Transfers and Other Liens; Additional Interests. Pledgor agrees, so long as any of the Obligations are outstanding, not to:
Transfers and Other Liens; Additional Interests. 8.01. Each Pledgor agrees that it will not (a) sell or otherwise dispose of, or grant any option with respect to, any of the Pledged Collateral, in violation of the Credit Agreement or this Pledge Agreement without the prior written consent of the Collateral Agent and the requisite Lenders required by the Credit Agreement, (b) create or permit to exist any Lien or encumbrance upon or with respect to any of the Pledged Collateral in violation of the Credit Agreement or this Pledge Agreement, or (c) enter into any agreement or understanding that purports to or may restrict or inhibit the rights or remedies of the Collateral Agent and the other Secured Parties hereunder, including the right of the Collateral Agent and the other Secured Parties to sell or otherwise dispose of the Pledged Collateral.
Transfers and Other Liens; Additional Interests. The Pledgor hereby agrees that it will not (i) sell or otherwise transfer or dispose of, or grant any interest in or 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, except for the security interests under this Agreement and if allowed pursuant to the terms of the Credit Agreement.
Transfers and Other Liens; Additional Interests. Pledgor agrees that he will not (i) except as expressly provided in the Purchase Agreement, sell, assign, transfer, convey, exchange, pledge or otherwise dispose of, or grant any option, warrant, right, contract or commitment with respect to, any of the Pledged Collateral without the prior written consent of Pledgee, or (ii) create or permit to exist any lien, security interest, pledge, proxy, purchase arrangement, restriction, redemption agreements, shareholders’ agreement or other charge or encumbrance upon or with respect to any of the Pledged Collateral, except for the lien created by this Agreement; provided, however, that upon issuance of the Mandatory Conversion Shares or payment of the Note, Pledgor shall assign this Agreement and Pledgee covenants and agrees to deliver the Pledged Collateral to ExWorks Capital Fund I, L.P. (“ExWorks”) as additional collateral under the Loan and Security Agreement among Pledgor and all of its direct and indirect subsidiaries, as Borrowers, and ExWorks as Lender, as the same may be amended or supplemented from time to time.
Transfers and Other Liens; Additional Interests. (a) Pledgor hereby agrees that it will not (i) sell or otherwise transfer or dispose of, or grant any interest in or 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, except for (x) sales permitted pursuant to Section 14(a)(10) of the Loan Agreement, (y) the security interests granted under this Agreement or (z) Permitted Liens.
Transfers and Other Liens; Additional Interests. Subject to the provisions of the Intercreditor Agreement, dated as of the date hereof (the "INTERCREDITOR AGREEMENT"), between Lender and Vornado: (a) Pledgor hereby agrees that it will not (i) sell or otherwise transfer or dispose of, or grant any interest in or option with respect to, any of the Pledged Collateral, except to Vornado PS, L.L.C. ("VORNADO") as permitted under the Intercreditor Agreement, 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, except for the security interest of Vornado as permitted under the Intercreditor Agreement, and except for the security interests under this Agreement or as permitted by Section 3.08 of the Credit Agreement,.
Transfers and Other Liens; Additional Interests. (a) The Pledgor hereby agrees that it will not (i) sell or otherwise transfer or dispose of, or grant any interest in or 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 (other than as set forth under the PFLP Negative Pledge, provided, that the PFLP Negative Pledge in no way shall restrict the rights and remedies of the Lender granted hereunder or under the Pledge Agreement with respect to such Collateral) upon or with respect to any of the Pledged Collateral, except for the security interests under this Agreement.
Transfers and Other Liens; Additional Interests. Except as provided in Section 3.11 of the Purchase Agreement, Pledgor shall not (a) sell or otherwise dispose of, or grant any option with respect to, any of the Collateral without the written consent of Pledgees, which consent may be withheld in Pledgees' sole and absolute discretion; (b) create or permit to exist any superior lien, security interest, or other charge or encumbrance upon or with respect to any of the Collateral, except for the security interest under this Agreement; or (c) re-title any of all of the Collateral other than in the name of Pledgor without the consent of Pledgees, which consent may be withheld in Pledgees' sole and absolute discretion other than in accordance with a transfer or assignment compliant with the terms of Section 3.11 of the Purchase Agreement.
Transfers and Other Liens; Additional Interests. Pledgor agrees that it will not (i) except as expressly provided in the Loan Agreement, sell, assign, transfer, convey, exchange, pledge or otherwise dispose of, or grant any option, warrant, right, contract or commitment with respect to, any of the Pledged Collateral without the prior written consent of Lender, or (ii) create or permit to exist any lien, security interest, pledge, proxy, purchase arrangement, restriction, redemption agreements, shareholders’ agreement or other charge or encumbrance upon or with respect to any of the Pledged Collateral, except for the lien created by this Agreement and Permitted Liens.
Transfers and Other Liens; Additional Interests. Pledgor agrees, so long as any of the Obligations are outstanding, not to assign, transfer or convey any of its right, title and interest in any Pledged Collateral or create or suffer to be created any mortgage, pledge, security interest, encumbrance or other lien on any Pledged Collateral.
