Transfers and Liens. Executive will not (i) grant any option with respect to any of the Pledged Collateral, or (ii) create or permit to exist any lien, security interest, or other charge or encumbrance upon or with respect to any of the Pledged Collateral.
Transfers and Liens. Xxxxxxx agrees that he will not (i) sell or otherwise ------------------- dispose of, or grant any option with respect to, any of the Pledged Collateral without the prior written consent of the Company; or (ii) voluntarily create any lien upon or with respect to any of the Pledged Collateral, except for the security interest under this Agreement.
Transfers and Liens. Except in connection with the Libertyville Loans, sell, transfer, mortgage, assign, pledge, lease, grant a Security Interest in, or create, suffer or permit any encumbrance of, any of Borrower's assets (other than the sale of inventory by Borrower in the ordinary course of business).
Transfers and Liens. 2.6.1 Infineum, and any permitted successor hereunder (for the purpose of this Article 2.6: “Infineum Owner”), may transfer all but not part of its interest in the Facilities to its respective Affiliate without the consent of Shell Owner. Any other proposed sale, lease or other conveyance or transfer of all or any part of Infineum Owner’s interest in the Facilities shall require the prior written approval of Shell Owner, which approval shall not be withheld, unless the proposed transferee is not sufficiently financially sound to perform its obligations under this Agreement, or the proposed transferee does not possess the minimum technical ability to perform this Agreement; provided, however, if the proposed transfer is for less than all of the interest of Infineum Owner in the Facilities, then such consent may be withheld in Shell Owner’s sole discretion. At the request of Infineum Owner at any time, Shell Owner will agree to be reasonable in negotiating “qualified transferee” criteria for automatic approval of transferees of Infineum Owner meeting specified standards.
2.6.2 Shell, and any permitted successor hereunder (for the purpose of this Article 2.6: “Shell Owner”), may transfer all but not part of its interest in the Facilities to its respective Affiliate without the prior consent of Infineum Owner. Shell (or its Affiliate) shall also have a one-time right to transfer all but not part of its interest in the Facilities to any successor to the world-wide elastomers business of Shell and its Affiliates without the prior consent of Infineum Owner. Any other proposed sale, lease or other conveyance or transfer of all or any part of Shell Owner’s interest in the Facilities shall require the prior written approval of Infineum Owner, which approval shall not be withheld, unless the proposed transferee is not sufficiently financially sound to perform its obligations under this Agreement, or the proposed transferee does not possess the minimum technical ability to perform this Agreement; provided, however, if the proposed transferee (i) does not have the right to use the patents, know-how, trade secrets and other intellectual property rights as are necessary for the proper operation of the Facilities, or (ii) does not acquire all of Shell Owner’s interest in the Facilities, then such consent may be withheld in Infineum Owner’s sole discretion. At the request of Shell Owner at any time, Infineum Owner will agree to be reasonable in negotiating “qualified trans...
Transfers and Liens. Chargor agrees that it will not, except as expressly permitted in the Transaction Documents,
Transfers and Liens. Pledgor will not (i) sell or otherwise dispose of, or grant any option with respect to, any of the Pledged Shares, or (ii) create or permit to exist any lien, security interest, or other charge or encumbrance upon or with respect to any of the Pledged Shares other than the security interest, pledges and liens granted by Pledgor hereunder and pursuant to the Loan Documents.
Transfers and Liens. (a) Except as provided in this Article IV, no Party may Transfer any or all of its Securities to, or create or permit any Lien on any Securities in favor of, any Person.
(b) Notwithstanding Section 4.04, a Shareholder may Transfer any or all of its Securities to a Permitted Transferee at any time without compliance with Sections 4.05, 4.06 or 4.07; provided, that such -------- Permitted Transferee executes an Endorsement, in accordance with Section 4.09 hereof, at the time of such Transfer.
(c) Notwithstanding anything to the contrary contained herein, no Party may Transfer (or permit the Transfer of) any Securities to, or create or permit a Lien upon any Securities in favor of, any Person (including, without limitation, any Permitted Transferee) who is a Direct Competitor.
(d) Notwithstanding Section 4.04, Eco Telecom (or any Controlled Affiliate of Eco Telecom) may Transfer any or all of its Securities to Telenor or a Controlled Affiliate of Telenor ASA in accordance with the terms of the Option Agreement at any time without compliance with Sections 4.05, 4.06 or 4.07; provided, that Telenor (or any such -------- Controlled Affiliate of Telenor ASA) executes an Endorsement in accordance with Section 4.09 hereof.
(e) Until the earlier to occur of the second anniversary of the First Closing or an Eco Telecom Contribution Default, VIP shall not Transfer to any Person other than a Permitted Transferee any Voting Securities which it now owns or which it hereafter acquires.
(f) Notwithstanding anything to the contrary contained herein, Eco Telecom shall not Transfer (including any Transfer pursuant to any co- sale rights under this Article IV), or permit the Transfer of, any shares of Preferred Stock to, or create or permit a Lien upon any shares of Preferred Stock in favor of, any Person, except that any Transfer required by Eco Telecom pursuant to the terms of the Preferred Stock Purchase Agreement or the Primary Agreement shall be expressly permitted hereunder and shall be an express obligation of Eco Telecom hereunder.
Transfers and Liens. Sell, transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of the Collateral. Borrower further agrees not to create or grant to any person, except Lender, any lien, security interest, encumbrance, cloud on title, mortgage, pledge or similar interest in any of the Collateral, even in the ordinary course of Borrower's business. Borrower further agrees not to sell, convey, grant, lease, give, contribute, assign, or otherwise transfer any of the Collateral.
Transfers and Liens. Except as otherwise permitted by the Loan Agreement, each Account Party agrees that it will not (i) sell or otherwise dispose of any of the Funds or (ii) create or permit to exist any lien upon or with respect to all or any of the Funds, except for the lien granted to Agent under this Agreement.
Transfers and Liens. Pledgor agrees that he will not (i) sell or otherwise dispose of, or grant any option with respect to, any of the Pledged Collateral without the prior written consent of the Company; or (ii) create or permit to exist any lien upon or with respect to any of the Pledged Collateral, except for the security interest under this Agreement and any other restrictions set forth or referenced in the Non-Qualified Stock Option Agreement.
