Common use of Pledgors’ Undertakings Clause in Contracts

Pledgors’ Undertakings. 8.1 The Pledgor must from time to time and at any time, promptly and at its own expense enter into and execute any further documents and deeds and undertake all further actions (including making all filings and registrations) which are necessary and requested by the Security Trustee in order to create, perfect, protect and maintain the effectiveness of the pledge created by this Agreement or for the exercise of all rights, powers and remedies of the Security Trustee provided by or pursuant to this Agreement or by law and/or to facilitate the realisation of the rights pledged pursuant to the Agreement. For the avoidance of doubt, the undertaking in this Article 8 shall include an undertaking by the Pledgor to enter into and execute any deeds of confirmation under Article 1232 of the Italian Civil Code which may be requested by the Security Trustee following a change in all or any of the Secured Contracts or a change in all or any of the Secured Obligations. 8.2 Except as not expressly prohibited under the terms of the Indentures, the Pledgor shall not: (a) create or permit to arise any mortgage, charge or lien or other security interest on the Accounts or any interest in or part of the Accounts; or (b) sell or attempt to sell or otherwise dispose of the Accounts or any interest in or part of the Accounts.