Common use of Borrower Pledge of Subsidiary Stock Clause in Contracts

Borrower Pledge of Subsidiary Stock. If any Subsidiary to the Parent is created or acquired after the Closing Date, the Parent or the applicable Subsidiary shall execute and deliver to the Agent an amendment to the Amended and Restated Master Security Agreement, describing as collateral thereunder the stock of or other ownership interests in the new Subsidiary as collateral for the payment of the Obligations, and the Parent or the applicable Subsidiary shall deliver the certificates representing such stock or other interests to the Agent together with undated stock or other powers duly executed in blank.

Borrower Pledge of Subsidiary Stock. If any Subsidiary to the Parent is created or acquired after the Closing Date, the Parent or the applicable Subsidiary shall execute and deliver to the Agent an amendment to the Amended and Restated Master Guarantor Security Agreement, describing as collateral thereunder the stock of or other ownership interests in the new Subsidiary as collateral for the payment of the Obligations, and the Parent or the applicable Subsidiary shall deliver the certificates representing such stock or other interests to the Agent together with undated stock or other powers duly executed in blank.

Borrower Pledge of Subsidiary Stock. If any Subsidiary to the Parent is created or acquired after the Closing Date, the Parent or the applicable Subsidiary Borrower shall execute and deliver to the Agent an amendment to the Amended and Restated Master Security Agreement, Borrower Pledge Agreement describing as collateral thereunder the stock of or other ownership interests in the new Subsidiary as collateral for the payment of the Obligations, and the Parent or the applicable Subsidiary Borrower shall deliver the certificates representing such stock or other interests to the Agent together with undated stock or other powers duly executed in blank.