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 Deposit or the Deposit Account or (b) create or permit any Lien upon or with respect to the Deposit, the Deposit Account or any other Pledged Collateral, except for the pledge created hereby.

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 Deposit or rights, if any, of the Deposit Account Pledgor in the Equity Funding Agreement, or (b) create or permit any Lien upon or with respect to the Depositrights, if any, of the Deposit Account or any other Pledged CollateralPledgor in the Equity Funding Agreement, except for the pledge created hereby.

Appears in 1 contract

Samples: Equity Funding Pledge Agreement (Oglethorpe Power Corp)

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 Deposit or the Deposit Account Investment Agreement or (b) create or permit any Lien upon or with respect to the Deposit, the Deposit Account or any other Pledged CollateralInvestment Agreement, except for the pledge created herebyhereby 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 pledge, or otherwise dispose of, or grant any option with respect to, the Deposit or (including the Deposit Account Certificate of Deposit) or (b) create or permit any Lien upon or with respect to the Deposit (including the Certificate of Deposit, the Deposit Account ) or any other Pledged Collateral, except for the pledge created hereby.

Appears in 1 contract

Samples: Deposit Pledge Agreement (Old Dominion Electric Cooperative)

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