Common use of Joinder of Additional Pledgors Clause in Contracts

Joinder of Additional Pledgors. The Pledgors shall cause each Subsidiary of the Borrower which, from time to time, after the date hereof shall be required to pledge any assets to the Administrative Agent for the benefit of the Secured Parties pursuant to the provisions of the Loan Documents, to execute and deliver to the Administrative Agent a Joinder Agreement substantially in the form of Exhibit 3 hereto, in each case, within thirty (30) days of the date on which it was acquired or created (or such longer period as the Administrative Agent may agree in its reasonable discretion). Upon such execution and delivery, such Subsidiary shall constitute a “Subsidiary Guarantor” and a “Pledgor” for all purposes hereunder with the same force and effect as if originally named as a Subsidiary Guarantor and Pledgor herein. The execution and delivery of such Joinder Agreement shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Guarantor and Pledgor as a party to this Agreement.

Appears in 4 contracts

Samples: Security Agreement (ESH Hospitality, Inc.), Credit Agreement (ESH Hospitality, Inc.), Credit Agreement (ESH Hospitality, Inc.)

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Joinder of Additional Pledgors. The Pledgors shall cause each Subsidiary of the Borrower Borrowers which, from time to time, after the date hereof shall be required to pledge any assets to the Administrative Agent for the benefit of the Secured Parties pursuant to the provisions of the Loan DocumentsCredit Agreement, to execute and deliver to the Administrative Agent (i) a Joinder Agreement substantially in the form of Exhibit 3 heretoannexed hereto within five (5) Business Days on which it was acquired or created and (ii) a Perfection Certificate, in each case, within thirty five (305) days Business Days of the date on which it was acquired or created (or such longer period as the Administrative Agent may agree in its reasonable discretion). Upon and, upon such execution and delivery, such Subsidiary shall constitute a “Subsidiary Borrower” or “Guarantor”, as applicable, and a “Pledgor” for all purposes hereunder with the same force and effect as if originally named as a Subsidiary Guarantor Borrower or Guarantor, as applicable, and Pledgor herein. The execution and delivery of such Joinder Agreement shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Borrower, Guarantor and Pledgor as a party to this Agreement.

Appears in 4 contracts

Samples: Control Agreement (Department 56 Inc), Security Agreement (Lenox Group Inc), Control Agreement (Department 56 Inc)

Joinder of Additional Pledgors. The Pledgors shall cause each Subsidiary of the Borrower Borrowers which, from time to time, after the date hereof shall be required to pledge any assets to the Administrative Agent for the benefit of the Secured Parties pursuant to the provisions of the Loan DocumentsCredit Agreement, to execute and deliver to the Administrative Agent (i) a Joinder Agreement substantially in the form of Exhibit 3 heretoannexed hereto within thirty (30) days on which it was acquired or created and (ii) a Perfection Certificate, in each case, within thirty (30) days of the date on which it was acquired or created (or such longer period as the Administrative Agent may agree in its reasonable discretion). Upon and, upon such execution and delivery, such Subsidiary shall constitute a “Subsidiary Borrowers” or “Guarantor”, as applicable, and a “Pledgor” for all purposes hereunder with the same force and effect as if originally named as a Subsidiary Guarantor Borrowers or Guarantor, as applicable, and Pledgor herein. The execution and delivery of such Joinder Agreement shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Borrowers, Guarantor and Pledgor as a party to this Agreement.

Appears in 3 contracts

Samples: Control Agreement (Bearingpoint Inc), Control Agreement (Bearingpoint Inc), Security Agreement (Bearingpoint Inc)

Joinder of Additional Pledgors. The Pledgors shall cause each Subsidiary of the Borrower whichCompany that, from time to time, after the date hereof shall be required to pledge any assets to the Administrative Noteholder Collateral Agent for the benefit of the Secured Parties pursuant to the provisions of the Loan DocumentsIndenture, to execute and deliver to the Administrative Noteholder Collateral Agent (i) a Joinder Agreement substantially in the form of Exhibit 3 heretoXxxxxxx 0 xxxxxx, (xx) a Perfection Certificate, in each case, within thirty (30) 30 days of after the date on which it was acquired or created (or such longer period later date as may be agreed by the Noteholder Collateral Agent in its sole discretion) and (iii) such other documentation in connection therewith as the Administrative Noteholder Collateral Agent may agree in its reasonable discretion). Upon shall request, and upon such execution and delivery, such Subsidiary shall constitute a “Subsidiary Guarantor” and a “Pledgor” for all purposes hereunder with the same force and effect as if originally named as a Subsidiary Guarantor and Pledgor herein. The execution and delivery of such Joinder Agreement shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of of, or failure to add, any new Subsidiary Guarantor and or new Pledgor as a party to this AgreementAgreement or any other Notes Document.

Appears in 2 contracts

Samples: Security Agreement (SAExploration Holdings, Inc.), Security Agreement (SAExploration Holdings, Inc.)

Joinder of Additional Pledgors. The Pledgors shall cause each Subsidiary of the Borrower a Pledgor which, from time to time, after the date hereof shall be required to pledge any assets to the Administrative Agent for the benefit of the Secured Parties pursuant to the provisions of Section 6.13 of the Loan DocumentsCredit Agreement, to execute and deliver to the Administrative Agent (i) a Joinder Agreement substantially in the form of Exhibit 3 hereto, in each case, hereto within thirty five (305) days Business Days of the date on which it was acquired or created and (ii) a Perfection Certificate, in each case, within five (5) Business Days of the date on which it was acquired or such longer period as created. With respect to the Administrative Agent may agree foregoing in its reasonable discretion). Upon this Section 3.5, upon such execution and delivery, such Subsidiary shall constitute a “Subsidiary Guarantor” and a “Pledgor” for all purposes hereunder with the same force and effect as if originally named as a Subsidiary Guarantor and Pledgor herein. The execution and delivery of such Joinder Agreement shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Guarantor and Pledgor as a party to this Agreement.

Appears in 1 contract

Samples: Pledge and Security Agreement (Smith & Wesson Holding Corp)

Joinder of Additional Pledgors. The Pledgors shall cause each Subsidiary of the Borrower (other than an Excluded Subsidiary) which, from time to time, after the date hereof shall be required to pledge any assets to the Administrative Agent for the benefit of the Secured Parties pursuant to the provisions of the Loan DocumentsCredit Agreement, (a) to execute and deliver to the Administrative Agent (i) a Joinder Security Agreement Supplement substantially in the form of Exhibit 3 heretohereto and (ii) a Perfection Certificate, in each case, within thirty (30) days of the date on which it was acquired or created or (or b) in the case of a Foreign Subsidiary required to pledge any assets to the Administrative Agent, to execute and deliver to the Administrative Agent such longer period documentation as the Administrative Agent may agree shall reasonably request and, in its reasonable discretion). Upon each case with respect to clauses (a) and (b) above, upon such execution and delivery, such Subsidiary shall constitute a “Subsidiary Guarantor” and a “Pledgor” for all purposes hereunder with the same force and effect as if originally named as a Subsidiary Guarantor and Pledgor herein. The execution and delivery of such Joinder Security Agreement Supplement shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Guarantor and Pledgor as a party to this Agreement.

Appears in 1 contract

Samples: Security Agreement (Polyone Corp)

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Joinder of Additional Pledgors. The Pledgors shall cause each Subsidiary of the Borrower Company which, from time to time, after the date hereof shall be required to pledge any assets Capital Interests in Restricted Subsidiaries to the Administrative Agent Trustee for the benefit of the Secured Parties pursuant to the provisions of the Loan DocumentsIndenture, to execute and deliver to the Administrative Agent Trustee (i) a Joinder Agreement substantially in the form of Exhibit 3 heretohereto within thirty (30) days of the date on which it was acquired or created and (ii) a Perfection Certificate, in each case, within thirty (30) days of the date on which it was acquired or created (or such longer period as the Administrative Agent may agree in its reasonable discretion). Upon created, upon such execution and delivery, such Subsidiary shall constitute a “Subsidiary Guarantor” and a “Pledgor” for all purposes hereunder with the same force and effect as if originally named as a Subsidiary Guarantor and Pledgor herein. The execution and delivery of such Joinder Agreement shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Guarantor and Pledgor as a party to this Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Intcomex Holdings, LLC)

Joinder of Additional Pledgors. The Pledgors shall cause each Subsidiary of the Borrower Company which, from time to time, after the date hereof shall be required to pledge any assets Capital Interests in Restricted Subsidiaries to the Administrative Agent Trustee for the benefit of the Secured Parties pursuant to the provisions of the Loan DocumentsIndenture, to execute and deliver to the Administrative Agent Trustee (i) a Joinder Agreement substantially in the form of Exhibit 3 heretohereto within thirty (30) days of the date on which it was acquired or created and (ii) a Perfection Certificate, in each case, within thirty (30) days of the date on which it was acquired or created (or such longer period as the Administrative Agent may agree in its reasonable discretion). Upon created, and upon such execution and delivery, such Subsidiary shall constitute a “Subsidiary Guarantor” and a “Pledgor” for all purposes hereunder with the same force and effect as if originally named as a Subsidiary Guarantor and Pledgor herein. The execution and delivery of such Joinder Agreement shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Guarantor and Pledgor as a party to this Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Intcomex, Inc.)

Joinder of Additional Pledgors. The Pledgors shall cause each Subsidiary of the Borrower Company which, from time to time, after the date hereof (a) shall be required to pledge any assets to the Administrative Agent Trustee for the benefit of the Secured Parties pursuant to the provisions of the Loan DocumentsIndenture or (b) shall acquire Pledged Collateral from a Pledgor, to execute and deliver to the Administrative Agent Trustee (i) a Joinder Agreement substantially in the form of Exhibit 3 heretohereto within thirty (30) days of the date on which it was acquired or created and (ii) a Perfection Certificate, in each case, within thirty (30) days of the date on which it was acquired or created (or such longer period as the Administrative Agent may agree in its reasonable discretion). Upon created, upon such execution and delivery, such Subsidiary shall constitute a “Subsidiary Guarantor” and a “Pledgor” for all purposes hereunder with the same force and effect as if originally named as a Subsidiary Guarantor and Pledgor herein. The execution and delivery of such Joinder Agreement shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Guarantor and Pledgor as a party to this Agreement.

Appears in 1 contract

Samples: Security Agreement (Intcomex Holdings, LLC)

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