Common use of Pledge of Additional Pledged Equity Clause in Contracts

Pledge of Additional Pledged Equity. Each Pledgor shall, upon obtaining any Pledged Equity of any Person, accept the same for the benefit of the Administrative Agent and deliver to the Administrative Agent, in accordance with the terms of Section 5.10 of the Credit Agreement, a pledge amendment, duly executed by such Pledgor, in substantially the form of Exhibit 1 hereto (each, a “Pledge Amendment”), and the certificates and other documents required under Section 3.1 hereof and Section 3.2 hereof in respect of the additional Pledged Equity which are to be pledged pursuant to this Agreement. Each Pledgor hereby authorizes the Administrative Agent to attach each Pledge Amendment to this Agreement and agrees that all Pledged Equity listed on any Pledge Amendment delivered to the Administrative Agent shall for all purposes hereunder be considered Pledged Collateral.

Pledge of Additional Pledged Equity. Each The Pledgor shall, upon obtaining any Pledged Equity of any PersonEquity, accept the same for the benefit of the Administrative Agent and deliver to the Administrative Agent, in accordance with the terms of Section 5.10 of the Credit Agreement, a pledge amendment, duly executed by such the Pledgor, in substantially the form of Exhibit 1 hereto (each, a “Pledge Amendment”), and the certificates and other documents required under Section 3.1 hereof and Section 3.2 hereof in respect of the additional Pledged Equity which are to be pledged pursuant to this Agreement. Each The Pledgor hereby authorizes the Administrative Agent to attach each Pledge Amendment to this Agreement and agrees that all Pledged Equity listed on any Pledge Amendment delivered to the Administrative Agent shall for all purposes hereunder be considered Pledged Collateral.