Creation of Security. As a continuing security for the full and punctual payment and performance when due (whether at stated maturity, acceleration or otherwise) of the Secured Obligations, ICPS hereby absolutely and unconditionally pledges in favor of IC by way of first ranking fixed pledge or, as may be applicable, assigns in favor of IC by way of pledge, in each case not limited in amount, the Pledged Assets.
Appears in 2 contracts
Samples: Pledge Agreement (Kenon Holdings Ltd.), Pledge Agreement
Creation of Security. As a continuing security for the full and punctual payment and performance when due (whether at stated maturity, acceleration or otherwise) of the Secured Obligations, ICPS Xxxxx hereby absolutely and unconditionally pledges in favor of IC by way of first ranking fixed pledge or, as may be applicable, assigns in favor of IC by way of pledge, in each case not limited in amount, the Pledged Assets.
Appears in 2 contracts
Samples: Pledge Agreement (Kenon Holdings Ltd.), Pledge Agreement (Kenon Holdings Ltd.)