Common use of Limitation on Assignments Clause in Contracts

Limitation on Assignments. Pledgor will not, ------------------------- without the consent of Secured Party, agree to any provision in any Contract or other agreement constituting Collateral, which purports (or is so broad in scope so as) to limit Pledgor's rights to pledge or assign the right to payment of monies due or to become due thereunder.

Appears in 4 contracts

Samples: Credit and Term Loan Agreement (Guest Supply Inc), Security Agreement (Guest Supply Inc), Security Agreement (Guest Supply Inc)

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Limitation on Assignments. Pledgor will not, ------------------------- without the consent ------------------------- of Secured PartyCollateral Agent, agree to any provision in any Contract or other agreement constituting Collateral, which purports (or is so broad in scope so as) to limit Pledgor's rights to pledge or assign the right to payment of monies due or to become due thereunder.

Appears in 1 contract

Samples: Security Agreement (Guest Supply Inc)

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