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.
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Samples: Guarantee Agreement (Constellation Brands, Inc.), Restatement Agreement (Constellation Brands, Inc.), Project Financing Agreement (Constellation Brands, Inc.)
PRESERVATION OF THE PLEDGE. (a) The Pledge shall be a continuing first ranking security interest and shall not be considered as satisfied, discharged, prejudiced, satisfied or discharged or prejudiced or 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.
Appears in 3 contracts
Samples: Guarantee Agreement (Constellation Brands, Inc.), Restatement Agreement (Constellation Brands, Inc.), Project Financing Agreement (Constellation Brands, Inc.)
PRESERVATION OF THE PLEDGE. (a) The Pledge shall be a continuing first ranking security interest and shall not be considered as satisfied, discharged, prejudiced, 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 until its release in accordance with clause 9(b) (Application of Proceeds and Release of the Security PeriodPledge).
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PRESERVATION OF THE PLEDGE. (a) The Pledge shall be a continuing first ranking security interest and shall not be considered as satisfied, discharged, prejudiced, 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 until its release in accordance with clause 7 (Application of Proceeds and Release of the Security PeriodPledge).
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PRESERVATION OF THE PLEDGE. (a) The Pledge shall be a continuing first ranking security interest and shall not be considered as satisfied, discharged, prejudiced, 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.until its release in accordance with clause 9(b) (
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