Common use of CONVENANTS Clause in Contracts

CONVENANTS. 7.1 During the terms of this Agreement, Pledgor hereby covenants to Pledgee as follows: 7.1.1 It will not transfer the Pledged Interests or cause or allow the Pledged Interests to be used as security for any other obligation that may affect Pledgee’s right or beneficial without the prior written consent of Pledgee except that the Pledgee require the Pledgor to assign or transfer the equity interest.