Common use of Transfers of Pledged Collateral Clause in Contracts

Transfers of Pledged Collateral. The Pledgors shall not be restricted from selling, licensing or otherwise transferring any Pledged Collateral (and upon any sale or other transfer, the applicable Pledged Collateral will be released from the Liens thereon to the extent set forth in Section 11.4 hereof).

Transfers of Pledged Collateral. The Pledgors Pledgor shall not be restricted from selling, licensing or otherwise transferring any Pledged Collateral (and upon any sale or other transfer, the applicable Pledged Collateral will be released from the Liens thereon to the extent set forth in Section 11.4 hereof).