Common use of CONTINUING AND ADDITIONAL SECURITY Clause in Contracts

CONTINUING AND ADDITIONAL SECURITY. 5.1 The Right of Pledge is one and indivisible (één en ondeelbaar), shall (unless released pursuant to Clause 11 (Termination)) remain in full force and effect, shall not be satisfied by any intermediate payment or satisfaction of any part of the Secured Obligations or by any settlement of accounts and the Pledgee shall not have any obligation to relinquish the Right of Pledge, until all of the Secured Obligations have been irrevocably and unconditionally paid in full and all Commitments with respect thereto have been irrevocably terminated.

Appears in 4 contracts

Samples: Credit Agreement (Lionbridge Technologies Inc /De/), Credit Agreement (Lionbridge Technologies Inc /De/), Credit Agreement (Lionbridge Technologies Inc /De/)

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CONTINUING AND ADDITIONAL SECURITY. 5.1 The Right of Pledge is one and indivisible (één en ondeelbaar), and shall (unless released pursuant to Clause 11 (Termination)) remain in full force and effect, shall not be satisfied by any intermediate payment or satisfaction of any part of the Secured Obligations or by any settlement of accounts and the Pledgee shall not have any obligation to relinquish the Right of Pledge, until all of the Secured Obligations have been irrevocably and unconditionally paid in full and all Commitments with respect thereto have been irrevocably terminated.

Appears in 2 contracts

Samples: Credit Agreement (Lionbridge Technologies Inc /De/), Index (Lionbridge Technologies Inc /De/)

CONTINUING AND ADDITIONAL SECURITY. 5.1 The Right of Pledge is one and indivisible (één en ondeelbaar), ) and shall (unless released pursuant to Clause 11 12 (Termination)) remain in full force and effect, shall not be satisfied by any intermediate payment or satisfaction of any part of the Secured Obligations or by any settlement of accounts and the Pledgee shall not have any obligation to relinquish the Right of Pledge, until all of the Secured Obligations have been irrevocably and unconditionally paid in full and all Commitments with respect thereto have been irrevocably terminated.

Appears in 1 contract

Samples: Credit Agreement (Lionbridge Technologies Inc /De/)

CONTINUING AND ADDITIONAL SECURITY. 5.1 The Right of Pledge is one and indivisible (één en ondeelbaar), and shall (unless released pursuant to Clause 11 (Termination)) remain in full force and effect, shall not be satisfied by any intermediate payment or satisfaction of any part of the Secured Obligations or by any settlement of accounts and the Pledgee shall not have any obligation to relinquish the Right of Pledge, until all of the Secured Obligations have been irrevocably and unconditionally paid in full and all Commitments with respect thereto have been irrevocably terminatedfull.

Appears in 1 contract

Samples: Credit Agreement (Laureate Education, Inc.)

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CONTINUING AND ADDITIONAL SECURITY. 5.1 The Right of Pledge is one and indivisible (( één en ondeelbaar), ) and shall (unless released pursuant to Clause 11 12 (Termination)) remain in full force and effect, shall not be satisfied by any intermediate payment or satisfaction of any part of the Secured Obligations or by any settlement of accounts and the Pledgee shall not have any obligation to relinquish the Right of Pledge, until all of the Secured Obligations have been irrevocably and unconditionally paid in full and all Commitments with respect thereto have been irrevocably terminated.

Appears in 1 contract

Samples: Credit Agreement (Lionbridge Technologies Inc /De/)

CONTINUING AND ADDITIONAL SECURITY. 5.1 The Right of Pledge is one and indivisible (één en ondeelbaar)) , and shall (unless released pursuant to Clause 11 (Termination)) remain in full force and effect, shall not be satisfied by any intermediate payment or satisfaction of any part of the Secured Obligations or by any settlement of accounts and the Pledgee shall not have any obligation to relinquish the Right of Pledge, until all of the Secured Obligations have been irrevocably and unconditionally paid in full and all Commitments with respect thereto have been irrevocably terminatedfull.

Appears in 1 contract

Samples: Credit Agreement (Laureate Education, Inc.)

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