Common use of Pledge Agreement Supplement Clause in Contracts

Pledge Agreement Supplement. In connection with the incurrence by the Pledgor from time to time of any class of Additional Secured Debt, the Pledgor agrees to enter into a Pledge Agreement Supplement, which shall form a part of this Agreement, and shall by its terms cause such Additional Debt Obligations to be secured by a security interest in the Collateral on an equal and ratable basis with the Obligations secured hereunder. Upon the effectiveness of any Pledge Agreement Supplement, Schedule I hereto shall be deemed to be amended to include such Additional Secured Debt identified in such Pledge Agreement Supplement.