No Debts. Pledgor shall not permit or cause the Company to guaranty or become obligated for the debts of any other entity or person or hold itself out to be responsible for the debts of another entity or person, nor shall it cause or permit the Company to incur any indebtedness whatsoever, whether secured or unsecured, without Lender’s prior written consent.
Appears in 2 contracts
Sources: Pledge Agreement (Silver Dragon Resources Inc.), Membership Interest Pledge Agreement (Cabinet Grow, Inc.)