Common use of Certain Pledges Clause in Contracts

Certain Pledges. Without limiting the right of any Purchaser to sell or grant interests, security interests or participations to any Person as otherwise described in this Article V, above, any Purchaser may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure its obligations as a Purchaser hereunder, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Purchaser from any of its obligations hereunder or substitute any such pledge or assignee for such Purchaser as a party hereto.

Appears in 12 contracts

Sources: Receivables Purchase Agreement (Core Natural Resources, Inc.), Receivables Purchase Agreement (Owens Corning), Receivables Purchase Agreement (Arch Resources, Inc.)

Certain Pledges. Without limiting the right of any Purchaser to sell or grant interests, security interests or participations to any Person as otherwise described in this Article V, aboveSection 5.3, any Purchaser may at any time pledge pledge, or assign grant a security interest in in, all or any portion of its rights under this Agreement to secure its obligations as a Purchaser hereunder, including any pledge or assignment to secure obligations to a Federal Reserve BankBank without any notice to, or consent of, the Seller; provided that no such pledge or assignment grant of a security interest shall release such a Purchaser from any of its obligations hereunder under this Agreement or substitute any such pledge pledgee or assignee grantee for such Purchaser as a party heretoto this Agreement.

Appears in 8 contracts

Sources: Receivables Purchase Agreement (LyondellBasell Industries N.V.), Receivables Purchase Agreement (LyondellBasell Industries N.V.), Receivables Purchase Agreement (LyondellBasell Industries N.V.)

Certain Pledges. Without limiting the right of any Purchaser to sell or grant interests, security interests or participations to any Person as otherwise described in this Article V, aboveSection 6.3, any Purchaser may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure its obligations as a Purchaser hereunder, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Purchaser from any of its obligations hereunder or substitute any such pledge pledgee or assignee for such Purchaser as a party hereto.

Appears in 7 contracts

Sources: Receivables Purchase Agreement (TransDigm Group INC), Receivables Purchase Agreement (Triumph Group Inc), Receivables Purchase Agreement (Cloud Peak Energy Inc.)

Certain Pledges. Without limiting the right of any Purchaser to sell or grant interests, security interests or participations to any Person as otherwise described in this Article V, aboveSection 6.3, any Purchaser may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure its obligations as a Purchaser hereunder, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Purchaser from any of its obligations hereunder or substitute any such pledge or assignee for such Purchaser as a party hereto.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Cincinnati Bell Inc)

Certain Pledges. Without limiting the right of any Purchaser to sell or grant interests, security interests or participations to any Person as otherwise described in this Article V, aboveSection 6.3, any Purchaser may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure its obligations as a Purchaser hereunder, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such 782009308 25792734 pledge or assignment shall release such Purchaser from any of its obligations hereunder or substitute any such pledge pledgee or assignee for such Purchaser as a party hereto.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Triumph Group Inc)

Certain Pledges. Without limiting the right of any Purchaser to sell or grant interests, security interests or participations to any Person as otherwise described in this Article V, above, any Purchaser may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure its obligations as a Purchaser hereunder, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such 740811803 17540157 pledge or assignment shall release such Purchaser from any of its obligations hereunder or substitute any such pledge or assignee for such Purchaser as a party hereto.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Owens Corning)