Surrender of Collateral. Secured Party may surrender, release, exchange or alter any collateral or security for the Obligations without affecting the liability of Pledgor under this Agreement, and this Agreement shall continue effective notwithstanding any legal disability of Pledgor to incur any indebtedness or obligation incurred to Secured Party.
Appears in 4 contracts
Samples: Conversion and Loan Modification Agreement (Arkanova Energy Corp.), Securities Offering Agreement (Arkanova Energy Corp.), Securities Offering Agreement (Arkanova Energy Corp)
Surrender of Collateral. The Secured Party may surrender, release, ----------------------- exchange or alter any collateral or security for the Obligations without affecting effecting the liability of Pledgor under this Agreement, and this Agreement shall continue effective notwithstanding any legal disability of Pledgor to incur any indebtedness or obligation incurred to the Secured Party.
Appears in 1 contract
Samples: Pledge Agreement (Polyphase Corp)
