Common use of Pledge of Interest Clause in Contracts

Pledge of Interest. Except as permitted by the provisions of Section 11.3.3, no Partner shall be permitted to pledge or otherwise grant a security interest in and to its Interest.

Appears in 1 contract

Sources: Limited Partnership Agreement (Tc Pipelines Lp)

Pledge of Interest. Except as permitted by the provisions of Section 11.3.311.3.2, no Partner shall be permitted to pledge or otherwise grant a security interest in and to its Percentage Interest.

Appears in 1 contract

Sources: Limited Partnership Agreement (Iroquois Gas Transmission System Lp)