Common use of Obligations of the Pledgor Clause in Contracts

Obligations of the Pledgor. The Pledgor further represents, warrants and covenants to the Noteholders that: (a) The Pledgor will not sell, transfer or convey any interest in, or suffer or permit any Lien or encumbrance to be created upon or with respect to, any of the SPC Share Collateral (other than as created under this Pledge Agreement) during the term of this Pledge Agreement. (b) The Pledgor will, at its own expense, at any time and from time to time at the reasonable request of the Agent or the Noteholders, do, make, procure, execute and deliver all acts, things, writings, assurances and other documents as may be proposed by the Agent or the Noteholders to preserve, establish, demonstrate or enforce the Agent's rights, interests and remedies as created by, provided in, or emanating from this Pledge Agreement. (c) The Pledgor will not take any action which would cause the Issuer to issue any other capital stock, without the prior written consent of the Noteholders. Any such issuance shall be subject to this Pledge Agreement. (d) The Pledgor will not consent to any amendment to the articles of incorporation of the Issuer without the prior written consent of the Noteholders.

Obligations of the Pledgor. The Pledgor further represents, warrants and covenants to the Noteholders that: (a) The Pledgor will not sell, transfer or convey any interest in, or suffer or permit any Lien or encumbrance to be created upon or with respect to, any of the SPC CHI Share Collateral (other than as created under this Pledge Agreement) during the term of this Pledge Agreement. (b) The Pledgor will, at its own expense, at any time and from time to time at the reasonable request of the Agent or the Noteholders, do, make, procure, execute and deliver all acts, things, writings, assurances and other documents as may be proposed by the Agent or the Noteholders to preserve, establish, demonstrate or enforce the Agent's rights, interests and remedies as created by, provided in, or emanating from this Pledge Agreement. (c) The Pledgor will not take any action which would cause the Issuer CHI to issue any other capital stock, without the prior written consent of the Noteholders. Any such issuance shall be subject to this Pledge Agreement. (d) The Pledgor will not consent to any amendment to the articles of incorporation of the Issuer CHI without the prior written consent of the Noteholders.