Common use of DURATION AND INDEPENDENCE Clause in Contracts

DURATION AND INDEPENDENCE. 12.1 This Agreement shall remain in full force and effect until complete satisfaction of the Obligations. The Pledge shall not cease to exist, if the Grantors under the Credit Documents have only temporarily discharged the Obligations. 12.2 This Agreement shall create a continuing security and no change, amendment, or supplement whatsoever in the Credit Documents or in any document or agreement related to any of the Credit Documents shall affect the validity or the scope of this Agreement nor the obligations which are imposed on the Pledgor pursuant to it. 12.3 This Agreement is independent from any other security or guarantee which may have been or will be given to the Pledgee. None of such other security shall prejudice, or shall be prejudiced by, or shall be merged in any way with this Agreement.

Appears in 57 contracts

Samples: Account Pledge Agreement (Beverage Packaging Holdings (Luxembourg) v S.A.), Account Pledge Agreement (Beverage Packaging Holdings (Luxembourg) v S.A.), Account Pledge Agreement (Beverage Packaging Holdings (Luxembourg) v S.A.)

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DURATION AND INDEPENDENCE. 12.1 This Agreement shall remain in full force and effect until complete satisfaction of the Obligations. The Pledge Pledges shall not cease to exist, if the Grantors under the Credit Documents have only temporarily discharged the Obligations. 12.2 This Agreement shall create a continuing security and no change, amendment, or supplement whatsoever in the Credit Documents or in any document or agreement related to any of the Credit Documents shall affect the validity or the scope of this Agreement nor the obligations which are imposed on the Pledgor pursuant to it. 12.3 This Agreement is independent from any other security or guarantee which may have been or will be given to the PledgeePledgees or the Collateral Agent. None of such other security shall prejudice, or shall be prejudiced by, or shall be merged in any way with this Agreement.

Appears in 14 contracts

Samples: Account Pledge Agreement (RenPac Holdings Inc.), Account Pledge Agreement (RenPac Holdings Inc.), Account Pledge Agreement (RenPac Holdings Inc.)

DURATION AND INDEPENDENCE. 12.1 14.1 This Agreement shall remain in full force and effect until complete satisfaction of the Obligations. The Pledge shall not cease to exist, if the Grantors any Grantor under the Credit Documents have has only temporarily discharged the Obligations. 12.2 14.2 This Agreement shall create a continuing security and no change, amendment, or supplement whatsoever in the Credit Documents or in any document or agreement related to any of the Credit Documents shall affect the validity or the scope of this Agreement nor the obligations which are imposed on the Pledgor pursuant to it. 12.3 14.3 This Agreement is independent from any other security or guarantee which may have been or will be given to the PledgeeCollateral Agent. None of such other security shall prejudice, or shall be prejudiced by, or shall be merged in any way with this Agreement.

Appears in 6 contracts

Samples: Share Pledge Agreement (RenPac Holdings Inc.), Share Pledge Agreement (RenPac Holdings Inc.), Share Pledge Agreement (RenPac Holdings Inc.)

DURATION AND INDEPENDENCE. 12.1 11.1 This Agreement shall remain in full force and effect until complete satisfaction of the Obligations. The Pledge Pledges shall not cease to exist, if the Grantors under the Credit Documents have only temporarily discharged the Obligations. 12.2 11.2 This Agreement shall create a continuing security and no change, amendment, or supplement whatsoever in the Credit Documents or in any document or agreement related to any of the Credit Documents shall affect the validity or the scope of this Agreement nor the obligations which are imposed on the Pledgor pursuant to it. 12.3 11.3 This Agreement is independent from any other security or guarantee which may have been or will be given to the Pledgee. None of such other security shall prejudice, or shall be prejudiced by, or shall be merged in any way with this Agreement.

Appears in 4 contracts

Samples: Account Pledge Agreement (Beverage Packaging Holdings (Luxembourg) v S.A.), Account Pledge Agreement (RenPac Holdings Inc.), Account Pledge Agreement (RenPac Holdings Inc.)

DURATION AND INDEPENDENCE. 12.1 This Agreement shall remain in full force and effect until complete satisfaction of the Obligations. The Pledge Pledges shall not cease to exist, if the Grantors under the Credit Documents have only temporarily discharged the Obligations. 12.2 This Agreement shall create a continuing security and no change, amendment, or supplement whatsoever in the Credit Documents or in any document or agreement related to any of the Credit Documents shall affect the validity or the scope of this Agreement nor the obligations which are imposed on the Pledgor pursuant to it. 12.3 This Agreement is independent from any other security or guarantee which may have been or will be given to the Pledgee. None of such other security shall prejudice, or shall be prejudiced by, or shall be merged in any way with this Agreement.

Appears in 4 contracts

Samples: Account Pledge Agreement (Beverage Packaging Holdings (Luxembourg) v S.A.), Account Pledge Agreement (Beverage Packaging Holdings (Luxembourg) v S.A.), Account Pledge Agreement (RenPac Holdings Inc.)

DURATION AND INDEPENDENCE. 12.1 11.1 This Agreement shall remain in full force and effect until complete satisfaction of the Obligations. The Pledge shall not cease to exist, if the Grantors under the Credit Documents have only temporarily discharged the Obligations. 12.2 11.2 This Agreement shall create a continuing security and no change, amendment, or supplement whatsoever in the Credit Documents or in any document or agreement related to any of the Credit Documents shall affect the validity or the scope of this Agreement nor the obligations which are imposed on the Pledgor pursuant to it. 12.3 11.3 This Agreement is independent from any other security or guarantee which may have been or will be given to the Pledgee. None of such other security shall prejudice, or shall be prejudiced by, or shall be merged in any way with this Agreement.

Appears in 4 contracts

Samples: Account Pledge Agreement (Beverage Packaging Holdings (Luxembourg) v S.A.), Account Pledge Agreement (RenPac Holdings Inc.), Account Pledge Agreement (RenPac Holdings Inc.)

DURATION AND INDEPENDENCE. 12.1 13.1 This Agreement shall remain in full force and effect until complete satisfaction of the Obligations. The Pledge Pledges shall not cease to exist, if the Grantors any Grantor under the Credit Documents have has only temporarily discharged the Obligations. 12.2 13.2 This Agreement shall create a continuing security and no change, amendment, or supplement whatsoever in the Credit Documents or in any document or agreement related to any of the Credit Documents shall affect the validity or the scope of this Agreement nor the obligations which are imposed on the Pledgor pursuant to it. 12.3 13.3 This Agreement is independent from any other security or guarantee which may have been or will be given to the Pledgee. None of such other security shall prejudice, or shall be prejudiced by, or shall be merged in any way with this Agreement.

Appears in 2 contracts

Samples: Pledge Agreement (Beverage Packaging Holdings (Luxembourg) v S.A.), Pledge Agreement (RenPac Holdings Inc.)

DURATION AND INDEPENDENCE. 12.1 14.1 This Agreement shall remain in full force and effect until complete satisfaction of the Obligations. The Pledge Pledges shall not cease to exist, if the Grantors any Grantor under the Credit Documents have has only temporarily discharged the Obligations. 12.2 14.2 This Agreement shall create a continuing security and no change, amendment, or supplement whatsoever in the Credit Documents or in any document or agreement related to any of the Credit Documents shall affect the validity or the scope of this Agreement nor the obligations which are imposed on the Pledgor pursuant to it. 12.3 14.3 This Agreement is independent from any other security or guarantee which may have been or will be given to the PledgeePledgees or the Collateral Agent. None of such other security shall prejudice, or shall be prejudiced by, or shall be merged in any way with this Agreement.

Appears in 2 contracts

Samples: Share Pledge Agreement (RenPac Holdings Inc.), Share Pledge Agreement (RenPac Holdings Inc.)

DURATION AND INDEPENDENCE. 12.1 11.1 This Agreement shall remain in full force and effect until complete satisfaction of the Obligations. The Pledge Pledges shall not cease to exist, if the Grantors under the Credit Documents have only temporarily discharged the Obligations. 12.2 11.2 This Agreement shall create a continuing security and no change, amendment, or supplement whatsoever in the Credit Documents or in any document or agreement related to any of the Credit Documents shall affect the validity or the scope of this Agreement nor the obligations which are imposed on the Pledgor pursuant to it. 12.3 11.3 This Agreement is independent from any other security or guarantee which may have been or will be given to the PledgeePledgees or the Collateral Agent. None of such other security shall prejudice, or shall be prejudiced by, or shall be merged in any way with this Agreement.

Appears in 2 contracts

Samples: Account Pledge Agreement (RenPac Holdings Inc.), Account Pledge Agreement (RenPac Holdings Inc.)

DURATION AND INDEPENDENCE. 12.1 14.1 This Agreement shall remain in full force and effect until complete satisfaction of the Obligations. The Pledge Pledges shall not cease to exist, if the Grantors any Grantor under the Credit Documents have has only temporarily discharged the Obligations. 12.2 14.2 This Agreement shall create a continuing security and no change, amendment, or supplement whatsoever in the Credit Documents or in any document or agreement related to any of the Credit Documents shall affect the validity or the scope of this Agreement nor the obligations which are imposed on the Pledgor pursuant to it. 12.3 14.3 This Agreement is independent from any other security or guarantee which may have been or will be given to the PledgeeCollateral Agent. None of such other security shall prejudice, or shall be prejudiced by, or shall be merged in any way with this Agreement.

Appears in 2 contracts

Samples: Share Pledge Agreement (Reynolds Group Holdings LTD), Share Pledge Agreement (Reynolds Group Holdings LTD)

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DURATION AND INDEPENDENCE. 12.1 14.1 This Agreement shall remain in full force and effect until complete satisfaction of the Obligations. The Pledge Pledges shall not cease to exist, if the Grantors any Grantor under the Credit Documents have has only temporarily discharged the Obligations. 12.2 14.2 This Agreement shall create a continuing security and no change, amendment, or supplement whatsoever in the Credit Documents or in any document or agreement related to any of the Credit Documents shall affect the validity or the scope of this Agreement nor the obligations which are imposed on the Pledgor Pledgors pursuant to it. 12.3 14.3 This Agreement is independent from any other security or guarantee which may have been or will be given to the PledgeeCollateral Agent. None of such other security shall prejudice, or shall be prejudiced by, or shall be merged in any way with this Agreement.

Appears in 1 contract

Samples: Share Pledge Agreement (RenPac Holdings Inc.)

DURATION AND INDEPENDENCE. 12.1 This Agreement shall remain in full force and effect until complete satisfaction of the Secured Obligations. The Pledge Pledges shall not cease to exist, exist if the Grantors under the Credit Documents Secured Obligations have only temporarily discharged the Obligationsbeen discharged. 12.2 This Agreement shall create a continuing security and no change, amendment, re­ statement or supplement whatsoever in the Credit Finance Documents or in any document or agreement related to any of the Credit Finance Documents shall affect the validity or the scope of this Agreement nor the obligations which are imposed on the Pledgor pursuant to it. 12.3 This Agreement is independent from any other security or guarantee which may have been or will be given to the Pledgee. None of such other security shall prejudice, or shall be prejudiced by, or shall be merged in any way with this Agreement.

Appears in 1 contract

Samples: Credit Agreement (International Shipholding Corp)

DURATION AND INDEPENDENCE. 12.1 This Agreement shall remain in full force and effect until complete satisfaction of the Obligations. The Pledge shall not cease to exist, if the Grantors any Grantor under the Credit Documents have has only temporarily discharged the Obligations. 12.2 This Agreement shall create a continuing security and no change, amendment, or supplement whatsoever in the Credit Documents or in any document or agreement related to any of the Credit Documents shall affect the validity or the scope of this Agreement nor the obligations which are imposed on the Pledgor pursuant to it. 12.3 This Agreement is independent from any other security or guarantee which may have been or will be given to the PledgeeCollateral Agent. None of such other security shall prejudice, or shall be prejudiced by, or shall be merged in any way with this Agreement.

Appears in 1 contract

Samples: Share Pledge Agreement (Reynolds Group Holdings LTD)

DURATION AND INDEPENDENCE. 12.1 13.1 This Agreement shall remain in full force and effect until complete satisfaction of the Obligations. The Pledge Pledges shall not cease to exist, if the Grantors any Grantor under the Credit Documents have has only temporarily discharged the Obligations. 12.2 13.2 This Agreement shall create a continuing security and no change, amendment, or supplement whatsoever in the Credit Documents or in any document or agreement related to any of the Credit Documents shall affect the validity or the scope of this Agreement nor the obligations which are imposed on the Pledgor pursuant to it. 12.3 13.3 This Agreement is independent from any other security or guarantee which may have been or will be given to the PledgeePledgees or the Collateral Agent. None of such other security shall prejudice, or shall be prejudiced by, or shall be merged in any way with this Agreement.

Appears in 1 contract

Samples: Partnership Interest Pledge Agreement (RenPac Holdings Inc.)

DURATION AND INDEPENDENCE. 12.1 This Agreement shall remain in full force and effect until complete satisfaction of the Secured Obligations. The Pledge Pledges shall not cease to exist, if the Grantors under the Credit Documents have Pledgor has only temporarily discharged the Secured Obligations. 12.2 This Agreement shall create a continuing security and no change, amendment, or supplement whatsoever in the Credit Documents Indenture or in any document or agreement related to any of the Credit Documents Indenture shall affect the validity or the scope of this Agreement nor the obligations which are imposed on the Pledgor pursuant to it. 12.3 This Agreement is independent from any other security or guarantee which may have been or will be given to the Pledgee. None of such other security shall prejudice, or shall be prejudiced by, or shall be merged in any way with this Agreement.

Appears in 1 contract

Samples: Share Pledge Agreement (Kronos International Inc)

DURATION AND INDEPENDENCE. 12.1 13.1 This Agreement shall remain in full force and effect until complete satisfaction of the Obligations. The Pledge Pledges shall not cease to exist, if the Grantors any Grantor under the Credit Documents have has only temporarily discharged the Obligations. 12.2 13.2 This Agreement shall create a continuing security and no change, amendment, or supplement whatsoever in the Credit Documents or in any document or agreement related to any of the Credit Documents shall affect the validity or the scope of this Agreement nor the obligations which are imposed on the Pledgor Pledgors pursuant to it. 12.3 13.3 This Agreement is independent from any other security or guarantee which may have been or will be given to the Pledgee. None of such other security shall prejudice, or shall be prejudiced by, or shall be merged in any way with this Agreement.

Appears in 1 contract

Samples: Junior Share and Partnership Interest Pledge Agreement (RenPac Holdings Inc.)

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