Delivery of the Pledged Equity. (a) Each Grantor agrees promptly to deliver or cause to be delivered to the Collateral Agent, for the benefit of the Secured Parties, any and all Pledged Securities; provided that the Grantors shall only be required to deliver Pledged Securities evidencing Indebtedness to the extent the principal amount thereof exceeds $500,000.
Appears in 3 contracts
Samples: Credit Agreement (Horizon Global Corp), Term Intercreditor Agreement (Horizon Global Corp), Credit Agreement (Horizon Global Corp)
Delivery of the Pledged Equity. (a) Each Grantor agrees promptly to deliver or cause to be delivered to the Collateral AgentAgent (or its agent or designee), for the benefit of the Foreign Facility Secured Parties, any and all Pledged Securities; provided that the Grantors shall only be required to deliver Pledged Securities evidencing Indebtedness Debt to the extent the principal amount thereof exceeds $500,000.
Appears in 2 contracts
Samples: And Collateral Agreement, Foreign Facility Guarantee and Collateral Agreement (Horizon Global Corp)
Delivery of the Pledged Equity. (a) Each Grantor agrees promptly to deliver or cause to be delivered to the Collateral Agent (or its agent or designee, including without limitation to the Term Agent, as Agent’s agent for perfection pursuant to Section 3.2 of the Intercreditor Agreement), for the benefit of the Secured Parties, any and all Pledged Securities; provided that the Grantors shall only be required to deliver Pledged Securities evidencing Indebtedness Debt to the extent the principal amount thereof exceeds $500,000.
Appears in 1 contract
Samples: Loan Agreement (Horizon Global Corp)
Delivery of the Pledged Equity. (a) Each Grantor agrees promptly to deliver or cause to be delivered to the Collateral Agent, for the benefit of the Secured Parties, any and all Pledged SecuritiesSecurities if and to the extent such Pledged Securities are certificated; provided that the Grantors shall only be required to deliver Pledged Securities evidencing Indebtedness to the extent the principal amount thereof exceeds $500,000.
Appears in 1 contract
Delivery of the Pledged Equity. (a) Each Grantor agrees promptly to deliver or cause to be delivered to the Collateral Agent, for the benefit of the Secured Parties, any and all Pledged Securities, if and to the extent such Pledged Securities are certificated; provided that the Grantors shall only be required to deliver Pledged Securities evidencing Indebtedness to the extent the principal amount thereof exceeds $500,000.
Appears in 1 contract
