Common use of Pledge and Security Agreement Clause in Contracts

Pledge and Security Agreement. By executing and delivering this Assumption Agreement, the Additional Grantor, as provided in Section 8.14 of the Pledge and Security Agreement, hereby becomes a party to the Pledge and Security Agreement as a Grantor and a Guarantor thereunder with the same force and effect as if originally named therein as a Grantor and a Guarantor. In accordance with the terms of the Pledge and Security Agreement and without limiting the generality of the foregoing, the Additional Grantor hereby expressly (a) assumes all obligations and liabilities of a Grantor and a Guarantor under the Pledge and Security Agreement; (b) guarantees the Borrowers’ Obligations pursuant to Section 2 of the Pledge and Security Agreement; and (c) grants to the Collateral Agent, for the ratable benefit of the Secured Parties, a security interest in the Additional Grantor’s right, title and interest in and to the Collateral (as defined in the Pledge and Security Agreement), wherever located and whether now owned or at any time hereafter acquired by the Additional Grantor or in which the Additional Grantor now has or at any time in the future may acquire any right, title or interest, as security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Additional Grantor’s Obligations. The information set forth in Annex 1 hereto is hereby added to the information set forth in Schedules 4.3, 4.4 and 4.7 to the Pledge and Security Agreement. The Additional Grantor hereby makes each of the representations and warranties contained in Section 4 of the Pledge and Security Agreement (as supplemented by, and after giving effect to, this Assumption Agreement and the Schedules attached hereto) as of the date hereof.

Appears in 2 contracts

Samples: Assumption Agreement (McDermott International Inc), Assumption Agreement (McDermott International Inc)

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Pledge and Security Agreement. By executing and delivering this Assumption Agreement, the Additional Grantor, as provided in Section 8.14 7.13 of the Pledge and Security Agreement, (a) hereby becomes a party to the Pledge and Security Agreement as a Grantor and a Guarantor thereunder with the same force and effect as if originally named therein as a Grantor and a Guarantor. In accordance with the terms of the Pledge and Security Agreement and and, without limiting the generality of the foregoing, the Additional Grantor hereby expressly (a) assumes all obligations and liabilities of a Grantor Grantor, and a Guarantor under the Pledge and Security Agreement; (b) guarantees hereby collaterally assigns, grants, mortgages and pledges to the Borrowers’ Obligations pursuant to Section 2 of the Pledge Administrative Agent and Security Agreement; and (c) hereby grants to the Collateral Administrative Agent, for the ratable benefit of the Secured Parties, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Additional Grantor (including, without limitation, any extensions, modifications, substitutions, amendments or renewals of any or all of such Obligations), a security interest in all of the Collateral of the Additional Grantor’s right, title and interest in and to the Collateral (as defined in the Pledge and Security Agreement), wherever located and each case whether now owned or at any time hereafter acquired by the Additional Grantor or in which the Additional Grantor now has or at any time in the future may acquire any right, title or interestinterests and wherever the same may be located, as security for but subject in all respects to the prompt terms, conditions and complete payment exclusions set forth in the Pledge and performance when due (whether at stated maturity, by acceleration or otherwise) of the Additional Grantor’s ObligationsSecurity Agreement. The information set forth in Annex 1 I-A hereto is hereby added to the information set forth in the Schedules 4.3, 4.4 and 4.7 to the Pledge and Security Agreement. The Additional Grantor hereby makes represents and warrants that each of the representations and warranties applicable to the Additional Grantor contained in Section 4 3 of the Pledge and Security Agreement is true and correct in all material respects on and as the date hereof (as supplemented by, and after giving effect to, to this Assumption Agreement and the Schedules attached heretoAgreement) as if made on and as of the date hereofsuch date.

Appears in 2 contracts

Samples: Credit Agreement (JELD-WEN Holding, Inc.), Credit Agreement (JELD-WEN Holding, Inc.)

Pledge and Security Agreement. By executing and delivering this Assumption Agreement, the Additional Grantor, as provided in Section 8.14 7.13 of the Pledge and Security Agreement, (a) hereby becomes a party to the Pledge and Security Agreement as a Grantor and a Guarantor thereunder with the same force and effect as if originally named therein as a Grantor and a Guarantor. In accordance with the terms of the Pledge and Security Agreement and and, without limiting the generality of the foregoing, the Additional Grantor hereby expressly (a) assumes all obligations and liabilities of a Grantor Grantor, and a Guarantor under the Pledge and Security Agreement; (b) guarantees hereby collaterally assigns and mortgages to the Borrowers’ Obligations pursuant to Section 2 of the Pledge Collateral Agent, and Security Agreement; and (c) hereby grants to the Collateral Agent, for the ratable benefit of the Secured Parties, as collateral security for the prompt and complete payment and performance when due of the Obligations of such Additional Grantor, a security interest in all of the Collateral of the Additional Grantor’s right, title and interest in and to the Collateral (as defined in the Pledge and Security Agreement), wherever located and each case whether now owned or at any time hereafter acquired by the Additional Grantor or in which the Additional Grantor now has or at any time in the future may acquire any right, title or interestinterests and wherever the same may be located, as security for but subject in all respects to the prompt terms, conditions and complete payment exclusions set forth in the Pledge and performance when due (whether at stated maturity, by acceleration or otherwise) of the Additional Grantor’s ObligationsSecurity Agreement. The information set forth in Annex 1 1-A hereto is hereby added to the information set forth in the Schedules 4.3, 4.4 and 4.7 to the Pledge and Security Agreement. The Additional Grantor hereby makes represents and warrants that each of the representations and warranties applicable to the Additional Grantor contained in Section 4 3 of the Pledge and Security Agreement is true and correct in all material respects on and as the date hereof (as supplemented by, and after giving effect to, to this Assumption Agreement and the Schedules attached heretoAgreement) as if made on and as of the date hereofsuch date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Anvilire)

Pledge and Security Agreement. By executing and delivering this Assumption Agreement, the Additional Grantor, as provided in Section 8.14 7.13 of the Pledge and Security Agreement, (a) hereby becomes a party to the Pledge and Security Agreement as a Grantor and a Guarantor thereunder with the same force and effect as if originally named therein as a Grantor and a Guarantor. In accordance with the terms of the Pledge and Security Agreement and and, without limiting the generality of the foregoing, the Additional Grantor hereby expressly (a) assumes all obligations and liabilities of a Grantor Grantor, and a Guarantor under the Pledge and Security Agreement; (b) guarantees hereby collaterally assigns and mortgages to the Borrowers’ Obligations pursuant to Section 2 of the Pledge Collateral Agent, and Security Agreement; and (c) hereby grants to the Collateral Agent, for the ratable benefit of the Secured Parties, as collateral security for the prompt and complete payment and performance when due of the Obligations of such Additional Grantor, a security interest in all of the Collateral of the Additional Grantor’s right, title and interest in and to the Collateral (as defined in the Pledge and Security Agreement), wherever located and each case whether now owned or at any time hereafter acquired by the Additional Grantor or in which the Additional Grantor now has or at any time in the future may acquire any right, title or interestinterests and wherever the same may be located, as security for but subject in all respects to the prompt terms, conditions and complete payment exclusions set forth in the Pledge and performance when due (whether at stated maturity, by acceleration or otherwise) of the Additional Grantor’s ObligationsSecurity Agreement. The information set forth in Annex 1 1-A hereto is hereby added to the information set forth in the Schedules 4.3, 4.4 and 4.7 to the Pledge and Security Agreement. The Additional Grantor hereby makes represents and warrants that each of the representations and warranties applicable to the Additional Grantor contained in Section 4 3 of the Pledge and Security Agreement is true and correct in all material respects on and as the date hereof (as supplemented by, and after giving effect to, to this Assumption Agreement and the Schedules attached heretoAgreement) as if made on and as of the date hereofsuch date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (FTT Holdings, Inc.)

Pledge and Security Agreement. By executing The Subsidiary hereby (a) acknowledges, agrees and delivering confirms that, by its execution of this Assumption Agreement, the Additional Grantor, as provided in Section 8.14 of the Pledge and Security Agreement, hereby becomes Subsidiary will be deemed to be a party to the Pledge and Security Agreement as a Grantor Agreement, and a Guarantor thereunder with the same force and effect “Grantor” (as if originally named therein as a Grantor and a Guarantor. In accordance with the terms of the Pledge and Security Agreement and without limiting the generality of the foregoing, the Additional Grantor hereby expressly (a) assumes all obligations and liabilities of a Grantor and a Guarantor under such term is defined in the Pledge and Security Agreement; (b) guarantees for all purposes of the Borrowers’ Obligations pursuant to Section 2 of Credit Agreement and the Pledge and Security Agreement; , and shall have all the obligations of a Grantor thereunder as if it had executed the Pledge and Security Agreement, (cb) grants assigns and pledges to the Collateral Agent, Administrative Agent for its benefit and the ratable benefit of the Secured Parties, a security interest in the Additional Grantor’s right, title and interest in and hereby grants to the Collateral Form of Joinder Agreement Administrative Agent for its benefit and the ratable benefit of the Secured Parties, as collateral for the Secured Obligations (as such term is defined in the Pledge and Security Agreement), wherever located a pledge and assignment of, and a security interest in, all of the right, title and interest of the undersigned in and to its Collateral, whether now owned or at any time hereafter acquired by acquired, subject to all of the Additional Grantor or in which terms and provisions of the Additional Grantor now has or at any time in the future may acquire any right, title or interestPledge and Security Agreement, as security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) if such Collateral of the Additional Grantor’s Obligations. The information set forth in Annex 1 hereto is hereby added undersigned had been subject to the information set forth in Pledge and Security Agreement on the date of its original execution, (c) attaches hereto supplements to Schedules 4.3, 4.4 and 4.7 to the Pledge and Security Agreement. The Additional Grantor hereby , and certifies that such supplements have been prepared by the Subsidiary in substantially the form of the Schedules to the Pledge and Security Agreement and are accurate and complete as of the date first above written, and (d) makes each of the representations representation and warranties contained warranty set forth in Section 4 of the Pledge and Security Agreement (as supplemented by, to itself and after giving effect to, this Assumption Agreement as to its Collateral to the same extent as each other Grantor and the Schedules attached hereto) hereby agrees to be bound as a Grantor by all of the date hereofterms and provisions of the Pledge and Security Agreement to the same extent as all other Grantors.

Appears in 1 contract

Samples: Credit Agreement (HFF, Inc.)

Pledge and Security Agreement. By executing and delivering this Assumption Agreement, the Additional Grantor, as provided in Section 8.14 7.13 of the Pledge and Security Agreement, (a) hereby becomes a party to the Pledge and Security Agreement as a Grantor and a Guarantor thereunder with the same force and effect as if originally named therein as a Grantor and a Guarantor. In accordance with the terms of the Pledge and Security Agreement and and, without limiting the generality of the foregoing, the Additional Grantor hereby expressly (a) assumes all obligations and liabilities of a Grantor Grantor, and a Guarantor under the Pledge and Security Agreement; (b) guarantees hereby collaterally assigns, grants, mortgages and pledges to the Borrowers’ Obligations pursuant to Section 2 of the Pledge Notes Collateral Agent and Security Agreement; and (c) hereby grants to the Notes Collateral Agent, for the ratable benefit of the Noteholder Secured Parties, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Notes Obligations of such Additional Grantor (including, without limitation, any extensions, modifications, substitutions, amendments or renewals of any or all of such Notes Obligations), a security interest in all of the Collateral of the Additional Grantor’s right, title and interest in and to the Collateral (as defined in the Pledge and Security Agreement), wherever located and each case whether now owned or at any time hereafter acquired by the Additional Grantor or in which the Additional Grantor now has or at any time in the future may acquire any right, title or interestinterests and wherever the same may be located, as security for but subject in all respects to the prompt terms, conditions and complete payment exclusions set forth in the Pledge and performance when due (whether at stated maturity, by acceleration or otherwise) of the Additional Grantor’s ObligationsSecurity Agreement. The information set forth in Annex 1 I-A hereto is hereby added to the information set forth in the Schedules 4.3, 4.4 and 4.7 to the Pledge and Security Agreement. The Additional Grantor hereby makes represents and warrants that each of the representations and warranties applicable to the Additional Grantor contained in Section 4 3 of the Pledge and Security Agreement is true and correct in all material respects on and as the date hereof (as supplemented by, and after giving effect to, to this Assumption Agreement and the Schedules attached heretoAgreement) as if made on and as of the date hereofsuch date.

Appears in 1 contract

Samples: Pledge and Security Agreement (JELD-WEN Holding, Inc.)

Pledge and Security Agreement. By executing and delivering this Assumption Agreement, the each Additional Grantor, as provided in Section 8.14 of the Pledge and Security Agreement, hereby becomes a party to the Pledge and Security Agreement as a Grantor and a Guarantor thereunder with the same force and effect as if originally named therein as a Grantor and a Guarantor. In accordance with the terms of the Pledge and Security Agreement and without limiting the generality of the foregoing, the each Additional Grantor hereby expressly (a) assumes all obligations and liabilities of a Grantor and a Guarantor under the Pledge and Security Agreement; (b) guarantees the Borrowers’ Obligations pursuant to Section 2 of the Pledge and Security Agreement; and (c) grants to the Collateral Agent, for the ratable benefit of the Secured Parties, a security interest in the such Additional Grantor’s right, title and interest in and to the Collateral (as defined in the Pledge and Security Agreement), wherever located and whether now owned or at any time hereafter acquired by the such Additional Grantor or in which the such Additional Grantor now has or at any time in the future may acquire any right, title or interest, as security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the such Additional Grantor’s Obligations. The information set forth in Annex 1 hereto is hereby added to the information set forth in Schedules 4.3, 4.4 and 4.7 to the Pledge and Security Agreement. The Each Additional Grantor hereby makes each of the representations and warranties contained in Section 4 of the Pledge and Security Agreement (as supplemented by, and after giving effect to, this Assumption Agreement and the Schedules attached hereto) as of the date hereof.

Appears in 1 contract

Samples: Assumption Agreement (McDermott International Inc)

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Pledge and Security Agreement. By executing and delivering this Assumption Agreement, the Additional Grantor, as provided in Section 8.14 of the Pledge and Security Agreement, hereby becomes a party to the Pledge and Security Agreement as a Grantor and a Guarantor thereunder with the same force and effect as if originally named therein as a Grantor and a Guarantor. In accordance with the terms of the Pledge and Security Agreement and without limiting the generality of the foregoing, the Additional Grantor hereby expressly (a) assumes all obligations and liabilities of a Grantor and a Guarantor under the Pledge and Security Agreement; (b) guarantees the Borrowers’ Obligations pursuant to Section 2 of the Pledge and Security Agreement; and (c) grants to the Collateral Agent, for the ratable benefit of the Secured Parties, a security interest in the Additional Grantor’s right, title and interest in and to the Collateral (as defined in the Pledge and Security Agreement), wherever located and whether now owned or at any time hereafter acquired by the Additional Grantor or in which the Additional Grantor now has or at any time in the future may acquire any right, title or interest, as security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Additional Grantor’s Obligations. The information set forth in Annex 1 hereto is hereby added to the information set forth in Schedules 4.3, 4.4 and 4.7 [ ]17 to the Pledge and Security Agreement. The Additional Grantor hereby makes each of the representations and warranties contained in Section 4 of the Pledge and Security Agreement (as supplemented by, and after giving effect to, this Assumption Agreement and the Schedules attached hereto) as of the date hereof.

Appears in 1 contract

Samples: Credit Agreement (McDermott International Inc)

Pledge and Security Agreement. By executing and delivering this Assumption Agreement, the each Additional Grantor, as provided in Section 8.14 of the Pledge and Security Agreement, hereby becomes a party to the Pledge and Security Agreement as a Grantor and a Guarantor thereunder with the same force and effect as if originally named therein as a Grantor and a Guarantor. In accordance with the terms of the Pledge and Security Agreement and without limiting the generality of the foregoing, the each Additional Grantor hereby expressly (a) assumes all obligations and liabilities of a Grantor and a Guarantor under the Pledge and Security Agreement; (b) guarantees the Borrowers’ Borrower’s Obligations pursuant to Section 2 of the Pledge and Security Agreement; and (c) grants to the Collateral Agent, for the ratable benefit of the Secured Parties, a security interest in the such Additional Grantor’s right, title and interest in and to the Collateral (as defined in the Pledge and Security Agreement), wherever located and whether now owned or at any time hereafter acquired by the such Additional Grantor or in which the such Additional Grantor now has or at any time in the future may acquire any right, title or interest, as security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the such Additional Grantor’s Obligations. The information set forth in Annex 1 hereto is hereby added to the information set forth in Schedules 4.3, 4.4 and 4.7 to the Pledge and Security Agreement. The Each Additional Grantor hereby makes each of the representations and warranties contained in Section 4 of the Pledge and Security Agreement (as supplemented by, and after giving effect to, this Assumption Agreement and the Schedules attached hereto) as of the date hereof.

Appears in 1 contract

Samples: Assumption Agreement (McDermott International Inc)

Pledge and Security Agreement. By executing and delivering this Assumption Agreement, the Additional Grantor, as provided in Section 8.14 7.13 of the Pledge and Security Agreement, (a) hereby becomes a party to the Pledge and Security Agreement as a Grantor and a Guarantor thereunder with the same force and effect as if originally named therein as a Grantor and a Guarantor. In accordance with the terms of the Pledge and Security Agreement and and, without limiting the generality of the foregoing, the Additional Grantor hereby expressly (a) assumes all obligations and liabilities of a Grantor Grantor, and a Guarantor under the Pledge and Security Agreement; (b) guarantees the Borrowers’ Obligations pursuant to Section 2 of the Pledge and Security Agreement; and (c) hereby grants to the Collateral Agent, for the ratable benefit of the Secured Parties, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Additional Grantor (including, without limitation, any extensions, modifications, substitutions, amendments or renewals of any or all of such Obligations), a security interest in all of the Collateral of the Additional Grantor’s right, title and interest in and to the Collateral (as defined in the Pledge and Security Agreement), wherever located and each case whether now owned or at any time hereafter acquired by the Additional Grantor or in which the Additional Grantor now has or at any time in the future may acquire any right, title or interestinterests and wherever the same may be located, as security for but subject in all respects to the prompt terms, conditions and complete payment exclusions set forth in the Pledge and performance when due (whether at stated maturity, by acceleration or otherwise) of the Additional Grantor’s ObligationsSecurity Agreement. The information set forth in Annex 1 I-A hereto is hereby added to the information set forth in the Schedules 4.3, 4.4 and 4.7 to the Pledge and Security Agreement. The Additional Grantor hereby makes represents and warrants that each of the representations and warranties applicable to the Additional Grantor contained in Section 4 3 of the Pledge and Security Agreement is true and correct in all material respects on and as the date hereof (as supplemented by, and after giving effect to, to this Assumption Agreement and the Schedules attached heretoAgreement) as if made on and as of the date hereofsuch date.

Appears in 1 contract

Samples: Credit Agreement (Clarivate Analytics PLC)

Pledge and Security Agreement. By executing and delivering this Assumption Agreement, the Additional Grantor, as provided in Section 8.14 of the Pledge and Security Agreement, hereby becomes a party to the Pledge and Security Agreement as a Grantor and a Guarantor thereunder with the same force and effect as if originally named therein as a Grantor and a Guarantor. In accordance with the terms of the Pledge and Security Agreement and without limiting the generality of the foregoing, the Additional Grantor hereby expressly (a) assumes all obligations and liabilities of a Grantor and a Guarantor under the Pledge and Security Agreement; (b) guarantees the Borrowers’ Obligations pursuant to Section 2 of the Pledge and Security Agreement; and (c) grants to the Collateral Agent, for the ratable benefit of the Secured Parties, a security interest in the Additional Grantor’s right, title and interest in and to the Collateral (as defined in the Pledge and Security Agreement), wherever located and whether now owned or at any time hereafter acquired by the Additional Grantor or in which the Additional Grantor now has or at any time in the future may acquire any right, title or interest, as security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Additional Grantor’s Obligations. The information set forth in Annex 1 hereto is hereby added to the information set forth in Schedules 4.3, 4.4 4.4, 4.7 and 4.7 4.13 to the Pledge and Security Agreement. The Additional Grantor hereby makes each of the representations and warranties contained in Section 4 of the Pledge and Security Agreement (as supplemented by, and after giving effect to, this Assumption Agreement and the Schedules attached hereto) as of the date hereof.

Appears in 1 contract

Samples: Assumption Agreement (McDermott International Inc)

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