Common use of Subsequently Acquired Collateral Clause in Contracts

Subsequently Acquired Collateral. If any Pledgor shall acquire (by purchase, stock dividend or otherwise) any additional Collateral at any time or from time to time after the date hereof, such Collateral shall automatically (and without any further action being required to be taken) be subject to the pledge and security interests created pursuant to Section 3.1 hereof and, furthermore, the Pledgor will thereafter take (or cause to be taken) all action (as promptly as practicable and, in any event, within 30 days after it obtains such Collateral) with respect to such Collateral in accordance with the procedures set forth in Section 3.2 hereof, and will promptly thereafter deliver to the Pledgee (i) a certificate executed by a senior financial officer of such Pledgor describing such Collateral and certifying that the same has been duly pledged in favor of the Pledgee (for the benefit of the Secured Creditors) hereunder and (ii) supplements to Annexes B through G hereto as are necessary to cause such annexes to be complete and accurate at such time.

Appears in 2 contracts

Samples: Pledge Agreement (Dominos Inc), Pledge Agreement (Dominos Inc)

AutoNDA by SimpleDocs

Subsequently Acquired Collateral. If any Pledgor shall acquire (by purchase, stock dividend or similar distribution or otherwise) any additional Collateral at any time or from time to time after the date hereof, such Collateral shall automatically (and without any further action being required to be taken) be subject to the pledge and security interests created pursuant to Section 3.1 hereof and, furthermore, the respective Pledgor will thereafter take (or cause to be taken) all action (as promptly as practicable and, in any event, within 30 days 7 Business Days after it obtains such Collateral) with respect to such Collateral in accordance with the procedures set forth in Section 3.2 hereof, and will promptly thereafter deliver to the Pledgee and the Administrative Agent (i) a certificate executed by a senior financial an authorized officer of such Pledgor describing such Collateral and certifying that the same has been duly pledged in favor of the Pledgee (for the benefit of the Secured Creditors) hereunder hereunder, and (ii) such supplements to Annexes B A through G hereto as are reasonably necessary to cause such annexes to be complete and accurate at such time.

Appears in 1 contract

Samples: Pledge Agreement (STG Group, Inc.)

Subsequently Acquired Collateral. If any Pledgor shall acquire (by purchase, stock dividend or similar distribution or otherwise) any additional Collateral at any time or from time to time after the date hereof, such Collateral shall automatically (and without any further action being required to be taken) be subject to the pledge and security interests created pursuant to Section 3.1 hereof and, furthermore, the respective Pledgor will promptly thereafter take (or cause to be taken) all action (as promptly as practicable and, in any event, within 30 days after it obtains such Collateral) with respect to such Collateral in accordance with the procedures set forth in Section 3.2 hereof, and will promptly thereafter deliver to the Pledgee (in the case of any such additional Collateral consisting of additional Equity Interests) (i) a certificate executed by a senior financial an authorized officer of such Pledgor describing such Collateral and certifying that the same has been duly pledged in favor of the Pledgee (for the benefit of the Secured Creditors) hereunder and (ii) such supplements to Annexes B A through G D hereto as are reasonably necessary to cause such annexes to be complete and accurate at such time.

Appears in 1 contract

Samples: Credit Agreement (Strategic Hotels & Resorts, Inc)

Subsequently Acquired Collateral. If any Pledgor shall obtain or otherwise acquire (by purchase, merger, stock dividend dividend, capital contribution or otherwise) any additional Collateral at any time or from time to time after the date hereof, such Collateral shall automatically (and without any further action being required to be taken) be subject to the pledge and security interests created pursuant to Section 3.1 hereof SECTION 3.1, and, furthermore, the such Pledgor will within 30 days thereafter take (or cause to be taken) all action (as promptly as practicable and, in any event, within 30 days after it obtains such Collateral) with respect to such Collateral in accordance with the procedures set forth in Section 3.2 hereofSECTION 3.2, and will promptly thereafter deliver to the Pledgee (ia) a certificate executed by a senior financial principal executive officer of such Pledgor describing such Collateral and certifying that the same has been duly pledged in favor of the Pledgee (for the benefit of the Secured Creditors) hereunder hereunder, and (iib) such supplements to Annexes B ANNEXES A through G F hereto as are reasonably necessary to cause such annexes Annexes to be complete and accurate at such time.

Appears in 1 contract

Samples: Pledge Agreement (Regent Communications Inc)

Subsequently Acquired Collateral. If any Pledgor shall obtain or otherwise acquire (by purchase, merger, stock dividend dividend, capital contribution or otherwise) any additional Collateral at any time or from time to time after the date hereof, such Collateral shall automatically (and without any further action being required to be taken) be subject to the pledge and security interests created pursuant to Section 3.1 hereof 3.1, and, furthermore, the such Pledgor will promptly thereafter take (or cause to be taken) all action (as promptly as practicable and, in any event, within 30 days after it obtains such Collateral) with respect to such Collateral in accordance with the procedures set forth in Section 3.2 hereof3.2, and with respect to any Equity Interests any Pledgor shall obtain or otherwise acquire after the Closing Date, will promptly thereafter deliver to the Pledgee (ia) a certificate executed by a senior financial principal executive officer of such Pledgor describing such Collateral and certifying that the same has been duly pledged in favor of the Pledgee (for the benefit of the Secured CreditorsParties) hereunder hereunder, and (iib) such supplements to Annexes B through G and C hereto as are reasonably necessary to cause such annexes Annexes to be complete and accurate at such time.

Appears in 1 contract

Samples: Pledge Agreement (Nextera Enterprises Inc)

Subsequently Acquired Collateral. If any the Pledgor shall acquire (by purchase, stock dividend dividend, distribution or otherwise) any additional Collateral at any time or from time to time after the date hereof, (i) such Collateral shall automatically (and without any further action being required to be taken) be subject to the pledge and security interests created pursuant to Section 3.1 hereof and, furthermore, the Pledgor will thereafter take (or cause to be taken) all action actions (as promptly as practicable and, in any event, within 30 ten (10) days after it obtains such Collateral) with respect to such Collateral in accordance with the procedures set forth in Section 3.2 hereof, and will promptly thereafter deliver to the Pledgee (i) a certificate executed by a senior financial an authorized officer of such the Pledgor describing such Collateral and certifying that the same has been duly pledged in favor of the Pledgee (for the benefit of the Secured CreditorsParties) hereunder and (ii) supplements to Annexes B through G hereto as are necessary to cause such annexes to be complete and accurate at such timehereunder.

Appears in 1 contract

Samples: Security Agreement (Pacific Alliance Group LTD)

Subsequently Acquired Collateral. If any Pledgor shall acquire (by purchase, stock dividend dividend, distribution or otherwise) any additional Collateral at any time or from time to time after the date hereof, (i) such Collateral shall automatically (and without any further action being required to be taken) be subject to the pledge and security interests created pursuant to Section 3.1 hereof and, furthermore, the such Pledgor will thereafter take (or cause to be taken) all action (as promptly as practicable and, in any event, within 30 10 days after it obtains such Collateral) with respect to such Collateral in accordance with the procedures set forth in Section 3.2 hereof, and will promptly thereafter deliver to the Pledgee (i) a certificate executed by a senior financial an authorized officer of such Pledgor describing such Collateral and certifying that the same has been duly pledged in favor of the Pledgee (for the benefit of the Secured Creditors) hereunder and (ii) supplements to Annexes B A through G E hereto as are necessary to cause such annexes Annexes to be complete and accurate at such time.

Appears in 1 contract

Samples: Pledge Agreement (Centerpoint Energy Inc)

AutoNDA by SimpleDocs

Subsequently Acquired Collateral. If any Pledgor shall acquire (by purchase, stock dividend dividend, distribution or otherwise) any additional Collateral at any time or from time to time after the date hereof, (i) such Collateral shall automatically (and without any further action being required to be taken) be subject to the pledge and security interests created pursuant to Section 3.1 hereof and, furthermore, the and (ii) such Pledgor will thereafter take (or cause to be taken) all action (as promptly as practicable and, in any event, within 30 10 days after it obtains such Collateral) with respect to such Collateral in accordance with the procedures set forth in Section 3.2 hereof, and will promptly thereafter deliver to the Pledgee (ix) a certificate executed by a senior financial an authorized officer of such Pledgor describing such Collateral and certifying that the same has been duly pledged in favor of the Pledgee (for the benefit of the Secured Creditors) hereunder and (iiy) supplements to Annexes B A through G hereto as are necessary to cause such annexes Annexes to be complete and accurate at such time. Notwithstanding the foregoing, no Pledgor shall be required to pledge hereunder the equity interests of any Exempted Foreign Entity.

Appears in 1 contract

Samples: Pledge Agreement (RCN Corp /De/)

Subsequently Acquired Collateral. If any Pledgor shall acquire (by purchase, stock dividend dividend, distribution or otherwise) any additional Collateral at any time or from time to time after the date hereof, (i) such Collateral shall automatically (and without any further action being required to be taken) be subject to the pledge and security interests created pursuant to Section 3.1 hereof and, furthermore, the such Pledgor will thereafter take (or cause to be taken) all action actions (as promptly as practicable and, in any event, within 30 10 days after it obtains such Collateral) required with respect to such Collateral pursuant to and in accordance with with, the procedures set forth in Section 3.2 hereof, and will promptly thereafter deliver to the Pledgee (i) a certificate executed by a senior financial an authorized officer of such Pledgor describing such Collateral and certifying that the same has been duly pledged in favor of the Pledgee (for the benefit of the Secured CreditorsBeneficiaries) hereunder hereunder, and (ii) supplements to Annexes B A through G F hereto as are necessary to cause such annexes Annexes to be complete and accurate at such time.

Appears in 1 contract

Samples: Pledge Agreement (Wakefield Cable Communications LTD)

Subsequently Acquired Collateral. If any Pledgor shall acquire (by purchase, stock dividend dividend, distribution or otherwise) any additional Collateral at any time or from time to time after the date hereof, (i) such Collateral shall automatically (and without any further action being required to be taken) be subject to the pledge and security interests created pursuant to Section 3.1 hereof and, furthermore, the such Pledgor will thereafter take (or cause to be taken) all action (as promptly as practicable and, in any event, within 30 10 days after it obtains such Collateral) with respect to such Collateral in accordance with the procedures set forth in Section 3.2 hereof, and will promptly thereafter deliver to the Pledgee (i) a certificate executed by a senior financial an authorized officer of such Pledgor describing such Collateral and certifying that the same has been duly pledged in favor of the Pledgee (for the benefit of the Secured Creditors) hereunder and (ii) supplements to Annexes B A through G hereto as are necessary to cause such annexes Annexes to be complete and accurate at such time. Notwithstanding the foregoing, no Pledgor shall be required to pledge hereunder the equity interests of any Exempted Foreign Entity.

Appears in 1 contract

Samples: Pledge Agreement (RCN Corp /De/)

Subsequently Acquired Collateral. If any the Pledgor shall acquire (by purchase, stock dividend purchase or otherwise) any additional Collateral at any time or from time to time after the date hereof, (i) such Collateral shall automatically (and without any further action being required to be taken) be subject to the pledge and security interests created pursuant to Section 3.1 hereof and, furthermore, the Pledgor will thereafter take (or cause to be taken) all action actions (as promptly as practicable and, in any event, within 30 10 days after it obtains such Collateral) required with respect to such Collateral pursuant to and in accordance with the procedures set forth in Section 3.2 hereof, and will promptly thereafter deliver to the Pledgee (i) a certificate executed by a senior financial an authorized officer of such the Pledgor describing such Collateral and certifying that the same has been duly pledged in favor of the Pledgee (for the benefit of the Secured CreditorsBeneficiaries) hereunder hereunder, and (ii) supplements to Annexes B A through G C hereto as are necessary to cause such annexes Annexes to be complete and accurate at such time.

Appears in 1 contract

Samples: Pledge Agreement (Wakefield Cable Communications LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!