Common use of Pledge and Security Interest Clause in Contracts

Pledge and Security Interest. To secure Pledgor's obligations to Pledgee to assume and fully discharge when due all of the Obligations and Pledgor's other obligations hereunder, Pledgor hereby pledges the Collateral to Pledgee and grants to Pledgee a continuing security interest in the Collateral.

Pledge and Security Interest. To secure Pledgor's obligations to Pledgee to assume and fully discharge when due all of the Obligations and Pledgor's other obligations hereunderObligations, Pledgor hereby pledges the Collateral to Pledgee and grants to Pledgee a continuing security interest in the Collateral.