Settlement and Release. Pledgors shall not make any election, compromise, adjustment or settlement in respect of any of the Collateral.
Appears in 2 contracts
Sources: Pledge and Security Agreement (Supertel Hospitality Inc), Pledge and Security Agreement (Humphrey Hospitality Trust Inc)
Settlement and Release. Pledgors Pledgor shall not make any election, compromise, adjustment or settlement in respect of any of the Collateral, other than the elections expressly set forth in Borrower’s Charter Documents.
Appears in 1 contract
Sources: Pledge and Security Agreement (Allegiant Travel CO)