TRIARC PLEDGE AGREEMENT. Any provision of the Triarc Pledge Agreement ceases to be valid and binding on or enforceable against DWG, the Triarc Pledge Agreement ceases to create a valid security interest in the collateral purported to be covered thereby or such security interest ceases for any reason to be a perfected and first priority security interest, except if the Bank fails to take any action exclusively within its control; or
Appears in 2 contracts
Samples: Pledge and Security Agreement (DWG Acquisition Group L P), Pledge and Security Agreement (Triarc Companies Inc)
TRIARC PLEDGE AGREEMENT. Any provision of the Triarc Pledge Agreement ceases to be valid and binding on or enforceable against DWG, the Triarc Pledge Agreement ceases to create a valid security interest in the collateral purported to be covered thereby or such security interest ceases for any reason to be a perfected and first priority security interest, except if the Bank fails to take any action exclusively within its control; or
Appears in 2 contracts
Samples: Pledge and Security Agreement (Triarc Companies Inc), Pledge and Security Agreement (DWG Acquisition Group L P)
