Common use of Creation of the Pledge Clause in Contracts

Creation of the Pledge. As continuing first ranking security interest for the full and punctual payment, performance and discharge of the Obligations, the Pledgor agrees to pledge and hereby pledges the Shares and its present and future rights, title, claims and interest in the Shares to, and in favour of, the Pledgee, who accepts the Pledge.

Appears in 3 contracts

Samples: Guarantee Agreement (Constellation Brands, Inc.), Restatement Agreement (Constellation Brands, Inc.), Project Financing Agreement (Constellation Brands, Inc.)

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Creation of the Pledge. As continuing first ranking security interest for the due and full and punctual payment, discharge and performance and discharge of the ObligationsSecured Liabilities, the Pledgor agrees to pledge and hereby pledges the Shares and its present and future claims, rights, title, claims title and interest in the Shares to, and in favour of, the Pledgee, who accepts the Pledge.

Appears in 1 contract

Samples: Management Agreement (Pacific Drilling S.A.)

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