Common use of Registration of the Pledge Clause in Contracts

Registration of the Pledge. Immediately upon signature of this Agreement and in relation to the Pledged Account, the Pledgor shall execute in the French language a statement of pledge related to such Pledged Account (the “Statement of Pledge”) in the form of Schedule 2, transmit an executed copy of the Statement of Pledge of the Pledged Accounts to the Account Holder of the Financial Instruments Account and to the Bank Account Holder of the Bank Account and request : (i) the Account Holder (who accepts and undertakes to comply with) to (i) record in its shareholder register (“registre de mouvements de titres”), that such Financial Instruments Account is pledged in favour of the Beneficiaries by virtue of this Statement of Pledge and (ii) issue on the same date a certificate of confirmation of pledge related to the Pledged Account (the “Confirmation of Pledge”) in the form of Schedule 3; and (ii) the Bank Account Holder (who accepts and undertakes to comply with) to (a) record that the Bank Account is pledged in favour of the Beneficiaries by virtue of this Statement of Pledge and (b) issue on the same date a certificate of confirmation of pledge related to such Bank Account (the “Bank Account Holder Acknowledgement Letter” and together with the Confirmation of Pledge, the “Confirmations of Pledge”) in the form of Schedule 4.