Common use of EFFECTIVENESS OF THE PLEDGE Clause in Contracts

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. 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).

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.

EFFECTIVENESS OF THE PLEDGE. 4.1. The Pledge shall be a continuing, continuing first ranking pledge (gage de premier rang) and shall not be considered as discharged satisfied, discharged, prejudiced, waived or released 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 Foreign Obligations and shall remain in full force and effect until it has been released in accordance with Clause 9.2 (Pledge Release)7 of this Agreement.