All of the foregoing shall be at the sole cost and expense of the Pledgors.
In view of the position of the Pledgors in relation to the Pledged Collateral, or because of other current or future circumstances, a question may arise under the Securities Act of 1933, as now or hereafter in effect, or any similar federal statute hereafter enacted analogous in purpose or effect (such Act and any such similar statute as from time to time in effect being called the Federal Securities Laws) with respect to any disposition of the Pledged Collateral permitted hereunder.
This Agreement shall create a continuing security interest in the Pledged Collateral and shall (i) be binding upon the Pledgors, their respective successors and assigns and (ii) inure, together with the rights and remedies of the Collateral Agent hereunder, to the benefit of the Collateral Agent and the other Secured Parties and each of their respective successors, transferees and assigns.
Any surplus remaining after the full payment and satisfaction of the Secured Obligations shall be returned to the Pledgors or to whomsoever a court of competent jurisdiction shall determine to be entitled thereto.
Each of the Pledgors agrees that its obligations hereunder and the security interest created hereunder shall continue to be effective or be reinstated, as applicable, if at any time payment, or any part thereof, of all or any part of the Secured Obligations is rescinded or must otherwise be restored by the Secured Party upon the bankruptcy or reorganization of any Pledgor or otherwise.
More definitions of Pledgors
Pledgors means FLUX Carbon Corporation, the Borrower, Viridis Capital, LLC, GreenShift Corporation, GS CleanTech Corporation and Genarex, LLC, respectively.
Pledgors means each of (i) POPPSA 4, LLC, (ii) POPPSA 3, LLC, (iii) Pilgrim's Pride, S. de R.L. de C.V., (iv) Incubadora Hidalgo, S. de R.L. de C.V., (iv) Grupo Pilgrim's Pride Funding Holdings, S de R.L. de C.V., (vi) Carnes y Productos Avicolas de Mexico, S de R.L. de C.V., (vii) Borrower and (viii) any Successor Person to a Pledgor that becomes bound by a Pledge Agreement pursuant to Section 5.12.