PRESERVATION OF THE PLEDGE. (a) The Pledge shall be a continuing first ranking security interest and shall not be considered as satisfied, discharged, prejudiced, waived or released by any intermediate payment, satisfaction or settlement of any part of the Obligations and shall remain in full force and effect during the Security Period.
PRESERVATION OF THE PLEDGE. The Pledge shall be a continuing security and shall not be considered as satisfied or discharged or prejudiced or waived or released by any intermediate payment, satisfaction or settlement of any part of the applicable CFC Secured Obligations and shall remain in full force and effect until its release in accordance with clause 10 below. The Pledge shall be cumulative, in addition to and independent of, every other security which the Collateral Agent or any Secured Party may at any time hold as security for the applicable CFC Secured Obligations or any rights, powers and remedies provided by law and shall not operate so as in any way to prejudice or affect or be prejudiced or affected by any security interest or other right or remedy which the Collateral Agent or any Secured Party may now or at any time in the future have in respect of the applicable CFC Secured Obligations. The Pledge shall not be prejudiced by any time or indulgence granted to any Person, or any abstention or delay by the Collateral Agent in perfecting or enforcing the Pledge or any security interest or rights or remedies that the Collateral Agent may now or at any time in the future have from or against the Pledgor or any other Person. No failure on the part of the Collateral Agent to exercise, or delay on its part in exercising, any of its rights under this Pledge Agreement shall operate as a waiver or release thereof, nor shall any single or partial exercise of any such right preclude any further or other exercise of that or any other rights. Neither the obligations of the Pledgor contained in this Pledge Agreement nor the rights, powers and remedies conferred upon the Collateral Agent by this Pledge Agreement or by law nor the Pledge created hereby shall be discharged, impaired or otherwise affected by:
PRESERVATION OF THE PLEDGE. 6.1 The Pledge shall be a continuing security and shall not be considered as satisfied or discharged or prejudiced or waived or released by any intermediate payment, satisfaction or settlement of any part of the Secured Obligations and shall remain in full force and effect during the Security Period.
PRESERVATION OF THE PLEDGE. This Agreement shall remain in effect despite any amalgamation, restructuring or merger (however effected) relating to the Parties or the Secured Parties. In the event of a transfer, assignment, novation or amendment of any rights or obligations under any Debt Documents or of any Secured Obligations, the Pledge shall automatically and without any formality be preserved as permitted under articles 1278 to 1281 of the Luxembourg Civil Code and for any other purposes.
PRESERVATION OF THE PLEDGE. If and to the extent that at any time, and from time to time, in the reasonable opinion of the Pledgee, it shall be necessary or appropriate that further instruments be executed and/or further action be taken in order to create, preserve or perfect a valid first priority right of pledge over the Collateral, the Pledgor shall as soon as possible execute such further instruments or take such further action, at its expenses and in such manner and form as the Pledgee may reasonably require.
PRESERVATION OF THE PLEDGE. 4 5. REPRESENTATIONS, WARRANTIES, UNDERTAKINGS AND COVENANTS .......................... 6 6.
PRESERVATION OF THE PLEDGE in the event of novation In accordance with Articles 1278 to 1281 (inclusive) of the Belgian Civil Code and without prejudice to the scope of the Secured Liabilities, the Pledgor and the Beneficiary agree that in the event of novation of all or any part of the Secured Liabilities or the change or replacement of the Beneficiary, the Pledge will be maintained automatically, without any further formality or consent, to secure the Secured Liabilities as novated, in favour of the Beneficiary.
PRESERVATION OF THE PLEDGE. (a) The Pledge shall be a continuing first ranking (subject to the PayPal Claims) security and shall not be considered as satisfied or discharged or prejudiced or waived or released by any intermediate payment, satisfaction or settlement of any part of the Secured Obligations and shall remain in full force and effect until its release in accordance with clause 7 (Application of Proceeds and Release of the Pledge).
