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 become a Loan Party pursuant to Section 5.11 of the Credit Agreement, to execute and deliver to the Collateral Agent (a) a Joinder Agreement substantially in the form of Exhibit 3 hereto and (b) a Perfection Certificate (or supplements in form reasonably satisfactory to the Collateral Agent to the applicable schedules thereto), in each case, within thirty (30) days after such Subsidiary is formed or acquired (or such later date as the Collateral Agent may agree in its reasonable discretion) and, upon such execution and delivery, such Subsidiary shall constitute a “Pledgor” for all purposes hereunder with the same force and effect as if originally named as a Pledgor herein. The execution and delivery of such Joinder Agreement shall not require the consent of any other Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Pledgor as a party to this Agreement.

Appears in 2 contracts

Samples: Security Agreement (Maxlinear Inc), Security Agreement (Maxlinear Inc)

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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 become a Loan Party pursuant to Section 5.11 of the Credit Agreement, to execute and deliver to the Collateral Agent (a) a Joinder Agreement substantially in the form of Exhibit 3 2 hereto and (b) a Perfection Certificate (or supplements in form reasonably satisfactory to the Collateral Agent to the applicable schedules thereto), in each case, within thirty (30) days after such Subsidiary is formed or acquired (or such later date as the Collateral Agent may agree in its reasonable discretion) and, upon such execution and delivery, such Subsidiary shall constitute a “Pledgor” for all purposes hereunder with the same force and effect as if originally named as a Pledgor herein. The execution and delivery of such Joinder Agreement shall not require the consent of any other Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Pledgor as a party to this Agreement.

Appears in 1 contract

Samples: Security Agreement (Tessera Holding Corp)

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 become a Loan Party pledge any assets to the Collateral Agent for the benefit of the Secured Parties pursuant to Section 5.11 of the Credit Agreement, to execute and deliver to the Collateral Agent (ai) a Joinder Agreement substantially in the form of Exhibit 3 hereto and Exxxxxx 0 xxxxxx, (bxx) a Perfection Certificate (or supplements in form reasonably satisfactory to the Collateral Agent to the applicable schedules thereto)Certificate, in each case, within thirty (30) days ten Business Days after such Subsidiary is formed the date on which it was acquired or acquired created (or such later date as may be agreed by the Collateral Agent may agree in its reasonable sole discretion) andand (iii) such other documentation as the Collateral Agent shall reasonably request, and upon such execution and delivery, such Subsidiary shall constitute a “Pledgor” for all purposes hereunder with the same force and effect as if originally named as a Pledgor herein. The execution and delivery of such Joinder Agreement shall not require the consent of any other 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 Pledgor as a party to this AgreementAgreement or any other Loan Document.

Appears in 1 contract

Samples: Security Agreement (Internap Corp)

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Joinder of Additional Pledgors. The Pledgors Borrower shall cause each Subsidiary of the Borrower which, from time to time, after the date hereof shall be required to become a Loan Party pursuant to Section 5.11 of the Credit Agreement, to execute and deliver to the Collateral Agent (a) a Joinder Agreement substantially in the form of Exhibit 3 2 hereto and (b) a Perfection Certificate (or supplements in form reasonably satisfactory to the Collateral Agent to the applicable schedules thereto), in each case, within thirty (30) days after such Subsidiary is formed or acquired (or such later date as the Collateral Agent may agree in its reasonable discretion) and, upon such execution and delivery, such Subsidiary shall constitute a “Pledgor” for all purposes hereunder with the same force and effect as if originally named as a Pledgor herein. The execution and delivery of such Joinder Agreement shall not require the consent of any other Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Pledgor as a party to this Agreement.

Appears in 1 contract

Samples: Security Agreement (Xperi Holding Corp)

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