Permitted Pledge Sample Clauses

Permitted Pledge. A Member may pledge, mortgage or hypothecate ("PLEDGE") all or any part of its Interest in the Company if such Pledge constitutes security for a loan incurred (i) to enable the Member to acquire the interest in the Company of a selling Member, or (ii) to make an additional Capital Contribution in excess of the Member's Committed Capital set forth in Exhibit A pursuant to this Agreement. If the Pledge is forfeited to satisfy such loan or is foreclosed upon, and the Membership Interest sold at a public or private sale or retained by the pledgee in full or partial satisfaction of the law, the Person who obtains the Interest shall not be deemed a Member hereunder unless approved by the Board pursuant to the terms of this Article XIV and the provisions of Section 14. 4 hereof shall apply.

Permitted Pledge. Notwithstanding the foregoing Section 3(a), the ▇▇▇▇▇▇ Group will be permitted to pledge Covered Series A Shares to a bona fide financial institution (so long as such pledge does not prevent or otherwise restrict ▇▇▇▇▇▇ from voting such shares pursuant to the Proxy and this Agreement prior to any foreclosure of such pledge, but shall not be permitted to pledge any other Covered Shares. ▇▇▇▇▇▇ (on behalf of the ▇▇▇▇▇▇ Group) will take such actions as are reasonably necessary to enable ▇▇▇▇▇▇ to vote the Covered Series A Shares subject to any such pledge prior to any foreclosure (including, for the avoidance of doubt, delivering instructions to the pledgee or other custodian with respect to ▇▇▇▇▇▇’▇ right to vote such shares).

Permitted Pledge. 21 14.4 Transfer to Person who is Not a Member.........................21 14.5

Permitted Pledge. Section 3.1 Pre-closing............................................ Section 2.2 Private Placement Memorandum........................... Section 3.6

Permitted Pledge. Notwithstanding the foregoing in this Article 9, Tenant may at any time encumber or pledge its interest in any and all of Tenant’s furnishings, property, equipment or trade fixtures situated on the Leased Premises (a “Personal Property Security Interest”). Within thirty (30) days following request in writing from a lender of Personal Property Security Interest, Landlord shall execute, acknowledge and deliver such documents as such Personal Property Lender may reasonably request, and as may be reasonably acceptable to Landlord. Notwithstanding the foregoing, any such lien held by a Personal Property Lender, shall not extend to either Tenant’s leasehold interest in the Leased Premises or the ownership interest of Landlord in and to the Leased Premises and shall be subordinate and inferior to the liens on the Leased Premises created by any mortgages in favor of any Landlord’s lender. Tenant’s rights granted in this Section shall apply notwithstanding any terms of this Lease expressly or by implication to the contrary, and the exercise of such rights shall not constitute a default under this Lease.

Permitted Pledge. Notwithstanding any other provision of this Agreement, any Series 2011-1 Noteholder may at any time pledge or grant a security interest in all or any portion of its rights (including, without limitation, its Series 2011-1 Note and its Series 2011-1 Note Commitment and all rights to payment of interest and repayment thereunder) under this Agreement and the other Related Documents to secure obligations of such 2011-1 Noteholder to a Federal Reserve Bank, the U.S. Treasury or the Federal Deposit Insurance Corporation, without notice to or consent of the Issuer or any other Person; provided, however, that no such pledge or grant of a security interest shall release any Series 2011-1 Noteholder from any of its obligations hereunder or substitute any such pledgee or grantee for such Series 2011-1 Noteholder as a party hereto.

Permitted Pledge. Notwithstanding the provisions of this Section 3, Wils▇▇ ▇▇▇ pledge any shares of Wils▇▇'▇ ▇▇▇mon Stock (a) to the Company to secure indebtedness to Company incurred by Wils▇▇ ▇▇ connection with the purchase of Common Stock by Wils▇▇ ▇▇▇m Company and (b) to a reputable financial institution to secure a loan to Wils▇▇ ▇▇▇ to exceed $500,000 in principal amount at any time outstanding; provided, however, that any such pledge is made expressly subject to the terms, restrictions and conditions contained in this Agreement and the pledgee executes and delivers to the holders of Investor Underlying Common Stock prior thereto the agreement required pursuant to Section 3.4 above.