Common use of Pledges of Receivables Clause in Contracts

Pledges of Receivables. Except as set forth in Schedule 3.16, neither Borrower has pledged its Accounts as collateral security for any loan or Indebtedness other than, as applicable, the Loan and the Senior Loan.

Pledges of Receivables. Except as set forth in Schedule 3.16, neither Borrower has pledged its Accounts as collateral security for any loan or Indebtedness other than, as applicable, the Loan and the Senior AR Loan.