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).
Appears in 10 contracts
Samples: Share Pledge Agreement, Account Pledge Agreement, Account Pledge Agreement
EFFECTIVENESS OF THE PLEDGE. 4.1. (a) 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 Liability then owing. It shall remain in full force and effect until released in accordance with Clause 9.2 (Pledge Release).
Appears in 4 contracts
Samples: Receivables Pledge Agreement, Receivables Pledge Agreement, Receivables Pledge Agreement
EFFECTIVENESS OF THE PLEDGE. 4.1. 6.1 The Pledge shall be a continuing, 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 Liabilities or by reason of there being at any time no Secured Liabilities then owing. It Liabilities, but shall remain in full force and effect until it has been released in accordance with Clause 9.2 (Pledge Release)12 below.
Appears in 2 contracts
Samples: Account Pledge Agreement (Grand Chip Investment GmbH), Share Pledge Agreement (Grand Chip Investment GmbH)
