Common use of SCOPE OF THE PLEDGE Clause in Contracts

SCOPE OF THE PLEDGE. 5.1 The Pledge shall be a continuing security interest, shall remain in force until released in accordance with Clause 11, and shall in particular not be discharged by reason of the circumstance that there is temporarily no Secured Obligations currently owing to the Pledgee.

Appears in 4 contracts

Samples: Pledge Agreement (Sundance Strategies, Inc.), Pledge Agreement (Sundance Strategies, Inc.), Nibs Transfer Agreement (Sundance Strategies, Inc.)

AutoNDA by SimpleDocs

SCOPE OF THE PLEDGE. 5.1 The Pledge shall be a continuing security interestsecurity, shall remain in force until released in accordance with Clause 11Article 7, and shall in particular not be discharged by reason of the circumstance that there is temporarily at any time no Secured Obligations obligation currently owing from the Pledgor to the PledgeePledgees. For the avoidance of doubt it is however expressly understood that the Pledge may not be enforced at any time when there is no obligation currently owing from the Pledgor to the Pledgees.

Appears in 2 contracts

Samples: Share Pledge Agreement (Aucxis Corp), Auxcis Nv (Aucxis Corp)

SCOPE OF THE PLEDGE. 5.1 The Pledge This pledge shall be a continuing security interestsecurity, shall remain in force until expressly released in accordance with Clause 118.1, and shall in particular not be discharged by reason of the circumstance that there is temporarily at any time no Secured Obligations Obligation currently owing from the Pledgors to the PledgeePledgee or any other Secured Party.

Appears in 1 contract

Samples: Share Pledge Agreement (Axalta Coating Systems Ltd.)

SCOPE OF THE PLEDGE. 5.1 The Pledge This pledge shall be a continuing security interestsecurity, shall remain in force until expressly released in accordance with Clause 11, Clauses 8.1 or 8.2 and shall in particular not be discharged by reason of the circumstance that there is temporarily at any time no Secured Obligations Liability currently owing from the Pledgor to the Pledgee.

Appears in 1 contract

Samples: Share Pledge Agreement (Asm International N V)

AutoNDA by SimpleDocs

SCOPE OF THE PLEDGE. 5.1 The Pledge 5,1 This pledge shall be a continuing security interestsecurity, shall remain in force until expressly released in accordance with Clause 118.1, and shall in particular not be discharged by reason of the circumstance that there is temporarily at any time no Secured Obligations Obligation currently owing from the Pledgors to the PledgeePledgee or any other Secured Party.

Appears in 1 contract

Samples: Share Pledge Agreement (Axalta Coating Systems Ltd.)

SCOPE OF THE PLEDGE. 5.1 The Pledge 6.1 This pledge shall be a continuing security interestsecurity, shall remain in force until expressly released in accordance with Clause 117.1, and shall in particular not be discharged by reason of the circumstance that there is temporarily at any time no Secured Obligations Liability currently owing from the Pledgor to the Pledgee.

Appears in 1 contract

Samples: Pledge Agreement (Barclaycard Funding PLC)

Time is Money Join Law Insider Premium to draft better contracts faster.