4.7 during the effectiveness of this Agreement, it will remain the legal and the beneficial owners of the Pledged Equity Interests and that it will not sell, assign, transfer or otherwise dispose of or create (or agree, conditionally or unconditionally, to create) or have outstanding any security or encumbrance on or over any part of the Pledged Equity Interests (other than those created by this Agreement) for as long as the Secured Obligations remain outstanding;
4.8 shall remain liable to perform all the obligations assumed by it in relation to the Pledged Equity Interests and Party B shall be under no obligation of any kind whatsoever in respect thereof or be under any liability whatsoever in the event of any failure by the Party A to perform its obligations in respect thereof;