Pledge of Debenture. 5.2 This debenture may be pledged by the Debtor as security for its indebtedness and liabilities. While this debenture is so pledged, no payment by the Debtor of the whole or any part of any indebtedness secured by this debenture shall reduce the amount owing under this debenture unless specifically appropriated to and noted on this debenture by the Agent at the time of payment.
Pledge of Debenture. 11.1 This Debenture may be assigned, deposited or pledged by the Debtor (the "Pledge Agreement") as security for its present and future obligations. This Debenture will not be deemed to have been redeemed by reason of the account of the Debtor having ceased to be in debt while this Debenture was so assigned, deposited or pledged and no payment will reduce the amount owing or payable under this Debenture unless specifically appropriated to and noted on this Debenture by the Agent at the time of payment.
Pledge of Debenture. The Obligor pledges and hypothecates to, and deposits with, the Collateral Agent, for the benefit of and as agent of the Secured Creditors, the Debenture.
Pledge of Debenture. 12.1 This Debenture may be assigned, deposited or pledged by the Holder as security for its present and future obligations. This Debenture will not be deemed to have been redeemed by reason of the account of the Debtor having ceased to be in debit while this Debenture was so assigned, deposited or pledged and no payment will reduce the amount owing or payable under this Debenture unless specifically appropriated to and noted on this Debenture by the Holder at the time of payment.
Pledge of Debenture. The Corporation hereby pledges to and deposits with the Collateral Agent the Demand Debenture (New Brunswick) of even date herewith issued by the Corporation to and in favour of the Collateral Agent, in the principal amount of $500,000,000 in lawful money of the United States of America, together with all renewals thereof, substitutions thereafter and supplements thereto (the "Debenture"), as well as interest thereon and proceeds thereof, to be held by the Collateral Agent in accordance with the provisions hereof as continuing security for the due, prompt and complete payment, 3 - 3 - performance and satisfaction of all of the Obligations.
Pledge of Debenture. The Corporation pledges and hypothecates to, and deposits with, the Agent, acting on behalf of itself and the Lenders, the debenture created by the Corporation, a copy of which is attached hereto as Schedule "A", together with all renewals thereof, substitutions therefor, accretions thereto, interest thereon and proceeds thereof (collectively, the "DEBENTURE").
Pledge of Debenture. The Debenture is hereby delivered and assigned, deposited with and pledged to the Secured Party to be held by the Secured Party as continuing collateral security for the payment and performance in full by the Corporation of all of the liabilities and obligations, present or future, direct or indirect, absolute or contingent, matured or not, at any time owing by the Corporation to the Secured Party under or in connection with each of the Transaction Documents and every part of such liabilities and obligations (collectively, the “Liabilities”).
Pledge of Debenture. Notwithstanding the provisions of Section 5.19, this Debenture at any time and from time to time may be assigned, transferred, pledged, hypothecated, lodged, deposited or delivered by Debtor to Holder as security for advances or loans to or for indebtedness or other obligations or liabilities of Debtor to Holder and/or such other parties as Holder and Debtor may in writing agree and in such event this Debenture shall not be deemed to have been discharged or redeemed or the amounts payable hereunder to have been satisfied or reduced by reason of the account of Debtor having ceased to be in debit while this Debenture remained so assigned, transferred, pledged, hypothecated, lodged, deposited or delivered.
Pledge of Debenture. This debenture shall be deemed to be deposited and pledged by the Maker as collateral security for the Liabilities and when redelivered to the Maker shall be cancelled immediately. This debenture shall not be deemed to have been redeemed by reason of the account of the Maker having ceased to be in debit while this debenture was so deposited or pledged and no payment shall reduce the amount owing under this debenture unless specifically appropriated to and noted on this debenture at the time of payment.
Pledge of Debenture
