Protect Collateral; Further Assurances, etc. Except for the ------------------------------------------- Senior Pledge, or as otherwise provided for in the Credit Agreement, Pledgor will not sell, assign, transfer, pledge, or encumber in any other manner the Collateral (except in favor of the Collateral Agent hereunder or as specifically permitted by the Indenture). Pledgor will warrant and defend the right and title herein granted unto the Collateral Agent in and to the Collateral (and all right, title and interest represented by the Collateral) against the claims and demands of all Persons whomsoever. Pledgor agrees that at any time, and from time to time, at the expense of Pledgor, Pledgor will promptly execute and deliver all further instruments, and take all further action, that may be necessary or desirable, or that the Collateral Agent may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Collateral Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. Pledgor will not certificate or issue any Partnership Interests unless the same are immediately pledged to the Collateral Agent hereunder and delivered to the Administrative Agent, the Collateral Agent or a person described in Section 8-301(a) of the U.C.C.
Appears in 2 contracts
Sources: Pledge and Security Agreement (Unwired Telecom Corp), Indenture (Unwired Telecom Corp)
Protect Collateral; Further Assurances, etc. Except for the ------------------------------------------- Senior Pledge, No Pledgor has or as otherwise provided for in the Credit Agreement, Pledgor will not sell, assign, transfer, pledge, or encumber in any other manner the Collateral (except in favor of the Collateral Agent hereunder or and as specifically permitted provided by the Indenture). Each Pledgor will warrant and defend the right and title herein granted unto the Collateral Agent in and to the Collateral (and all right, title and interest represented by the Collateral) against the claims and demands of all Persons whomsoever. Each Pledgor agrees that at any time, and from time to time, at the expense of such Pledgor, such Pledgor will promptly execute and deliver all further instruments, and take all further action, that may be necessary or desirable, or that the Collateral Agent may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Collateral Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. No Pledgor will not certificate or permit any Issuer to issue any Partnership Interests Capital Stock unless the same are immediately pledged to the Collateral Agent hereunder and the additional Capital Stock is pledged to Collateral Agent at the pro-rata levels outlined in Section 2.1 hereof and delivered to the Administrative Agent, the Collateral Agent Agreement or a person described in Section 8-301(a8.301(a)(2) of the U.C.C.
Appears in 1 contract
Sources: Stock Pledge and Security Agreement (Sterling Chemical Inc)
Protect Collateral; Further Assurances, etc. Except for the ------------------------------------------- Senior Pledge, or as otherwise provided for in the Credit Agreement, The Pledgor will not (i) sell, assign, transfer, pledge, or encumber in any other manner the Collateral (except in favor of the Collateral Agent hereunder hereunder), (ii) perform any act which would prevent the Collateral Agent from enforcing any of the terms and conditions of this Pledge Agreement or as specifically permitted would limit the Collateral Agent in any such enforcement or (iii) become a party to or otherwise bound by any agreement, other than this Pledge Agreement and the Indenture)Trust Agreement, which restricts in any manner the rights of the Collateral Agent with respect to the Collateral. The Pledgor will warrant and defend the right and title herein granted unto the Collateral Agent in and to the Collateral (and all right, title title, and interest represented by the Collateral) against the claims and demands of all Persons whomsoever. The Pledgor agrees that at any time, and from time to time, at the expense of the Pledgor, the Pledgor will promptly execute and deliver all further instrumentsinstruments (including, without limitation, Uniform Commercial Code financing statements), and take all further action, that may be necessary or desirable, or that the Collateral Agent may reasonably request, in order to perfect perfect, continue and protect any security interest or pledge granted or purported to be granted hereby or to enable the Collateral Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. Pledgor will not certificate or issue any Partnership Interests unless the same are immediately pledged to the Collateral Agent hereunder and delivered to the Administrative Agent, the Collateral Agent or a person described in Section 8-301(a) of the U.C.C..
Appears in 1 contract
Protect Collateral; Further Assurances, etc. Except for the ------------------------------------------- second priority Lien in favor of the trustee under the Senior PledgeSecured Discount Notes Indenture, or as otherwise provided for in the Credit Agreement, Pledgor will not sell, assign, transfer, pledge, pledge or encumber in any other manner the Collateral (except in favor of the Collateral Administrative Agent hereunder or as specifically permitted by under Section 7.2.3 of the IndentureCredit Agreement). The Pledgor will warrant and defend the right and title herein granted unto the Collateral Administrative Agent in and to the Collateral (and all right, title and interest represented by the Collateral) against the claims and demands of all Persons whomsoever. The Pledgor agrees that at any time, and from time to time, at the expense of the Pledgor, the Pledgor will promptly execute and deliver all further instruments, and take all further action, that may be necessary or desirable, or that the Collateral Administrative Agent may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Collateral Administrative Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. The Pledgor will not certificate or will permit any Pledged Share Issuer to issue any Partnership Interests Capital Securities unless the same are immediately delivered and pledged to the Collateral Administrative Agent hereunder and delivered to the Administrative Agent, the Collateral Agent or a person described in Section 8-301(a) of the U.C.C.hereunder.
Appears in 1 contract
Protect Collateral; Further Assurances, etc. Except for the ------------------------------------------- Senior Pledge, or as otherwise provided for in the Credit Agreement, no Pledgor will not sell, assign, transfer, pledge, or encumber in any other manner the Collateral (except in favor of the Collateral Agent hereunder or as specifically permitted by the Indenture). Each Pledgor will warrant and defend the right and title herein granted unto the Collateral Agent in and to the Collateral (and all right, title and interest represented by the Collateral) against the claims and demands of all Persons whomsoever. Each Pledgor agrees that at any time, and from time to time, at the expense of such Pledgor, such Pledgor will promptly execute and deliver all further instruments, and take all further action, that may be necessary or desirable, or that the Collateral Agent may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Collateral Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. No Pledgor will not certificate or permit any Issuer to issue any Partnership Interests Capital Stock unless the same are immediately pledged to the Collateral Agent hereunder and delivered to the Administrative Agent, the Collateral Agent or a person described in Section 8-301(a) of the U.C.C.
Appears in 1 contract
Sources: Stock Pledge and Security Agreement (Sterling Chemical Inc)
Protect Collateral; Further Assurances, etc. Except for the ------------------------------------------- Senior Pledge, or as otherwise provided for in Liens permitted pursuant to clauses (a) and (c)(iii) of Section 7.2.3 of the Credit Agreement, no Pledgor will not sell, assign, transfer, pledge, or encumber the Collateral in any other manner the Collateral (except in favor as permitted under Section 7.2.9 and Section 7.2.10 of the Collateral Agent hereunder or as specifically permitted by the IndentureCredit Agreement). Each Pledgor will warrant and defend the right and title herein granted unto the Collateral Administrative Agent in and to the Collateral (and all right, title and interest represented by the Collateral) against the claims and demands of all Persons whomsoever. Each Pledgor agrees that at any time, and from time to time, at the expense of such Pledgor, such Pledgor will promptly execute and deliver all further instruments, and take all further action, that may be necessary or desirable, or that the Collateral Administrative Agent may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Collateral Administrative Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. Each Pledgor hereby authorizes the Administrative Agent to file one or more financing or continuation statements, and amendments thereto, relative to all or any part of the Collateral without the signature of such Pledgor where permitted by law. A carbon, photographic or other reproduction of this Agreement or any financing statement covering the Collateral or any part thereof shall be sufficient as a financing statement where permitted by law. No Pledgor will not certificate or permit any Pledged Share Issuer that is a Subsidiary of such Pledgor to issue any Partnership Interests Capital Securities unless the same are immediately pledged to the Collateral Agent hereunder and all certificates or instruments representing or evidencing such Capital Securities are promptly delivered to and held by or on behalf of the Administrative Agent, the Agent as Collateral Agent or a person described in accordance with Section 8-301(a) of the U.C.C.2.3.
Appears in 1 contract
Protect Collateral; Further Assurances, etc. Except for the ------------------------------------------- Senior PledgeLiens described in Section 3.2 above, or as otherwise provided for in the Credit Agreement, no Pledgor will not sell, assign, transfer, pledge, or encumber in any other manner the Collateral (except in favor of the Collateral Administrative Agent hereunder or as specifically permitted by under Section 7.2.3 and 7.2.11 of the IndentureCredit Agreement). Each Pledgor will warrant and defend the right and title herein granted unto the Collateral Administrative Agent in and to the Collateral (and all right, title and interest represented by the Collateral) against the claims and demands of all Persons whomsoever. Each Pledgor agrees that at any time, and from time to time, at the expense of such Pledgor, such Pledgor will promptly execute and deliver all further instruments, and take all further action, that may be necessary or desirable, or that the Collateral Administrative Agent may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Collateral Administrative Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. No Pledgor will not certificate or permit any Pledged Share Issuer to issue any Partnership Interests Capital Securities unless the same are immediately delivered and pledged to the Collateral Administrative Agent hereunder and delivered to the Administrative Agent, the Collateral Agent or a person described in Section 8-301(a) of the U.C.C.hereunder.
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