Common use of Settlement and Release Clause in Contracts

Settlement and Release. Pledgor shall not make any election, compromise, adjustment or settlement in respect of any of the Collateral.

Appears in 8 contracts

Samples: Pledge and Security Agreement (Heritage Global Inc.), Pledge and Security Agreement (Heritage Global Inc.), Pledge and Security Agreement (Heritage Global Inc.)

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Settlement and Release. Pledgor Pledgors shall not make any election, compromise, adjustment or settlement in respect of any of the Collateral.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Supertel Hospitality Inc), Pledge and Security Agreement (Humphrey Hospitality Trust Inc)

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Settlement and Release. Pledgor shall not make any election, compromise, adjustment or settlement in respect of any of the Collateral, other than the elections expressly set forth in Borrower’s Charter Documents.

Appears in 1 contract

Samples: Pledge and Security Agreement (Allegiant Travel CO)

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