Common use of Additional Security Interests Clause in Contracts

Additional Security Interests. Pledgor agrees not (1) to sell or otherwise dispose of, or grant any option with respect to, any of the Pledged Shares, (2) to create or permit to exist any security interest upon or with respect to any of the Pledged Shares, except for the security interest created by this Agreement, or (3) to enter into any other contractual obligations which may restrict or inhibit Pledgee's right or ability to sell or otherwise dispose of the Pledged Shares or any part thereof after the occurrence of an Event of Default.

Appears in 1 contract

Sources: Stock Pledge Agreement (Mt Ultimate Healthcare Corp)

Additional Security Interests. Pledgor agrees that it will not (1i) to sell or otherwise dispose of, or grant any option with respect to, any of the Pledged Shares, (2ii) to create or permit to exist any security interest Security Interest upon or with respect to any of the Pledged Shares, except for the security interest Security Interest created by this Agreement, or (3iii) to enter into any other contractual obligations which may restrict or inhibit Pledgee's right or ability to sell or otherwise dispose of the Pledged Shares or any part thereof after the occurrence of an Event of Defaulta Default hereunder.

Appears in 1 contract

Sources: Stock Pledge Agreement (Centene Corp)

Additional Security Interests. Pledgor agrees that it will not (1i) to sell or otherwise dispose of, or grant any option with respect to, any of the Pledged Shares, (2ii) to create or permit to exist any security interest upon or with respect to any of the Pledged Shares, except for the security interest created by this Agreement, or (3iii) to enter into any other contractual obligations which may restrict or inhibit Pledgee's right or ability to sell or otherwise dispose of the Pledged Shares or any part thereof after the occurrence of an Event of Defaulta Default hereunder.

Appears in 1 contract

Sources: Acquisition Agreement (Exchange National Bancshares Inc)