Common use of Perfection of Pledge Clause in Contracts

Perfection of Pledge. 3.1 The Pledgor will on the date hereof execute a “statement of pledge over a financial instruments account” (déclaration de constitution de xxxx xe compte d’instruments financiers) relating to the Shares it holds in the Company in the form set out in Schedule 1 and shall procure the Company to deliver to the European Collateral Agent on the date hereof a “pledge certificate” (attestation de constitution de xxxx) in the form set out in Schedule 2, in compliance with article L.431-4 of the Code. 3.2 The Pledgor procures that the Shares is credited to the Pledged Account on the date hereof and that the credit of the Shares to the Pledged Account is recorded in the register of share transfers (registre des mouvements de titres) of the Company. 3.3 The Pledgor shall procure that any Additional Assets shall be credited directly to the Pledged Account immediately upon the Pledgor becoming the owner of the Additional Assets and shall procure that the credit of such Additional Assets to the Pledged Account is recorded in the register of share transfers (registre des mouvements de titres) of the Company.

Perfection of Pledge. 3.1 The Pledgor will on the date hereof execute a “"statement of pledge over a financial instruments account” " (déclaration declaration de constitution de xxxx xe gage de compte d’instruments d'instruments financiers) relating to the Shares Xxxxxx it holds in the Company in the form set out in Schedule 1 and shall procure that the Company to deliver to the European Collateral Agent on the date hereof a “"pledge certificate” " (attestation de constitution de xxxxgage) in the form set out in Schedule 2, in compliance with article xxxxxxx L.431-4 of the Code. 3.2 The Pledgor procures that (i) undertakes to credit the Shares is credited to the Pledged Account on the date hereof and hereof, (ii) shall procure that the credit of the Shares to the Pledged Account is recorded in the register of share transfers (registre des mouvements de titres) of the CompanyCompany and (iii) will deliver on the date hereof to the Collateral Agent a certified copy of the register of the share transfers evidencing the transfer of the Shares to the Pledged Account pursuant to this Agreement. 3.3 The Pledgor shall procure that any Additional Assets shall be credited directly to the Pledged Account immediately upon the Pledgor becoming the owner of the Additional Assets and shall procure that the credit of such Additional Assets to the Pledged Account is recorded in the register of share transfers (registre des mouvements de titres) of the Company.