Continuing Security Interest; Assignments. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) remain in full force and effect until termination as provided in Section 17, (b) be binding upon the Pledgor, the Secured Party and their respective successors and assigns, and (c) inure, together with the rights, powers and remedies of the Pledgor and the Secured Party hereunder, to the benefit of the Pledgor and the Secured Party and their respective successors, transferees and assigns, as the case may be. Notwithstanding the foregoing clause (b), Pledgor shall not be permitted to assign this Agreement or any interest herein.
Appears in 3 contracts
Samples: Stock Pledge Agreement (CSK Auto Corp), Stock Pledge Agreement (Carter William Co /Ga/), Stock Pledge Agreement (CSK Auto Corp)
Continuing Security Interest; Assignments. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (a) remain in full force and effect until termination as provided in Section 17, (b) be binding upon the Pledgor, the Secured Party and their respective successors and assigns, and (c) inure, together with the rights, powers and remedies of the Pledgor and the Secured Party hereunder, to the benefit of the Pledgor and the Secured Party and their respective successors, transferees and assigns, as the case may be. Notwithstanding the foregoing clause (b), Pledgor shall not be permitted to assign this Agreement or any interest herein.
Appears in 1 contract
Continuing Security Interest; Assignments. This Agreement shall create a continuing security interest in the Pledged Collateral or the proceeds therefrom as provided in Section 9(b) and shall (a) remain in full force and effect until termination as provided in Section 1718, (b) be binding upon the Pledgor, the Secured Party and their respective successors and assigns, and (c) inure, together with the rights, powers and remedies of the Pledgor and the Secured Party hereunder, to the benefit of the Pledgor and the Secured Party and their respective successors, transferees and assigns, as the case may be. Notwithstanding the foregoing clause (b), Pledgor shall not be permitted to assign this Agreement or any interest herein.foregoing
Appears in 1 contract
Samples: Form of Stock Pledge Agreement (Chief Auto Parts Inc)
