Common use of Pledged Account Clause in Contracts

Pledged Account. As security for the full repayment, discharge and performance of the Secured Liabilities, the Pledgor irrevocably pledges to the Beneficiaries the Pledged Account to the credit of which its Shareholder Interest has been credited, pursuant to Article L. 431-4 of the French Monetary and Financial Code (Code monétaire et financier) (as modified by the ordonnance no. 2005-171 dated 24 February 2005) until the Discharge Date.

Pledged Account. As security for the full repayment, discharge and performance of the Secured LiabilitiesLiabilities and in guarantee of the obligations of the Obligors, the Pledgor irrevocably pledges grants to the Beneficiaries a first ranking Pledge over the Pledged Account to the credit of which its Shareholder Interest has been credited, pursuant to Article article L. 431211-4 20 of the French Monetary and Financial Code (Code monétaire et financier) (as modified by the ordonnance no. 2005-171 dated 24 February 2005) until the Discharge Date).