Consent of Pledgor Clause Samples
The 'Consent of Pledgor' clause establishes that the pledgor, or the party offering collateral, formally agrees to the terms and conditions related to the pledge. In practice, this clause ensures that the pledgor acknowledges and authorizes the use of their assets as security for a loan or obligation, and may also confirm their understanding of the rights and remedies available to the pledgee in case of default. By requiring explicit consent, this clause helps prevent disputes over the validity of the pledge and ensures that all parties are aware of their respective rights and obligations.
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Consent of Pledgor. Pledgor hereby consents that from time to time, before or after the occurrence or existence of any Event of Default, with or without notice to or assent from Pledgor, any other security at any time held by or available to the Agent for any of the Obligations may be exchanged, surrendered or released, and any of the Obligations may be changed, altered, renewed, extended, continued, surrendered, compromised, waived or released, in whole or in part, as the Agent or the Lenders may see fit, and Pledgor shall remain bound under this Agreement notwithstanding any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any exchange, surrender, release, alteration, renewal, extension, continuance, compromise, waiver or inaction, extension of further credit or other dealing whatsoever, or any other circumstances which might otherwise constitute a defense available to, or a discharge of, the Borrowers.
Consent of Pledgor. Pledgor consents to the exercise by Pledgee of any rights of Pledgor in accordance with the provisions of this Agreement.
Consent of Pledgor. Sun Hydraulics Corporation, as Pledgor under that certain Stock Pledge and Security Agreement from said Pledgor to the Bank dated of even date with the Credit Agreement, by its execution of this Agreement, signifies its consent to the provisions of this Agreement and acknowledge the continued effectiveness of its Stock Pledge and Security Agreement, as amended by Amendment No. 1 to Stock Pledge and Security Agreement, of even date herewith, as security for the Loans evidenced by the Notes.
Consent of Pledgor. Shareholder hereby consents to the execution and delivery of this Agreement by the Company and the Investor.
Consent of Pledgor. The Pledgor hereby consents to allow the appointment by the Pledgees of the Collateral Agent, as contemplated by this Article III, waives any defenses or objections to such transfer given to the Pledgor in any agreement, including without limitation any of the terms in the Operative Documents, and shall not challenge, or permit any of its Subsidiaries to challenge the transfer of the security interests in the Pledged Property contemplated by the Pledge. The Pledgor further agrees to take all actions and give other aid reasonably required by the Collateral Agent in meeting the Pledgor's obligations under this Agreement.