Common use of Pledge and Security Agreement Clause in Contracts

Pledge and Security Agreement. On the Initial Borrowing Date, the Borrower and each of the Subsidiary Guarantors shall have (x) duly authorized, executed and delivered a Pledge and Security Agreement substantially in the form of Exhibit F (as modified, supplemented or amended from time to time, the "Pledge Agreement") and shall have (A) delivered to the Collateral Agent, as pledgee, all the Pledged Securities (as defined in the Pledge Agreement), together with executed and undated stock powers in the case of capital stock constituting Pledged Securities, and (B) otherwise complied with all of the requirements set forth in the Pledge Agreement and (y) duly authorized, executed and delivered any other related documentation necessary or advisable to perfect the Lien on the Pledge Agreement Collateral referred to therein in the respective jurisdictions of formation of the respective Subsidiary Guarantor or the Borrower, as the case may be.

Pledge and Security Agreement. On the Initial Borrowing Date, each of the Borrower and each of the Subsidiary Guarantors shall have (x) duly authorized, executed and delivered a the Pledge and Security Agreement substantially in the form of Exhibit F I (as modified, supplemented or amended from time to time, the "“Pledge Agreement"”) and shall have (A) delivered to the Collateral Agent, as pledgee, all the certificated Pledged Securities (as defined in the Pledge Agreement)referred to therein, together with executed and undated stock powers in the case of capital stock constituting Pledged Securities, and (B) otherwise complied with all of the requirements set forth in the Pledge Agreement and (y) duly authorized, executed and delivered any other related documentation necessary or advisable to perfect the Lien on the Pledge Agreement Collateral referred to therein in the respective jurisdictions of formation of the respective Subsidiary Guarantor or the Borrower, as the case may be.

Pledge and Security Agreement. On the Initial Borrowing Date, each of the Borrower and each of the Subsidiary Guarantors shall have (x) duly authorized, executed and delivered a the Pledge and Security Agreement substantially in the form of Exhibit F G (as modified, supplemented or amended from time to time, the "“Pledge Agreement"”) and shall have (A) delivered to the Collateral Agent, as pledgee, all the Pledged Securities (as defined in the Pledge Agreement)referred to therein, together with executed and undated stock powers in the case of capital stock constituting Pledged Securities, and (B) otherwise complied with all of the requirements set forth in the Pledge Agreement and (y) duly authorized, executed and delivered any other related documentation necessary or advisable to perfect the Lien on the Pledge Agreement Collateral referred to therein in the respective jurisdictions of formation of the respective Subsidiary Guarantor or the Borrower, as the case may be.

Pledge and Security Agreement. On the Initial Borrowing Effective Date, the Borrower and each of the Subsidiary Guarantors that owns securities of another Subsidiary Guarantor shall have (x) duly authorized, executed and delivered a the Pledge and Security Agreement substantially in the form of Exhibit F (as modified, supplemented or amended from time to time, the "“Pledge Agreement"”) and shall have (A) delivered to the Collateral Agent, as pledgee, all the Pledged Securities (as defined in the Pledge Agreement)referred to therein, together with executed and undated stock powers in the case of capital stock constituting Pledged Securities, and (B) otherwise complied with all of the requirements set forth in the Pledge Agreement and (y) duly authorized, executed and delivered any other related documentation necessary or advisable to perfect the Lien on the Pledge Agreement Collateral referred to therein in the respective jurisdictions of formation of the respective Subsidiary Guarantor or the Borrower, as the case may be.

Pledge and Security Agreement. On the Initial Borrowing Date, each of the Borrower and each of the Subsidiary Guarantors described in clause (x) of the definition thereof shall have (x) duly authorized, executed and delivered a the Pledge and Security Agreement substantially in the form of Exhibit F (as modified, supplemented or amended from time to time, the "“Pledge Agreement"”) and shall have (A) delivered to the Collateral Agent, as pledgee, all the Pledged Securities (as defined in the Pledge Agreement)referred to therein, together with executed and undated stock powers in the case of capital stock constituting Pledged Securities, and (B) otherwise complied with all of the requirements set forth in the Pledge Agreement and (y) duly authorized, executed and delivered any other related documentation necessary or advisable to perfect the Lien on the Pledge Agreement Collateral referred to therein in the respective jurisdictions of formation of the respective Subsidiary Guarantor or the Borrower, as the case may be.

Pledge and Security Agreement. On the Initial Borrowing Date, the The Borrower and each of the Initial Subsidiary Guarantors Guarantor shall have (x) duly authorized, executed and delivered a Pledge and Security Agreement substantially in the form of Exhibit F (as modified, supplemented or amended from time to time, the "“Pledge Agreement"”) and shall have (A) delivered to the Collateral AgentSecurity Trustee, as pledgee, all the Pledged Securities (as defined in the Pledge Agreement)Securities, together with executed and undated stock powers in the case of capital stock constituting Pledged Securities, and (B) otherwise complied with all of the requirements set forth in the Pledge Agreement and (y) duly authorized, executed and delivered any other related documentation necessary or advisable to perfect the Lien on the Pledge Agreement Collateral referred to therein in the respective jurisdictions of formation of the respective Initial Subsidiary Guarantor or the Borrower, as the case may be.

Pledge and Security Agreement. On the Initial Borrowing Date, the Borrower and each of the Subsidiary Guarantors Guarantor that owns the Vessel to which such Loan relates shall have (x) duly authorized, executed and delivered a Pledge and Security Agreement substantially in the form of Exhibit F (as modified, supplemented or amended from time to time, the "“Pledge Agreement"”) and shall have (A) delivered to the Collateral Agent, as pledgee, all the Pledged Securities (as defined in the Pledge Agreement)Securities, together with executed and undated stock powers in the case of capital stock constituting Pledged Securities, and (B) otherwise complied with all of the requirements set forth in the Pledge Agreement and (y) duly authorized, executed and delivered any other related documentation necessary or advisable to perfect the Lien on the Pledge Agreement Collateral referred to therein in the respective jurisdictions of formation of the respective Subsidiary Guarantor or the Borrower, as the case may be.

Pledge and Security Agreement. On the Initial Borrowing Date, the Borrower and each of the Subsidiary Guarantors that is a party to a Purchase Contract shall have (x) duly authorized, executed and delivered a Pledge and Security Agreement substantially in the form of Exhibit F (as modified, supplemented or amended from time to time, the "“Pledge Agreement"”) and shall have (A) delivered to the Collateral Agent, as pledgee, all the Pledged Securities (as defined in the Pledge Agreement), together with executed and undated stock powers in the case of capital stock constituting Pledged Securities, and (B) otherwise complied with all of the requirements set forth in the Pledge Agreement and (y) duly authorized, executed and delivered any other related documentation necessary or advisable to perfect the Lien on the Pledge Agreement Collateral referred to therein in the respective jurisdictions of formation of the respective Subsidiary Guarantor or the Borrower, as the case may be.