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 Sections 7(b) and upon determining that any Person in which it holds any shares of stock or other securities or interests is no longer an Unpledgeable Subsidiary, promptly (and in any event on or before thirty (30) days after obtaining such securities) deliver to Secured Party a Pledge Amendment, duly executed by such Pledgor and Issuer, as applicable, in substantially the form of Exhibit A attached hereto (a “Pledge Amendment”), as well as all certificates and instruments representing shares of stock or other equity interests, if any, in accordance with Section 6.12(a)(iii) of the Credit Agreement, in respect of the additional Pledged Shares or Pledged Interests to be pledged pursuant to this Agreement. Each Pledgor hereby authorizes Secured Party to attach each Pledge Amendment to this Agreement and agrees that all Pledged Shares listed on any Pledge Amendment delivered to Secured Party shall for all purposes hereunder be considered Collateral; provided that, the failure of any Pledgor to execute a Pledge Amendment with respect to any additional Pledged Shares pledged pursuant to this Agreement shall not impair the Lien of Secured Party therein or otherwise adversely affect the rights and remedies of Secured Party hereunder with respect thereto.

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 Sections 7(b) and upon determining that any Person in which it holds any shares of stock or other securities or interests is no longer an Unpledgeable Subsidiary(c), promptly (and in any event on or before thirty (30) days after obtaining such securities) deliver to Secured Party a Pledge and Security Amendment, duly executed by such Pledgor and Issuer, as applicable, in substantially the form of Exhibit A attached hereto (a “Pledge and Security Amendment”), as well as all certificates and instruments representing shares of stock or other equity interests, if any, in accordance with Section 6.12(a)(iii2.17(c) of the Credit Agreement, in respect of the additional Pledged Shares or Pledged Interests to be pledged pursuant to this Agreement. Each Pledgor hereby authorizes Secured Party 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 Secured Party 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 Secured Party therein or otherwise adversely affect the rights and remedies of Secured Party hereunder with respect thereto.