{"component": "clause", "props": {"groups": [{"snippet": "To the extent any Pledged Collateral has not been delivered as of the Closing Date, such Grantor shall deliver a pledge amendment duly executed by the Grantor in substantially the form of Annex 1 (each, a \u201cPledge Amendment\u201d). Such Grantor authorizes the Collateral Agent to attach each Pledge Amendment to this Agreement.", "snippet_links": [{"key": "to-the-extent", "type": "clause", "offset": [0, 13]}, {"key": "pledged-collateral", "type": "clause", "offset": [18, 36]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [60, 82]}, {"key": "pledge-amendment", "type": "clause", "offset": [113, 129]}, {"key": "by-the-grantor", "type": "clause", "offset": [144, 158]}, {"key": "annex-1", "type": "clause", "offset": [188, 195]}, {"key": "the-collateral-agent", "type": "definition", "offset": [250, 270]}, {"key": "amendment-to-this-agreement", "type": "clause", "offset": [293, 320]}], "samples": [{"hash": "fo4Q0YUCgA1", "uri": "/contracts/fo4Q0YUCgA1#pledge-amendments", "label": "Security Agreement (Vsee Health, Inc.)", "score": 35.7488021851, "published": true}, {"hash": "25a6j97SoVV", "uri": "/contracts/25a6j97SoVV#pledge-amendments", "label": "Security Agreement (Vsee Health, Inc.)", "score": 35.4887046814, "published": true}, {"hash": "jH1r6978QpF", "uri": "/contracts/jH1r6978QpF#pledge-amendments", "label": "Security Agreement (Digital Health Acquisition Corp.)", "score": 33.8405189514, "published": true}], "size": 125, "hash": "d6c043d15126892e3ff2a70b74e1b360", "id": 1}, {"snippet": "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.", "snippet_links": [{"key": "equity-interest", "type": "definition", "offset": [64, 79]}, {"key": "business-days", "type": "definition", "offset": [128, 141]}, {"key": "deliver-to", "type": "definition", "offset": [143, 153]}, {"key": "the-agent", "type": "clause", "offset": [154, 163]}, {"key": "pledge-amendment", "type": "clause", "offset": [166, 182]}, {"key": "executed-by", "type": "definition", "offset": [189, 200]}, {"key": "form-of", "type": "definition", "offset": [236, 243]}, {"key": "exhibit-iv", "type": "definition", "offset": [244, 254]}, {"key": "in-respect-of", "type": "definition", "offset": [295, 308]}, {"key": "additional-pledged-interests", "type": "definition", "offset": [313, 341]}, {"key": "debt-to", "type": "clause", "offset": [353, 360]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [372, 398]}, {"key": "delivery-of-a", "type": "clause", "offset": [410, 423]}, {"key": "amendment-to-the", "type": "clause", "offset": [431, 447]}, {"key": "the-representations-and-warranties", "type": "clause", "offset": [455, 489]}, {"key": "in-clauses", "type": "clause", "offset": [500, 510]}, {"key": "as-to-the-pledged-collateral", "type": "clause", "offset": [593, 621]}, {"key": "amendment-to-this-agreement", "type": "clause", "offset": [744, 771]}, {"key": "debt-of", "type": "clause", "offset": [821, 828]}, {"key": "all-purposes", "type": "clause", "offset": [883, 895]}, {"key": "with-respect-to", "type": "clause", "offset": [1023, 1038]}, {"key": "the-security-interest", "type": "clause", "offset": [1140, 1161]}, {"key": "adversely-affect", "type": "definition", "offset": [1196, 1212]}, {"key": "remedies-of-the", "type": "clause", "offset": [1228, 1243]}, {"key": "agent-hereunder", "type": "clause", "offset": [1244, 1259]}], "samples": [{"hash": "97sPIo5oTNh", "uri": "/contracts/97sPIo5oTNh#pledge-amendments", "label": "Second Lien Pledge and Security Agreement (Levi Strauss & Co)", "score": 18.0, "published": true}, {"hash": "5ZPFXYo2faB", "uri": "/contracts/5ZPFXYo2faB#pledge-amendments", "label": "Pledge and Security Agreement (Levi Strauss & Co)", "score": 18.0, "published": true}], "size": 8, "hash": "d81369e45f05b3ccc434b2a2bb9c3e84", "id": 2}, {"snippet": "Pledgor shall, upon obtaining any additional shares of stock or other securities required to be pledged hereunder as provided in Section 5(b), promptly (and in any event within five (5) Business Days) deliver to Secured Party a Pledge and Security Amendment, duly executed by Pledgor, in substantially the form of Exhibit A attached hereto (a \u201cPledge and Security Amendment\u201d), in respect of the additional Pledged Shares to be pledged pursuant to this Agreement. 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 Pledgor to execute a Pledge and Security Amendment with respect to any additional Pledged Shares pledged pursuant to this Agreement shall not impair the security interest of Secured Party therein or otherwise adversely affect the rights and remedies of Secured Party hereunder with respect thereto.", "snippet_links": [{"key": "additional-shares-of-stock", "type": "clause", "offset": [34, 60]}, {"key": "other-securities", "type": "definition", "offset": [64, 80]}, {"key": "business-days", "type": "definition", "offset": [186, 199]}, {"key": "party-a", "type": "definition", "offset": [220, 227]}, {"key": "pledge-and-security", "type": "clause", "offset": [228, 247]}, {"key": "executed-by", "type": "definition", "offset": [264, 275]}, {"key": "form-of", "type": "definition", "offset": [306, 313]}, {"key": "exhibit-a", "type": "clause", "offset": [314, 323]}, {"key": "in-respect-of", "type": "definition", "offset": [377, 390]}, {"key": "additional-pledged-shares", "type": "clause", "offset": [395, 420]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [435, 461]}, {"key": "amendment-to-this-agreement", "type": "clause", "offset": [538, 565]}, {"key": "shares-listed", "type": "clause", "offset": [594, 607]}, {"key": "all-purposes", "type": "clause", "offset": [682, 694]}, {"key": "provided-that", "type": "definition", "offset": [731, 744]}, {"key": "with-respect-to", "type": "clause", "offset": [811, 826]}, {"key": "the-security-interest", "type": "clause", "offset": [909, 930]}, {"key": "adversely-affect", "type": "definition", "offset": [969, 985]}, {"key": "rights-and-remedies-of-secured-party", "type": "clause", "offset": [990, 1026]}], "samples": [{"hash": "cvRneaoHFNV", "uri": "/contracts/cvRneaoHFNV#pledge-amendments", "label": "Credit Agreement (Trammell Crow Co)", "score": 21.0, "published": true}], "size": 7, "hash": "292510ca527e64dc55ecb1944a451d8e", "id": 3}, {"snippet": "To the extent any Pledged Debt Instrument has not been delivered as of the date hereof, such Grantor shall deliver a pledge amendment duly executed by the Grantor in substantially the form of Exhibit I (each, a \u201cPledge Amendment\u201d). Such Grantor authorizes the Collateral Agent to attach each Pledge Amendment to this Agreement.", "snippet_links": [{"key": "to-the-extent", "type": "clause", "offset": [0, 13]}, {"key": "pledged-debt-instrument", "type": "definition", "offset": [18, 41]}, {"key": "date-hereof", "type": "clause", "offset": [75, 86]}, {"key": "pledge-amendment", "type": "clause", "offset": [117, 133]}, {"key": "by-the-grantor", "type": "clause", "offset": [148, 162]}, {"key": "form-of", "type": "definition", "offset": [184, 191]}, {"key": "exhibit-i", "type": "definition", "offset": [192, 201]}, {"key": "the-collateral-agent", "type": "definition", "offset": [256, 276]}, {"key": "amendment-to-this-agreement", "type": "clause", "offset": [299, 326]}], "samples": [{"hash": "hZVnNnudxzv", "uri": "/contracts/hZVnNnudxzv#pledge-amendments", "label": "Security Agreement (Olympic-Cascade Publishing, Inc.)", "score": 24.4688568115, "published": true}, {"hash": "cmvD1giOUrO", "uri": "/contracts/cmvD1giOUrO#pledge-amendments", "label": "Security Agreement (Newsprint Ventures, Inc.)", "score": 21.421628952, "published": true}], "size": 3, "hash": "8ac1249bdf14bf9313d618bab8e2cb3a", "id": 4}, {"snippet": "If any Pledged Collateral is acquired by a Grantor after the Effective Date, such Grantor shall deliver a pledge amendment duly executed by the Grantor in substantially the form of Annex 1 (each, a \u201cPledge Amendment\u201d). Such Grantor authorizes Administrative Agent to attach each Pledge Amendment to this Agreement.", "snippet_links": [{"key": "pledged-collateral", "type": "clause", "offset": [7, 25]}, {"key": "after-the-effective-date", "type": "clause", "offset": [51, 75]}, {"key": "pledge-amendment", "type": "clause", "offset": [106, 122]}, {"key": "by-the-grantor", "type": "clause", "offset": [137, 151]}, {"key": "annex-1", "type": "clause", "offset": [181, 188]}, {"key": "administrative-agent", "type": "definition", "offset": [243, 263]}, {"key": "amendment-to-this-agreement", "type": "clause", "offset": [286, 313]}], "samples": [{"hash": "29wQOIgJ2zh", "uri": "/contracts/29wQOIgJ2zh#pledge-amendments", "label": "Security Agreement (Unisys Corp)", "score": 31.8254623413, "published": true}, {"hash": "lG7QRWlbQru", "uri": "/contracts/lG7QRWlbQru#pledge-amendments", "label": "Security Agreement (Unisys Corp)", "score": 28.761806488, "published": true}], "size": 3, "hash": "68a9d552bc3da84e36df2a829e2b05e7", "id": 5}, {"snippet": "Pledgor shall, upon obtaining any additional membership interests or other securities required to be pledged hereunder promptly (and in any event within five (5) Business Days) deliver to the Administrative Agent such documents as the Administrative Agent 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 the Administrative Agent therein or otherwise adversely affect the rights and remedies of the Administrative Agent hereunder with respect thereto.", "snippet_links": [{"key": "additional-membership-interests", "type": "definition", "offset": [34, 65]}, {"key": "other-securities", "type": "definition", "offset": [69, 85]}, {"key": "business-days", "type": "definition", "offset": [162, 175]}, {"key": "deliver-to", "type": "definition", "offset": [177, 187]}, {"key": "the-pledge", "type": "definition", "offset": [290, 300]}, {"key": "additional-collateral", "type": "definition", "offset": [319, 340]}, {"key": "provided-that", "type": "definition", "offset": [342, 355]}, {"key": "additional-documents", "type": "clause", "offset": [399, 419]}, {"key": "with-respect-to", "type": "clause", "offset": [420, 435]}, {"key": "pledged-ownership-interests", "type": "definition", "offset": [451, 478]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [487, 513]}, {"key": "the-security-interest", "type": "clause", "offset": [531, 552]}, {"key": "adversely-affect", "type": "definition", "offset": [602, 618]}, {"key": "agent-hereunder", "type": "clause", "offset": [665, 680]}], "samples": [{"hash": "OBtFmrPSWP", "uri": "/contracts/OBtFmrPSWP#pledge-amendments", "label": "Pledge and Security Agreement (Griffin Capital Net Lease REIT, Inc.)", "score": 23.0862426758, "published": true}], "size": 3, "hash": "7bb163c5db1621a9da80dcd6c3f85c96", "id": 6}, {"snippet": "To the extent any Pledged Collateral has not been delivered as of the Closing Date, such Grantor shall deliver a pledge amendment duly executed by the Grantor in substantially the form of Annex 1 (each, a \u201cPledge Amendment\u201d). Such Grantor authorizes the Collateral Agent to attach each Pledge Amendment to this Agreement. Notwithstanding the foregoing, it is understood and agreed that the security interest of the Collateral Agent shall attach to all Pledged Collateral immediately upon any Grantor\u2019s acquisition of rights therein and shall not be affected by the failure of any Grantor to deliver a Pledge Amendment as required hereby.", "snippet_links": [{"key": "to-the-extent", "type": "clause", "offset": [0, 13]}, {"key": "pledged-collateral", "type": "clause", "offset": [18, 36]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [60, 82]}, {"key": "pledge-amendment", "type": "clause", "offset": [113, 129]}, {"key": "by-the-grantor", "type": "clause", "offset": [144, 158]}, {"key": "annex-1", "type": "clause", "offset": [188, 195]}, {"key": "the-collateral-agent", "type": "definition", "offset": [250, 270]}, {"key": "amendment-to-this-agreement", "type": "clause", "offset": [293, 320]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [322, 351]}, {"key": "it-is-understood-and-agreed-that", "type": "definition", "offset": [353, 385]}, {"key": "the-security-interest", "type": "clause", "offset": [386, 407]}, {"key": "agent-shall", "type": "definition", "offset": [426, 437]}, {"key": "immediately-upon", "type": "clause", "offset": [471, 487]}, {"key": "acquisition-of-rights", "type": "clause", "offset": [502, 523]}, {"key": "affected-by", "type": "definition", "offset": [549, 560]}, {"key": "as-required", "type": "clause", "offset": [618, 629]}], "samples": [{"hash": "lfhqPViigz5", "uri": "/contracts/lfhqPViigz5#pledge-amendments", "label": "Credit and Guaranty Agreement (Cit Group Inc)", "score": 21.0, "published": true}, {"hash": "6D5KAmaSWoi", "uri": "/contracts/6D5KAmaSWoi#pledge-amendments", "label": "Amendment Agreement (Cit Group Inc)", "score": 21.0, "published": true}], "size": 2, "hash": "6bbb47fe2db036f7fb61163ec9bec575", "id": 7}, {"snippet": "To the extent any Pledged Stock has not been delivered as of the Closing Date, such Grantor shall deliver a pledge amendment duly executed by the Grantor in substantially the form of Annex 1 attached hereto (each, a \u201cPledge Amendment\u201d) promptly (but no later than the date occurring thirty (30) days or such longer period as Lender may agree in is sole discretion) after such Pledged Stock is acquired. Such Grantor authorizes Lender to attach each Pledge Amendment to this Agreement.", "snippet_links": [{"key": "to-the-extent", "type": "clause", "offset": [0, 13]}, {"key": "pledged-stock", "type": "definition", "offset": [18, 31]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [55, 77]}, {"key": "pledge-amendment", "type": "clause", "offset": [108, 124]}, {"key": "by-the-grantor", "type": "clause", "offset": [139, 153]}, {"key": "annex-1", "type": "clause", "offset": [183, 190]}, {"key": "lender-may", "type": "definition", "offset": [325, 335]}, {"key": "sole-discretion", "type": "clause", "offset": [348, 363]}, {"key": "amendment-to-this-agreement", "type": "clause", "offset": [456, 483]}], "samples": [{"hash": "evnFSg7vQE7", "uri": "/contracts/evnFSg7vQE7#pledge-amendments", "label": "Loan Agreement", "score": 31.3408622742, "published": true}, {"hash": "3qyRCiDL3oB", "uri": "/contracts/3qyRCiDL3oB#pledge-amendments", "label": "Loan Agreement (Amicus Therapeutics Inc)", "score": 29.7310066223, "published": true}], "size": 2, "hash": "05a20050b03ceacd694d98483e98effb", "id": 8}, {"snippet": "Agents shall have received (i) amendments to the Guaranty and Security Agreement evidencing the pledge by BRSO of its owned-Stock and Stock Equivalents (as of the Fourth Amendment Effective Date) in BRSO 67th and BRCR, each in the form of Annex 1 to the Guaranty and Security Agreement, and in substance reasonably satisfactory to the Agents and the Lenders and (ii) to the extent applicable, original certificates of such Stock and Stock Equivalents referred to in clause (i), together with irrevocable proxies and stock powers and/or assignments, as applicable, duly executed in blank.", "snippet_links": [{"key": "guaranty-and-security-agreement", "type": "clause", "offset": [49, 80]}, {"key": "the-pledge", "type": "definition", "offset": [92, 102]}, {"key": "stock-equivalents", "type": "definition", "offset": [134, 151]}, {"key": "fourth-amendment-effective-date", "type": "clause", "offset": [163, 194]}, {"key": "annex-1", "type": "clause", "offset": [239, 246]}, {"key": "the-agents-and-the-lenders", "type": "clause", "offset": [331, 357]}, {"key": "to-the-extent", "type": "clause", "offset": [367, 380]}, {"key": "original-certificates", "type": "definition", "offset": [393, 414]}, {"key": "in-clause", "type": "clause", "offset": [463, 472]}, {"key": "irrevocable-proxies", "type": "definition", "offset": [492, 511]}, {"key": "stock-powers", "type": "clause", "offset": [516, 528]}, {"key": "duly-executed", "type": "clause", "offset": [564, 577]}], "samples": [{"hash": "h7Ua71AnDKK", "uri": "/contracts/h7Ua71AnDKK#pledge-amendments", "label": "Credit Agreement (Black Rock Coffee Bar, Inc.)", "score": 36.6687202454, "published": true}, {"hash": "5uP7e2nrzLL", "uri": "/contracts/5uP7e2nrzLL#pledge-amendments", "label": "Credit Agreement (Black Rock Coffee Bar, Inc.)", "score": 36.6687202454, "published": true}], "size": 2, "hash": "a0ba989596bfa8b3b9f8a4357127a3da", "id": 9}, {"snippet": "To the extent any Pledged Collateral has not been delivered as of the Closing Date or upon obtaining additional Stock or Indebtedness required to be pledged to Agent pursuant to this Agreement, such Grantor shall deliver a pledge amendment duly executed by the Grantor in substantially the form of Annex 1 (each, a \u201cPledge Amendment\u201d), in respect of any such Stock or Indebtedness pursuant to which such Grantor shall pledge to Agent, for the benefit of Agent and Lenders, all of such additional Stock or Indebtedness. Such Grantor authorizes Agent to attach each Pledge Amendment to this Agreement.", "snippet_links": [{"key": "to-the-extent", "type": "clause", "offset": [0, 13]}, {"key": "pledged-collateral", "type": "clause", "offset": [18, 36]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [60, 82]}, {"key": "additional-stock", "type": "definition", "offset": [101, 117]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [166, 192]}, {"key": "pledge-amendment", "type": "clause", "offset": [223, 239]}, {"key": "by-the-grantor", "type": "clause", "offset": [254, 268]}, {"key": "annex-1", "type": "clause", "offset": [298, 305]}, {"key": "in-respect-of", "type": "definition", "offset": [336, 349]}, {"key": "benefit-of-agent-and-lenders", "type": "clause", "offset": [443, 471]}, {"key": "amendment-to-this-agreement", "type": "clause", "offset": [571, 598]}], "samples": [{"hash": "26pUlTNPdVX", "uri": "/contracts/26pUlTNPdVX#pledge-amendments", "label": "Guaranty and Security Agreement (Diplomat Pharmacy, Inc.)", "score": 26.2594108582, "published": true}, {"hash": "lo28RkSgblB", "uri": "/contracts/lo28RkSgblB#pledge-amendments", "label": "Guaranty and Security Agreement (Diplomat Pharmacy, Inc.)", "score": 25.5010261536, "published": true}], "size": 2, "hash": "046d7a7e56b6f7b92ee26d57f094dd6d", "id": 10}], "next_curs": "CloSVGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjYLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhpwbGVkZ2UtYW1lbmRtZW50cyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"parents": [["additional-grantors-additional-pledged-collateral", "Additional Grantors Additional Pledged Collateral"], ["miscellaneous", "Miscellaneous"], ["additional-grantors-and-guarantors-additional-pledged-collateral", "Additional Grantors and Guarantors Additional Pledged Collateral"], ["directions-notices-or-instructions", "Directions, Notices or Instructions"], ["deficiency", "Deficiency"]], "children": [["defined-terms", "Defined Terms"], ["grant-of-security-interest-in-copyright-trademark-patent-collateral", "Grant of Security Interest in [Copyright] [Trademark] [Patent] Collateral"], ["governing-law", "Governing Law"], ["guaranty-and-security-agreement", "Guaranty and Security Agreement"], ["grantor-remains-liable", "Grantor Remains Liable"]], "title": "Pledge Amendments", "size": 173, "id": "pledge-amendments", "related": [["amendments-supplements-and-waivers", "Amendments, Supplements and Waivers", "Amendments, Supplements and Waivers"], ["waivers-amendments", "Waivers; Amendments", "Waivers; Amendments"], ["waivers-amendments-etc", "Waivers, Amendments, etc", "Waivers, Amendments, etc"], ["amendments-waivers", "Amendments; Waivers", "Amendments; Waivers"], ["amendments-to-existing-credit-agreement", "Amendments to Existing Credit Agreement", "Amendments to Existing Credit Agreement"]], "related_snippets": [], "updated": "2026-03-11T06:07:41+00:00", "also_ask": ["What are the essential elements to include in a Pledge Amendments clause to ensure enforceability?", "How can parties strategically limit or expand amendment rights to protect their interests?", "What are the most common risks or loopholes in Pledge Amendments clauses that could undermine security?", "How do Pledge Amendments provisions differ across key jurisdictions or under different governing laws?", "What standards do courts apply when assessing the validity of amendments to pledge agreements?"], "drafting_tip": "Specify amendment procedures, require written consent, and identify authorized parties to prevent unauthorized changes and ensure clarity of obligations.", "explanation": "The Pledge Amendments clause defines the process and conditions under which changes can be made to the terms of a pledge agreement. Typically, this clause outlines who must consent to amendments\u2014such as the pledgor, pledgee, or other relevant parties\u2014and may specify the form that amendments must take, such as requiring written agreement. Its core function is to ensure that any modifications to the original pledge are made transparently and with the agreement of all necessary parties, thereby preventing unauthorized or unilateral changes and maintaining the integrity of the agreement."}, "json": true, "cursor": ""}}