Common use of Release of Securities Collateral Clause in Contracts

Release of Securities Collateral. Lender may release any of the Securities Collateral from this Pledge Agreement or may substitute any of the Securities Collateral without altering, varying or diminishing in any way the force, effect, lien, pledge or security interest of this Pledge Agreement as to any Securities Collateral not expressly released or substituted, and this Pledge Agreement shall continue as a first priority lien on all Securities Collateral not expressly released or substituted.

Appears in 3 contracts

Samples: Pledge and Security Agreement (BTHC X Inc), Pledge and Security Agreement (Greenwood Hall, Inc.), Pledge and Security Agreement (Mint Leasing Inc)

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Release of Securities Collateral. Lender Pledgee may release any of the Securities Collateral from this Pledge Agreement or may substitute any of the Securities Collateral without altering, varying or diminishing in any way the force, effect, lien, pledge or security interest of this Pledge Agreement as to any Securities Collateral not expressly released or substituted, and this Pledge Agreement shall continue as a first priority lien on all Securities Collateral not expressly released or substituted.

Appears in 1 contract

Samples: Pledge, Security and Guarantee Agreement (Healthcare Business Resources, Inc.)

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