Common use of FIRST RANKING PLEDGE Clause in Contracts

FIRST RANKING PLEDGE. The execution of this Agreement and its registration with the Registration Authority will establish in favor of the Pledgeholder a first ranking pledge over the Pledged Property. For the avoidance of doubt, the priority ranking contemplated by this Section 7.01 shall also apply to the Amendment Agreement, any other amendment agreement entered into pursuant to Section 14.02 (Entire Agreement; Amendment and Waiver) and any Additional Pledge Agreement.

FIRST RANKING PLEDGE. The execution of this Agreement and its registration with the Registration Authority will establish in favor of the Pledgeholder a first ranking pledge over the Pledged PropertyAssets. For the avoidance of doubt, the priority ranking contemplated by this Section 7.01 5.01 shall also apply to the any Amendment Agreement, any other amendment agreement Agreement entered into pursuant to Section 14.02 6.08 (Replacement of the Bank Accounts) or Section 12.02 (Entire Agreement; Amendment and Waiver) and any Additional Pledge Agreement).

FIRST RANKING PLEDGE. The execution of this Agreement and its registration with the each Registration Authority will establish in favor of the Pledgeholder a first ranking pledge over the Pledged PropertyAssets. For the avoidance of doubt, the priority ranking contemplated by this Section 7.01 5.01 shall also apply to the any Amendment Agreement, any other amendment agreement Agreement entered into pursuant to Section 14.02 6.08 (Replacement of the Bank Account) or Section 12.02 (Entire Agreement; Amendment and Waiver) and any Additional Pledge Agreement).