Common use of Transfers and Other Liens; Additional Shares Clause in Contracts

Transfers and Other Liens; Additional Shares. (a) Except as expressly permitted by the Term Loan Agreement, the Pledgor shall not (i) sell, assign (by operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, any of the Collateral if the same would constitute a Change in Control, or (ii) create or permit to exist any lien, security interest, option or other charge or encumbrance upon or with respect to any of the Collateral, except for the security interest under this Pledge Agreement.

Appears in 2 contracts

Samples: Security Agreement (ONE Group Hospitality, Inc.), Security Agreement (ONE Group Hospitality, Inc.)

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Transfers and Other Liens; Additional Shares. (a) Except as expressly permitted by the Term Loan Agreement, the Each Pledgor shall agrees that it will not (i) sell, assign (by operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, any of the Collateral if Collateral, other than sales, assignments and other dispositions of Collateral, and options relating to Collateral, permitted under the same would constitute a Change in Controlterms of the Secured Agreements, or (ii) create or permit suffer to exist any lien, security interest, option or other charge or encumbrance Lien upon or with respect to any of the CollateralCollateral of such Pledgor, except for the pledge, assignment and security interest created under this Pledge AgreementAgreement and Liens permitted under the Secured Agreements.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Us Industries Inc /De), Pledge and Security Agreement (Us Industries Inc /De)

Transfers and Other Liens; Additional Shares. (a) Except as expressly permitted by the Term Loan AgreementAgreements, the Pledgor shall not (i) sell, assign (by operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, any of the Collateral if the same would constitute a Change in ControlCollateral, or (ii) create or permit to exist any lien, security interest, option or other charge or encumbrance upon or with respect to any of the Collateral, except for the security interest under this Pledge Agreement.

Appears in 1 contract

Samples: Pledge Agreement (ONE Group Hospitality, Inc.)

Transfers and Other Liens; Additional Shares. (a) Except as expressly permitted by the Term Loan Agreement, the The Pledgor shall agrees not (i) to sell, assign (by operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, any of the Collateral if the same would constitute a Change in Control, or (ii) to create or permit suffer to exist any lien, security interest, option or other charge or encumbrance Lien upon or with respect to any of the Collateral, except for the pledge, assignment and security interest under created by this Pledge Agreement.

Appears in 1 contract

Samples: Holdings Pledge Agreement (Fitness Holdings Inc)

Transfers and Other Liens; Additional Shares. (a) Except as expressly permitted by the Term Loan Agreement, the Each Pledgor shall agrees that it will not (i) sell, assign (by operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, any of the Collateral if Collateral, other than sales, assignments and other dispositions of Collateral, and options relating to Collateral, permitted under the same would constitute a Change in Control, terms of the Credit Agreement or (ii) create or permit suffer to exist any lien, security interest, option or other charge or encumbrance Lien upon or with respect to any of the Collateral, Collateral of such Pledgor except for the pledge, assignment and security interest created under this Pledge AgreementAgreement and Liens permitted under the Loan Documents.

Appears in 1 contract

Samples: Domestic Pledge Agreement (Sensata Technologies B.V.)

Transfers and Other Liens; Additional Shares. (a) Except as expressly permitted by the Term Loan Agreement, the Pledgor shall agrees not (i) to sell, assign (by operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, any of the Collateral if the same would constitute a Change except as permitted in ControlSection 7, or (ii) to create or permit suffer to exist any lien, pledge, security interest, option interest or other charge or encumbrance upon or with respect to any of the Collateral, Collateral except for the pledge, assignment and security interest created under this Pledge Agreement.

Appears in 1 contract

Samples: Pledge and Security Agreement (Sneaker Guarantee LLC)

Transfers and Other Liens; Additional Shares. (a) Except as expressly permitted by the Term Loan Agreement, the Pledgor The Pledgors shall not not: (i) sell, assign (by agreement, operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, any of the Pledged Collateral if except for transfers to other Pledgors or other wholly owned Subsidiaries of Pledgors which agree to be bound by the same would constitute a Change in Control, terms hereof or (ii) create or permit to exist any lien, security interest, option or other charge or encumbrance Lien upon or with respect to any of the Pledged Collateral, except for the security interest Permitted Liens and other liens permitted under this Pledge the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Group Maintenance America Corp)

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Transfers and Other Liens; Additional Shares. (a) Except as expressly permitted by the Term Loan AgreementAgreements, the Pledgor shall not (i) sell, assign (by operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, any of the Collateral if the same would constitute a Change in Control, or (ii) create or permit to exist any lien, security interest, option or other charge or encumbrance upon or with respect to any of the Collateral, except for the security interest under this Pledge Agreement.

Appears in 1 contract

Samples: Pledge Agreement (ONE Group Hospitality, Inc.)

Transfers and Other Liens; Additional Shares. (a) Except as expressly permitted by the Term Loan Agreement, the The Pledgor shall agrees that it will not (i) sell, assign (by operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, any of the Collateral if the same would constitute a Change in ControlPledged Collateral, or (ii) create or permit to exist any lien, security interest, option or other charge or encumbrance upon or with respect to any of the Pledged Collateral, except for the security interest under this Pledge AgreementAgreement (or arising under the Partnership Agreements).

Appears in 1 contract

Samples: Pledge Agreement (Presley Companies /De)

Transfers and Other Liens; Additional Shares. (a) Except as expressly permitted by the Term Loan Agreement, the Each Pledgor shall agrees that it will not (i) sell, assign (by operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, any of the Collateral if Collateral, other than sales, assignments and other dispositions of Collateral, and options relating to Collateral, permitted under the same would constitute a Change in Controlterms of the Credit Agreement, or (ii) create or permit suffer to exist any lien, security interest, option or other charge or encumbrance Lien upon or with respect to any of the Collateral, Collateral of such Pledgor except for the pledge, assignment and security interest created under this Pledge AgreementAgreement and Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Cracker Barrel Old Country Store, Inc)

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