Common use of Creation of the Pledge Clause in Contracts

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

Creation of the Pledge. As continuing 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 NonGC Pooling Re-CmaX use Pledged Securities Account(s) and hereby grants to the Pledgee a the Pledge (“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 Non-relevant CmaX ISA Direct Luxembourg Pledged Securities Account(s) and hereby grants to the Pledgee a Pledge first ranking security (“gage”) over such Relevant Pledged Assets.