Common use of Priority of Pledge Clause in Contracts

Priority of Pledge. The pledge herein made of certain payments made by the Borrower hereunder shall at no time be impaired by the Authority and such payments shall not otherwise be pledged and no Persons shall have any rights with respect thereto except as provided herein.

Appears in 2 contracts

Samples: Financing Agreement (Neose Technologies Inc), Financing Agreement (Quaker Chemical Corp)

AutoNDA by SimpleDocs

Priority of Pledge. The pledge herein made of certain payments made by the Borrower hereunder shall at no time be impaired by the Authority Issuer and such payments shall not otherwise be pledged and no Persons shall have any rights with respect thereto except as provided herein.

Appears in 1 contract

Samples: Financing Agreement (Met Pro Corp)

AutoNDA by SimpleDocs

Priority of Pledge. The pledge herein made of certain payments made by the Borrower hereunder shall at no time be impaired by the Authority Issuer and such payments shall not otherwise be pledged and no Persons persons shall have any rights with respect thereto except as provided herein.

Appears in 1 contract

Samples: Financing Agreement (Quaker Chemical Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.