Covenants of Pledgors Concerning the Pledged Collateral. Each Pledgor hereby covenants to Agent as follows:Except as otherwise permitted under the Loan Documents, each Pledgor covenants and agrees that it will at all times hereafter during the term of this Agreement continue to hold the percentage interests described in the recitals hereof.
Appears in 1 contract
Sources: Collateral Transfer and Settlement Agreement (Gramercy Capital Corp)
Covenants of Pledgors Concerning the Pledged Collateral. Each Pledgor hereby covenants to Agent as follows:: Except as otherwise permitted under the Loan Documents, each Pledgor covenants and agrees that it will at all times hereafter during the term of this Agreement continue to hold the percentage interests described in the recitals hereof.
Appears in 1 contract
Sources: Collateral Transfer and Settlement Agreement (KBS Real Estate Investment Trust, Inc.)