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Common use of PLEDGOR Clause in Contracts

PLEDGOR. The Pledgor may not assign, delegate or transfer any of its rights or obligations under this Agreement without the consent of the Lenders, and any purported assignment, delegation or transfer in violation of this provision shall be void and of no effect.

Appears in 8 contracts

Samples: Stock Pledge Agreement (Borse Dubai LTD), Pledge Agreement (Warp Technology Holdings Inc), Stock Pledge Agreement (Warp Technology Holdings Inc)

PLEDGOR. The Pledgor may not assign, delegate or transfer any of its rights or obligations under this Agreement without the consent of the LendersCollateral Agent, and any purported assignment, delegation or transfer in violation of this provision shall be void and of no effect.

Appears in 4 contracts

Samples: Pledge Agreement (Vector Group LTD), Pledge Agreement (Vector Group LTD), Pledge Agreement (Vector Group LTD)

PLEDGOR. The Pledgor may not assign, delegate or transfer any of its rights or obligations under this Agreement without the consent of the Security Agent (acting on behalf of the Majority Lenders), and any purported assignment, delegation or transfer in violation of this provision shall be void and of no effect.

Appears in 1 contract

Samples: Stock Pledge Agreement (Iridium Communications Inc.)

PLEDGOR. The No Pledgor may not assign, delegate or transfer any of its rights or obligations under this Agreement without the consent of the Security Agent (acting on behalf of the Majority Lenders), and any purported assignment, delegation or transfer in violation of this provision shall be void and of no effect.

Appears in 1 contract

Samples: Pledge Agreement (Iridium Communications Inc.)

PLEDGOR. The Pledgor may not assign, delegate or transfer any of its rights or obligations under this Agreement without the consent of the LendersLender, and any purported assignment, delegation or transfer in violation of this provision shall be void and of no effect.

Appears in 1 contract

Samples: Stock Pledge Agreement (Elandia, Inc.)