Common use of Pledge of Units Clause in Contracts

Pledge of Units. (a) Notwithstanding anything contained herein to the contrary, any Member shall have the ability to pledge any Unit(s) owned by such Member and such pledge shall not be a "Transfer" of such Unit(s) for purposes of this Agreement. (b) Upon the Transfer of Units owned by Muzak Holdings pursuant to Section 7.2 of the Pledge and Security Agreement, dated as of the date hereof (the "Pledge Agreement"), between the Company, Muzak Holdings, certain subsidiaries of the Company, and Canadian Imperial Bank of Commerce (the "Administrative Agent"), as such Pledge Agreement may be amended and restated from time to time, and without need for any further action or notice under this Agreement, the transferee of such Units shall be admitted as a Member of the Company and shall acquire all right, title and interest in such Units, including all rights under this Agreement, and Muzak Holding shall be withdrawn as a Member hereunder and shall have no further right, title or interest in such Units or under this Agreement.

Pledge of Units. (a) Notwithstanding anything contained herein to the contrary, any Member shall have the ability to pledge any Unit(s) owned by such Member and such pledge shall not be a "Transfer" of such Unit(s) for purposes of this Agreement. (b) Upon the Transfer of Units owned by Muzak Holdings pursuant to Section 7.2 of the Pledge and Security Agreement, dated as of the date hereof March 18, 1999 (the "Pledge Agreement"), between the Companyamong Muzak, Muzak HoldingsHoldings LLC, certain subsidiaries of the CompanyMuzak, and Canadian Imperial Bank of Commerce (the "Administrative Agent"), as such Pledge Agreement may be amended and restated from time to time, and without need for any further action or notice under this Agreement, the transferee of such Units shall be admitted as a Member of the Company and shall acquire all right, title and interest in such Units, including all rights under this Agreement, and Muzak Holding shall be withdrawn as a Member hereunder and shall have no further right, title or interest in such Units or under this Agreement.

Pledge of Units. (a) Notwithstanding anything contained herein to the contrary, any Member shall have the ability to pledge any Unit(s) owned by such Member and such pledge shall not be a "Transfer" of such Unit(s) for purposes of this Agreement. (b) Upon the Transfer of Units owned by Muzak Holdings pursuant to Section 7.2 of the Pledge and Security Agreement, dated as of the date hereof (the "Pledge Agreement"), between the Company, Muzak Holdings, certain ---------------- subsidiaries of the Company, and Canadian Imperial Bank of Commerce (the "Administrative Agent"), as such Pledge Agreement may be amended and restated --------------------- from time to time, and without need for any further action or notice under this Agreement, the transferee of such Units shall be admitted as a Member of the Company and shall acquire all right, title and interest in such Units, including all rights under this Agreement, and Muzak Holding shall be withdrawn as a Member hereunder and shall have no further right, title or interest in such Units or under this Agreement.

Pledge of Units. (a) Notwithstanding anything contained herein to the contrary, any Member shall have the ability to pledge any Unit(s) owned by such Member and such pledge shall not be a "Transfer" of such Unit(s) for purposes of this Agreement. (b) Upon the Transfer of Units owned by Muzak Holdings pursuant to Section 7.2 of the Pledge and Security Agreement, dated as of the date hereof March 18, 1999 (the "Pledge Agreement"), between the Companyamong Muzak, Muzak HoldingsHoldings LLC, certain subsidiaries ---------------- of the CompanyMuzak, and Canadian Imperial Bank of Commerce (the "Administrative Agent"), -------------------- as such Pledge Agreement may be amended and restated from time to time, and without need for any further action or notice under this Agreement, the transferee of such Units shall be admitted as a Member of the Company and shall acquire all right, title and interest in such Units, including all rights under this Agreement, and Muzak Holding shall be withdrawn as a Member hereunder and shall have no further right, title or interest in such Units or under this Agreement.

Pledge of Units. (a) Notwithstanding anything contained herein to the contrary, any Member shall have the ability to pledge any Unit(s) owned by such Member and such pledge shall not be a "Transfersale" or "gift" of such Unit(s) for purposes of this Agreement. (b) Upon the Transfer transfer of Units such Unit(s) owned by Muzak Holdings LLC pursuant to Section 7.2 of the Pledge and Security Agreement, dated as of the date hereof (the "Pledge ------- Agreement"), between the Company, Muzak HoldingsLLC, Muzak Holdings LLC, certain other --------- subsidiaries of the CompanyMuzak LLC, and the Canadian Imperial Bank of Commerce (the "Administrative Agent"), as such Pledge Agreement may be amended and restated -------------------- from time to time, and without need for any further action or notice under this Agreement, the transferee of such Units shall be admitted as a Member of the Company and shall acquire all right, title and interest in such Units, including all rights under this Agreement, and Muzak Holding LLC shall be withdrawn as a Member hereunder and shall have no further right, title or interest in such Units or under this Agreement.

Pledge of Units. (a) Notwithstanding anything contained herein to the contrary, any Member shall have the ability to pledge any Unit(s) owned by such Member and such pledge shall not be a "“Transfer" ” of such Unit(s) for purposes of this Agreement. (b) Upon the Transfer of Units owned by Muzak Holdings pursuant to Section 7.2 of the Pledge and Security Agreement, dated as of the date hereof (the "“Pledge Agreement"”), . between the Company, Muzak Holdings, certain subsidiaries of the Company, and Canadian Imperial Bank of Commerce (the "“Administrative Agent"”), as such Pledge Agreement may be amended and restated from time to time, and without need for any further action or notice under this Agreement, the transferee of such Units shall be admitted as a Member of the Company and shall acquire all right, title and interest in such Units, including all rights under this Agreement, and Muzak Holding shall be withdrawn as a Member hereunder and shall have no further right, title or interest in such Units or under this Agreement.