Common use of PLEDGE OF MEMBERSHIP INTEREST Clause in Contracts

PLEDGE OF MEMBERSHIP INTEREST. Notwithstanding any other provision in this Limited Liability Company Agreement, the Member shall be entitled to pledge its membership interest, including all interests, economic rights, control rights and status rights as a member, to, and otherwise xxxxx x xxxx and security interest in its membership interest and all of its right, title and interest under this Limited Liability Company Agreement in favor of, any lender to the Company

PLEDGE OF MEMBERSHIP INTEREST. Notwithstanding any other provision in this Limited Liability Company Operating Agreement, the Member shall be entitled to pledge its membership interest, including all interests, economic rights, control rights and status rights as a member, to, and otherwise xxxxx x xxxx and security interest in its membership interest and all of its right, title and interest under this Limited Liability Company Operating Agreement in favor of, any lender to the CompanyCompany or an affiliate of the Company (or an