Common use of Stock Pledges Clause in Contracts

Stock Pledges. Each Obligor and each Obligor Subsidiary in existence as of the Closing Date (except for any such Subsidiary which has no Subsidiaries) shall pledge the Capital Stock of its Subsidiaries owned by it to secure the Obligations pro rata (and as further provided for in the Common Security and Intercreditor Agreement) and each Obligor will, and will cause each such existing Subsidiary to, pledge such Capital Stock of any Subsidiary of any Obligor or existing Obligor Subsidiary formed after the Closing Date to secure the Obligations and will execute and deliver to the Administrative Agent and the Collateral Agent one or more agreements pledging Capital Stock substantially in the form of the Security Agreement Supplement providing, among other things, for the pledge to the Collateral Agent for the benefit of the Collateral Agent and, as applicable, of (x) the Administrative Agent (for itself and the Lenders), (y) the New Tranche B Notes Indenture Trustee (for itself and the New Tranche B Notes Holders), and (z) the New Tranche A Indenture Trustee (for itself and for the New Tranche A Notes Holders) of all the Capital Stock of such newly formed Subsidiary held by such Obligor or such existing Obligor Subsidiary, as the case may be, and deliver to the Collateral Agent stock certificates (or other certificates if the Capital Stock does not take the form of shares) evidencing such Capital Stock (together with undated stock powers (or other appropriate powers if the Capital Stock does not take the form of shares) executed in blank), which Capital Stock and stock (or other) powers will become "Collateral" for purposes of the Security Documents. This Section 7.1.12 shall apply mutatis mutandis to any such newly formed Subsidiary.

Stock Pledges. Each Indenture Obligor and each of its Obligor Subsidiary Subsidiaries in existence as of the Closing Date (except for any such Obligor Subsidiary which has no Subsidiaries) shall pledge the Capital Stock of its Subsidiaries owned by it to secure the Indenture Obligations pro rata (and as further provided for in the Common Security and Intercreditor Agreement) and each Indenture Obligor will, and will cause each such existing Subsidiary to, pledge such Capital Stock of any Subsidiary of any Indenture Obligor or such existing Obligor Subsidiary formed after the Closing Date to secure the Indenture Obligations and will execute and deliver to the Administrative Agent Trustee and the Collateral Agent one or more agreements pledging Capital Stock substantially in the form of the Security Agreement Supplement providing, among other things, for the pledge to the Collateral Agent for the benefit of the Collateral Agent andAgent, as applicable, and of (x) the New Tranche A Notes Indenture Trustee (for itself and the New Tranche A Note Holders), (y) the Trustee (for itself and the Holders of the Securities), and (z) the Administrative Agent (for itself and the Lenders), (y) the New Tranche B Notes Indenture Trustee (for itself and the New Tranche B Notes Holders), and (z) the New Tranche A Indenture Trustee (for itself and for the New Tranche A Notes Holders) of all the Capital Stock of such newly formed Subsidiary held by such Indenture Obligor or such existing Obligor Subsidiary, as the case may be, and deliver to the Collateral Agent stock certificates (or other certificates if the Capital Stock does not take the form of shares) evidencing such Capital Stock (together with undated stock powers (or other appropriate powers if the Capital Stock does not take the form of shares) executed in blank), which Capital Stock and stock (or other) powers will become "Collateral" for purposes of the Security Documents. This Section 7.1.12 1017 shall apply mutatis mutandis to any such newly formed Subsidiary.

Stock Pledges. Each Indenture Obligor and each of its Obligor Subsidiary Subsidiaries in existence as of the Closing Date (except for any such Obligor Subsidiary which has no Subsidiaries) Subsidiaries shall pledge the Capital Stock of its Subsidiaries owned by it to secure the Indenture Obligations pro rata (and as further provided for in the Common Security and Intercreditor Agreement) and each Indenture Obligor will, and will cause each such existing Subsidiary to, pledge such Capital Stock of any Subsidiary of any Indenture Obligor or such existing Obligor Subsidiary formed after the Closing Date to secure the Indenture Obligations and will execute and deliver to the Administrative Agent Trustee and the Collateral Agent one or more agreements pledging Capital Stock substantially in the form of the Security Agreement Supplement providing, among other things, for the pledge to the Collateral Agent for the benefit of the Collateral Agent and, as applicable, of (x) the Administrative Agent (for itself and the Lenders), (y) the New Tranche B Notes Indenture Trustee (for itself and the New Tranche B Notes Holders), (y) the Trustee (for itself and the Holders of the Securities), and (z) the New Tranche A Indenture Trustee Administrative Agent (for itself and for the New Tranche A Notes HoldersLenders) of all the Capital Stock of such newly formed Subsidiary held by such Indenture Obligor or such existing Obligor Subsidiary, as the case may be, and deliver to the Collateral Agent stock certificates (or other certificates if the Capital Stock does not take the form of shares) evidencing such Capital Stock (together with undated 110 stock powers (or other appropriate powers if the Capital Stock does not take the form of shares) executed in blank), which Capital Stock and stock (or other) powers will become "Collateral" for purposes of the Security Documents. This Section 7.1.12 1017 shall apply mutatis mutandis to any such newly formed Subsidiary.

Stock Pledges. Each Indenture Obligor and each of its Obligor Subsidiary Subsidiaries in existence as of the Closing Date (except for any such Obligor Subsidiary which has no Subsidiaries) shall pledge the Capital Stock of its Subsidiaries owned by it to secure the Indenture Obligations pro rata (and as further provided for in the Common Security and Intercreditor Agreement) and each Indenture Obligor will, and will cause each such existing Subsidiary to, pledge such Capital Stock of any Subsidiary of any Indenture Obligor or such existing Obligor Subsidiary formed after the Closing Date to secure the Indenture Obligations and will execute and deliver to the Administrative Agent Trustee and the Collateral Agent one or more agreements pledging Capital Stock stock substantially in the form of the Security Agreement Supplement providing, among other things, providing for the pledge to the Collateral Agent for the benefit of the Collateral Agent and, as applicable, and of (x) the Administrative Agent (for itself and the Lenders), (y) the New Tranche B A Notes Indenture Trustee (for itself and the New Tranche B Notes A Note Holders), and (zy) the New Tranche A Indenture Trustee (for itself and for the New Tranche A Notes HoldersHolders of the Securities) of all the Capital Stock of such newly formed Subsidiary held by such Indenture Obligor or such existing Obligor Subsidiary, as the case may bemaybe, and deliver to the Collateral Agent stock certificates (or other certificates if the Capital Stock does not take the form of shares) evidencing such Capital Stock (together with undated stock powers (or other appropriate powers if the Capital Stock does not take the form of shares) executed in blank), which Capital Stock and stock (or other) powers will become "Collateral" for purposes of the Security Documents. This Section 7.1.12 1017 shall apply mutatis mutandis to any such newly formed Subsidiary.

Stock Pledges. Each Indenture Obligor and each of its Obligor Subsidiary Subsidiaries in existence as of the Closing Date (except for any such Obligor Subsidiary which has no Subsidiaries) Subsidiaries shall pledge the Capital Stock of its Subsidiaries owned by it to secure the Indenture Obligations pro rata (and as further provided for in the Common Security and Intercreditor Agreement) and each Indenture Obligor will, and will cause each such existing Subsidiary to, pledge such Capital Stock of any Subsidiary of any Indenture Obligor or such existing Obligor Subsidiary formed after the Closing Date to secure the Indenture Obligations and will execute and deliver to the Administrative Agent Trustee and the Collateral Agent one or more agreements pledging Capital Stock stock substantially in the form of the Security Agreement Supplement providing, among other things, providing for the pledge to the Collateral Agent for the benefit of the Collateral Agent and, as applicable, and of (x) the Administrative Agent (for itself and the Lenders), (y) the New Tranche B Notes Indenture Trustee (for itself and the New Tranche B Notes Holders), and (zy) the New Tranche A Indenture Trustee (for itself and for the New Tranche A Notes HoldersHolders of the Securities) of all the Capital Stock of such newly formed Subsidiary held by such Indenture Obligor or such existing Obligor Subsidiary, as the case may bemaybe, and deliver to the Collateral Agent stock certificates (or other certificates if the Capital Stock does not take the form of shares) evidencing such Capital Stock (together with undated stock powers (or other appropriate powers if the Capital Stock does not take the form of shares) executed in blank), which Capital Stock and stock (or other) powers will become "Collateral" for purposes of the Security Documents. This Section 7.1.12 1017 shall apply mutatis mutandis to any such newly formed Subsidiary.