Common use of VALIDITY OF THE SECURITY Clause in Contracts

VALIDITY OF THE SECURITY. 4.1 The pledge created by this Agreement will remain in force in its entirety notwithstanding any partial repayment or satisfaction of the Secured Obligations, until the Secured Obligations are satisfied in full, and, unless previously released pursuant to Article 13, until the relative payments made by the Pledgor, if any, are: (i) not capable of being declared null or voidable, or (ii) no longer subject to being declared unenforceable, ineffective or reduced as a consequence of bankruptcy claw-back ("revocatoria fallimentare") as the relevant hardening periods provided for under Article 65 or 67 of the Italian Bankruptcy Law (R.D., 16 March 1942, No. 267) have expired.

VALIDITY OF THE SECURITY. 4.1 5.1 The pledge created by this Agreement will remain in force in its entirety notwithstanding any partial repayment or satisfaction of the Secured Obligations, until the Secured Obligations are satisfied in full, and, unless previously released pursuant to Article 1310, until the relative payments made by the Pledgor, if any, are: (i) not capable of being declared null or voidable, or (ii) no longer subject to being declared unenforceable, ineffective or reduced as a consequence of bankruptcy claw-back ("revocatoria fallimentare") as the relevant hardening periods provided for under Article Articles 65 or 67 of the Italian Bankruptcy Law (R.D., 16 March 1942, No. 267) have expired.

VALIDITY OF THE SECURITY. 4.1 The pledge created by this Agreement will remain in force in its entirety notwithstanding any partial repayment or satisfaction of the Secured Obligations, until the Secured Obligations are satisfied in full, and, unless previously released pursuant to Article 1310, until the relative payments made by the Pledgor, if any, are: (i) not capable of being declared null or voidable, or (ii) no longer subject to being declared unenforceable, ineffective or reduced as a consequence of bankruptcy claw-back ("revocatoria fallimentare") as the relevant hardening periods provided for under Article 65 or 67 of the Italian Bankruptcy Law (R.D., 16 March 1942, No. 267) have expired.

VALIDITY OF THE SECURITY. 4.1 The pledge created by this Agreement will remain in force in its entirety notwithstanding any partial repayment or satisfaction of the Secured Obligations, until the Secured Obligations are satisfied in full, and, unless previously released pursuant to Article 13, until the relative payments made by the each Pledgor, if any, are: (i) not capable of being declared null or voidable, or (ii) no longer subject to being declared unenforceable, ineffective or reduced as a consequence of bankruptcy claw-back ("revocatoria fallimentare") as the relevant hardening periods provided for under Article 65 or 67 of the Italian Bankruptcy Law (R.D., 16 March 1942, No. 267) have expired.