Common use of General Business Conditions Clause in Contracts

General Business Conditions. The Pledgor undertakes to use best efforts to procure that each Account Bank subordinates, as soon as possible, any existing pledge it may hold, including, but without limitation, any pledge existing by operation of its General Business Conditions (Allgemeine Geschäftsbedingungen), to the Pledges (or any of them) so that the Pledges will rank ahead of all other pledges affecting any of the Accounts.

General Business Conditions. The Pledgor undertakes to use its best efforts to procure that each Account Bank subordinates, as soon as possible, any existing pledge it may holdhold with respect to the Accounts, including, but without limitation, any pledge existing by operation of its General Business Conditions (Allgemeine GeschäftsbedingungenGeschaftsbedingungen), to the Pledges (or any of them) Pledge so that the Pledges Pledge will rank ahead of all other pledges affecting any of the Accounts.

General Business Conditions. The Pledgor undertakes to use best efforts to procure that each the Account Bank subordinates, as soon as possible, subordinates any existing pledge it may holdpledge, including, but without limitation, any pledge existing by operation of its General Business Conditions (Allgemeine Geschäftsbedingungen)general business conditions, and any other rights it might have against the Pledgor and that might affect the Pledgee’s rights hereunder to the Pledges (or any of them) so that the Pledges will rank ahead of all other pledges affecting any claim and rights of the AccountsPledgee under this Agreement.