Common use of Obligations of Pledgor Clause in Contracts

Obligations of Pledgor. The Pledgor further covenants to the Lender that: (a) The Pledgor will not sell, transfer or convey any interest in, or suffer or permit any Lien to exist on or with respect to, any of the Collateral except the Lien created under this Pledge Agreement; (b) The Pledgor will, at its own expense, at any time and from time to time at the request of the Lender, do, make, procure, execute and deliver all acts, things, writings, assurances and other documents as may be reasonably requested by the Lender to further preserve, establish, perfect or enforce the Lender's rights, interests and remedies created by, provided in or emanating from this Pledge Agreement; (c) The Pledgor will defend the Lender's right, title and interest in, to and under the Collateral against the claims and demands of all Persons whomsoever (other than Persons claiming by or through the Lender); (d) The Pledgor hereby authorizes the Lender to file one or more financing or continuation statements and amendments thereto relating to all or any part of the Collateral without the Pledgor's signature. A photocopy or other reproduction of this Pledge Agreement shall be sufficient as a financing statement; (e) The Pledgor will not permit the Borrower to issue any additional securities or capital stock; and (f) The Pledgor will cause the Borrower to execute and deliver to the Lender on the date hereof a letter substantially in the form of Exhibit A hereto.

Obligations of Pledgor. The Pledgor further ---------------------- covenants to the Lender that: (a) The Pledgor will not sell, transfer or convey any interest in, or suffer or permit any Lien to exist on or with respect to, any of the Collateral except the Lien created under this Pledge Agreement; (b) The Pledgor will, at its own expense, at any time and from time to time at the request of the Lender, do, make, procure, execute and deliver all acts, things, writings, assurances and other documents as may be reasonably requested by the Lender to further preserve, establish, perfect or enforce the Lender's rights, interests and remedies created by, provided in or emanating from this Pledge Agreement; (c) The Pledgor will defend the Lender's right, title and interest in, to and under the Collateral against the claims and demands of all Persons whomsoever (other than Persons claiming by or through the Lender); (d) The Pledgor hereby authorizes the Lender to file one or more financing or continuation statements and amendments thereto relating to all or any part of the Collateral without the Pledgor's signature. A photocopy or other reproduction of this Pledge Agreement shall be sufficient as a financing statement; (e) The Pledgor will not permit the Borrower to issue any additional securities or capital stock; and (f) The Pledgor will cause the Borrower to execute and deliver to the Lender on the date hereof a letter substantially in the form of Exhibit A hereto.