Continuing Pledge. This Agreement shall create a continuing security interest in the VAULT Pledged Collateral and shall (a) remain in full force and effect until the payment in full of all Secured Obligations, (b) be binding upon the Pledgor and its successors, transferees and assigns, and (c) inure, together with the rights and remedies of the Pledgees, to the equal and ratable benefit of the Pledgees and their respective successors, transferees and assigns.
Continuing Pledge. The pledge made hereunder is of a continuing nature and applies to any and all obligations of the Pledgor owing to the Pledgee until the Return Date.
Continuing Pledge. Pledgor hereby consents to the foregoing amendments, reaffirms its obligations under the Pledge, as amended by this Amendment, and covenants that the execution and delivery of this Amendment shall not in any way affect, impair or diminish its obligations under the Pledge.
Continuing Pledge. Pledgor hereby consents to the foregoing amendments, reaffirms its obligations under the Pledge, as amended by this Amendment, and covenants that the execution and delivery of this Amendment shall not in any way affect, impair or diminish its obligations under the Pledge. Pledgor reaffirms its obligation under the Pledge to renew the certificate evidencing the Account in the event the maturity date of such certificate is earlier than the Maturity Date of the Credit Facility.
Continuing Pledge. (a) This Agreement and the pledge created hereunder are continuing and shall remain in full force and effect so long as any monies remain owing to the Bank with respect to the Obligations, and shall not be amended, modified or terminated without the prior written consent of the Bank.
Continuing Pledge. The pledge made hereunder is of a continuing nature and applies to any and all debt of the Pledgor owing to the Pledgee, and the Pledgee may continue to make loans or otherwise extend credit to the Pledgor at any time and from time to time in reliance upon the pledge made hereunder until the Pledgee actually receives written notice from the Pledgor of the discontinuance hereof in respect of any debt arising or incurred by the Pledgor after the receipt of such notice by the Pledgee; provided, however, that the receipt of such notice shall not in any way whatsoever impair, affect, release or discharge the Pledgee's lien on or rights with respect to any of the Pledged Shares or impair or affect in any way any of the Pledgee's rights, powers, remedies or authority hereunder in respect of any debt or obligation arising or incurred prior to the Pledgee's receipt of such notice, and that this pledge shall remain in effect until all such debt or obligation arising or incurred prior to such receipt, and all interest thereon, has been fully paid or satisfied.
Continuing Pledge. The obligations of Pledgor under this Pledge Agreement shall remain in full force and effect without regard to, and shall not be impaired or affected by, (i) any amendment or modification or addition or supplement to the Note or any other instrument referred to herein or therein, or any assignment or transfer of any thereof, (ii) the exercise or non-exercise by Pledgee of any rights, remedies, powers or privileges under or in respect to the Note or any other instrument referred to herein or therein, or any assignment or transfer of any thereof or any waiver of any such rights, remedies, powers or privileges, (iii) any waiver, consent, extension, indulgence or other action or inaction in respect to the Note or any other instrument referred to herein or therein, or any assignment or transfer of any thereof, (iv) any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition,
Continuing Pledge. This Agreement shall create an effective continuing pledge without transfer of possession on and security interest in the Pledged Assets and shall remain in full force and effect and shall not be cancelled or diminished until the later of payment in full or release of the Secured Obligations, therefore, the Pledgor shall have no right to request the reduction of the pledge created hereunder in the Pledged Assets for any partial payments made under any of the Financing Documents and agrees to waive its rights under Article 349 of the LGTOC in such respect.
Continuing Pledge. This Pledge Agreement shall be a continuing pledge and any other guarantors of all or a portion of the Obligations may be released without affecting the liability of Pledgor hereunder.
Continuing Pledge. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (i) remain in full force and effect until payment in full of the Obligations, (ii) be binding upon Pledgor and its successors and assigns, and (iii) inure to the benefit of Secured Party and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (iii), Secured Party may assign or otherwise transfer any of its rights under this Agreement to any other person, and such person shall thereupon become vested with all the benefits in respect thereof granted to Secured Party herein or otherwise, provided that such members shall continue to remain liable for and shall not be released from any obligations of such members under this Agreement. Upon payment in full of the Obligations, Pledgor shall be entitled to the return, at Pledgor's expense, of such of the Pledged Collateral as shall not have been sold or otherwise applied pursuant to the terms hereof.
