Common use of PRESERVATION OF THE PLEDGE Clause in Contracts

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. 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. The (a) Subject to the provisions of the Intercreditor Agreement, the Pledge shall be a continuing second ranking security interest (gage de second rang) (subject to Permitted Liens) and shall not be considered as satisfied or discharged or prejudiced or satisfied, discharged, prejudiced, waived or released by any intermediate payment, satisfaction or settlement of any part of the applicable CFC Secured Obligations Liabilities and shall remain in full force and effect until its release it has been released in accordance with clause Clause 10 below. (b) The Pledge shall be cumulative, in addition to and independent of, of every other security interest which the Collateral Agent Pledgee or any other Secured Party may at any time hold as security for the applicable CFC Secured Obligations Liabilities or any rights, powers and remedies provided by law and shall not operate so as in any way to prejudice or prejudice, affect or be prejudiced or affected by any security interest or other right or remedy which the Collateral Agent Pledgee or any other Secured Party may now or at any time in the future have in respect of the applicable CFC Secured ObligationsLiabilities. (c) The Pledge shall not be prejudiced by any time or indulgence granted to any Personperson, or any abstention or delay by the Collateral Agent Pledgee or any other Secured Party in perfecting or enforcing the a Pledge or any security interest or rights or remedies that the Collateral Agent Pledgee or any other Secured Party may now or at any time in the future have from or against the Pledgor or any other Personperson. (d) No failure on the part of the Collateral Agent Pledgee 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. (e) Neither the obligations of the Pledgor contained in this Pledge Agreement nor the rights, powers and remedies conferred upon the Collateral Agent Pledgee by this Pledge Agreement or by law nor the any Pledge created hereby shall be discharged, impaired or otherwise affected by:: (i) any amendment to, or any variation, waiver or release of, any obligation of any Grantor or any other person under any Secured Document; or