Common use of SECURITY PURPOSE Clause in Contracts

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SECURITY PURPOSE. The Pledge is constituted in order to secure the prompt and complete satisfaction payment and discharge of any and all Secured Claims.

Appears in 3 contracts

Samples: Share Pledge Agreement (Solutia Inc), Account Pledge Agreement (Solutia Inc), Share Pledge Agreement (Solutia Inc)

SECURITY PURPOSE. The Pledge is Pledges are constituted in order to secure the prompt and complete satisfaction payment and discharge of any and all Secured ClaimsClaims on the due date therefor.

Appears in 2 contracts

Samples: Share Pledge Agreement, Share Pledge Agreement (Warp Technology Holdings Inc)

SECURITY PURPOSE. The Pledge is constituted in order to secure the prompt and complete satisfaction of any and all Secured ClaimsLiabilities.

Appears in 1 contract

Samples: Share Pledge Agreement (Fibermark Inc)

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SECURITY PURPOSE. The Pledge is Pledges are constituted in order to secure the prompt and complete satisfaction of any and all Secured Claims.

Appears in 1 contract

Samples: Interest Pledge Agreement (Kabel Deutschland GmbH)

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