Common use of Pledge of Additional Securities Collateral Clause in Contracts

Pledge of Additional Securities Collateral. The Pledgor shall, upon obtaining any Pledged Shares or Intercompany Notes, accept the same in trust for the benefit of the Collateral Agent and promptly (and in any event within 30 days thereafter or such later time as may be extended by the Collateral Agent in its sole discretion) deliver to the Collateral Agent the certificates and other documents required under Section 3.1 and Section 3.2 in respect of the additional Pledged Shares or Intercompany Notes that are to be pledged pursuant to this Agreement.

Appears in 3 contracts

Samples: Abl Credit Agreement (Overseas Shipholding Group Inc), Term Loan Credit Agreement (Overseas Shipholding Group Inc), Credit Agreement (Overseas Shipholding Group Inc)

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Pledge of Additional Securities Collateral. The Each Pledgor shall, upon obtaining any Pledged Shares Securities or Intercompany NotesNotes of any person (other than Excluded Collateral), accept the same in trust for the benefit of the Collateral Agent and promptly (and in any event within 30 days thereafter or such later time as may be extended by the Collateral Agent in its sole discretion) deliver to the Collateral Agent the certificates and other documents required under Section 3.1 and Section 3.2 in respect of the additional Pledged Shares Securities or Intercompany Notes that are to be pledged pursuant to this Agreement.

Appears in 3 contracts

Samples: Term Loan Credit Agreement (Overseas Shipholding Group Inc), Abl Credit Agreement (Overseas Shipholding Group Inc), Credit Agreement (Overseas Shipholding Group Inc)

Pledge of Additional Securities Collateral. The Each Pledgor shall, upon obtaining any Pledged Shares or Intercompany NotesSecurities Collateral, accept the same in trust for the benefit of the Collateral Agent Payee and promptly (and in any event within 30 ten business days thereafter or such later time as may be extended by the Collateral Agent in its sole discretionthereafter) deliver to the Collateral Agent Payee the certificates and other documents required under Section 3.1 and Section 3.2 in respect of the additional Pledged Shares or Intercompany Notes Securities Collateral that are to be pledged pursuant to this Agreement.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (RPM International Inc/De/)

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Pledge of Additional Securities Collateral. The Pledgor shall, upon obtaining any Pledged Shares or Intercompany NotesSecurities Collateral, accept the same in trust for the benefit of the Collateral Agent Payee and promptly (and in any event within 30 ten business days thereafter or such later time as may be extended by the Collateral Agent in its sole discretionthereafter) deliver to the Collateral Agent Payee the certificates and other documents required under Section 3.1 and Section 3.2 in respect of the additional Pledged Shares or Intercompany Notes Securities Collateral that are to be pledged pursuant to this Agreement.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (RPM International Inc/De/)

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