upon or execute, file or record any financing statement or other xxxxxxxxxxxn registration with respect to the Collateral (other than in connection with Permitted Subordinate Liensthe security interests created by this Agreement), nor will Pledgor allow any such Lien, financing statement, or other registration to exist (other than in connection with Permitted Subordinate Liens) or deliver actual or constructive possession of the Collateral to any other PersonPerson other than Liens in favor of Pledgee.

Appears in 1 contract

Samples: Credit Agreement (Denbury Resources Inc)

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