COVENANTS OF DEBTOR. Debtor hereby covenants and agrees as follows: (a) Debtor shall not, without the prior signed written consent of Secured Party, sell, assign, lease, encumber or otherwise dispose of the Collateral, or any part thereof or any interest therein; (b) Debtor shall not, without the prior signed written consent of Secured Party, declare or pay any dividends on its common stock; (c) Debtor shall not do, or permit or suffer to be done, anything that may impair the value of the Collateral or the security intended to be affected hereby and shall use its best efforts to preserve, protect and enhance the value of the Collateral; and (d) Debtor shall from time to time make, execute, acknowledge and deliver all such further documents, instruments and assurances as may be reasonably requested by Secured Party to perfect or preserve the security interest created here and to carry out the intent of this Agreement.
Appears in 12 contracts
Sources: Security Agreement (CRL Team 12, Inc.), Security Agreement (Seattle Emerald Haze, Inc.), Security Agreement (Sin City Bad Babies, Inc.)