Common use of Covenant Of The Pledgor Clause in Contracts

Covenant Of The Pledgor. The Pledgor shall not, without the prior written consent of the Pledgee (a) sell, assign, pledge or otherwise dispose of, or grant any option with respect to, the Investment Agreement or (b) create or permit any Lien upon or with respect to the Investment Agreement, except for the pledge created hereby and the Loan Agreement.

Appears in 1 contract

Samples: Investment Pledge Agreement (Old Dominion Electric Cooperative)

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Covenant Of The Pledgor. The Pledgor shall not, without the prior written consent of the Pledgee (a) sell, assign, pledge or otherwise dispose of, or grant any option with respect to, the Investment Agreement Deposit or the Deposit Account or (b) create or permit any Lien upon or with respect to the Investment AgreementDeposit, the Deposit Account or any other Pledged Collateral, except for the pledge created hereby and the Loan Agreementhereby.

Appears in 1 contract

Samples: Deposit Pledge Agreement (Old Dominion Electric Cooperative)

Covenant Of The Pledgor. The Pledgor shall not, without the prior written consent of the Pledgee (a) sell, assign, pledge pledge, or otherwise dispose of, or grant any option with respect to, the Investment Agreement Deposit (including the Certificate of Deposit) or (b) create or permit any Lien upon or with respect to the Investment AgreementDeposit (including the Certificate of Deposit) or any other Pledged Collateral, except for the pledge created hereby and the Loan Agreementhereby.

Appears in 1 contract

Samples: Deposit Pledge Agreement (Old Dominion Electric Cooperative)

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Covenant Of The Pledgor. The Pledgor shall not, without the prior written consent of the Pledgee Pledgee, (a) sell, assign, pledge assign or otherwise dispose of, or grant any option with respect to, the Investment Agreement rights, if any, of the Pledgor in the Equity Funding Agreement, or (b) create or permit any Lien upon or with respect to the Investment rights, if any, of the Pledgor in the Equity Funding Agreement, except for the pledge created hereby and the Loan Agreementhereby.

Appears in 1 contract

Samples: Equity Funding Pledge Agreement (Oglethorpe Power Corp)

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