NOTIFICATION OF PLEDGE. 12.1 The Pledgor hereby individually and separately undertakes to notify by registered mail (return receipt requested (Einschreiben mit Rückschein) or similar means) the Account Bank and, if necessary, any other relevant third party referred to in paragraph 11.5 above within seven (7) Business Days after the date of this Agreement and within seven (7) Business Days after the opening of any new Account, in each case in substantially the form set out in Schedule 2 Part 1 hereto requesting it to acknowledge receipt of the notification and acceptance of the terms thereof to the relevant Pledgor and the Pledgee substantially in the form set out in Schedule 2 Part 2 hereto. The Pledgor will provide a copy of this notification (including the receipt of posting (Einlieferungsschein)) or similar evidence of posting and any corresponding return receipt received by it promptly to the Security Agent.
12.2 In addition and without prejudice to Clause 12.1, the Pledgor hereby individually and separately instructs the Pledgee to notify by registered mail (return receipt requested) or similar means the Account Bank and, if necessary, any other relevant third party of this Agreement requesting it to acknowledge receipt of the notification and acceptance of the terms thereof to the Pledgee.
NOTIFICATION OF PLEDGE. 8.1 The Pledgor hereby undertakes to notify the relevant Account Banks of the Pledges within 5 Business Days of the date of this Agreement in substantially the form set out in Schedule 2 attached to this Agreement requesting the Account Bank to acknowledge receipt of the notification and acceptance of the terms thereof to the Pledgee.
8.2 If the Pledgor does not comply with its obligations under Clause 8.1, the Pledgee is authorised and is irrevocably empowered by the Pledgor, to act in its name and on its behalf in this respect, to notify the relevant Account banks in accordance with Clause 8.1.
8.3 The Pledgee may, following the occurrence of an Enforcement Event, deliver to the relevant Account Banks, a notice in substantially the form set out in Schedule 3 attached to this Agreement.
NOTIFICATION OF PLEDGE a) The Pledgor undertakes (i) to notify the relevant Account Bank of the Pledges created hereunder substantially in the form set out in Part I (Notification) of Schedule 3 (Notification of Pledge) by registered mail (Einschreiben mit Rückschein) or facsimile promptly and in any event within ten (10) Business Days after the date of this Agreement (or such longer period as the Collateral Agent may agree in writing in its sole discretion) or within ten (10) Business Days after the opening of any new Bank Account (or such longer period as the Collateral Agent may agree in writing in its sole discretion) and (ii) to use, for a period of thirty (30) Business Days, its commercially reasonable efforts that the relevant Account Bank acknowledges receipt of the notification, substantially in the form set out in Part II (Acknowledgement) of Schedule 3 (Notification of Pledge), once such period had elapsed the obligation of the Pledgor to obtain the acknowledgement shall cease. The Pledgor will keep the mail receipt and promptly, but in any case within ten (10) Business Days from receipt of the mail receipt (Rückschein) to the extent sent by registered mail (or such longer period as the Collateral Agent may agree in writing in its sole discretion) and, respectively, the acknowledgment of receipt by the relevant Account Bank, send a copy of such receipts to the Collateral Agent.
b) The Pledgor hereby authorizes the Collateral Agent:
(i) to notify the relevant Account Bank on its behalf of the pledges created hereunder for the purpose of Clause 2.1 (Junior Ranking Pledges of Bank Accounts and Ancillary Rights) (which does not release the Pledgor from its obligations under sub-paragraph a)); and
(ii) to provide the relevant Account Bank, upon its request in case it has reasonable and founded doubts about the Pledges notified to it according to this Clause 4, with a copy of this Agreement if the Pledgor does not comply with its obligation under sub-paragraph (a).
c) If the delivery of any notice of the relevant Account Bank of the Pledges would prevent the Pledgor from using a Bank Account in the course of its business, no notice of pledge shall be served with respect to such Bank Account (and, for the avoidance of doubt, no acknowledgment of such pledge shall be required to be obtained from the applicable account bank) unless and until the occurrence of an Enforcement Event and at least concurrent notice to the Pledgor.
NOTIFICATION OF PLEDGE. Note: This Notification of Pledge may also be sent to the Account Bank(s) in a German translation of this form.
NOTIFICATION OF PLEDGE. On the date hereof, the Pledgor shall notify the Company of the Pledge and procure that the Company acknowledges receipt of such notice in the form set out in Schedule 1 (Form of Notice of Pledge).
NOTIFICATION OF PLEDGE. Pursuant to Section 8-313(1)(h)(iv) of the Uniform Commercial Code as in effect in the State of Delaware (the "Notification Section"), this Agreement shall constitute written notification by the Pledgor to GE Capital, the registered pledgee of the Collateral under Section 8-313(1)(b) of the Uniform Commercial Code as in effect in the State of Delaware (the "Registered Pledgee"), of the security interest granted hereby to the Collateral Agent, for the benefit of the GP Lender. The signature of the Registered Pledgee on the signature page hereof shall constitute acknowledgement, pursuant to the Notification Section, by the Registered Pledgee of the transfer, to the Pledgee, of the security interest purported to be effected by this Agreement.
