Common use of GENERAL PLEDGE Clause in Contracts

GENERAL PLEDGE. Under a general pledge, the terms and conditions of the principal debt may be changed without the pledgor’s consent. However, the pledge liability will not exceed the upper monetary limit specified in the third- party pledge agreement.

GENERAL PLEDGE. Under a general pledge, the terms and conditions of the principal debt may be changed without the pledgor’s 's consent. However, the pledge liability will not exceed the upper monetary limit specified in the third- party pledge agreement.

GENERAL PLEDGE. Under a general pledge, the terms and conditions of the principal debt may be changed without the pledgor’s consent. However, the pledge liability will not exceed the upper monetary limit specified in the third- third party pledge agreement.