Common use of Sale of Pledged Collateral Clause in Contracts

Sale of Pledged Collateral. The Pledgor shall not sell or other wise dispose of, or grant any option or warrant with respect to, any of the Pledged Collateral, except to the extent any such sale or disposition would not violate the terms and provisions of the Financing Documents; provided that any portion of the Pledged Collateral so sold or disposed of shall remain subject to the pledge of this Agreement to the same extent as though it had not been so sold or disposed of.

Appears in 2 contracts

Samples: Pledge and Security Agreement (LSP Batesville Funding Corp), Pledge and Security Agreement (LSP Batesville Funding Corp)

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Sale of Pledged Collateral. The Pledgor shall not sell sell, assign, exchange or other wise otherwise dispose of, or grant any option or warrant with respect to, of any of the Pledged Collateral, except to the extent Collateral or any such sale or disposition would not violate the terms and provisions of the Financing Documents; provided that any portion of the Pledged Collateral so sold or disposed of shall remain subject to the pledge of this Agreement to the same extent as though it had not been so sold or disposed ofinterest therein.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Gami Merger Co), Stock Pledge Agreement (Farley William)

Sale of Pledged Collateral. The Except as permitted under the Loan Documents, the Pledgor shall not sell or other wise otherwise dispose of, or grant any option or warrant with respect to, any of the Pledged Collateral, except to the extent any such sale or disposition would not violate the terms and provisions of the Financing Documents; provided that any portion of the Pledged Collateral so sold or disposed of shall remain subject to the pledge of this Agreement to the same extent as though it had not been so sold or disposed of.

Appears in 2 contracts

Samples: Equity Pledge Agreement (Empire Resorts Inc), Equity Pledge Agreement (Empire Resorts Inc)

Sale of Pledged Collateral. The Except as otherwise permitted by the Finance Documents, the Pledgor shall not sell or other wise otherwise dispose of, or grant any option or warrant with respect to, any of the Pledged Collateral, except to the extent any such sale or disposition would not violate the terms and provisions of the Financing Documents; provided that any portion of the Pledged Collateral so sold or disposed of shall remain subject to the pledge of this Agreement to the same extent as though it had not been so sold or disposed of.

Appears in 1 contract

Samples: Pledge and Security Agreement (Louisiana Generating LLC)

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Sale of Pledged Collateral. The Pledgor shall not sell or other wise otherwise dispose of, or grant any option or warrant with respect to, any of the Pledged Collateral; provided, except however, that Pledgor shall be permitted to the extent any such sale sell or disposition would not violate the terms and provisions of the Financing Documents; provided that any portion otherwise dispose of the Pledged Collateral so sold if such sale or disposed of shall remain subject to other disposition is contemplated by the pledge of this Agreement to the same extent as though it had not been so sold or disposed ofother Financing Documents.

Appears in 1 contract

Samples: Pledge and Security Agreement (Ce Generation LLC)

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