Pledges from Consignment Agreement
AGY HOLDING CORP., a Delaware corporation (Holding), AGY AIKEN LLC, a Delaware limited liability company (Aiken). and AGY HUNTINGDON LLC, a Delaware limited liability company (Huntingdon; Holding, Aiken and Huntingdon are herein collectively referred to herein as Customer).
Pledges. Consignor may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of Consignor, including any such pledge or assignment to a Federal Reserve Bank, and this Section shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release Consignor from any of its obligations hereunder or substitute any such assignee for such Consignor as a party hereto.