Common use of Creation of the Pledge Clause in Contracts

Creation of the Pledge. As continuing first ranking security for the full payment, discharge and performance of the Secured Liabilities, the Pledgor hereby pledges to the Pledgee all the Pledged Assets and hereby grants to the Pledgee a first ranking security (“gage”) over such Pledged Assets.

Creation of the Pledge. As continuing first ranking security for the full payment, discharge and performance of the Relevant Secured Liabilities, the Pledgor hereby pledges to the Pledgee all the Relevant Pledged Assets which are at present or are in the future deposited in the GC Pooling Re- use ISA Direct Luxembourg Pledged Securities Account(s) and hereby grants to the Pledgee a first ranking security (“gage”) over such Relevant Pledged Assets.

Creation of the Pledge. As continuing first ranking security for the due and full payment, discharge and performance of the Relevant Secured Liabilities, the Pledgor hereby pledges to the Pledgee all the Relevant Pledged Assets which are at present or are in the future deposited in the relevant Luxembourg ISA Direct Pledged Securities Account(s) and hereby grants to the Pledgee a first ranking security (“gage”) over such Relevant Pledged Assets.

Creation of the Pledge. As continuing first ranking security for the full payment, discharge and performance payment when due of the Secured Liabilities, the Pledgor Pledgor, hereby pledges to the Pledgee all the Pledged Assets and hereby grants to the Pledgee a first ranking security (“gage”) over such pledge in the Pledged Assets. The Pledgee and the Company accept and acknowledge the Pledge.