Additional Pledge. As security for the payment and performance of the Secured Obligations, the Grantor hereby:
(a) pledges, hypothecates, assigns, charges, mortgages, delivers, sets over, conveys and transfers to the Administrative Agent, for the benefit of the Secured Parties, and grants to the Administrative Agent, for the benefit of the Secured Parties, a security interest in all of the Grantor’s right, title and interest in and to:
(i) the shares of Capital Stock and Stock Equivalents more particularly described in Schedule I hereto and the certificates, if any, evidencing such shares (the “Additional Pledged Securities”) and all cash, instruments and other property from time to time received, receivable or otherwise distributed in exchange for any and all of such Additional Pledged Securities; and
(ii) all other Collateral (as defined in the Guaranty and Security Agreement) relating to the Additional Pledged Securities (together with the items described in clause (i) above, the “Additional Pledged Collateral”); and
(b) delivers to the Administrative Agent, for the benefit of the Secured Parties, all of the Grantor’s right, title and interest in and to the certificates and instruments, if any, evidencing the Additional Pledged Collateral, accompanied by instruments of transfer or assignment, duly executed in blank.
Additional Pledge. Effective upon any Person becoming a Significant Subsidiary, the parent thereof shall pledge the stock or other equity interests thereof to the Administrative Agent for the benefit of the Secured Parties pursuant to documentation reasonably acceptable to the Administrative Agent provided that no pledge of the stock of NSIC shall be required so long as NSIC is not a direct Subsidiary of the Borrower.
Additional Pledge. As security for the payment and performance of the Secured Obligations, the Supplement Pledgor hereby:
(a) pledges, hypothecates, assigns, charges, mortgages, delivers, sets over, conveys and transfers to the Administrative Agent, for the benefit of the Secured Parties, and grants to the Administrative Agent, for the benefit of the Secured Parties, a security interest in all of the Supplemental Pledgor’s right, title and interest in and to:
(i) the shares of capital stock more particularly described in Schedule I hereto and the certificates, if any, evidencing such shares (the “Additional Pledged Shares”) and all cash, instruments and other property from time to time received, receivable or otherwise distributed in exchange for any and all of such Additional Pledged Shares;
(ii) the membership interests more particularly described in Schedule II hereto and the certificates, if any, evidencing such membership interests (the “Additional Pledged Membership Interests”) and all cash, instruments and other property from time to time received, receivable or otherwise distributed in exchange for any and all of such Additional Pledged Membership Interests;
(iii) the promissory notes and instruments more particularly described on Schedule III hereto (the “Additional Pledged Notes”) and all interest, cash, instruments and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for the Additional Pledged Notes; and
(iv) all other Pledged Collateral (as defined in the Pledge Agreement) relating to the Additional Pledged Shares, the Additional Pledged Membership Interests and the Additional Pledged Notes (the items described in subsections (i), (ii), (iii) and (iv) above, collectively, the “Additional Pledged Collateral”); and
(b) delivers to the Administrative Agent, for the benefit of the Secured Parties, all of the Supplement Pledgor’s right, title and interest in and to the certificates and instruments, if any, evidencing the Additional Pledged Collateral, accompanied by instruments of transfer or assignment, duly executed in blank.
Additional Pledge. [The Pledgor hereby confirms and reaffirms the security interest in the Collateral granted to the Administrative Agent, for the ratable benefit of itself and the other Secured Parties, under the Collateral Agreement and, as additional collateral security for the prompt and complete payment when due (whether at stated maturity, by acceleration or otherwise) of the Obligations and in order to induce the Lenders to make their extensions of credit under the Credit Agreement and to induce the Hedge Counterparties to make their extensions of credit under the Hedging Agreements, the Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of itself and the other Secured Parties, all of the issued and outstanding shares of capital stock of the New Subsidiary listed on Annex B, together with all stock certificates, options, or rights of any nature whatsoever which may be issued or granted by the New Subsidiary in respect of such stock (the “Additional Investment Property”; as used in the Collateral Agreement as supplemented hereby, “Investment Property” shall be deemed to include the Additional Investment Property) and hereby grants to the Administrative Agent, for the ratable benefit of itself and the other Secured Parties, a first priority security interest in the Additional Investment Property and all Proceeds thereof.] [The Pledgor hereby confirms and reaffirms the security interest in the Collateral granted to the Administrative Agent, for the ratable benefit of itself and the other Secured Parties, under the Collateral Agreement and, as additional collateral security for the prompt and complete payment when due (whether at stated maturity, by acceleration or otherwise) of the Obligations and in order to induce the Lenders to make their extensions of credit under the Credit Agreement and to induce the Hedge Counterparties to make their extensions of credit under the Hedging Agreements, the Pledgor hereby grants to the Administrative Agent, for the ratable benefit of itself and the other Secured Parties, a first priority security interest in the entire partnership or membership interest of Pledgor (the “Additional Partnership/LLC Interest”) in the New Subsidiary listed on Annex B and all Proceeds thereof; as used in the Collateral Agreement as supplemented hereby, “Partnership/LLC Interests” shall be deemed to include the Additional Partnership/LLC Interest.]
Additional Pledge. (a) When the Pledgor deposits into the Onshore Cash Collateral Account an amount additional to that required under Attachment 1 (Specifics of the Original CD) to the Agreement, the Account Control Bank shall set up a RMB certificate of deposits for the additional amount (for a tenor to be decided by the Security Agent). The Pledgor shall pledge the New CD to the Security Agent and establish the first right of pledge for the Security Agent.
(b) If in accordance with the Loan Contract and the Account Control Agreement, the Security Agent deems it necessary (as per instructions of the Instructing Group), it may, in the manner it considers appropriate at its own discretion, require the Pledgor to withdraw in advance amounts from one or more Pledged CDs. After the early withdrawal, the Account Control Bank shall immediately set up a New CD (with a tenor to be decided by the Security Agent) for the remaining balance of a Pledged CD (or for the balance(s), combined or not as to be determined by the Security Agent (acting as per instructions of the Instructing Group), in the case of early withdrawals from more than one Pledged CDs). The Pledgor shall pledge the New CD(s) to the Security Agent, and establish the first right of pledge for the Security Agent.
(c) For the purpose of setting up pledge under items (a) and (b) in this clause, the Pledgor shall, within 5 Business Days upon depositing any additional amounts into the Onshore Cash Collateral Account or making any early withdrawals from the Pledged CD(s) as per requirements of the Security Agent, ensure that the Security Agent receives the Additional Pledge Commitments signed in the format as specified in Attachment 2 (The Format of Additional Pledge Commitment), and provide to the Security Agent (or any party designated by the Security Agent) the New CD(s), the signature specimens or passwords and the conformation of the New CD(s).
Additional Pledge. Effective upon any Person becoming a Significant Subsidiary, the parent thereof shall pledge the stock or other equity interests thereof to the Agent for the benefit of the Lenders pursuant to documentation reasonably acceptable to the Agent.
Additional Pledge. ADDITIONAL SHARE PLEDGE AGREEMENT (the “Additional Pledge”) entered into this …………………, 20….. between:
Additional Pledge. As security for the payment and performance of the Secured Obligations, the Pledgor hereby (i) pledges and grants to the Canadian Collateral Agent, for the benefit of the Creditors, a first priority continuing security interest in all of the Pledgor's right, title and interest in, to and under the following property, whether now owned by or owing to, or hereafter acquired by or arising in favor of the Pledgor and (ii) pledges and grants to the Canadian Collateral Agent for the benefit of the Swap Providers, a first priority continuing security interest in all of the Pledgor's right, title and interest in, to and under the following property, whether now owned by or owing to, or hereafter acquired by or arising in favor of the Pledgor:
(a) The Equity Interests more particularly described on Schedule I hereto and the certificates representing such Equity Interests (the "Additional Pledged Shares"), and all dividends, cash, instruments and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the Pledged Shares;
(b) all other Pledged Collateral (as defined in the Pledge Agreement) (the items described in subsections (a) and (b) above, collectively, the "Additional Pledged Collateral"); and
Additional Pledge. Effective upon any Person becoming a Subsidiary, Borrower shall, or shall cause the shareholder or shareholders thereof, to pledge the stock or other equity interests thereof to Collateral Agent pursuant to documentation reasonably acceptable to Administrative Agent; provided, that such shareholder shall only be required to pledge 65% of the equity interests of any Subsidiary which is not a Domestic Subsidiary.
Additional Pledge. (a) After acquiring the ownership of any New Equipment, the Pledgor should pledge the New Equipment and all the (existing and future) rights, benefits and interests from the New Equipment to the Security Agent as security for the obligations under the Transaction Finance Document.
(b) The Pledgor should ensure that the Security Agent, within 30 days upon completion of customs clearance for the New Equipment, receives the Additional Pledge Commitment signed by the Pledgor in substantially the same format as the Attachment II (The Format of Additional Pledge Commitments), and ensure that the Security Agent, within 60 days upon completion of the customs clearance for the New Equipment, receives the Pledge Certificate for the purpose of the pledge of the New Equipment and within 90 days upon completion of the customs clearance for the New Equipment, the Security Certificate and the approval and registration documents from the Approving Authority or certificates for the unavailability of the relevant approval document or registration document.
