No Pledges. The Executive and each transferee or assignee of the Executive further agrees and covenants not to pledge, lend, hypothecate or otherwise grant any interest in the shares of the common stock, without the prior written consent of the Company, in its sole discretion. The Company shall be entitled to redeem the shares of common stock at the purchase price thereof in the event of any breach of this section.
No Pledges. Subscriber has not pledged the Securities, and will not ----------- pledge the Securities during the Distribution Compliance Period, as collateral in a margin account or otherwise with a "U.S. Person."
No Pledges. Neither Subscriber nor any Investor has pledged the Securities, and will not pledge the Securities during the Restricted Period (as defined below), as collateral in a margin account or otherwise with a U.S. person.
No Pledges. Other than as provided in Section 4.2(b), no Member may pledge all or any part of its Interest, and any purported pledge shall be void ab initio.
No Pledges. Create or incur or suffer to exist any mortgage, lien, pledge, security interest, charge, encumbrance, or restriction of any kind against or in respect of any property or right of Company or Company's Subsidiaries securing any obligation in excess of $50,000, except for pledges or security interests given in connection with the acceptance of repurchase agreements or government deposits;
No Pledges. The Capital Stock of the US Borrower owned by the Windward Group shall be free and clear of all pledges, liens and encumbrances other than those agreed to by the Agents.
No Pledges. Neither the Option nor any expectancy in the underlying shares prior to exercise may be pledged, hypothecated, or otherwise used as collateral to secure the payment of any debt.
No Pledges. The Service Provider agrees that, without SARS’ prior written consent; it shall not assign, cede, transfer, pledge, hypothecate or otherwise encumber its rights to receive payments from SARS under this MSA for any reason whatsoever.
No Pledges. Each of Borrower and New Guarantor represents and warrants to Lender that no direct or indirect interest in the Property, Borrower (or any entity that directly or indirectly owns an equity interest in Borrower) or any other collateral securing the Loan has been pledged, mortgaged, hypothecated or otherwise encumbered as security for any obligation in connection with the Transaction in violation of the Loan Documents.
No Pledges the Consultant and each transferee or assignee of the Employee further agrees and covenants not to pledge, lend, hypothecate or otherwise grant any interest in the shares of the ______Initials 11 _______Initials Common Stock, without the prior written consent of the Company, in its sole discretion. The Company shall be entitled to redeem the shares of Common Stock at the purchase price thereof in the event of any breach of this section
