No Pledges Sample Clauses
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. Subscriber has not 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. 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. 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. Other than pledges to lenders under the Senior Debt Agreements, the Company shall not pledge any of its equity in the Subsidiary without first obtaining the affirmative vote or consent of the holders of at least two-thirds of the outstanding Series B Stock, voting as a single class, or if there is no Series B Stock issued, without the consent of the Purchaser (not to be unreasonably withheld).
No Pledges. The Capital Stock of the US Borrower owned by the Windward Group shall be free and clear of all pledges, liens and encumbrances other than those agreed to by the Agents.
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. Neither the Option nor any expectancy in the underlying shares prior to exercise may be pledged, hypothecated, or otherwise used as collateral to secure the payment of any debt.