Common use of Obligations of Pledgors Clause in Contracts

Obligations of Pledgors. (a) Each of the Guarantors is entering into this Pledge Agreement in consideration of the financial accommodation to be provided by the Secured Parties under the Credit Agreement and under the Secured Hedging Agreements, for the mutual benefit, directly and indirectly, of each of the Pledgors and in consideration of the joint and several undertakings of each of the Guarantors under the Guaranty provided pursuant to Article X of the Credit Agreement, and each Guarantor is granting the security interests in the Pledged Collateral of such Guarantor pursuant to this Pledge Agreement in support of its obligations under the Guaranty.

Appears in 3 contracts

Samples: Pledge Agreement (Pantry Inc), Pledge Agreement (Pantry Inc), Pledge Agreement (Pantry Inc)

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Obligations of Pledgors. (a) Each of the Guarantors as may enter into this Pledge Agreement from time to time is entering into this Pledge Agreement in consideration of the financial accommodation to be provided by the Secured Parties Lenders under the Credit Agreement and under the Secured Hedging AgreementsAgreement, for the mutual benefit, directly and indirectly, of each of the Pledgors and in consideration of the joint and several undertakings of each of the Guarantors under the Guaranty provided pursuant to Article X of the Credit Agreement, and each Guarantor is granting the security interests in the Pledged Collateral of such Guarantor pursuant to this Pledge Agreement in support of its obligations under the Guaranty.

Appears in 1 contract

Samples: Pledge Agreement (Pantry Inc)

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Obligations of Pledgors. (a) Each of the Guarantors is entering into this Pledge Security Agreement in consideration of the financial accommodation to be provided by the Secured Parties under the Credit Agreement and under the Secured Hedging AgreementsAgreement, for the mutual benefit, directly and indirectly, of each of the Pledgors and in consideration of the joint and several undertakings of each of the Guarantors under the Guaranty provided pursuant to Article X of the Credit Agreement, and each Guarantor is granting the security interests in the Pledged Collateral of such Guarantor pursuant to this Pledge Security Agreement in support of its obligations under the Guaranty.

Appears in 1 contract

Samples: Pledge Agreement (Pantry Inc)

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