Common use of Pledge of Additional Securities Collateral Clause in Contracts

Pledge of Additional Securities Collateral. Each Pledgor shall, upon obtaining any Pledged Securities or intercompany notes of any person (other than Excluded Property), accept the same in trust for the benefit of the Collateral Agent and promptly (and in any event within five Business Days thereafter) deliver to the Collateral Agent a Securities Pledge Amendment, duly executed by such Pledgor, and the certificates and other documents required under Section 3.1 and Section 3.2 in respect of the additional Pledged Securities or intercompany notes that are to be pledged pursuant to this Agreement, and confirming the attachment of the Lien hereby created on and in respect of such additional Pledged Securities or intercompany notes. Each Pledgor hereby authorizes the Collateral Agent to attach each Securities Pledge Amendment to this Agreement and agrees that all Pledged Securities or intercompany notes listed on any Securities Pledge Amendment delivered to the Collateral Agent shall for all purposes hereunder be considered Pledged Collateral.

Appears in 2 contracts

Samples: Security Agreement (Biglari Holdings Inc.), Security Agreement (Biglari Holdings Inc.)

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Pledge of Additional Securities Collateral. Each Pledgor shall, upon obtaining any Pledged Securities or intercompany notes of any person (other than Excluded Property)Securities, accept the same in trust for the benefit of the Collateral Agent Trustee and promptly (and but in any event within five Business Days thereafterdays after receipt thereof) deliver to the Collateral Agent Trustee a Securities Pledge Amendmentpledge amendment, duly executed by such Pledgor, in substantially the form of Exhibit 2 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 Securities or intercompany notes that which are to be pledged pursuant to this Agreement, and confirming the attachment of the Lien hereby created on and in respect of such additional Pledged Securities or intercompany notesSecurities. Each Pledgor hereby authorizes the Collateral Agent Trustee to attach each Securities Pledge Amendment to this Agreement and agrees that all Pledged Securities or intercompany notes listed on any Securities Pledge Amendment delivered to the Collateral Agent Trustee shall for all purposes hereunder be considered Pledged Collateral.

Appears in 2 contracts

Samples: Pledge Agreement (Intcomex, Inc.), Pledge Agreement (Intcomex Holdings, LLC)

Pledge of Additional Securities Collateral. Each Pledgor shall, upon obtaining after the Original Closing Date any Pledged Securities that are certificated “securities” for purposes of the UCC or intercompany notes of any person (other than Excluded Property)Intercompany Notes, accept the same in trust for the benefit of the Collateral Administrative Agent and and, subject to Section 3.4(a), promptly (and but in any event within five Business Days thereafterninety (90) days after receipt thereof, or such later date as may be agreed in writing by the Administrative Agent in its sole discretion) deliver to the Collateral Agent a Securities Pledge Amendment, duly executed by such PledgorAdministrative Agent, and the certificates and other documents required under Section 3.1 and Section 3.2 hereof in respect of the additional Pledged Securities or intercompany notes that Intercompany Notes which are to be pledged pursuant to this Agreement, and confirming the attachment of the Lien hereby created on and in respect of such additional Pledged Securities or intercompany notesIntercompany Notes. Each Pledgor hereby authorizes the Collateral Agent to attach each Securities Pledge Amendment to this Agreement and agrees that all Pledged Securities or intercompany notes listed on any Securities Pledge Amendment delivered to the Collateral Agent Intercompany Notes shall for all purposes hereunder be considered Pledged Collateral.

Appears in 1 contract

Samples: Control Agreement (Wendy's Co)

Pledge of Additional Securities Collateral. Each Pledgor shall, upon obtaining any Pledged Securities or intercompany notes of any person (other than Excluded Property)person, accept the same in trust for the benefit of the Collateral Agent and promptly (and in any event within five Business Days thereafter) forthwith deliver to the Collateral Agent a Securities Pledge Amendmentpledge amendment, duly executed by such Pledgor, in substantially the form of Exhibit 2 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 Securities or intercompany notes that which are to be pledged pursuant to this Agreement, and confirming the attachment of the Lien hereby created on and in respect of such additional Pledged Securities or intercompany notesSecurities. Each Pledgor hereby authorizes the Collateral Agent to attach each Securities Pledge Amendment to this Agreement and agrees that all Pledged Securities or intercompany notes listed on any Securities Pledge Amendment delivered to the Collateral Agent shall for all purposes hereunder be considered Pledged Collateral.

Appears in 1 contract

Samples: Security Agreement (Granite Broadcasting Corp)

Pledge of Additional Securities Collateral. Each Pledgor Grantor shall, upon obtaining any Pledged Securities or intercompany notes Collateral of any person (other than Excluded Property)person, accept the same in trust for the benefit of the Collateral Agent and promptly (and but in any event within five Business Days thereafter(5) days after receipt thereof) deliver to the Collateral Agent a Securities Pledge Amendmentpledge amendment, duly executed by such PledgorGrantor, in the form attached as Annex 4 (each a, "Pledge Amendment"), and the certificates and other documents required under Section 3.1 7(a) and Section 3.2 7(b) hereof in respect of the additional Pledged Securities or intercompany notes that Collateral which are to be pledged pursuant to this Agreement, and confirming the attachment of the Lien hereby created on and in respect of such additional Pledged Securities or intercompany notesCollateral. Each Pledgor Grantor hereby authorizes the Collateral Agent to attach each Securities Pledge Amendment to this Agreement and agrees that all Pledged Securities or intercompany notes Collateral listed on any Securities Pledge Amendment delivered to the Collateral Agent shall for all purposes hereunder be considered Pledged Notes Collateral.

Appears in 1 contract

Samples: Pledge Agreement (Kronos Worldwide Inc)

Pledge of Additional Securities Collateral. Each Pledgor Grantor shall, upon obtaining any Pledged Securities or intercompany notes Collateral of any person (other than Excluded Property)person, accept the same in trust for the benefit of the Collateral Agent and promptly (and but in any event within five Business Days thereafter(5) days after receipt thereof) deliver to the Collateral Agent a Securities Pledge Amendmentpledge amendment, duly executed by such PledgorGrantor, in form and substance reasonably satisfactory to Agent (each a, “Pledge Amendment”), and the certificates and other documents required under Section 3.1 7(a) and Section 3.2 7(b) hereof in respect of the additional Pledged Securities or intercompany notes that Collateral which are to be pledged pursuant to this Agreement, and confirming the attachment of the Lien hereby created on and in respect of such additional Pledged Securities or intercompany notesCollateral. Each Pledgor Grantor hereby authorizes the Collateral Agent to attach each Securities Pledge Amendment to this Agreement and agrees that all Pledged Securities or intercompany notes Collateral listed on any Securities Pledge Amendment delivered to the Collateral Agent shall for all purposes hereunder be considered Pledged Collateral.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Kronos Worldwide Inc)

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Pledge of Additional Securities Collateral. Each Pledgor shall, upon obtaining after the Closing Date any Pledged Securities that are certificated “securities” for purposes of the UCC or intercompany notes of any person (other than Excluded Property)Intercompany Notes, accept the same in trust for the benefit of the Collateral Administrative Agent and and, subject to Section 3.4(a), promptly (and but in any event within five Business Days thereafterninety (90) days after receipt thereof, or such later date as may be agreed in writing by the Administrative Agent in its sole discretion) deliver to the Collateral Agent a Securities Pledge Amendment, duly executed by such PledgorAdministrative Agent, and the certificates and other documents required under Section 3.1 and Section 3.2 hereof in respect of the additional Pledged Securities or intercompany notes that Intercompany Notes which are to be pledged pursuant to this Agreement, and confirming the attachment of the Lien hereby created on and in respect of such additional Pledged Securities or intercompany notesIntercompany Notes. Each Pledgor hereby authorizes the Collateral Agent to attach each Securities Pledge Amendment to this Agreement and agrees that all Pledged Securities or intercompany notes listed on any Securities Pledge Amendment delivered to the Collateral Agent Intercompany Notes shall for all purposes hereunder be considered Pledged Collateral.

Appears in 1 contract

Samples: Control Agreement (Wendy's Restaurants, LLC)

Pledge of Additional Securities Collateral. Each Pledgor shall, upon obtaining any Pledged Securities or intercompany notes Intercompany Notes of any person (other than Excluded Property)person, accept the same in trust for the benefit of the Collateral Agent Trustee and promptly (and but in any event within five Business Days thereafterdays after receipt thereof) deliver to the Collateral Agent Trustee a Securities Pledge Amendmentpledge amendment, duly executed by such Pledgor, in substantially the form of Exhibit 2 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 Securities or intercompany notes that Intercompany Notes which are to be pledged pursuant to this Agreement, and confirming the attachment of the Lien hereby created on and in respect of such additional Pledged Securities or intercompany notesIntercompany Notes. Each Pledgor hereby authorizes the Collateral Agent Trustee to attach each Securities Pledge Amendment to this Agreement and agrees that all Pledged Securities or intercompany notes Intercompany Notes listed on any Securities Pledge Amendment delivered to the Collateral Agent Trustee shall for all purposes hereunder be considered Pledged Collateral.

Appears in 1 contract

Samples: Security Agreement (Intcomex Holdings, LLC)

Pledge of Additional Securities Collateral. Each Pledgor The Grantor shall, upon obtaining any Pledged Securities or intercompany notes Interests of any person (other than Excluded Property)Person required to be pledged hereunder, accept the same in trust for the benefit of the Collateral Agent Lender and promptly (and in any event within five Business Days thereafter) forthwith deliver to the Collateral Agent Lender a Securities Pledge Amendmentpledge amendment, duly executed by such Pledgorthe Grantor, in substantially the form of Exhibit 1 annexed 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 Securities or intercompany notes that Interests 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 Securities or intercompany notesInterests. Each Pledgor The Grantor hereby authorizes the Collateral Agent Lender to attach each Securities Pledge Amendment to this Security Agreement and agrees that all Pledged Securities or intercompany notes Interests listed on any Securities Pledge Amendment delivered to the Collateral Agent Lender shall for all purposes hereunder be considered Pledged Collateral.

Appears in 1 contract

Samples: Security Agreement (Bluefly Inc)

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