Continuing Pledge Clause Samples

Continuing Pledge. The pledge made hereunder is of a continuing nature and applies to any and all obligations of the Pledgor owing to the Pledgee until the Return Date.

Continuing Pledge. This Agreement shall create a continuing security interest in the VAULT Pledged Collateral and shall (a) remain in full force and effect until the payment in full of all Secured Obligations, (b) be binding upon the Pledgor and its successors, transferees and assigns, and (c) inure, together with the rights and remedies of the Pledgees, to the equal and ratable benefit of the Pledgees and their respective successors, transferees and assigns.

Continuing Pledge. Pledgor hereby consents to the foregoing amendments, reaffirms its obligations under the Pledge, as amended by this Amendment, and covenants that the execution and delivery of this Amendment shall not in any way affect, impair or diminish its obligations under the Pledge.

Continuing Pledge. Pledgor hereby consents to the foregoing amendments, reaffirms its obligations under the Pledge, as amended by this Amendment, and covenants that the execution and delivery of this Amendment shall not in any way affect, impair or diminish its obligations under the Pledge. Pledgor reaffirms its obligation under the Pledge to renew the certificate evidencing the Account in the event the maturity date of such certificate is earlier than the Maturity Date of the Credit Facility.

Continuing Pledge. (a) This Agreement and the pledge created hereunder are continuing and shall remain in full force and effect so long as any monies remain owing to the Bank with respect to the Obligations, and shall not be amended, modified or terminated without the prior written consent of the Bank.

Continuing Pledge. The pledge made hereunder is of a continuing nature and applies to any and all debt of the Pledgor owing to the Pledgee, and the Pledgee may continue to make loans or otherwise extend credit to the Pledgor at any time and from time to time in reliance upon the pledge made hereunder until the Pledgee actually receives written notice from the Pledgor of the discontinuance hereof in respect of any debt arising or incurred by the Pledgor after the receipt of such notice by the Pledgee; provided, however, that the receipt of such notice shall not in any way whatsoever impair, affect, release or discharge the Pledgee's lien on or rights with respect to any of the Pledged Shares or impair or affect in any way any of the Pledgee's rights, powers, remedies or authority hereunder in respect of any debt or obligation arising or incurred prior to the Pledgee's receipt of such notice, and that this pledge shall remain in effect until all such debt or obligation arising or incurred prior to such receipt, and all interest thereon, has been fully paid or satisfied.

Continuing Pledge. This Pledge Agreement shall be a continuing pledge and any other guarantors of all or a portion of the Obligations may be released without affecting the liability of Pledgor hereunder.

Continuing Pledge. 4.1 This Pledge shall be a continuing security and accordingly, except as provided in this Pledge or in the Credit Agreement: 4.1.1 shall not be discharged by any partial payment or performance by the Pledgor or any other person under or in respect of any of the Credit Documents; 4.1.2 shall extend to cover the balance due at any time from any other Credit Party to the Pledgee and/or any Lender Party under or in respect of any of the Credit Documents; 4.1.3 shall be in addition to and not in substitution for or derogation of any other security which the Pledgee and/or any Lender Party may at any time hold in respect of the obligations of any other Credit Party under or in respect of any of the Credit Documents or the transactions contemplated thereby; and 4.1.4 except to the extent that the Pledgee expressly waives in writing the Pledgor's obligations under this Pledge, shall not be discharged or in any way adversely affected by any action taken or not taken by the Pledgee and/or any Lender Party. 4.2 Any release or discharge of the security constituted by this Pledge, to the extent made on the basis of granting of security, or the making of a disposition or payment, to the Pledgee and/or any Lender Party under the Credit Documents, shall be conditional upon such security disposition, or payment not being void, avoided, set aside or ordered to be refunded pursuant to any enactment or law relating to bankruptcy, liquidation or insolvency or for any reason whatsoever and, if such condition shall not be fulfilled, the Pledgee shall be entitled to enforce this Pledge subsequently as if such release or discharge to the extent made on the basis of such security, disposition or payment, had not occurred and any such security, disposition or payment had not been made.

Continuing Pledge. This Agreement shall create a continuing security interest in the Pledged Collateral and shall (i) remain in full force and effect until payment in full of the Obligations, (ii) be binding upon Pledgor and its successors and assigns, and (iii) inure to the benefit of Secured Party and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (iii), Secured Party may assign or otherwise transfer any of its rights under this Agreement to any other person, and such person shall thereupon become vested with all the benefits in respect thereof granted to Secured Party herein or otherwise, provided that such members shall continue to remain liable for and shall not be released from any obligations of such members under this Agreement. Upon payment in full of the Obligations, Pledgor shall be entitled to the return, at Pledgor's expense, of such of the Pledged Collateral as shall not have been sold or otherwise applied pursuant to the terms hereof.