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 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 Securities or Intercompany Notes that are to be pledged pursuant to this Agreement.

Appears in 3 contracts

Samples: Intercreditor Agreement (Overseas Shipholding Group Inc), Intercreditor Agreement (Overseas Shipholding Group Inc), Security Agreement (Overseas Shipholding Group Inc)

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Pledge of Additional Securities Collateral. Each The Pledgor shall, upon obtaining any Pledged Securities Shares or Intercompany Notes of any person (other than Excluded Collateral)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 Securities Shares or Intercompany Notes that are to be pledged pursuant to this Agreement.

Appears in 3 contracts

Samples: Security Agreement (Overseas Shipholding Group Inc), Intercreditor Agreement (Overseas Shipholding Group Inc), Intercreditor Agreement (Overseas Shipholding Group Inc)

Pledge of Additional Securities Collateral. Each Pledgor shall, upon obtaining any Pledged Securities or Intercompany Notes of any person (other than Excluded 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 Securities or Intercompany Notes Collateral that are to be pledged pursuant to this Agreement.

Appears in 1 contract

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

Pledge of Additional Securities Collateral. Each Pledgor shall, upon obtaining any Pledged Securities or Intercompany Notes of any person (other than Excluded Collateral)person, 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) forthwith deliver to the Collateral Agent a pledge 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 in respect of the additional Pledged Securities or Intercompany Notes that are to be pledged pursuant to this Agreement.under

Appears in 1 contract

Samples: Security Agreement (Quest Resource Corp)

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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 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 Securities or Intercompany Notes Collateral that are to be pledged pursuant to this Agreement.

Appears in 1 contract

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

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