Common use of The Pledge Clause in Contracts

The Pledge. To secure the full and punctual payment of the Obligations in accordance with the terms thereof, and to secure the performance of this Agreement and the other Financing Documents, the Pledgor hereby transfers, pledges, assigns, sets over, delivers and grants to the Bank a continuing lien and security interest in and to all of the following property of the Pledgor, both now owned and existing and hereafter created, acquired and arising relating solely to the Pledged Stock (all being collectively referred to as the “Collateral”) and all right, title and interest of the Pledgor in and to the Collateral:

The Pledge. To In order to secure the full and punctual payment of the Obligations in accordance with the terms thereofObligations, and to secure the Pledgor's performance of under this Agreement and the performance of the other Financing Loan Documents, the Pledgor hereby transfers, pledges, assigns, sets over, delivers and grants to the Bank Lender a first priority continuing lien and security interest in and to all of the following property of the Pledgor, both now owned and existing and hereafter created, acquired and arising relating solely to the Pledged Stock (all being collectively referred to as the “"Collateral”") and all right, title and interest of the Pledgor in and to the Collateral: