Creation of the Pledge Sample Clauses

Creation of the Pledge. (a) In order to secure the due and prompt satisfaction of any of the Obligations (including any obligations under the Hedging Agreements (as defined in the Credit Agreement)), each Pledgor, respectively, hereby grants in favor of the Pledgee for its own benefit and for the benefit of the Secured Parties, a first priority duly perfected pledge of, and security interest in, all of its rights and title in and to the Pledged Partnership Interests, the entry made in the partners’ registry book of the Company representing the Pledged Partnership Interests, and in and to all dividends, distributions (whether in cash, in kind, in other partnership interest or in any other form), cash, instruments, shares and other property from time to time received, receivable, payable or otherwise distributed in respect of or in exchange for any or all of each Pledgor’s interest in such Pledged Partnership Interests and all proceeds of the foregoing (collectively, the “Collateral”). (b) For purposes of perfecting the pledge and security interest created hereunder, as required by Article 334, Section III of the LGTOC, on the date hereof, each Pledgor delivers to the Pledgee, a copy of the entry in the partners’ registry book (libro de registro de socios) of the Company, containing a notation duly certified by the Secretary of the Board of Managers and a notary public stating that the Pledged Partnership Interests have been pledged in favor of the Pledgee hereunder. (c) Each Pledgor agrees to file this Agreement for registration with the Registry of Guaranties on Movable Assets (as defined below) within fifteen (15) business days after the date on which such registry starts operating (with such extensions as the Pledgee may grant in its sole discretion) and shall obtain and deliver to the Pledgee written confirmation, in terms satisfactory to the Pledgee, of the registration of this Agreement with the Registry of Guaranties on Movable Assets, within one hundred and twenty (120) calendar days from the date of its filing before the Registry of Guaranties on Movable Assets (with such extensions as the Pledgee may grant in its sole discretion). “Registry of Guaranties on Movable Assets” means the guaranty section in the public registry of commerce corresponding to the corporate domicile of the Pledgors, pursuant to the provisions of the amending decree upon which certain provisions to the Commerce Code are added (Decreto por el que se reforman y adicionan algunas disposiciones del Cód...

Creation of the Pledge. As continuing first ranking security for the due and full payment, discharge and performance of the Relevant Secured Liabilities, the Pledgor hereby pledges to the Pledgee all the Relevant Pledged Assets which are at present or are in the future deposited in the relevant Luxembourg Basic Clearing Member Pledged Securities Account(s) and hereby grants to the Pledgee a first ranking security (“gage”) over such Relevant Pledged Assets. The Third Party Pledge Holder hereby acknowledges the Pledge created by the Pledgor in favour of the Pledgee in relation to the Relevant Pledged Assets deposited from time to time to the credit of the relevant Luxembourg Basic Clearing Member Pledged Securities Account pursuant to and in accordance with this Schedule 2, and hereby acknowledges and confirms to hold such Relevant Pledged Assets from time to time standing to the credit of the relevant Luxembourg Basic Clearing Member Pledged Securities Account for the benefit of the Pledgor, as owner of the Relevant Pledge Assets and pledgor, and Eurex Clearing AG, as pledgee. The Parties hereby agree that each Luxembourg Basic Clearing Member Pledged Securities Account shall be subject to an account control mechanism as further set out in Clause 2.2 (Perfection of the Pledge).

Creation of the Pledge. (1) The Pledgor shall establish the Pledge upon the Pledged Shares in favor of the Pledgee under the terms of this Agreement to secure the Secured Obligations, and the Pledgee shall be granted with the Pledge upon the Pledged Shares in accordance with this Agreement. (2) In furtherance of the establishment of the Pledge, the Pledgor shall, on the Execution Date: 1. indicate the name of the Pledgee as the pledgee on the share certificates representing the Pledged Shares and deliver the said share certificates to the Pledgee; 2. cause the Company to record the Pledgee’s name and address, along with the fact that the Pledge upon the Pledged Shares has been established, in the shareholder registry of the Company and provide the Pledgee with a certified true copy of the original shareholder registry reflecting such recordation; and 3. execute and deliver to the Pledgee a written (i) letter of consent for disposal in the form attached to this Agreement as Exhibit 1, and (ii) certificate of transfer in the form attached to this Agreement as Exhibit 2, each affixed with the registered personal seal of the Pledgor, and provide two (2) copies of the certificate of the registered personal seal to the Pledgee. (3) In addition to those specified in Section 2(2), the Pledgor shall take all necessary actions, including the preparation of documents and other necessary measures as reasonably requested by the Pledgee to establish, maintain and perfect the Pledge.

Creation of the Pledge. As continuing first ranking security interest for the full and punctual payment, performance and discharge of the Obligations, the Pledgor agrees to pledge and hereby pledges the Shares and its present and future rights, title, claims and interest in the Shares to, and in favour of, the Pledgee, who accepts the Pledge.

Creation of the Pledge. As continuing first ranking security for the full payment, discharge and performance of the Secured Liabilities, the Pledgor hereby pledges to the Pledgee all the Pledged Assets and hereby grants to the Pledgee a first ranking security (“gage”) over such Pledged Assets.

Creation of the Pledge. As continuing security for the due and full payment, discharge and performance of the Relevant Secured Liabilities, the Pledgor hereby pledges to the Pledgee the Relevant Pledged Assets which are at present or are in the future deposited in the Non-CmaX Pledged Account(s) and hereby grants to the Pledgee a Pledge (“gage”) over such Relevant Pledged Assets.

Creation of the Pledge. As continuing first ranking security for the due and full payment, discharge and performance of the Relevant Secured Liabilities, the Pledgor hereby pledges to the Pledgee all the Relevant Pledged Assets which are at present or are in the future deposited in the relevant Luxembourg Basic Clearing Member Pledged Securities Account(s) and hereby grants to the Pledgee a first ranking security (“gage”) over such Relevant Pledged Assets. The Parties hereby agree that each Luxembourg Basic Clearing Member Pledged Securities Account shall be subject to an account control mechanism as further set out in Clause 2.2 (Perfection of the Pledge).

Creation of the Pledge. As continuing first ranking security for the due and full payment, discharge and performance of the Relevant Secured Liabilities, the Pledgor hereby pledges to the Pledgee all the Relevant Pledged Assets which are at present or are in the future deposited in the relevant CmaX Basic Clearing Member Pledged Securities Account(s) and hereby grants to the Pledgee a first ranking security (“gage”) over such Relevant Pledged Assets. The Parties hereby agree that each CmaX Basic Clearing Member Pledged Securities Account shall be subject to an account control mechanism as further set out in Clause 3.2 (Perfection of the Pledge).

Creation of the Pledge. As continuing first ranking security for the full payment, discharge and performance of the Relevant Secured Liabilities, the Pledgor hereby pledges to the Pledgee all the Relevant Pledged Assets which are at present or are in the future deposited in the GC Pooling Re- use Basic Clearing Member Pledged Securities Account(s) and hereby grants to the Pledgee a first ranking security (“gage”) over such Relevant Pledged Assets. The Parties hereby agree that each GC Pooling Re-use Basic Clearing Member Pledged Securities Account shall be subject to an account control mechanism as further set out in Clause 4.2 (Perfection of the Pledge).

Creation of the Pledge. 3.1 On the date of this Agreement, the Pledgor shall execute the Statement of Pledge and deliver to the Notes Foreign Collateral Agent an original copy of the same. Promptly upon execution, the Pledgor shall also deliver (i) to the Securities Account Holder an original copy of the Statement of Pledge and (ii) to the Cash Account Holder a copy of the Statement of Pledge and a copy of this Agreement, and shall (x) cause the Securities Account Holder, who hereby agrees, and (y) instruct the Cash Account Holder, as applicable, to: 3.1.1 open and identify the Securities Account; 3.1.2 open and identify the Cash Account; 3.1.3 credit to the Securities Account the Pledged Securities existing at the date hereof, being 12,089,248 shares of the issued share capital of the Company; 3.1.4 promptly deliver to the Notes Foreign Collateral Agent a Certificate of Pledge of those initially Pledged Securities; 3.1.5 promptly deliver to the Notes Foreign Collateral Agent a Certificate of Pledge of Cash Account. 3.2 Promptly upon becoming owner of any shares or other Securities referred to in Clause 2.3 the Pledgor shall cause the Securities Account Holder, who hereby agrees, to credit such shares or other Securities to the Securities Account; and 3.2.1 promptly deliver to the Notes Foreign Collateral Agent a Certificate of Pledge of those subsequently Pledged Securities. 3.3 The Securities Account Holder shall take all necessary steps so that (i) the Pledge over the Securities Account and (ii) the Pledged Securities credited in the Securities Account, are recorded in the Company’s register of shareholders.