Common use of Pledge of Pledged Collateral Clause in Contracts

Pledge of Pledged Collateral. The Company hereby pledges to the Secured Parties and each of them and grants to Secured Parties and each of them a security interest in and to all Pledged Collateral for the benefit of the Secured Parties, together with all products, proceeds, dividends, redemption payments, liquidation payments, cash, instruments and other property, and any and all rights, titles, interests, privileges, benefits and preferences appertaining or incidental to the Pledged Collateral. The security interest and pledge created by this Section 2.1 shall continue in effect so long as any Obligation is owed to any Secured Party.

Pledge of Pledged Collateral. The Company Pledgor hereby pledges to the Secured Parties and each of them and grants to Secured Parties and each of them a security interest in and to all Pledged Collateral for the benefit of the Secured Parties, together with all products, proceeds, dividends, redemption payments, liquidation payments, cash, instruments and other property, and any and all rights, titles, interests, privileges, benefits and preferences appertaining or incidental to the Pledged Collateral. The security interest and pledge created by this Section 2.1 shall continue in effect so long as any Obligation is owed to any Secured Party.