Common use of Pledge Amendments Clause in Contracts

Pledge Amendments. Each Pledgor shall, upon obtaining any additional shares of stock or other securities or interests required to be pledged hereunder as provided in Section 6(b), promptly (and in any event on or before five (5) Business Days after obtaining such securities) deliver to Collateral Agent a Pledge and Security Amendment, duly executed by such Pledgor, in substantially the form of Exhibit A attached hereto (a “Pledge and Security Amendment”), in respect of the additional Pledged Shares or Pledged Interests to be pledged pursuant to this Agreement. Each Pledgor shall, upon pledging any additional shares of stock, other securities partnership interests or membership interests, as the case may be, of any additional Subsidiary pursuant to Section 6(b), deliver to the Collateral Agent a Pledge and Security Amendment, duly executed by such Pledgor, in respect of the additional Pledged Shares or Pledged Interests to be pledged pursuant to this Agreement. Each Pledgor hereby authorizes Collateral Agent to attach each Pledge and Security Amendment to this Agreement and agrees that all Pledged Shares listed on any Pledge and Security Amendment delivered to Collateral Agent shall for all purposes hereunder be considered Collateral; provided that the failure of any Pledgor to execute a Pledge and Security Amendment with respect to any additional Pledged Shares pledged pursuant to this Agreement shall not impair the Lien of Collateral Agent therein or otherwise adversely affect the rights and remedies of Collateral Agent hereunder with respect thereto.

Appears in 2 contracts

Samples: Pledge Agreement (Standard Pacific Corp /De/), Pledge Agreement (Standard Pacific Corp /De/)

AutoNDA by SimpleDocs

Pledge Amendments. Each Pledgor shallGrantor agrees that it will, upon obtaining any additional shares of stock Equity Interest or other securities or interests required to be pledged hereunder as provided in Section 6(b)Debt, promptly (and in any event on or before within five (5) Business Days after obtaining such securitiesDays) deliver to Collateral the Agent a Pledge and Security Amendment, duly executed by such PledgorGrantor, in substantially the form of Exhibit A EXHIBIT IV attached hereto (a “Pledge and Security Amendment”"PLEDGE AMENDMENT"), in respect of the additional Pledged Shares Interests or Pledged Interests Debt to be pledged pursuant to this Agreement. Each Pledgor shall, upon pledging any additional shares Upon each delivery of stock, other securities partnership interests or membership interests, as the case may be, of any additional Subsidiary pursuant to Section 6(b), deliver a Pledge Amendment to the Collateral Agent a Pledge Agent, the representations and Security Amendment, duly executed warranties contained in clauses SECTIONS 20(A) and 20(B) hereof shall be deemed to have been made by such Pledgor, Grantor as to the Pledged Collateral described in respect such Pledge Amendment as of the additional Pledged Shares or Pledged Interests to be pledged pursuant to this Agreementdate thereof. Each Pledgor Grantor hereby authorizes Collateral the Agent to attach each Pledge and Security Amendment to this Agreement and agrees that all Pledged Shares Interests or Pledged Debt of such Grantor listed on any Pledge and Security Amendment delivered to Collateral Agent shall for all purposes hereunder be considered CollateralPledged Collateral of such Grantor; provided that PROVIDED, the failure of any Pledgor Grantor to execute a Pledge and Security Amendment with respect to any additional Pledged Shares Interests or Pledged Debt pledged pursuant to this Agreement shall not impair the Lien security interest of Collateral the Agent therein or otherwise adversely affect the rights and remedies of Collateral the Agent hereunder with respect thereto.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Levi Strauss & Co), Pledge and Security Agreement (Levi Strauss & Co)

AutoNDA by SimpleDocs

Pledge Amendments. Each Pledgor shallGrantor agrees that it will, upon obtaining any additional shares of stock Equity Interest or other securities or interests required to be pledged hereunder as provided in Section 6(b)Debt, promptly (and in any event on or before within five (5) Business Days after obtaining such securitiesDays) deliver to Collateral the Agent a Pledge and Security Amendment, duly executed by such PledgorGrantor, in substantially the form of Exhibit A IV attached hereto (a “Pledge and Security Amendment”), in respect of the additional Pledged Shares Interests or Pledged Interests Debt to be pledged pursuant to this Agreement. Each Pledgor shall, upon pledging any additional shares Upon each delivery of stock, other securities partnership interests or membership interests, as the case may be, of any additional Subsidiary pursuant to Section 6(b), deliver a Pledge Amendment to the Collateral Agent a Pledge Agent, the representations and Security Amendment, duly executed warranties contained in clauses Sections 20(a) and 20(b) hereof shall be deemed to have been made by such Pledgor, Grantor as to the Pledged Collateral described in respect such Pledge Amendment as of the additional Pledged Shares or Pledged Interests to be pledged pursuant to this Agreementdate thereof. Each Pledgor Grantor hereby authorizes Collateral the Agent to attach each Pledge and Security Amendment to this Agreement and agrees that all Pledged Shares Interests or Pledged Debt of such Grantor listed on any Pledge and Security Amendment delivered to Collateral Agent shall for all purposes hereunder be considered CollateralPledged Collateral of such Grantor; provided that provided, the failure of any Pledgor Grantor to execute a Pledge and Security Amendment with respect to any additional Pledged Shares Interests or Pledged Debt pledged pursuant to this Agreement shall not impair the Lien security interest of Collateral the Agent therein or otherwise adversely affect the rights and remedies of Collateral the Agent hereunder with respect thereto.

Appears in 1 contract

Samples: Pledge and Security Agreement (Levi Strauss & Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!