No Pledges. The Executive and each transferee or assignee of the Executive further agrees and covenants not to pledge, lend, hypothecate or otherwise grant any interest in the shares of the common stock, without the prior written consent of the Company, in its sole discretion. The Company shall be entitled to redeem the shares of common stock at the purchase price thereof in the event of any breach of this section.
No Pledges. Neither Subscriber nor any Investor has pledged the Securities, and will not pledge the Securities during the Restricted Period (as defined below), as collateral in a margin account or otherwise with a U.S. person.
No Pledges. Other than as provided in Section 4.2(b), no Member may pledge all or any part of its Interest, and any purported pledge shall be void ab initio.
No Pledges. Create or incur or suffer to exist any mortgage, lien, pledge, security interest, charge, encumbrance, or restriction of any kind against or in respect of any property or right of Company or Company's Subsidiaries securing any obligation in excess of $50,000, except for pledges or security interests given in connection with the acceptance of repurchase agreements or government deposits;
No Pledges. Subscriber has not pledged the Securities, and will not ----------- pledge the Securities during the Distribution Compliance Period, as collateral in a margin account or otherwise with a "U.S. Person."
No Pledges. Upper Tier Borrower will not create, incur, assume, or suffer to exist any lien, security interest, pledge or other encumbrance on any of its property, including, without limitation, the Small Business Notes and any collateral securing the obligations of such Small Business Notes, whether now owned, or hereafter acquired, without the prior written consent of the Lenders holding a Majority-in-Interest.
No Pledges. The Donor understands that no distribution from a DAF may be used to discharge or satisfy a legally enforceable pledge or obligation of any person, including the Donor or DAF Advisor. A DAF cannot be used to fulfill personal pledges made by the Donor, DAF Advisors, or related parties. Because the Foundation’s Board has ultimate authority and legal control over the assets of a DAF, a DAF Advisor does not have the authority to make a unilateral decision regarding a distribution from the DAF. For the purposes of definition, the Foundation does not perceive that annual gifts to one’s local United Methodist Church are a legally enforceable pledge – but are perceived as voluntary intentions to give. Instead of making a pledge to a charity, the DAF Advisor may say “I intend to request that the Foundation make a distribution of $XX from my Donor Advised Fund.” This same procedure pertains to multi-year gifts from DAFs.
No Pledges. The Service Provider agrees that, without SARS’ prior written consent; it shall not assign, cede, transfer, pledge, hypothecate or otherwise encumber its rights to receive payments from SARS under this MSA for any reason whatsoever.
No Pledges. Inco has not pledged, mortgaged or hypothecated, nor has Inco permitted any Restricted Subsidiary or any Subsidiary Borrower to pledge, mortgage or hypothecate, any of its assets to secure indebtedness for money borrowed except as otherwise permitted by Section 5.04(a).
No Pledges. Until the Additional Consideration Payment Date, Telepad will not pledge, or encumber or hypothecate any Shares, except as contemplated hereby and under the Pledge Agreements.
