Common use of Shares and CPEC Clause in Contracts

Shares and CPEC. The Parties hereto agree that, for the dispossession requirement, the Shares and the CPEC shall be transferred to the Pledgee by registration in the Registers on the page of the Pledgor. All registered Shares and CPEC issued by the Issuer and held, now or at any moment hereafter, by the Pledgor shall be TRANSFERRED AS SECURITY to the Pledgee and registered as such in the Registers, in compliance with Article 6 (1) (c) of the law of 5 August 2005 on financial collateral arrangements. This registration shall bear the precision that the Pledge is subordinated to the Senior Pledge. The Pledgor undertakes to deliver evidence to the Pledgee of the registration of the Shares and the CPEC of the Issuer as a security in the Registers by way of an extract of the Registers evidencing the pledged Shares and the pledged CPEC in favour of the Pledgee by (i) fax on the date of the Pledge Agreement and (ii) registered mail within five Business Days of the date of the Pledge Agreement and (iii) fax on the date of any issue of further Shares and/or CPEC and (iv) registered mail within five Business Days of the date of any issue of further Shares and/or CPEC.

Shares and CPEC. The Parties hereto agree that, for the dispossession requirement, all the Shares and all the CPEC shall be transferred to the Pledgee by registration in the Registers on the page of the Pledgor. All registered Shares and CPEC issued by the Issuer and held, now or at any moment hereafter, by the Pledgor shall be TRANSFERRED AS SECURITY to the Pledgee and registered as such in the Registers, in compliance with Article 6 5 (12) (c) of the law of 5 August 2005 on financial collateral arrangements. This registration shall bear the precision that the Pledge is subordinated to the Senior Pledge. The Pledgor undertakes to deliver evidence to the Pledgee of the registration of the Shares and the CPEC of the Issuer as a security in the Registers by way of an extract of the Registers evidencing the pledged Shares and Shares, the pledged CPEC in favour of the Pledgee by (i) fax on the date of the Pledge Agreement and (ii) registered mail within five Business Days of the date of the Pledge Agreement and (iii) fax on the date of any issue of further Shares and/or CPEC and (iv) registered mail within five Business Days of the date of any issue of further Shares and/or CPEC.