Joinder to the Pledge Agreement Sample Clauses
Joinder to the Pledge Agreement. (i) In order to secure the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations in accordance with the terms of the Loan Agreement and the other Loan Documents, the Borrower hereby (A) confirms and reaffirms the Security Interests in and to all of the Collateral of the Borrower granted to the Agent, for the ratable benefit of itself and the other Secured Parties, under the Pledge Agreement and (B) confirms and reaffirms that the Collateral of the Borrower includes one hundred percent (100%) of the Pledged Stock owned by the Borrower in the New Subsidiary (the “Additional Investment Property”).
(ii) The Security Interests are granted as security only and shall not subject the Agent or any Secured Party to, or transfer to the Agent or any Secured Party, or in any way affect or modify, any obligation or liability of the Borrower or the New Subsidiary with respect to any of the Additional Investment Property or any transaction in connection therewith.
(iii) Each Obligor (including the New Subsidiary) hereby agrees that by execution of this Agreement, the New Subsidiary is a party to the Pledge Agreement as if a signatory thereof as a Pledgor and an Issuer on the Effective Date, and the New Subsidiary shall (A) comply with, and be subject to, and have the benefit of, all of the terms, covenants, conditions, agreements and obligations set forth in the Pledge Agreement and (B) hereby makes each representation and warranty set forth in the Pledge Agreement. Each Obligor (including the New Subsidiary) hereby agrees that each reference to a “Pledgor”, the “Pledgors”, an “Issuer” or the “Issuers” in the Pledge Agreement and the other Loan Documents shall include the New Subsidiary.
Joinder to the Pledge Agreement. The New Borrower hereby joins the Pledge Agreement for the sole purpose of consenting to being bound by the provisions of ss.ss.4, 6 and 7 thereof and to cooperate fully and in good faith with the Parent and the Lender in carrying out such provisions as if an original signatory.
Joinder to the Pledge Agreement. (a) In accordance with the requirements of the Pledge Agreement, [the][each] Joining Party, by executing and delivering this Joinder, hereby becomes a party to the Pledge Agreement as a “Pledgor” thereunder and shall be bound by the terms and provisions of the Pledge Agreement, including but not limited to the pledge in Section 2 thereof, in the same manner as if [the][such] Joining Party was an original signatory to the Pledge Agreement and, that at all times from and after the date hereof, [the][each] Joining Party shall be subject to all of the obligations, and be entitled to the rights and benefits, of a Pledgor as set forth in the Pledge Agreement.
(b) In connection with Section 5(a), (x) Schedule A-2 attached hereto shall constitute Schedule A to the Pledge Agreement and (y) Schedule B attached hereto shall constitute Schedule B to the Pledge Agreement.