Except for the Pledge Clause Samples
The 'Except for the Pledge' clause serves to carve out an exception from a general rule or restriction, specifically in relation to a pledge or security interest. In practice, this means that while certain actions or transfers may be prohibited under the agreement, they are permitted if they are made in connection with a pledge, such as granting collateral to a lender. This clause ensures that parties can fulfill obligations related to secured financing without breaching other contractual restrictions, thereby facilitating access to credit or loans secured by the pledged assets.
Except for the Pledge. Pledgor has not placed any security interest or other encumbrance on the Equity Interest.
Except for the Pledge. Right granted to the Pledgee, the Pledgor has not created any other encumbrance on the Equity Interest (including without limitation any pledge).