TRANSFER OR PLEDGE Clause Samples
The "Transfer or Pledge" clause defines the conditions under which a party may transfer ownership of, or use as collateral, certain rights or interests under the agreement. Typically, this clause outlines whether such transfers or pledges are permitted, and if so, whether prior written consent from the other party is required. For example, it may prohibit a party from assigning its contractual rights to a third party or pledging them as security for a loan without approval. The core function of this clause is to maintain control over who holds rights or interests under the contract, thereby protecting the parties from unwanted or unauthorized changes in the agreement’s obligations or beneficiaries.
TRANSFER OR PLEDGE. 除可轉讓定期存款外，存放 貴行之各項存款非經 貴行事前以書面同意均不得轉讓或質押予他人。 Except for negotiable time deposits, any and all deposits with the Bank may not be assigned, transferred or pledged to any third party without the Bank's prior written consent.
TRANSFER OR PLEDGE. A partner’s interest in the Partnership shall not be assigned, pledged, sold or otherwise transferred, in whole or in part, without the prior written consent of the General Partner, which consent may be given or withheld in the General Partner’s sole and absolute discretion. No assignee of a partner’s interest in the Partnership shall be admitted into the Partnership as a substituted partner without: (a) the prior written consent of the General Partner, which consent may be given or withheld in the General Partner’s sole and absolute discretion; and (b) such assignee executing a counterpart to this Agreement.
TRANSFER OR PLEDGE. Without the consent of all of the general partners, (i) a general partner’s interest in the Partnership shall not be assigned, pledged, sold or otherwise transferred, in whole or in part, to any entity or person (other than another general partner), and (ii) no assignee of a general partner’s interest in the Partnership shall be admitted into the Partnership as a substitute partner.
TRANSFER OR PLEDGE. Except as otherwise specified in the related Series Supplement, the Certificates may be transferred or pledged in accordance with and subject to regulations governing ▇▇▇▇▇▇ Mae’s use of the book-entry system (as the same shall be in effect at the time of any such transfer or pledge), Federal Reserve Bank of New York Operating Circulars 21 and 21A, and procedures that are followed generally for book-entry securities.
TRANSFER OR PLEDGE. A Partner's interest in the Partnership shall not be assigned, pledged, sold or otherwise transferred, in whole or in part, without the prior written consent of the Managing General Partner.