Common use of No Hypothecation Clause in Contracts

No Hypothecation. Licensee shall not pledge, hypothecate, mortgage, ---------------- grant liens in or upon, grant security interests in, use as collateral or otherwise borrow upon the License, or any of Licensee's rights under this Agreement, without the express prior written consent of Licensor which consent shall not be unreasonably withheld, except that Licensor's consent shall be deemed to have been granted in connection with any pledge, hypothecation, or granting of a lien or security interest in all general intangibles of Licensee existing as of the date of this Agreement. Any such action without consent shall be void and of no effect and shall entitle Licensor to terminate Licensee's rights under this Agreement.