Common use of Continuing Clause in Contracts

Continuing. 7.1.1 Each Right of Pledge shall remain in full force and effect, until all Secured Obligations have been irrevocably and unconditionally paid in full (to the Pledgee’s satisfaction) and no new Secured Obligations will arise (to the Pledgee’s satisfaction) unless terminated by the Pledgee pursuant to Clause 7.2 (Termination by Pledgee).

Appears in 2 contracts

Samples: Laureate Education, Inc., Laureate Education, Inc.

AutoNDA by SimpleDocs

Continuing. 7.1.1 Each Right of Pledge shall remain in full force and effect, until all Secured Obligations have been irrevocably and unconditionally paid in full (to the Pledgee’s satisfaction) and no new Secured Obligations will arise (to the Pledgee’s satisfaction) ), unless terminated by the Pledgee pursuant to Clause 7.2 (Termination by Pledgee).

Appears in 1 contract

Samples: Loan Agreement (Eagle Bulk Shipping Inc.)

AutoNDA by SimpleDocs

Continuing. 7.1.1 Each Right of Pledge shall remain in full force and effect, until all Secured Obligations have been irrevocably and unconditionally paid in full (to the Pledgee’s satisfaction) and no new Secured Obligations will arise (to the Pledgee’s satisfaction) unless terminated by the Pledgee pursuant to Clause 7.2 (Termination by Pledgee).

Appears in 1 contract

Samples: Membership Interests (Westway Group, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.