Pledge of Security for Secured Obligations. Pledgor hereby pledges and assigns to Secured Party, and hereby grants to Secured Party a security interest in, all of Pledgor's right, title and interest in and to the Collateral as collateral security for the prompt payment or performance in full when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including the payment of amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. ss.362(a)), of all Secured Obligations.
Pledge of Security for Secured Obligations. Pledgor hereby ------------------------------------------ pledges and assigns to Secured Party, and hereby grants to Secured Party a security interest in, all of Pledgor's right, title and interest in and to the Collateral as collateral security for the prompt payment or performance in full when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including the payment of amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. (S)362(a)), of all Secured Obligations.
Pledge of Security for Secured Obligations. Pledgors hereby pledge to Collateral Agent, and hereby grant to Collateral Agent a security interest in, all of their respective right, title and interest in and to the Collateral as collateral security for the prompt payment or performance in full when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including the payment of amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. Section 362(a)), of all Secured Obligations. The rights of the Secured Parties arising from or relating to the pledge and security interest hereby granted by Pledgors in the Collateral is subject to the terms and provisions of the Intercreditor Agreement.
Pledge of Security for Secured Obligations. Each Pledgor hereby pledges and assigns to Secured Party, and hereby grants to Secured Party a security interest in, all of such Pledgor’s right, title and interest in and to the Collateral as collateral security for the prompt payment or performance in full when due of all Secured Obligations, subject to the rights of the secured party under the First Collateral Account Agreement.
Pledge of Security for Secured Obligations. Pledgor hereby pledges and assigns to Administrative Agent for the benefit of Lenders and the other Secured Parties, and hereby grants to Administrative Agent for the benefit of Lenders and the other Secured Parties a security interest in, all of Pledgor's right, title and interest in and to the Collateral as collateral security for the prompt payment or performance in full when due, whether at stated maturity, by acceleration or otherwise, of all Secured Obligations.
Pledge of Security for Secured Obligations. Pledgor hereby pledges and grants to Secured Party a security interest in all of Pledgor's right, title and interest in and to the Collateral as collateral security for the prompt payment or performance in full when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including the payment of amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. Section 362(a)), of all Secured Obligations.
Pledge of Security for Secured Obligations. Each of Company and Valhi hereby pledges and assigns to Collateral Agent, and hereby grants to Collateral Agent a security interest in, all of Company's or Valhi's (as the case may be) right, title and interest in and to the Payment Deposit as collateral security for the prompt payment or performance in full when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including the payment of amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. Section362(a)), of all Secured Obligations.
Pledge of Security for Secured Obligations. The Company hereby pledges and assigns to the Collateral Agent, and hereby grants to the Collateral Agent a security interest in, all of the Company's right, title and interest in and to the Payment Deposit as collateral security for the prompt payment or performance in full when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including the payment of amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. Section362(a)), of all the Secured Obligations. DELIVERY OF PAYMENT DEPOSIT. Deposits into the Payment Deposit Account shall be in the form of a Cash Deposit, except that, pursuant to the Voting Rights Agreement, ASC may elect to cause Valhi to cause a Letter of Credit to be issued in favor of the Collateral Agent.
Pledge of Security for Secured Obligations. Pledgor hereby pledges and assigns to Agent, and hereby grants to Agent a security interest in, all of Pledgor's right, title and interest in and to the Collateral as collateral security for the prompt payment or performance in full when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including the payment of amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. 'SS' 362(a)), of all Secured Obligations.
Pledge of Security for Secured Obligations. Pledgor hereby pledges and assigns to Secured Party, and hereby grants to Secured Party, in each case for the benefit of the Second Mortgage Noteholders, a security interest in, all of Pledgor's right, title and interest in and to the Collateral as collateral security for the prompt payment or performance in full when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including the payment of amounts that would become due but for the operation of the automatic stay under Section 362(a) of the United States Bankruptcy Code, 11 U.S.C. 362(a)), of all Secured Obligations.
