Pledge and Assignment. As security for the Secured Obligations (as defined below), the Company hereby irrevocably pledges, assigns and grants to the Trustee, for the equal and ratable benefit of the Holders of the Notes, a first priority continuing security interest in, and control of, all of the Company’s right, title and interest in and to all of the following whether now owned or existing or hereafter acquired or created (collectively, the “Collateral”):
Pledge and Assignment. Any company which succeeds by purchase, merger, or consolidation to the properties, substantially as an entirety, of Shipper, or of Transporter, as the case may be, is entitled to the rights and is subject to the obligations of its predecessor in title under this Service Agreement; and either the Shipper or Transporter may assign or pledge this Service Agreement under the provisions of any mortgage, deed of trust, indenture, bank credit agreement, assignment or similar instrument which they have executed or may execute hereafter. Otherwise, neither Xxxxxxx nor Transporter may assign this Service Agreement or any of their rights hereunder unless they first obtain the consent in writing of the other party which consent will not be withheld unreasonably; provided further, however, that neither Xxxxxxx nor Transporter may be released from its obligations under this Service Agreement without the consent of the other, which consent will not be withheld unreasonably.
Pledge and Assignment. Each Pledgor hereby pledges and assigns to the Collateral Agent for its benefit and the ratable benefit of the Lenders, Agents and the other Holders, and grants to the Collateral Agent for its benefit and the ratable benefit of the Lenders, the Agents and the other Holders a security interest in, the following collateral (the "Collateral"):
Pledge and Assignment. The School District hereby assigns and pledges to the Authority a sufficient portion of any and all public funds to be apportioned or otherwise to be made payable by the State to the School District to cover the payments required hereunder and directs and acknowledges that such amounts shall be paid directly to the Trustee as provided in the Act and the Memorandum of Understanding upon the occurrence of any Event of Default hereunder. Such assignment and pledge shall be irrevocable and shall continue until the date on which the liabilities of the Authority and the School District with respect to the Project have been discharged and the School District’s Proportionate Share of the Authority Bonds have been paid or otherwise discharged. The School District agrees that it will not create or suffer to be created any pledge or assignment of the public funds mentioned in this Section to be apportioned or otherwise payable by the State other than pledges or assignments to secure subsequent Series of Authority Bonds or to secure bonds issued by any agency or instrumentality of the United States of America or the State of New York or any authority, agency or political subdivision thereof, or as otherwise consented to in writing by the Authority.
Pledge and Assignment. Subject to the provisions of Article VI below, sell, transfer or pledge JV Member’s interests in the Company or any Subsidiary.
Pledge and Assignment. (a) Subject only to the provisions of this Indenture permitting the application thereof for the purposes and on the terms and conditions set forth herein, there are hereby pledged to secure the payment of the principal of and interest on the Bonds in accordance with their terms and the provisions of this Indenture, all of the Payments and any other amounts (excluding proceeds of the sale of Bonds) held in any fund or account (other than the Rebate Fund) established pursuant to this Indenture. Said pledge shall constitute a lien on and security interest in such assets and shall attach and be valid and binding from and after delivery of the Bonds, without any physical delivery thereof or further act.
Pledge and Assignment. As security for Borrower's performance --------------------- under the Loan Documents, Borrower irrevocably pledges and assigns to Lender all monies at any time deposited in the Account and the Borrower's Funds Account.
Pledge and Assignment. The Grantor hereby grants and makes a common law pledge and assignment to the Lender of all Refinery Accounts (defined below) and all credit balances therein from time to time. “Refinery Accounts” means any account or allocation, and the credit balances in dollars or Minerals therein, of or for the benefit of the Grantor at or with any refinery or processing facility to which Minerals severed from or attributable to the Lands are delivered or held, expressly including all accounts of the Grantor presently in effect, or hereafter constituted, at [*].
Pledge and Assignment. Pursuant to the Purchase Agreement and the --------------------- Promissory Note, and in order to secure the payment and performance in full of all of the Pledgor's Obligations (whether existing on the date of this Agreement or arising at any time or times thereafter), the Pledgor, as beneficial owner, hereby pledges, hypothecates and assigns to the Pledgee, and hereby grants to the Pledgee a continuing security interest in, the following: (a) each of the Initial Pledged Securities and all of the certificates representing the Initial Pledged Securities; (b) all of the Pledged Securities which shall be issued, distributed or transferred at any time or times after the date of this Agreement and all of the certificates representing such Pledged Securities; (c) all of the Pledged Securities Dividends; and (d) all of the Pledgor's rights, title, interests, claims and remedies and all other benefits whatever now existing or hereafter arising in, to, under or in respect of all of the Initial Pledged Securities, all of the other Pledged Securities, all of the Pledged Securities Dividends and all of the income and proceeds of any thereof. TO HAVE AND TO HOLD all of the foregoing unto the Pledgee, subject, however, to the terms and conditions set forth in this Agreement. ------- -------
Pledge and Assignment. The Pledgor hereby pledges and assigns to the Department all of the Pledgor’s right, title and interest in and to the accounts, debt and equity securities, bonds, deposits, instruments and/or other financial assets that are described in attached Exhibit A held by or at the Intermediary, and all books and records relating thereto (“Pledged Assets”), for the purpose of satisfying the Pledgor’s obligations under ORS 656.407. The Pledgor consents to the Department’s control over the Pledged Assets and agrees that the only instructions that shall be given to the Intermediary respecting the Pledged Assets shall be given by Department. No Pledged Assets shall be released from the security interest created hereunder without execution of a new Exhibit A by the Pledgor and the Department, and such release shall be effective only upon delivery to and acknowledgement by the Intermediary of the new Exhibit A. If Pledged Assets are securities: (i) they will be held by the Intermediary in fully transferable form and under the control of the Department; (ii) non-negotiable Pledged Assets shall have proper instruments attached to enable the Department to effect transfer of title should the Pledgor be unable to fulfill its obligations under ORS 656.407; (iii) the Intermediary will issue a safekeeping receipt for the Pledged Assets to the Department, which will describe the Pledged Assets, the par value, and the name of the Pledgor; (iv) the value placed on the Pledged Assets shall be market value. The Pledgor agrees to sign and deliver to the Department any other notices or writings the Department may deem necessary or desirable to perfect the Department’s security interest in the Pledged Assets, including but not limited to a Uniform Commercial Code financing statement. The Department shall have and may exercise any or all of the rights and remedies of a secured creditor under the provisions of the Uniform Commercial Code of the State of Oregon, at law, in equity, under this Agreement, or otherwise. All such rights and remedies shall be cumulative and may be exercised singularly or concurrently. The Pledged Assets and the proceeds of the Pledged Assets will not be released prior to the period required by ORS 656.443(3) or such other period as the Department considers proper.
