Common use of Pledge of Additional Securities Collateral Clause in Contracts

Pledge of Additional Securities Collateral. Each Grantor shall, upon obtaining any Pledged Interests or Intercompany Notes of any Person required to be pledged hereunder, accept the same in trust for the benefit of the Agent and forthwith (and in any event within 30 days of its acquisition or such longer period as the Agent may reasonably agree) deliver to the Agent a pledge amendment, duly executed by such Grantor, in substantially the form of Exhibit 1 annexed hereto (each, a “Pledge Amendment”), and the certificates and other documents required under SECTION 3.1 and SECTION 3.2 hereof in respect of the additional Pledged Interests or Intercompany Notes which are to be pledged pursuant to this Security Agreement, and confirming the attachment of the Lien hereby created on and in respect of such additional Pledged Interests or Intercompany Notes. Each Grantor hereby authorizes the Agent to attach each Pledge Amendment to this Security Agreement and agrees that all Pledged Interests or Intercompany Notes listed on any Pledge Amendment delivered to the Agent shall for all purposes hereunder be considered Collateral.

Pledge of Additional Securities Collateral. Each Grantor shall, upon obtaining any Pledged Interests Securities or Intercompany Notes in a principal amount in excess of $3,000,000 of any Person required to be pledged hereunder, accept the same in trust for the benefit of the Collateral Agent and forthwith promptly (and in any event within 30 days of its acquisition or such longer period as the Agent may reasonably agreefifteen (15) days) deliver to the Collateral Agent a pledge amendment, duly executed by such Grantor, in substantially the form of Exhibit 1 annexed hereto (each, a “Pledge Amendment”), and the certificates and other documents required under SECTION 3.1 and SECTION 3.2 hereof in respect of the additional Pledged Interests Securities or Intercompany Notes which are to be pledged pursuant to this Security Agreement, and confirming the attachment of the Lien hereby created on and in respect of such additional Pledged Interests Securities or Intercompany Notes. Each Grantor hereby authorizes the Collateral Agent to attach each Pledge Amendment to this Security Agreement and agrees that all Pledged Interests Securities or Intercompany Notes listed on any Pledge Amendment delivered to the Collateral Agent shall for all purposes hereunder be considered Collateral.

Pledge of Additional Securities Collateral. Each Grantor shall, upon obtaining any Pledged Interests Securities or Intercompany Notes of any Person required to be pledged hereunderperson, accept the same in trust for the benefit of the Administrative Agent and forthwith promptly (and but in any event within 30 five days of its acquisition after receipt thereof or such longer period as the Administrative Agent may reasonably agreeagree in its sole discretion) deliver to the Administrative Agent a pledge amendment, duly executed by such Form of Security Agreement Grantor, in substantially the form of Exhibit 1 annexed 2 hereto (each, a “Pledge Amendment”), and the certificates and other documents required under SECTION Section 3.1 and SECTION Section 3.2 hereof in respect of the additional Pledged Interests Securities or Intercompany Notes which are to be pledged pursuant to this Security Agreement, and confirming the attachment of the Lien hereby created on and in respect of such additional Pledged Interests Securities or Intercompany Notes. Each Grantor hereby authorizes the Administrative Agent to attach each Pledge Amendment to this Security Agreement and agrees that all Pledged Interests Securities or Intercompany Notes listed on any Pledge Amendment delivered to the Administrative Agent shall for all purposes hereunder be considered Collateral.

Pledge of Additional Securities Collateral. Each Grantor Pledgor shall, upon obtaining any Pledged Interests Securities or Intercompany Notes of any Person required to be pledged hereunderPerson, accept the same in trust for the benefit of the Collateral Agent and forthwith (promptly, and in any event within 30 days of its acquisition ten Business Days thereafter (or such longer period later date as may be agreed to in writing by the Collateral Agent may reasonably agree) in its sole discretion), deliver to the Collateral Agent a pledge amendment, duly executed by such GrantorPledgor, in substantially the form of Exhibit 1 annexed 2 hereto (each, a “Pledge Amendment”), and the certificates and other documents required under SECTION Section 3.1 and SECTION Section 3.2 hereof in respect of the such additional Pledged Interests Securities or Intercompany Notes which that are to be pledged pursuant to this Security Agreement, and confirming the attachment grant of the Lien created hereby created on and in respect of such additional Pledged Interests Securities or Intercompany Notes. Each Grantor Pledgor hereby authorizes the Collateral Agent to attach each Pledge Amendment to this Security Agreement and agrees that all Pledged Interests Securities or Intercompany Notes listed on any Pledge Amendment delivered to the Collateral Agent shall for all purposes hereunder be considered Collateral.