Common use of Continuing Pledge Clause in Contracts

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. The pledge made hereunder is of a continuing nature and applies to any and all debt of the Pledgor owing to the PledgeePledgee under the Note or the Obligations, and the Pledgee may continue to make loans or otherwise extend credit advances 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 under the receipt of such notice by the PledgeeNote or any other Obligations; 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 under the Note or any other Obligations 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 under the Note or any other Obligations arising or incurred prior to such receipt, and all interest thereon, has been fully paid or satisfied.