Common use of No Pledge or Security Interest Clause in Contracts

No Pledge or Security Interest. The purpose of the Company’s retention of Executive’s certificates in respect of Unvested Shares and executed security powers is solely to facilitate the repurchase provisions set forth in Section 3 herein and does not constitute a pledge by Executive of, or the granting of a security interest in, the underlying equity.

Appears in 22 contracts

Samples: Senior Management Agreement (Syniverse Holdings Inc), Senior Management Agreement (Syniverse Technologies Inc), Senior Management Agreement (Syniverse Technologies Inc)

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No Pledge or Security Interest. The purpose of the Company’s 's retention of Executive’s 's certificates in respect of Unvested Shares and executed security powers is solely to facilitate the repurchase provisions set forth in Section SECTION 3 herein and SECTION 6 of the Securityholders Agreement and does not constitute a pledge by Executive of, or the granting of a security interest in, the underlying equity.

Appears in 9 contracts

Samples: Senior Management Agreement (Tsi Finance Inc), Senior Management Agreement (Tsi Finance Inc), Senior Management Agreement (Tsi Finance Inc)

No Pledge or Security Interest. The purpose of the Company’s 's retention of Executive’s 's certificates in respect of Unvested Shares and executed security powers is solely to facilitate the repurchase provisions set forth in SECTIONS 3 and 4 herein and Section 3 herein 4 of the Securityholders Agreement and does not constitute a pledge by Executive of, or the granting of a security interest in, the underlying equity.

Appears in 8 contracts

Samples: Senior Management Agreement (Prestige Brands International, Inc.), Senior Management Agreement (Prestige Brands Holdings, Inc.), Senior Management Agreement (Prestige Brands Holdings, Inc.)

No Pledge or Security Interest. The purpose of the Company’s 's retention of Executive’s 's certificates in respect of Unvested Shares and executed security powers is solely to facilitate the repurchase provisions set forth in Section 3 herein and does not constitute a pledge by Executive of, or the granting of a security interest in, the underlying equity.

Appears in 7 contracts

Samples: Senior Management Agreement (TNS Inc), Senior Management Agreement (TNS Inc), Senior Management Agreement (TNS Inc)

No Pledge or Security Interest. The purpose of the Company’s 's retention of Executive’s 's certificates in respect of Unvested Shares and executed security powers Security Powers is solely to facilitate the repurchase provisions set forth in Section 3 herein and does not constitute a pledge by Executive of, or the granting of a security interest in, the underlying equity.

Appears in 6 contracts

Samples: Executive Unit Agreement (University General Health System, Inc.), Executive Unit Agreement (University General Health System, Inc.), Executive Unit Agreement (University General Health System, Inc.)

No Pledge or Security Interest. The purpose of the Company’s 's retention of Executive’s 's certificates in respect of Unvested Shares and executed security powers is solely to facilitate the repurchase provisions set forth in Section SECTION 3 herein and does not constitute a pledge by Executive of, or the granting of a security interest in, the underlying equity.

Appears in 4 contracts

Samples: Senior Management Agreement (Prestige Brands Holdings, Inc.), Senior Management Agreement (Prestige Brands Holdings, Inc.), Senior Management Agreement (Prestige Brands Holdings, Inc.)

No Pledge or Security Interest. The purpose of the Company’s retention of Executive’s certificates in respect of Unvested Shares and executed security powers is solely to facilitate the repurchase provisions set forth in Section 3 herein and Section 6 of the Securityholders Agreement and does not constitute a pledge by Executive of, or the granting of a security interest in, the underlying equity.

Appears in 4 contracts

Samples: Senior Management Agreement (Tsi Telecommunication Services Inc), Senior Management Agreement (Tsi Telecommunication Holdings LLC), Senior Management Agreement (Syniverse Holdings LLC)

No Pledge or Security Interest. The purpose of the Company’s 's retention of Executive’s Executive Securityholder's certificates in respect of Unvested Shares and executed security powers is solely to facilitate the repurchase provisions set forth in Section 3 4 herein and Section 6 of the Stockholders Agreement and does not constitute a pledge by Executive Securityholder of, or the granting of a security interest in, the underlying equity.

Appears in 3 contracts

Samples: Executive Securities Agreement (Hillman Companies Inc), Executive Securities Agreement (Hillman Companies Inc), Executive Securities Agreement (Hillman Companies Inc)

No Pledge or Security Interest. The purpose of the Company’s retention of Executive’s certificates in respect of Unvested Shares and executed security powers is solely to facilitate the repurchase provisions set forth in Section 3 herein and Section 4 of the Securityholders Agreement and does not by itself constitute a pledge by Executive of, or the granting of a security interest in, the underlying equity.

Appears in 3 contracts

Samples: Senior Management Agreement (Solera Holdings LLC), Senior Management Agreement (Solera Holdings LLC), Senior Management Agreement (Solera Holdings LLC)

No Pledge or Security Interest. The purpose of the Company’s retention of ExecutiveExecutive Securityholder’s certificates in respect of Unvested Shares and executed security powers is solely to facilitate the repurchase provisions set forth in Section 3 4 herein and Section 6 of the Stockholders Agreement and does not constitute a pledge by Executive Securityholder of, or the granting of a security interest in, the underlying equity.

Appears in 2 contracts

Samples: Executive Securities Agreement (Hillman Companies Inc), Executive Securities Agreement (Hillman Companies Inc)

No Pledge or Security Interest. The purpose of the Company’s 's retention of Executive’s 's certificates in respect of Unvested Shares and executed security powers is solely to facilitate the repurchase provisions set forth in Section 3 herein and Section 6 of the Securityholders Agreement and does not constitute a pledge by Executive of, or the granting of a security interest in, the underlying equity.

Appears in 2 contracts

Samples: Senior Management Agreement (Tsi Telecommunication Services Inc), Senior Management Agreement (Tsi Telecommunication Services Inc)

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No Pledge or Security Interest. The purpose of the Company’s retention of Executive’s certificates in respect of Unvested Shares and executed security powers is solely to facilitate the repurchase provisions set forth in Section 3 herein and Section 6 of the Stockholders Agreement and does not constitute a pledge by Executive of, or the granting of a security interest in, the underlying equity.

Appears in 1 contract

Samples: Executive Securities Agreement (Hillman Companies Inc)

No Pledge or Security Interest. The purpose of the Company’s 's retention of Executive’s 's certificates in respect of Unvested Shares and executed security powers Security Powers is solely to facilitate the repurchase provisions set forth in Section 3 herein and does not constitute a pledge by Executive of, or the granting of a security interest in, the underlying equity.. Executive Unit Purchase Agreement - Riedel

Appears in 1 contract

Samples: Executive Unit Agreement (University General Health System, Inc.)

No Pledge or Security Interest. The purpose of the Company’s retention of Executive’s certificates in respect of Unvested Shares and executed security powers Security Powers is solely to facilitate the repurchase provisions set forth in Section 3 herein and the provisions of Article 9 of the LLC Agreement and does not constitute a pledge by Executive of, or the granting of a security interest in, the underlying equity.

Appears in 1 contract

Samples: Executive Unit Agreement (Maxum Petroleum Holdings, Inc.)

No Pledge or Security Interest. The purpose of the Company’s retention of Executive’s certificates in respect of Unvested Shares and executed security powers is solely to facilitate the repurchase provisions set forth in Section 3 herein and does not constitute a pledge by Executive of, or the granting of a security interest in, the underlying equity.

Appears in 1 contract

Samples: Senior Management Agreement (Prestige Brands Holdings, Inc.)

No Pledge or Security Interest. The purpose of the Company’s retention of Executive’s and Simons LP’s certificates in respect of Unvested Shares and executed security powers is solely to facilitate the repurchase provisions set forth in Section 3 herein and does not constitute a pledge by Executive or Sxxxxx XX of, or the granting of a security interest in, the underlying equity.

Appears in 1 contract

Samples: Senior Management Agreement (Maxum Petroleum Holdings, Inc.)

No Pledge or Security Interest. The purpose of the Company’s retention of Executive’s certificates in respect of Unvested Shares and executed security powers is solely to facilitate the repurchase provisions set forth in Section 3 herein and does not by itself constitute a pledge by Executive of, or the granting of a security interest in, the underlying equity.

Appears in 1 contract

Samples: Senior Management Agreement (Solera Holdings, Inc)

No Pledge or Security Interest. The purpose of the Company’s retention of Executive’s certificates in respect of Unvested Shares and executed security powers Stock Powers is solely to facilitate the repurchase provisions set forth in Section 3 herein and Section 6 of the Stockholders Agreement and does not constitute a pledge by Executive of, or the granting of a security interest in, the underlying equity.

Appears in 1 contract

Samples: Senior Management Agreement (VeriFone Holdings, Inc.)

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