Common use of Restrictions on Transfer, Etc Clause in Contracts

Restrictions on Transfer, Etc. To the extent that any restrictions imposed by the organizational documents of any Pledged Entity would in any way affect or impair the pledge of the Pledged Collateral hereunder or the exercise by the Agent of any right granted hereunder, including, without limitation, the right of the Agent to dispose of the Pledged Collateral upon the occurrence of any Event of Default, each Pledged Entity hereby waives such restrictions and the Pledgor hereby agrees that it will take any further action which the Agent may reasonably request in order that the Agent may obtain and enjoy the full rights and benefits granted to the Agent by this Agreement free of any such restrictions.

Restrictions on Transfer, Etc. To the extent that any restrictions imposed by the organizational documents of any Pledged Entity EPT 301 would in any way affect or impair the pledge of the Pledged Collateral hereunder or the exercise by the Agent of any right granted hereunder, including, without limitation, the right of the Agent to dispose of the Pledged Collateral upon the occurrence of any Event of Default, each Pledged Entity EPT 301 hereby waives such restrictions and the Pledgor hereby agrees that it will take any further action which the Agent may reasonably request in order that the Agent may obtain and enjoy the full rights and benefits granted to the Agent by this Agreement free of any such restrictions.

Restrictions on Transfer, Etc. To the extent that any restrictions imposed by the organizational documents of any Pledged Entity would in any way affect or impair the pledge of the Pledged Collateral hereunder or the exercise by the Agent of any right granted hereunder, including, without limitation, the right of the Agent to dispose of the Pledged Collateral upon the occurrence of any Event of Default, each of the Pledged Entity Entities hereby waives such restrictions and the Pledgor hereby agrees that it will take any further action which the Agent may reasonably request in order that the Agent may obtain and enjoy the full rights and benefits granted to the Agent by this Agreement free of any such restrictions.