Common use of Pledge Amendments Clause in Contracts

Pledge Amendments. Pledgor shall, upon obtaining any additional membership or other interests of a Pledged Entity, promptly (and in any event within five (5) Business Days) deliver to Lender such documents as Lender reasonably may require to confirm the pledge hereunder of such additional Collateral; provided that the failure of Pledgor to execute any such additional documents with respect to any additional Pledged Ownership Interests pledged pursuant to this Agreement shall not impair the security interest of Lender therein or otherwise adversely affect the rights and remedies of Lender hereunder with respect thereto.

Appears in 1 contract

Samples: Pledge and Security Agreement (GTJ REIT, Inc.)

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Pledge Amendments. Pledgor shall, upon obtaining any additional membership or other interests of a Pledged Entityrequired to be pledged hereunder, promptly (and in any event within five (5) Business Days) deliver to Lender Administrative Agent such documents as Lender Administrative Agent reasonably may require to confirm the pledge hereunder of such additional Collateralcollateral; provided that the failure of Pledgor to execute any such additional documents with respect to any additional Pledged Ownership Interests pledged pursuant to this Agreement shall not impair the security interest of Lender Administrative Agent therein or otherwise adversely affect the rights and remedies of Lender Administrative Agent hereunder with respect thereto.

Appears in 1 contract

Samples: Pledge and Security Agreement (Walker & Dunlop, Inc.)

Pledge Amendments. Pledgor shall, upon obtaining any additional membership ownership interests or other interests of a Pledged Entity, securities required to be pledged hereunder promptly (and in any event within five ten (510) Business Days) deliver to Lender the Administrative Agent such documents as Lender the Administrative Agent reasonably may require to confirm the pledge hereunder of such additional Collateralcollateral; provided that the failure of Pledgor to execute any such additional documents with respect to any additional Pledged Ownership Interests pledged pursuant to this Agreement shall not impair the security interest of Lender the Administrative Agent therein or otherwise adversely affect the rights and remedies of Lender the Administrative Agent hereunder with respect thereto.

Appears in 1 contract

Samples: Pledge and Security Agreement (Nexpoint Multifamily Capital Trust, Inc.)

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Pledge Amendments. Pledgor shall, upon obtaining any additional membership interests or other interests of a Pledged Entity, securities required to be pledged hereunder promptly (and in any event within five (5) Business Days) deliver to Lender the Administrative Agent such documents as Lender the Administrative Agent reasonably may require to confirm the pledge hereunder of such additional Collateralcollateral; provided that the failure of Pledgor to execute any such additional documents with respect to any additional Pledged Ownership Interests pledged pursuant to this Agreement shall not impair the security interest of Lender the Administrative Agent therein or otherwise adversely affect the rights and remedies of Lender the Administrative Agent hereunder with respect thereto.

Appears in 1 contract

Samples: Pledge and Security Agreement (Griffin Capital Net Lease REIT, Inc.)

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