Common use of Permitted Pledge Clause in Contracts

Permitted Pledge. Notwithstanding the foregoing Section 3(a), the ▇▇▇▇▇▇ Group will be permitted to pledge Covered Series A Shares to a bona fide financial institution (so long as such pledge does not prevent or otherwise restrict ▇▇▇▇▇▇ from voting such shares pursuant to the Proxy and this Agreement prior to any foreclosure of such pledge, but shall not be permitted to pledge any other Covered Shares. ▇▇▇▇▇▇ (on behalf of the ▇▇▇▇▇▇ Group) will take such actions as are reasonably necessary to enable ▇▇▇▇▇▇ to vote the Covered Series A Shares subject to any such pledge prior to any foreclosure (including, for the avoidance of doubt, delivering instructions to the pledgee or other custodian with respect to ▇▇▇▇▇▇’▇ right to vote such shares).