Covenants of Pledgor. Pledgor shall: 7.1 Perform each and every covenant in the Credit Documents applicable to Pledgor; 7.2 Neither change its jurisdiction of organization nor cease to be a Registered Organization, in each case, without giving Secured Party at least thirty (30) days prior written notice thereof; 7.3 To the extent it may lawfully do so, use its best efforts to prevent the Issuers from issuing Future Rights or Proceeds, except for cash dividends and other distributions to be paid by any Issuer to Pledgor; and 7.4 Upon receipt by Pledgor of any material notice, report, or other communication from any of the Issuers or any Holder relating to all or any part of the Collateral, deliver such notice, report or other communication to Secured Party as soon as possible, but in no event later than five (5) days following the receipt thereof by Pledgor.
Appears in 2 contracts
Sources: Pledge Agreement (Tri-S Security Corp), Pledge Agreement (Tri-S Security Corp)
Covenants of Pledgor. Pledgor shall:
7.1 (a) Perform each and every covenant in the Credit Documents applicable to Pledgor;
7.2 (b) Neither change its jurisdiction of organization nor cease to be a Registered Organization, in each case, without giving Secured Party at least thirty fifteen (3015) days prior written notice thereof;
7.3 (c) To the extent it may lawfully do so, use its best efforts to prevent the Issuers from issuing Future Rights or Proceeds, except for cash dividends and other distributions to be paid by any Issuer to Pledgor; and
7.4 (d) Upon receipt by Pledgor of any material notice, report, or other communication from any of the Issuers or any Holder relating to all or any part of the Collateral, deliver such notice, report or other communication to Secured Party as soon as possible, but in no event later than five (5) days following the receipt thereof by Pledgor.
Appears in 2 contracts
Sources: Pledge Agreement (QC Holdings, Inc.), Pledge Agreement (QC Holdings, Inc.)
Covenants of Pledgor. Each Pledgor shall:
7.1 (a) Perform each and every covenant in the Credit Fundamental Documents applicable to such Pledgor;
7.2 (b) Neither change its jurisdiction of organization nor cease to be a Registered Organization, in each case, without giving Secured Party at least thirty (30) days prior written notice thereof;
7.3 (c) To the extent it may lawfully do so, use its best efforts to prevent the Issuers from issuing Future Rights or Proceeds, except for cash dividends and other distributions to be paid by any Issuer to Pledgor; and
7.4 (d) Upon receipt by Pledgor of any material notice, report, or other communication from any of the Issuers or any Holder relating to all or any part of the Collateral, deliver such notice, report or other communication to Secured Party as soon as possible, but in no event later than five (5) days following the receipt thereof by Pledgor.
Appears in 1 contract
Covenants of Pledgor. Pledgor shall:: --------------------
7.1 (a) Perform each and every covenant in the Credit Transaction Documents applicable to Pledgor;
7.2 (b) Neither change its jurisdiction of organization nor cease to be a Registered Organizationcorporation, in each case, case without giving Secured Party at least thirty (30) days prior written notice thereof;
7.3 (c) To the extent it may lawfully do so, use its best efforts to prevent the Issuers from issuing Future Rights or Proceeds, except for cash dividends and other distributions to be paid by any Issuer to Pledgor; and
7.4 (d) Upon receipt by Pledgor of any material notice, report, or other communication from any of the Issuers or any Holder relating to all or any part of the Collateral, deliver such notice, report or other communication to Secured Party as soon as possible, but in no event later than five (5) days following the receipt thereof by Pledgor.
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Covenants of Pledgor. Pledgor shall:
7.1 (a) Perform each and every covenant in the Credit Promissory Note Documents applicable to Pledgor;
7.2 (b) For Pledgor that is Registered Organization: Neither change its jurisdiction of organization nor cease to be a Registered Organization, in each case, without giving Secured Party at least thirty (30) days prior written notice thereof;
7.3 (c) To the extent it may lawfully do so, use its best efforts to prevent the Issuers from issuing Future Rights or Proceeds, except for cash dividends and other distributions to be paid by any Issuer to Pledgor; and
7.4 (d) Upon receipt by Pledgor of any material notice, report, or other communication from any of the Issuers or any Holder relating to all or any part of the Collateral, deliver such notice, report or other communication to Secured Party as soon as possible, but in no event later than five (5) days following the receipt thereof by Pledgor.
Appears in 1 contract
Sources: Pledge Agreement (Lytus Technologies Holdings PTV. Ltd.)