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Common use of Pledge and Assignment Clause in Contracts

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"): (i) the Account, all funds held therein and all certificates and instruments, if any, from time to time representing or evidencing the Account; (ii) all Investments (as hereinafter defined) from time to time, and all certificates and instruments, if any, from time to time representing or evidencing the Investments; (iii) all notes, certificates of deposit, deposit accounts, checks and other instruments from time to time hereafter delivered to or otherwise possessed by the Collateral Agent for or on behalf of such Pledgor in substitution for or in addition to any or all of the then existing Collateral; (iv) all interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the then existing Collateral; and (v) all proceeds of any and all of the foregoing Collateral.

Appears in 2 contracts

Samples: Credit Agreement (General Inspection Laboratories Inc), Credit Agreement (General Inspection Laboratories Inc)

Pledge and Assignment. Each The 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 Lenders a security interest in, the following collateral (the "CollateralCOLLATERAL"): (i) the Account, all funds held therein and all certificates and instruments, if any, from time to time representing or evidencing the Account; (ii) all Investments (as hereinafter defined) from time to time, and all certificates and instruments, if any, from time to time representing or evidencing the Investments; (iii) all notes, certificates of deposit, deposit accounts, checks and other instruments from time to time hereafter delivered to or otherwise possessed by the Collateral Agent for or on behalf of such the Pledgor in substitution for or in addition to any or all of the then existing Collateral; (iv) all interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the then existing Collateral; and (v) all proceeds of any and all of the foregoing Collateral.

Appears in 2 contracts

Samples: Credit Agreement (CMS Energy Corp), Credit Agreement (CMS Energy Corp)

Pledge and Assignment. Each The 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 Lenders a security interest in, the following collateral (the "CollateralCOLLATERAL"): (i) the Account, all funds held therein and all certificates and instruments, if any, from time to time representing or evidencing the Account;; 74 (ii) all Investments (as hereinafter defined) from time to time, and all certificates and instruments, if any, from time to time representing or evidencing the Investments; (iii) all notes, certificates of deposit, deposit accounts, checks and other instruments from time to time hereafter delivered to or otherwise possessed by the Collateral Agent for or on behalf of such the Pledgor in substitution for or in addition to any or all of the then existing Collateral; (iv) all interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the then existing Collateral; and (v) all proceeds of any and all of the foregoing Collateral.

Appears in 1 contract

Samples: Credit Agreement (Consumers Energy Co)

Pledge and Assignment. Each The 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 Lenders a security interest in, the following collateral (the "Collateral"): (i) the Account, all funds held therein and all certificates and instruments, if any, from time to time representing or evidencing the Account; (ii) all Investments (as hereinafter defined) from time to time, and all certificates and instruments, if any, from time to time representing or evidencing the Investments; (iii) all notes, certificates of deposit, deposit accounts, checks and other instruments from time to time hereafter delivered to or otherwise possessed by the Collateral Agent for or on behalf of such the Pledgor in substitution for or in addition to any or all of the then existing Collateral; (iv) all interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the then existing Collateral; and (v) all proceeds of any and all of the foregoing Collateral.

Appears in 1 contract

Samples: Credit Agreement (CMS Energy Corp)

Pledge and Assignment. Each Pledgor The Seller hereby pledges and assigns to the Collateral Agent Agent, for its benefit and the ratable benefit of the Lenders, Agents and the other HoldersBuyer, and hereby grants to the Collateral Agent Agent, for its benefit and the ratable benefit of the LendersBuyer, the Agents a continuing lien and the other Holders a security interest in, the following collateral (the "Account Collateral"): (i) the Account, all funds held therein Collateral Account and all certificates and instruments, if any, from time to time credited to or representing or evidencing the AccountCollateral Account and all funds therein; (ii) all Investments (as hereinafter defined) from time to time, time and all certificates and instruments, if any, from time to time credited to or representing or evidencing the Investments; (iii) all notes, certificates of deposit, deposit accounts, checks and other instruments from time to time hereafter delivered to or otherwise possessed by the Collateral Agent for or on behalf of such Pledgor the Seller in substitution for or in addition to any or all of the then existing Account Collateral; (iv) all interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the then existing Account Collateral; and (v) to the extent not covered by clauses (i) through (iv) above, all proceeds of any and or all of the foregoing Account Collateral.

Appears in 1 contract

Samples: Cash Collateral Agreement (Petrie Stores Corp)

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"): (i) the Account, all funds held therein and all certificates and instruments, if any, from time to time representing or evidencing the Account; (ii) all Investments (as hereinafter defined) from time to time, and all certificates and instruments, if any, from time to time representing or evidencing the Investments; (iii) all notes, certificates of deposit, deposit accounts, checks and other instruments from time to time hereafter delivered to or otherwise possessed by the Collateral Agent for or on behalf of such Pledgor in substitution for or in addition to any or all of the then existing Collateral; (iv) all interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the then existing Collateral; and (v) all proceeds of any and all of the foregoing Collateral. Each Existing Pledgor reaffirms its pledge of a security interest in the Pledged Collateral made as of October 31, 1997.

Appears in 1 contract

Samples: Credit Agreement (Stellex Industries Inc)