Common use of Duration and Effect Clause in Contracts

Duration and Effect. This Pledge Agreement shall remain and continue in full force and effect (notwithstanding, without limitation, the dissolution of Borrower) from the date hereof until all of the Obligations have been fully and completely paid, satisfied and discharged. Thereupon, this Pledge Agreement shall terminate and Agent shall release any Collateral still held by it which has not been sold or otherwise disposed of in accordance with Section 6 hereof and applied toward the satisfaction of the Obligations hereunder, and Agent shall deliver any such Collateral to Assignor, together with any necessary stock powers or assignment executed by Agent in blank, at Assignor's expense. Assignor acknowledges that this Pledge Agreement is and shall be effective upon execution by Assignor and delivery to and acceptance hereof by Agent, and it shall not be necessary for Agent to execute any acceptance hereof or otherwise to signify or express its acceptance hereof to Assignor.

Duration and Effect. This Pledge Agreement shall remain and continue in full force and effect (notwithstanding, without limitation, the death, incompetency or dissolution of the Assignor or the Borrower) from the date hereof until all of the Obligations have been fully and completely paid, satisfied and discharged. Thereupon, this Pledge Agreement shall terminate and Agent the Bank shall release any Collateral still held by it which has not been sold or otherwise disposed of in accordance with Section 6 hereof and applied toward the satisfaction of the Obligations hereunder, and Agent the Bank shall deliver any such Collateral to the Assignor, together with any necessary stock powers or assignment executed by Agent the Bank in blank, at the Assignor's expense. The Assignor acknowledges that this Pledge Agreement is and shall be effective upon execution by the Assignor and delivery to and acceptance hereof by Agent, the Bank and it shall not be necessary for Agent the Bank to execute any acceptance hereof or otherwise to signify or express its acceptance hereof to the Assignor.

Duration and Effect. This Pledge Agreement shall remain and continue in full force and effect (notwithstanding, without limitation, the dissolution of any Borrower) from the date hereof until all of the Obligations have been fully and completely paid, satisfied and discharged. Thereupon, this Pledge Agreement shall terminate and Agent Lender shall release any Collateral still held by it which has not been sold or otherwise disposed of in accordance with Section 6 hereof and applied toward the satisfaction of the Obligations hereunder, and Agent Lender shall deliver any such Collateral to Assignor, together with any necessary stock powers or assignment executed by Agent Lender in blank, at Assignor's expense. Assignor acknowledges that this Pledge Agreement is and shall be effective upon execution by Assignor and delivery to and acceptance hereof by AgentLender, and it shall not be necessary for Agent Lender to execute any acceptance hereof or otherwise to signify or express its acceptance hereof to Assignor.. XXXXXXXXX XXXXXXXX CREDIT II LLC

Duration and Effect. This Pledge Agreement shall remain and --------------------- continue in full force and effect (notwithstanding, without limitation, the death, incompetency or dissolution of the Assignor or the Borrower) from the date hereof until all of the Obligations have been fully and completely paid, satisfied and discharged. Thereupon, this Pledge Agreement shall terminate and Agent the Bank shall release any Collateral still held by it which has not been sold or otherwise disposed of in accordance with Section 6 hereof and applied toward the satisfaction of the Obligations hereunder, and Agent the Bank shall deliver delivery any such Collateral to the Assignor, together with any necessary stock powers or assignment executed by Agent the Bank in blank, at the Assignor's expense. The Assignor acknowledges that this Pledge Agreement is and shall be effective upon execution by the Assignor and delivery to and acceptance hereof by Agent, the Bank and it shall not be necessary for Agent the Bank to execute any acceptance hereof or otherwise to signify or express its acceptance hereof to the Assignor.

Duration and Effect. This Pledge Agreement shall remain and continue in full force and effect (notwithstanding, without limitationwithoutlimitation, the dissolution of BorrowerAssignor) from the date hereof until all of the Obligations have been fully and completely paid, satisfied and dischargeddischarged (other than contingent indemnification obligations that by their terms survive the termination of this Pledge Agreement or any other Loan. Document). Thereupon, this Pledge Agreement shall terminate and Agent Lender shall release any Collateral still held by it which has not been sold or otherwise disposed of in accordance accordance. with Section 6 .6 hereof and applied toward the satisfaction of the Obligations hereunder, and Agent Lender shall deliver any such Collateral to the Assignor, together with any necessary stock powers or assignment executed by Agent Lender in blank, at Assignor's ’s expense. Assignor acknowledges that this Pledge Agreement is and shall be effective upon execution by Assignor and delivery to and acceptance hereof by AgentLender, and it shall not be necessary for Agent Lender to execute any acceptance hereof or otherwise to signify or express its acceptance hereof to Assignor.