Pledge given by CY1 Sample Clauses

Pledge given by CY1. CY1 shall provide a fixed and floating pledge on its assets, as a continuing security to VHC, of the following Secured Obligations: (i) the due and timely payment in full of all Considerations due to VHC by MCY, and specifically the CY1 & CY2 SPA Considerations and all other monetary obligations under the CY1 & CY2 SPA by MCY to VHC; (ii) the due and timely performance and discharge in full of all other non-monetary obligations of MCY under the above Transfer Agreement to VHC; (iii) the due and timely performance and discharge in full of the obligations of MCY and all other Debtors under this Agreement and the other Framework Documents towards VHC and each and any of the Secured Parties; and (iv) the due and timely performance and discharge in full of its own obligations under this Agreement and the other Framework Documents towards VHC.