Pledge; Grant of Security Interest. The Executive hereby delivers to the Company all the Pledged Stock and hereby grants to the Company a first security interest in the Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations.
Appears in 6 contracts
Sources: Pledge Agreement (Randalls Food Markets Inc), Pledge Agreement (Domain Energy Corp), Management Investor Subscription Agreement (Domain Energy Corp)