Issuers Covenant. The Issuers hereby covenant in favour of each Securityholder that each Securityholder is entitled to exercise or enforce in respect of each Security held by him, the rights and obligations attaching to the relevant Security as set out in, and subject to, this Agreement, the Conditions and the applicable Final Terms attached to, or incorporated by reference into, the Global Security.
Issuers Covenant. The Issuers hereby covenant in favour of each Noteholder that each Noteholder is entitled to exercise or enforce in respect of each Note held by him, the rights and obligations attaching to the relevant Note as set out in, and subject to, this Agreement, the Conditions and the applicable Final Terms attached to, or incorporated by reference into, the Global Note.
Issuers Covenant. The issuer of certain of the Collateral hereby covenants and agrees to comply with the terms and provisions of this Pledge Agreement, mutatis mutandis, and to do whatever is necessary or reasonably desirable to enable the Pledgor to comply with its covenants contained herein, including without limitation those provisions contained in Paragraph 10 of this Pledge Agreement. The undersigned Issuer further acknowledges and agrees that, in the event the Pledged Securities are uncertificated, this Agreement alone and the presentment thereof be all that is necessary and shall suffice to allow Pledgee/Lender to assert and enforce its rights hereunder. The undersigned issuer hereby consents to the pledge made herein, and agrees, that in the event of a default thereunder and Pledgee/Lender's enforcement of its rights thereunder, will take all such actions which are necessary to afford Pledgee full realization of its rights and remedies set forth therein as such relate to the Pledged Securities of the undersigned issuer, including the transfer thereof to Pledgee/Lender. ____________________________________ By:_________________________________ Name: ______________________________ Title: ____________________________ SCHEDULE A PLEDGED SECURITIES CAPITAL STOCK OF ISSUERS OWNED BY PLEDGOR Issuer Pledgor's Interest Maverick Turner Escalara, LLC (Delawaxx XXX) 99% Maverick Whitewater, LLC (Delaware LLC) 99% PHT Resendez Partners, LP (Delawxxx XX) 19.8% RBE, LLC ( Delaware LLC) 50% Maverick Basin Exploration, LLC (Delaware LLC) 74.25%
