Common use of Pledge by Lender Clause in Contracts

Pledge by Lender. Lender may at any time pledge or grant a security interest in all or any portion of its rights under this Agreement and the other Loan Documents to secure obligations of Lender under this Agreement or the Merger Agreement; provided that no such pledge or grant of a security interest shall release Lender from any of its obligations hereunder or substitute any such pledgee or Lender for Lender as a party hereto; provided further, however, the right of any such pledgee or grantee to further transfer all or any portion of the rights pledged or granted to it, whether by means of foreclosure or otherwise, shall be at all times subject to the terms of this Agreement.