Common use of Pledged Note Clause in Contracts

Pledged Note. Notwithstanding anything to the contrary set forth in any Loan Document, the Company covenants and agrees that it shall not sell, assign, convey, contribute, dispose of or otherwise transfer, or (other than pursuant to the terms of this Agreement) grant or suffer to exist any Lien upon, any of its right, title or interest in the Pledged Note to any other Grantor, any Subsidiary, any Affiliate or any other Person.