Common use of Pledge Amendments Clause in Contracts

Pledge Amendments. Each Grantor agrees that it will, upon obtaining any additional Equity Interest or Debt, promptly (and in any event within five Business Days) deliver to the Agent a Pledge Amendment, duly executed by such Grantor, in substantially the form of EXHIBIT IV attached hereto (a "PLEDGE AMENDMENT"), in respect of the additional Pledged Interests or Pledged Debt to be pledged pursuant to this Agreement. Upon each delivery of a Pledge Amendment to the Agent, the representations and warranties contained in clauses SECTIONS 20(A) and 20(B) hereof shall be deemed to have been made by such Grantor as to the Pledged Collateral described in such Pledge Amendment as of the date thereof. Each Grantor hereby authorizes the Agent to attach each Pledge Amendment to this Agreement and agrees that all Pledged Interests or Pledged Debt of such Grantor listed on any Pledge Amendment shall for all purposes hereunder be considered Pledged Collateral of such Grantor; PROVIDED, the failure of any Grantor to execute a Pledge Amendment with respect to any additional Pledged Interests or Pledged Debt pledged pursuant to this Agreement shall not impair the security interest of the Agent therein or otherwise adversely affect the rights and remedies of 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)

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

Appears in 2 contracts

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

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Pledge Amendments. Each Grantor agrees that it will, upon obtaining any additional Equity Interest or Debt, promptly (and in any event within five Business Days) deliver to the Agent a Pledge Amendment, duly executed by such Grantor, in substantially the form of EXHIBIT Exhibit IV attached hereto (a "PLEDGE AMENDMENT"“Pledge Amendment”), in respect of the additional Pledged Interests or Pledged Debt to be pledged pursuant to this Agreement. Upon each delivery of a Pledge Amendment to the Agent, the representations and warranties contained in clauses SECTIONS 20(ASections 20(a) and 20(B20(b) hereof shall be deemed to have been made by such Grantor as to the Pledged Collateral described in such Pledge Amendment as of the date thereof. Each Grantor hereby authorizes the Agent to attach each Pledge Amendment to this Agreement and agrees that all Pledged Interests or Pledged Debt of such Grantor listed on any Pledge Amendment shall for all purposes hereunder be considered Pledged Collateral of such Grantor; PROVIDEDprovided, the failure of any Grantor to execute a Pledge Amendment with respect to any additional Pledged Interests or Pledged Debt pledged pursuant to this Agreement shall not impair the security interest of the Agent therein or otherwise adversely affect the rights and remedies of the Agent hereunder with respect thereto.

Appears in 1 contract

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

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