Common use of PLEDGE SUPPLEMENT Clause in Contracts

PLEDGE SUPPLEMENT. Within five (5) Business Days of the creation or acquisition of any new Pledged Interests, the Grantor shall execute a supplement to Exhibit A (a “Pledge Supplement”) and deliver such Pledge Supplement to the Secured Party. Any Pledged Collateral described in a Pledge Supplement delivered by the Grantor shall thereafter be deemed to be listed on Exhibit A hereto.

Appears in 4 contracts

Samples: Security Agreement (Workhorse Group Inc.), Security Agreement (Workhorse Group Inc.), Security Agreement (Workhorse Group Inc.)

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PLEDGE SUPPLEMENT. Within five (5) Business Days of the creation or acquisition of any new Pledged Interests, the each Grantor shall execute a supplement to Exhibit A in the form of Annex II (a “Pledge Supplement”) and deliver such Pledge Supplement to the Secured Party. Any Pledged Collateral described in a Pledge Supplement delivered by the such Grantor shall thereafter be deemed to be listed on Exhibit A hereto.

Appears in 3 contracts

Samples: Security Agreement (Workhorse Group Inc.), Security Agreement (Velo3D, Inc.), Security Agreement (Velo3D, Inc.)

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