Establishment of Collateral Accounts. (a) On or prior to the Effective Date and upon any Person becoming a Grantor hereunder, each such Grantor shall have established with the Custodian, and at all times thereafter until the Secured Obligations of such Grantor shall have been irrevocably and indefeasibly paid in full and this Agreement is terminated in accordance with its terms, such Grantor shall maintain with the Custodian:
Appears in 3 contracts
Samples: Pledge and Security Agreement (Endurance Specialty Holdings LTD), Pledge and Security Agreement (Endurance Specialty Holdings LTD), Pledge and Security Agreement (Endurance Specialty Holdings LTD)
Establishment of Collateral Accounts. (a) On or prior to the Effective Date and upon any Person becoming a Grantor hereunder, each such Grantor shall have established with the Custodian, and at all times thereafter until the Secured Obligations of such Grantor shall have been irrevocably and indefeasibly paid in full and this Agreement is terminated in accordance with its terms, such Grantor shall maintain with the Custodian:
Appears in 1 contract
Samples: Pledge and Security Agreement (Endurance Specialty Holdings LTD)
