Common use of Pledge of Equity Interest Clause in Contracts

Pledge of Equity Interest. (a) In order to secure the Secured Obligations, the Lien Grantor grants to the Collateral Agent for the benefit of the Secured Parties, effective on [ the date hereof (if such date occurs during a Collateral Period) and otherwise on the first day of any Collateral Period following execution hereof] a continuing security interest in all the following property of the Lien Grantor, whether now owned or existing or hereafter acquired or arising and regardless of where located (the "NEW COLLATERAL"): [describe property being added to the Collateral] The security interests granted by the Lien Grantor pursuant hereto shall terminate in accordance with Section 17 of the Pledge Agreement. (b) The foregoing Pledges are granted as security only and shall not subject the Collateral Agent or any other Secured Party to, or transfer or in any way affect or modify, any obligation or liability of the Lien Grantor with respect to any of the New Collateral or any transaction in connection therewith.

Pledge of Equity Interest. (a) In The Lien Grantor, in order to secure the its Secured Obligations, the Lien Grantor grants to the Collateral Agent for the benefit of the Secured Parties, effective on [ the date hereof (if such date occurs during a Collateral Period) and otherwise on the first day of any Collateral Period following execution hereof] Period, a continuing security interest in all Equity Interests in the following property of Subsidiary identified in Schedule I hereto held directly by the Lien GrantorGrantor and all of its rights and privileges with respect thereto, and all income and profits thereon, all interest, dividends and other payments and distributions with respect thereto, whether now owned or existing or hereafter acquired or arising and regardless of where located (the "NEW ADDITIONAL COLLATERAL"): [describe property being added to the Collateral] ). The security interests granted by the Lien Grantor pursuant hereto to this Section 1(a) shall terminate in accordance with Section 17 of the Pledge Agreement. (b) The foregoing Pledges are Pledge is granted as security only and shall not subject the Collateral Agent or any other Secured Party to, or transfer or in any way affect or modify, any obligation or liability of the Lien Grantor with respect to any of the New Additional Collateral or any transaction in connection therewith.

Pledge of Equity Interest. (a) In order to secure the Secured Obligations, the Lien Grantor grants to the Collateral Agent for the benefit of the Secured Parties, effective on [ the date hereof (if such date occurs during a Collateral Period) and otherwise on the first day of any Collateral Period following execution hereof] , a continuing security interest in all Equity Interests in the following property of Subsidiary identified in Schedule I hereto held directly by the Lien GrantorGrantor and all of its rights and privileges with respect thereto, and all income and profits thereon, all interest, dividends and other payments and distributions with respect thereto, whether now owned or existing or hereafter acquired or arising and regardless of where located (the "NEW COLLATERAL"): [describe property being added to the Collateral] ). The security interests granted by the Lien Grantor pursuant hereto shall terminate in accordance with Section 17 of the Pledge Agreement. (b) The foregoing Pledges are granted as security only and shall not subject the Collateral Agent or any other Secured Party to, or transfer or in any way affect or modify, any obligation or liability of the Lien Grantor with respect to any of the New Collateral or any transaction in connection therewith.

Pledge of Equity Interest. (a) In order to secure the Secured Obligations, the Lien Grantor grants to the Collateral Agent for the benefit of the Secured Parties, effective on [ the date hereof (if such date occurs during a Collateral Period) and otherwise on the first day of any Collateral Period following execution hereof] a continuing security interest in all Equity Interests in the following property of Subsidiary identified in Schedule I hereto held directly by the Lien GrantorGrantor and all of its rights and privileges with respect thereto, and all income and profits thereon, all interest, dividends and other payments and distributions with respect thereto, whether now owned or existing or hereafter acquired or arising and regardless of where located (the "NEW COLLATERAL"): [describe property being added to the Collateral] ). The security interests granted by the Lien Grantor pursuant hereto shall terminate in accordance with Section 17 of the Pledge Agreement. (b) The foregoing Pledges are granted as security only and shall not subject the Collateral Agent or any other Secured Party to, or transfer or in any way affect or modify, any obligation or liability of the Lien Grantor with respect to any of the New Collateral or any transaction in connection therewith.

Pledge of Equity Interest. (a) In The Lien Grantor, in order to secure the its Secured Obligations, the Lien Grantor grants to the Collateral Agent for the benefit of the Secured Parties, effective on [ the date hereof (if such date occurs during a Collateral Period) and otherwise on the first day of any Collateral Period following execution hereof] Period, a continuing security interest in all its Equity Interests in the following property of Subsidiary identified in Schedule I hereto held directly by the Lien GrantorGrantor and all of its rights and privileges with respect thereto, and all income and profits thereon, all interest, dividends and other payments and distributions with respect thereto, whether now owned or existing or hereafter acquired or arising and regardless of where located (the "NEW ADDITIONAL COLLATERAL"): [describe property being added to the Collateral] ). The security interests granted by the Lien Grantor pursuant hereto to this Section 1(a) shall terminate in accordance with Section 17 of the Pledge Agreement. (b) The foregoing Pledges are Pledge is granted as security only and shall not subject the Collateral Agent or any other Secured Party to, or transfer or in any way affect or modify, any obligation or liability of the Lien Grantor with respect to any of the New Additional Collateral or any transaction in connection therewith.

Pledge of Equity Interest. (a) In order to secure the Secured Obligations, the Lien Grantor grants to the Collateral Agent for the benefit of the Secured Parties, effective on [ the date hereof (if such date occurs during a Collateral Period) and otherwise on the first day of any Collateral Period following execution hereof] hereof a continuing security interest in all the following property of the Lien Grantor, whether now owned or existing or hereafter acquired or arising and regardless of where located (the "NEW COLLATERAL"): [describe property being added to the CollateralDESCRIBE PROPERTY BEING ADDED TO THE COLLATERAL] The security interests granted by the Lien Grantor pursuant hereto shall terminate in accordance with Section 17 16 of the Pledge Agreement. (b) The foregoing Pledges are granted as security only and shall not subject the Collateral Agent or any other Secured Party to, or transfer or in any way affect or modify, any obligation or liability of the Lien Grantor with respect to any of the New Collateral or any transaction in connection therewith.