Continuing Pledge. This Agreement shall create a continuing security interest in the VAULT Pledged Collateral and shall (a) remain in full force and effect until the payment in full of all Secured Obligations, (b) be binding upon the Pledgor and its successors, transferees and assigns, and (c) inure, together with the rights and remedies of the Pledgees, to the equal and ratable benefit of the Pledgees and their respective successors, transferees and assigns.
Appears in 13 contracts
Samples: Vault Pledge and Security Agreement (Ally Auto Assets LLC), Vault Pledge and Security Agreement (Ally Auto Assets LLC), Vault Pledge and Security Agreement (Ally Auto Assets LLC)
Continuing Pledge. This Agreement shall create a continuing security interest in the VAULT Pledged Collateral and shall (a) remain in full force and effect until the payment in full of all Secured Obligations, (b) be binding upon the Pledgor and its successors, transferees and assigns, and (c) inure, together with the rights and remedies of the Pledgees, to the equal and ratable benefit of the Pledgees and their respective successors, transferees and assigns.
Appears in 2 contracts
Samples: Vault Pledge and Security Agreement (Central Originating Lease Trust), Vault Pledge and Security Agreement (Capital Auto Receivables Asset Trust 2007-Sn1)
Continuing Pledge. This Agreement shall create a continuing security interest in the VAULT Pledged Collateral and shall (a) remain in full force and effect until the payment in full of all Secured Obligations, (b) be binding upon the Pledgor and its successors, transferees and assigns, and (c) inure, together with the rights and remedies of the Pledgees, to the equal and ratable benefit of the Pledgees and their respective successors, transferees and assigns.
Appears in 2 contracts
Samples: Vault Pledge and Security Agreement (Central Originating Lease Trust), Vault Pledge and Security Agreement (Capital Auto Receivables Asset Trust 2005-Sn1)
