Security Pledge Agreement Sample

4.8 Sensitive Commercial Complaints. Licensor shall notify the Agent of all commercial claims valued in excess of USD 100,000 (as defined in the PED) and for which it has acquired a value greater than USD 100,000, and unless otherwise agreed by the Agent, such Licensee shall make a change to this Warranty Agreement. in the form of Annex I, which confers on the staff member a priority security right in respect of such a commercial offence. . . .

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