Transfers, Liens and Encumbrances. (a) Sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Pledged Property. (b) Directly or indirectly make, create, incur, assume or permit to exist any Lien in, to or against any part of the Pledged Property other than Permitted Liens.
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Samples: Indemnification Agreement (SRKP 22 Inc), Security Agreement (BBM Holdings, Inc.)
Transfers, Liens and Encumbrances. (a) Sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Pledged Property.
(b) Directly or indirectly make, create, incur, assume or permit to exist any Lien in, to or against any part of the Pledged Property other than Permitted LiensLiens in favor of the Secured Party.
Appears in 2 contracts
Samples: Security Agreement (Homeland Security Capital CORP), Security Agreement (Homeland Security Capital CORP)
Transfers, Liens and Encumbrances. (a) Sell, assign (by operation of law or otherwise), lease, license, exchange or otherwise transfer or dispose of any of the Pledged Property, except as expressly permitted in this Agreement or in the Intellectual Property Security Agreement of even date herewith executed and delivered by the Grantor to the Secured Party.
(b) Directly or indirectly make, create, incur, assume or permit to exist any Lien in, to or against any part of the Pledged Property other than Permitted LiensProperty.
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