Common use of Registration Rights, etc Clause in Contracts

Registration Rights, etc. (a) If the Collateral Agent determines that the registration of any of the securities included in the Pledged Collateral under, or other compliance with, the Securities Act or any similar Federal or state law is desirable, upon or at any time after an Event of Default and acceleration of the Notes in accordance with Section 6.02 of the Indenture, each Pledgor will use its best efforts to cause such registration or compliance to be effectively made, at no expense to the Collateral Agent or to the Holders, and to continue any such registration effective for such time as may be necessary in the opinion of the Collateral Agent. The Pledgors will reimburse the Collateral Agent upon demand for any expenses incurred by the Collateral Agent (including reasonable attorneys' fees) incurred in connection therewith, which obligation to pay such expenses shall be secured hereunder.

Appears in 2 contracts

Samples: Subsidiary Pledge Agreement (Discovery Zone Inc), Subsidiary Pledge Agreement (Discovery Zone Inc)

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Registration Rights, etc. (a) If the Collateral Agent determines that the registration of any of the securities included in the Pledged Collateral under, or other compliance with, the Securities Act or any similar Federal or state law is desirable, upon or at any time after an Event of Default and acceleration of the Notes in accordance with Section 6.02 of the Indenture, each the Pledgor will use its best efforts to cause such registration or compliance to be effectively made, at no expense to the Collateral Agent or to the Holders, and to continue any such registration effective for such time as may be necessary in the opinion of the Collateral Agent. The Pledgors Pledgor will reimburse the Collateral Agent upon demand for any expenses incurred by the Collateral Agent (including reasonable attorneys' fees) incurred in connection therewith, which obligation to pay such expenses shall be secured hereunder.

Appears in 2 contracts

Samples: Pledge Agreement (Discovery Zone Inc), Pledge Agreement (Discovery Zone Inc)

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