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.
Appears in 4 contracts
Samples: Security Agreement (Chiquita Brands International Inc), Security Agreement (Chiquita Brands International Inc), Security Agreement (Chiquita Brands International Inc)
