Common use of Indivisibility Clause in Contracts

Indivisibility. This Pledge is indivisible and therefore all goods encumbered by this Pledge are subject to the payment in full of all the Secured Obligations. Therefore, if and when the Collateral Agent enforces the payment of the Secured Obligations, the goods subject to this Pledge, shall be allocated exclusively and preferentially to pay all the Secured Obligations.

Indivisibility. This Pledge is indivisible and therefore all goods encumbered by this Pledge are subject to the payment in full of all the Secured Obligations. Therefore, if and when the Collateral Agent enforces the payment of the Secured Obligations, the goods subject to object of this Pledge, Pledge shall be allocated exclusively and preferentially to pay all the Secured Obligations.

Indivisibility. This Pledge is indivisible and therefore all goods assets encumbered by this Pledge are subject to the payment in full of all the Secured Obligations. Therefore, if and when the Collateral Agent enforces the payment of the Secured Obligations, the goods assets subject to this Pledge, Pledge shall be allocated exclusively and preferentially to pay all the Secured Obligations. For the purposes of item 3 of article 1209 of the Commercial Code, Schedule 4.2 of this Pledge contains a list of the Secured Obligations.