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. 12.4 Waiving Section 418 of the German Civil Code, the Pledgor hereby agrees that the security created hereunder shall not be affected by any transfer or assumption of the Obligations to, or by, any third party.
Appears in 17 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.)
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.
12.4 13.4 Waiving Section 418 of the German Civil Code, the each Pledgor hereby agrees that the security created hereunder shall not be affected by any transfer or assumption of the Obligations to, or by, any third party.
Appears in 3 contracts
Samples: Non Notarial Share and Interest Pledge Agreement, Junior Share and Partnership Interest Pledge Agreement (Beverage Packaging Holdings (Luxembourg) v S.A.), Junior Share and Partnership Interest 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 PledgeeCollateral Agent. None of such other security shall prejudice, or shall be prejudiced by, or shall be merged in any way with this Agreement.
12.4 13.4 Waiving Section 418 of the German Civil Code, the Pledgor hereby agrees that the security created hereunder shall not be affected by any transfer or assumption of the Obligations to, or by, any third party.
Appears in 3 contracts
Samples: Pledge Agreement (RenPac Holdings Inc.), Share Pledge Agreement (RenPac Holdings Inc.), Share 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 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.
12.4 13.4 Waiving Section 418 of the German Civil Code, the Pledgor hereby agrees that the security created hereunder shall not be affected by any transfer or assumption of the Obligations to, or by, any third party.
Appears in 2 contracts
Samples: Share Pledge Agreement (RenPac Holdings Inc.), Share 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.
12.4 13.4 Waiving Section 418 of the German Civil Code, the Pledgor hereby agrees that the security created hereunder shall not be affected by any transfer or assumption of the Obligations to, or by, any third party.
Appears in 2 contracts
Samples: Pledge Agreement (RenPac Holdings Inc.), 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.
12.4 Waiving Section 418 of the German Civil Code, the Pledgor hereby agrees that the security created hereunder shall not be affected by any transfer or assumption of the Obligations to, or by, any third party.
Appears in 2 contracts
Samples: Account Pledge Agreement, Account Pledge Agreement (Beverage Packaging Holdings (Luxembourg) v S.A.)
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.
12.4 14.4 Waiving Section 418 of the German Civil Code, the Pledgor hereby agrees that the security created hereunder shall not be affected by any transfer or assumption of the Obligations to, or by, any third party.
Appears in 2 contracts
Samples: Share Pledge Agreement (RenPac Holdings Inc.), Share 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.
12.4 14.4 Waiving Section 418 of the German Civil Code, the Pledgor hereby agrees that the security created hereunder shall not be affected by any transfer or assumption of the Obligations to, or by, any third party.
Appears in 1 contract
Samples: Share Pledge Agreement (Reynolds Group Holdings LTD)
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.
12.4 11.4 Waiving Section 418 of the German Civil Code, the Pledgor hereby agrees that the security created hereunder shall not be affected by any transfer or assumption of the Obligations to, or by, any third party.
Appears in 1 contract
DURATION AND INDEPENDENCE. 12.1 13.1 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 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 PledgeeCollateral Agent. None of such other security shall prejudice, or shall be prejudiced by, or shall be merged in any way with this Agreement.
12.4 13.4 Waiving Section 418 of the German Civil Code, the Pledgor hereby agrees that the security created hereunder shall not be affected by any transfer or assumption of the Obligations to, or by, any third party.
Appears in 1 contract