EFFECTIVENESS OF THE PLEDGE. 4.1. The Pledge shall be a continuing, first ranking pledge and shall not be considered as discharged by any intermediate payment, satisfaction or settlement of any part of the Secured Liabilities or by reason of there being at any time no Secured Liabilities then owing. It shall remain in full force and effect until released in accordance with Clause 9.2 (Pledge Release).
EFFECTIVENESS OF THE PLEDGE. 6.1 The Pledge shall be a continuing first-ranking pledge (gage de premier rang) and shall not be considered as satisfied, discharged or prejudiced by any intermediate payment, satisfaction or settlement of any part of the Secured Obligations, but shall remain in full force and effect until it has been released in accordance with clause 12 below.
EFFECTIVENESS OF THE PLEDGE. (a) The Pledge shall be a continuing, first-ranking security, shall not be considered as satisfied or discharged or prejudiced by any intermediate payment, satisfaction or settlement of any part of the Obligations and shall remain in full force and effect until the expiry of the Security Period.
EFFECTIVENESS OF THE PLEDGE. (a) The Pledge shall be (i) registrable by the Lender delivering to NRC a Pledge Order duly executed by the Pledgor on the earlier of: (A) the Maturity Date and (B) the date of the occurrence of an Event of Default and (ii) fully enforceable by the Lender in accordance with the terms hereof from and after the earlier of such dates. Notwithstanding the foregoing, all other provisions of this Contract shall become effective upon its signing by the Parties.
EFFECTIVENESS OF THE PLEDGE. 1. The liens to be created hereunder in favour of the Collateral Agent shall be senior in all respects and prior to any other liens on the Security Assets, notwithstanding the date, manner or order of grant, attachment or perfection of such other liens.
EFFECTIVENESS OF THE PLEDGE. 12.1. The Pledge shall be a continuing first ranking security interest (gage de premier rang) and shall not be considered as satisfied or discharged or prejudiced by any intermediate payment or by the settlement of any part of the Secured Obligations and shall remain in full force and effect until it has been released in accordance with the terms of this Agreement.
EFFECTIVENESS OF THE PLEDGE. 4.1 In express derogation of Article 1200 of the Civil Code, the Pledge will remain in full force and effect notwithstanding any partial repayment or satisfaction of the Obligations, until the expiry of the Effective Period.
EFFECTIVENESS OF THE PLEDGE. 4.1. The Pledge shall be a continuing first ranking pledge (gage de premier rang) and shall not be considered as satisfied, discharged, prejudiced, waived or released by any intermediate payment, satisfaction or settlement of any part of the Foreign Obligations and shall remain in force until it has been released in accordance with Clause 7 of this Agreement.
EFFECTIVENESS OF THE PLEDGE. 7.1 The Pledge shall be cumulative, in addition to, and independent of every other security which the Central Bank may at any time hold as security for the Secured Obligations or any rights, powers and remedies provided by law and shall not operate so as in any way to prejudice or affect or be prejudiced or affected by any security interest or other right or remedy which the Central Bank may now or at any time in the future have in respect of the Secured Obligations.
EFFECTIVENESS OF THE PLEDGE. 8.1 The Pledge is absolute and unconditional, its validity and existence are autonomous, and it is cumulative to any other security interests and/or guarantee or any other right, faculty or remedy provided by law from which the Secured Creditors may, now or hereafter, benefit in relation to all or some of the Secured Obligations.
