Agreement Continuing. This Agreement shall constitute a continuing agreement. This Agreement shall apply to all future as well as existing transactions, whether or not of the character contemplated at the date of this Agreement, and if all transactions between Bank and Pledgor shall be closed at any time, shall be equally applicable to any new transactions thereafter. Provisions of this Agreement, unless by their terms exclusive, shall be in addition to other agreements between the parties. Time is of the essence of this Agreement. Notwithstanding the foregoing, in the event that all Obligations are fully and finally paid and all commitments of the Bank to extend credit to Borrower have been terminated, then this Agreement shall be terminated, and all Collateral shall, at the request of the Pledgor be released.
Appears in 3 contracts
Sources: Pledge Agreement (Independent Bank Group, Inc.), Pledge Agreement (Independent Bank Group, Inc.), Pledge Agreement (Independent Bank Group Inc)