Common use of Pledge of Notes Clause in Contracts

Pledge of Notes. The Company acknowledges and agrees that the Notes may be pledged by each Holder in connection with a bona fide margin agreement or other loan or financing arrangement that is secured by the Notes. The pledge of the Notes shall not be deemed to be a transfer, sale or assignment of the Notes hereunder, and if any Holder effects a pledge of the Notes held by such Holder it shall not be required to provide the Company with any notice thereof or otherwise make any delivery to the Company pursuant to this Agreement. The Company hereby agrees to execute and deliver such documentation as a pledgee of the Notes may reasonably request in connection with a pledge of the Notes to such pledgee by each Holder.

Appears in 2 contracts

Samples: Exchange Agreement (MassRoots, Inc.), Exchange Agreement (MassRoots, Inc.)

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Pledge of Notes. The Company acknowledges and agrees that the Notes may be pledged by each Holder any Purchaser in connection with a bona fide margin agreement or other loan or financing arrangement that is secured by the Notes. The pledge of the Notes shall not be deemed to be a transfer, sale or assignment of the Notes hereunder, and if any Holder effects no Purchaser effecting a pledge of the Notes held by such Holder it shall not be required to provide the Company with any notice thereof or otherwise make any delivery to the Company pursuant to this AgreementAgreement or any other Transaction Document. The Company hereby agrees to shall execute and deliver such documentation as a pledgee of the Notes may reasonably request in connection with a pledge of the Notes to such pledgee by each Holdera Purchaser.

Appears in 1 contract

Samples: Security Agreement (Nestor Inc)

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Pledge of Notes. The Company acknowledges and agrees that the Notes may be pledged by each Holder a Buyer in connection with a bona fide margin agreement or other loan or financing arrangement that is secured by the Notes. The pledge of the Notes shall not be deemed to be a transfer, sale or assignment of the Notes hereunder, and if . Buyer shall give the Company prior written notice of any Holder effects a proposed pledge of the Notes, and confirmation by the pledge of its obligation to to comply with the provisions this Agreement in order to effect a sale, transfer or assignment of Notes held by such Holder it shall not be required to provide the Company with any notice thereof or otherwise make any delivery to the Company pursuant to this Agreementpledgee. The Company hereby agrees to execute and deliver such documentation as a pledgee of the Notes may reasonably request in connection with a pledge of the Notes to such pledgee by each Holdera Buyer.

Appears in 1 contract

Samples: Note Purchase Agreement (QC Holdings, Inc.)

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