No Encumbrance. Except as otherwise expressly permitted in this Agreement, ▇▇▇▇ shall not sell, assign, transfer, pledge, hypothecate, or otherwise dispose of or encumber any of the Collateral or any interest therein until all of the Secured Obligations are fully satisfied. ▇▇▇▇ shall protect and defend the Collateral from and against any and all claims, demands, or legal proceedings brought or asserted by any party other than the Trustee.
Appears in 16 contracts
Sources: Deposit and Security Agreement, Deposit and Security Agreement, Deposit and Security Agreement
No Encumbrance. Except as otherwise expressly permitted in this Deposit and Security Agreement, ▇▇▇▇ shall not sell, assign, transfer, pledge, hypothecate, or otherwise dispose of or encumber any of the Collateral or any interest therein until all of the Secured Obligations are fully satisfied. ▇▇▇▇ shall protect and defend the Collateral from and against any and all claims, demands, or legal proceedings brought or asserted by any party other than the TrusteeAgent.
Appears in 2 contracts
Sources: Umbrella Agreement (First Marblehead Corp), Master Loan Guaranty Agreement (First Marblehead Corp)