Use of Shares as Collateral. In consideration of the return provisions, Trust may not use the Shares or any part thereof, as collateral for lending facilities absent consent of the Company. Any such hypothecation of the Shares shall be effected in such a manner that the Company’s rights to return of the shares in the event of a funding obligation failure shall be primary to the collateral interest of a lender. Furthermore, any such lending facility shall not be effected with a U.S. Person, or by use of any U.S.-directed selling efforts.
Appears in 4 contracts
Samples: Amended Master Financing Agreement, Master Financing Agreement (Utilicraft Aerospace Industries, Inc.), Master Financing Agreement (Utilicraft Aerospace Industries, Inc.)
