Common use of Pledgor Covenants Clause in Contracts

Pledgor Covenants. Pledgor covenants and agrees that Pledgor shall not, directly or indirectly, without the prior written consent of Agent, alter, amend, modify, supplement or change in any way, the operating agreement of Senior Mezzanine Borrower as in effect on the date hereof.

Appears in 1 contract

Sources: Junior Mezzanine Pledge and Security Agreement (KBS Strategic Opportunity REIT, Inc.)

Pledgor Covenants. Pledgor covenants and agrees that Pledgor shall not, directly or indirectly, without the prior written consent of Agent, alter, amend, modify, supplement or change in any way, the operating agreement of Senior Mezzanine Mortgage Borrower as in effect on the date hereof.

Appears in 1 contract

Sources: Senior Mezzanine Pledge and Security Agreement (KBS Strategic Opportunity REIT, Inc.)