Common use of Transfer by Pledgor Clause in Contracts

Transfer by Pledgor. Pledgor will not sell or otherwise dispose of, grant any option with respect to, or create, incur, assume or suffer to exist any lien on, any portion of the Collateral (except the lien created by this Agreement).

Appears in 1 contract

Sources: Pledge Agreement (United Petroleum Corp)

Transfer by Pledgor. The Pledgor will not sell or otherwise dispose of, grant any option with respect to, or create, incur, assume or suffer to exist any lien on, Lien or any portion of the Collateral (except the lien Lien created by this Agreement).

Appears in 1 contract

Sources: Collateral Pledge Agreement (Pet Quarters Inc)