Common use of Authority to Pledge Clause in Contracts

Authority to Pledge. The Pledgor has rights in and good title to the Collateral and has full right, power and authority to pledge the Collateral pursuant hereto and to execute, deliver and perform his obligations in accordance with the terms of this Agreement, without the consent or approval of any other party (other than the consent of Pledgor, which consent is set forth below);

Authority to Pledge. The Pledgor has rights in and good and full title to the Collateral and has full right, power and authority to pledge the Collateral pursuant hereto as set forth herein and to execute, deliver and perform his its obligations in accordance with the terms of this Agreement, without the consent or approval of any other party (other than the consent of Senior Lender and Pledgor, which consent is set forth in accordance with Section 3.1(e), below);