Common use of Security Interest, Etc Clause in Contracts

Security Interest, Etc. Notwithstanding the foregoing, Licensee and Meridian and their Affiliates shall not directly or indirectly mortgage, pledge, hypothecate, grant a security interest in, collateralize or otherwise encumber the License granted hereunder without the express written consent of Cumberland, which consent may be withheld in Cumberland's sole and absolute discretion.