Common use of Transfer for Security Clause in Contracts

Transfer for Security. The Sole Member may not pledge, mortgage or otherwise hypothecate all or any part of its right, title and interest in cash distributions to be received from the Company, except as provided by the Securitization Documents.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Ikon Receivables Funding LLC), Limited Liability Company Agreement (Ikon Receivables Funding LLC)

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Transfer for Security. The Sole Member may not pledge, mortgage or otherwise hypothecate all or any part of its right, title and interest in cash distributions to be received from the Company, except as provided by the Securitization DocumentsApproved Company Agreements.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Greenpoint Mortgage Securities LLC), Limited Liability Company Operating Agreement (Greenpoint Mortgage Securities Inc/)

Transfer for Security. The Sole Member may not pledge, --------------------- mortgage or otherwise hypothecate all or any part of its right, title and interest in cash distributions to be received from the Company, except as provided by the Securitization Documents.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Ikon Receivables Funding LLC), Limited Liability Company Agreement (Ikon Receivables LLC)

Transfer for Security. The Sole Member may not pledge, mortgage or otherwise hypothecate all or any part of its right, title and interest in cash distributions to be received from the Company, except as provided by the Securitization Documents.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Ikon Receivables LLC), Limited Liability Company Agreement (Ikon Receivables LLC)

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Transfer for Security. The Sole Member Member(s) may not pledge, mortgage or otherwise hypothecate all or any part of its right, title and interest in cash distributions to be received from the Company, except as provided by the Securitization Documents.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Mony Holdings LLC)

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