Common use of Xxxx and Pledge Clause in Contracts

Xxxx and Pledge. In consideration of any extensions(s) of credit or other financial accommodations(s) now or hereafter given or continued by the Branch to you or any of you, and as security for the payment of all obligations and liabilities (whether direct or indirect, several or joint, matured or unmatured, liquidated or unliquidated, absolute or contingent, original or arising by purchase or assignment, and whether for principal, interest, attorneys' fees, other expenses or any other amounts) which are now or hereafter owing to the Branch or any affiliate of the Branch or the head office of the Branch by you or any of you (with or without other obligors) (all of such obligations and liabilities being the "Indebtedness"), you hereby assign transfer and pledge to the Branch all of the following, whether now or hereafter existing (the "Collateral"): (i) the Accounts, deposits (whether general or special, including, without limitation, deposits owned jointly or by the entireties), interest thereon, balances and credits maintained with the Branch (or its head office or any affiliate thereof) by you or any of you, (ii) any and all other assets (including without limitation all notes, instruments, bonds and securities) held at the Branch (or its head office or any affiliate thereof) on behalf of you or any of you, and (iii) any and all proceeds of any Collateral. Upon any default by you or any of you in the payment when due of any Indebtedness, the Branch or its head office or any affiliate (as the case shall be) is hereby authorized to set off and apply any Collateral constituting funds or the equivalent of funds against such Indebtedness, and to sell or otherwise realize upon any other Collateral and apply the proceeds thereof against such Indebtedness pursuant to any applicable codification of Article 9 of the Uniform Commercial Code (or in any other manner authorized by law), all at such time or times, to such extent and in such order as the Branch in its discretion may elect. The lien, pledge, security interest and assignment made hereunder shall be irrevocable until such time as all Indebtedness (including any and every contingent obligation) is paid or otherwise discharged in full and the Branch is satisfied that no further Indebtedness shall thereafter arise. Mod. 50018-03-EN E0620

Xxxx and Pledge. In consideration of any extensions(s) of credit or other financial accommodations(s) now or hereafter given or continued by the Branch Bank, or any of its branches, agencies, offices, subsidiaries, or other affiliates (all of the foregoing, including the Bank, being the “Secured Parities”) to you or any of you, and as security for the payment of all obligations and liabilities (whether direct or indirect, several or joint, matured or unmatured, liquidated or unliquidated, absolute or contingent, original or arising by purchase or assignment, and whether for principal, interest, attorneys' attorney’s fees, other expenses expenses, or any other amounts) which are now or hereafter owing to the Branch or any affiliate of the Branch or the head office of the Branch Secured Parties by you or any of you (with or without other obligors) (all of such obligations and liabilities being the "“Indebtedness"”), you hereby assign transfer and pledge to the Branch Secured Parties all of the following, whether now or hereafter existing (the "“Collateral"”): (i) the Accountsaccounts, deposits (whether general or special, including, including without limitation, limitation deposits owned jointly or by the entireties), interest thereon, and balances and credits maintained with the Branch (Bank or its head office or with any affiliate thereof) other Secured Party by you or any of you, (ii) any and all other assets (including without limitation all notes, instruments, bonds bonds, and securities) held at the Branch (Bank or its head office or with any affiliate thereof) other Secured Party on behalf of you or any of you, and (iii) any and all proceeds of any Collateral. Upon any default by you or any of you in the payment when due of any Indebtedness, the Branch or its head office or any affiliate (as the case shall be) is Bank and all other Secured Parties are hereby authorized to set off and apply any Collateral constituting funds or the equivalent of funds against such Indebtedness, and to sell or otherwise realize upon any other Collateral and apply the proceeds thereof against such Indebtedness pursuant to any applicable codification of Article 9 of the Uniform Commercial Code (or in any other manner authorized by law), all at such time or times, to such extent and in such order as the Branch Bank and the other Secured Parties may in its their discretion may elect. The lien, pledge, security interest interest, and assignment made hereunder shall be and remain irrevocable until such time as all Indebtedness (including any and every contingent obligation) is paid or otherwise discharged in full and the Branch is Bank and any other Secured Party are satisfied that no further Indebtedness shall thereafter arise. Mod. 50018-03-EN E0620.

Xxxx and Pledge. In consideration of any extensions(s) extensions of credit or other financial accommodations(s) accommodations now or hereafter given or continued by the Branch Bank, or any of its branches, agencies, offices, subsidiaries, or other affiliates (all of the foregoing, including the Bank, being the “Secured Parities”) to you or any of you, and as security for the payment of all obligations and liabilities (whether direct or indirect, several or joint, matured or unmatured, liquidated or unliquidated, absolute or contingent, original or arising by purchase or assignment, and whether for principal, interest, attorneys' attorney’s fees, other expenses expenses, or any other amounts) which are now or hereafter owing to the Branch or any affiliate of the Branch or the head office of the Branch Secured Parties by you or any of you (with or without other obligors) (all of such obligations and liabilities being the "“Indebtedness"”), you hereby assign transfer and pledge to the Branch Secured Parties all of the following, whether now or hereafter existing (the "“Collateral"”): (i) the Accountsi)the accounts, deposits (whether general or special, including, including without limitation, limitation deposits owned jointly or by the entireties), interest thereon, and balances and credits maintained with the Branch (Bank or its head office or with any affiliate thereof) other Secured Party by you or any of you, (ii) any and all other assets (including without limitation all notes, instruments, bonds bonds, and securities) held at the Branch (Bank or its head office or with any affiliate thereof) other Secured Party on behalf of you or any of you, and (iii) any and all proceeds of any Collateral. Upon any default by you or any of you in the payment when due of any Indebtedness, the Branch or its head office or any affiliate (as the case shall be) is Bank and all other Secured Parties are hereby authorized to set off and apply any Collateral constituting funds or the equivalent of funds against such Indebtedness, and to sell or otherwise realize upon any other Collateral and apply the proceeds thereof against such Indebtedness pursuant to any applicable codification of Article 9 of the Uniform Commercial Code (or in any other manner authorized by law), all at such time or times, to such extent and in such order as the Branch Bank and the other Secured Parties may in its their discretion may elect. The lien, pledge, security interest interest, and assignment made hereunder shall be and remain irrevocable until such time as all Indebtedness (including any and every contingent obligation) is paid or otherwise discharged in full and the Branch is Bank and any other Secured Party are satisfied that no further Indebtedness shall thereafter arise. Mod. 50018-03-EN E0620.