Common use of Joinder of Additional Pledgors Clause in Contracts

Joinder of Additional Pledgors. The Pledgors shall cause each Subsidiary of the Company which, from time to time, after the date hereof shall be required to pledge any Capital Interests in Restricted Subsidiaries to the Trustee for the benefit of the Secured Parties pursuant to the provisions of the Indenture, to execute and deliver to the Trustee (i) a Joinder Agreement substantially in the form of Exhibit 3 hereto 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, 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 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: Pledge Agreement (Intcomex, Inc.)

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Joinder of Additional Pledgors. The Pledgors shall cause each Subsidiary of the Company a Pledgor which, from time to time, after the date hereof shall be required to pledge any Capital Interests in Restricted Subsidiaries assets to the Trustee Administrative Agent for the benefit of the Secured Parties pursuant to the provisions of Section 6.13 of the IndentureCredit Agreement, to execute and deliver to the Trustee Administrative Agent (i) a Joinder Agreement substantially in the form of Exhibit 3 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 thirty five (305) days Business Days of the date on which it was acquired or created. With respect to the foregoing in this Section 3.5, 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 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: Pledge and Security Agreement (Smith & Wesson Holding Corp)

Joinder of Additional Pledgors. The Pledgors shall cause each Subsidiary of the Company which, from time to time, after the date hereof shall be required to pledge any Capital Interests in Restricted Subsidiaries to the Trustee for the benefit of the Secured Parties pursuant to the provisions of the Indenture, to execute and deliver to the Trustee (i) a Joinder Agreement substantially in the form of Exhibit 3 hereto 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, 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 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: Pledge Agreement (Intcomex Holdings, LLC)

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Joinder of Additional Pledgors. The Pledgors shall cause each Subsidiary of the Company which, from time to time, after the date hereof (a) shall be required to pledge any Capital Interests in Restricted Subsidiaries assets to the Trustee for the benefit of the Secured Parties pursuant to the provisions of the IndentureIndenture or (b) shall acquire Pledged Collateral from a Pledgor, to execute and deliver to the Trustee (i) a Joinder Agreement substantially in the form of Exhibit 3 hereto 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, 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 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 (Intcomex Holdings, LLC)

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