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.
Appears in 12 contracts
Samples: Stock Purchase and Loan Agreement (Miix Group Inc), Stock Purchase and Loan Agreement (Miix Group Inc), Stock Purchase and Loan Agreement (Miix Group Inc)
Transfers and Liens. Executive will not (ia) grant any option with respect to any of the Pledged Collateral, Collateral or (iib) create or permit to exist any lien, security interest, or other charge or encumbrance upon or with respect to any of the Pledged Collateral.
Appears in 2 contracts
Samples: Stock Purchase, Loan and Security Agreement (Water Chef Inc), Stock Purchase, Loan and Security Agreement (Water Chef Inc)
