Pledge and Collateral. For value received, Agent hereby assigns and transfers to DSP and grants DSP a security interest in any and all commissions and other amounts payable DSP to agent at any time and from time to time as reflected in the Agent's Account, whether earned or unearned (The "Collateral"). The Collateral is to be held by DSP. This Agreement is made to secure the repayment of any and all Advances and other obligations under this agreement, and any and all other obligations of Agent to DSP or its assigns, including but not limited to those set forth in the Agent Agreement (collectively the "Obligations"). This Agreement will remain in effect until release by DSP in writing. DSP has no obligation to release this Agreement except upon payment in full of the Obligations. While this Agreement is in effect, neither Agent nor any other party except DSP and its assign and designees can withdraw all or any part of the Collateral. Agent agrees that no joint owner, beneficiary, surviving spouse or representative of Agent's estate shall have any rights in the Collateral in the event of Agent's death or incapacity unless and until the obligations are paid in full, and then only to the extent the Collateral has vested in and is payable to Agent pursuant to the Agent Agreement. Agent hereby assigns and grants to DSP the right to set-off and apply all or any part of the Collateral toward the repayment of the obligations, whether or not Agent is in default of all or any part of the obligations. If Agent is in default of all or any part of the Obligations, DSP may exercise such right of setoff without any notice to Agent or consent from Agent (unless such notice or consent is required by law and cannot be waived).
Pledge and Collateral. To secure the payment and performance of all of Pledgor’s indebtedness, liabilities and obligations to Lender, whether now existing or hereafter arising, whether otherwise secured or unsecured and howsoever evidenced, arising or created, including but not limited to all of Pledgor’s obligations arising under (a) the Credit Agreement, including any extensions, modifications, substitutions, amendments and renewals thereof, whether for principal, interest, fees, expenses, indemnification or otherwise, and (b) this Agreement and any and all other agreements, documents and instruments evidencing, securing or relating to the Credit Agreement, including any extensions, modifications, substitutions, amendments and renewals thereof, whether for fees, expenses, indemnification or otherwise (collectively, the “Secured Obligations”), Pledgor hereby pledges to Lender and grants to Lender a first priority security interest in all its right, title and interest in and to the following described collateral (collectively, the “Pledged Collateral”):
Pledge and Collateral. As assurance and security for the full --------------------- payment of the Note and the faithful performance of all the covenants and conditions to be performed by Debtor under the Note and this Agreement, Debtor hereby pledges, grants, bargains, assigns and transfers to Creditor a security interest in and to fifty percent of the outstanding shares of the common stock of National Journal Group, Inc., a Delaware corporation, as of October 31, 1997, and all substitutions, replacements and proceeds thereof, including cash proceeds, proceeds of cash and all distributions of cash or property thereon, such as cash dividends, stock dividends and stock splits. Such common stock and all such proceeds are hereafter collectively referred to as the "Collateral."
Pledge and Collateral. To secure the payment and performance of (a) all of Borrower’s indebtedness, liabilities and obligations to Lender, whether now existing or hereafter arising, whether otherwise secured or unsecured and howsoever evidenced, arising or created, including but not limited to all of Borrower’s obligations arising under the Credit Agreement, including any extensions, modifications, substitutions, amendments and renewals thereof, whether for principal, interest, fees, expenses, indemnification or otherwise, (b) all of Pledgor’s obligations to Lender under this Agreement, and (c) all other indebtedness, liabilities and/or obligations under any and all other agreements, documents and instruments evidencing, securing or relating to the Credit Agreement, including any extensions, modifications, substitutions, amendments and renewals thereof, whether for fees, expenses, indemnification or otherwise (collectively, the “Secured Obligations”), Pledgor hereby pledges to Lender and grants to Lender a first priority security interest in all its right, title and interest in and to the following described collateral (collectively, the “Pledged Collateral”):
Pledge and Collateral. Pledgor does hereby pledge and grant to Pledgee a security interest in the following collateral ("Collateral") to secure the Secured Obligations:
