Common use of Subsequently Acquired Pledged Collateral Clause in Contracts

Subsequently Acquired Pledged Collateral. If at any time or from time to time after the date hereof during the term of this Agreement, the Pledgor shall acquire any additional Pledged Collateral, including any further stock or equity in each of the Issuer (whether by purchase, dividend, merger, consolidation, sale of assets, split, spin-off, or any other dividend or distribution of any kind or otherwise), then the Pledgor will forthwith pledge and, if applicable, deposit such additional Pledged Collateral with the Pledgee and deliver to the Pledgee certificates or instruments therefor, endorsed in blank by the Pledgor or accompanied by “stock powers” or an Assignment Separate From Certificate duly executed in blank by the Pledgor, and will promptly thereafter deliver to the Pledgee a certificate (which shall be deemed to supplement Annex A attached hereto) executed by the Pledgor describing such Pledged Collateral and the other Pledged Collateral pledged to the Pledgee, and certifying that the same have been duly pledged with the Pledgee hereunder. Whether or not such additional Pledged Collateral is evidenced by certificates, the Pledgor shall permit the Pledgee to file a UCC Financing Statement naming the Pledgor as debtor and the Pledgee as secured party with respect to the additional Collateral with the Delaware Secretary of State, in form and substance satisfactory to the Pledgee in its sole and absolute determination, and without the requirement of the Pledgor’s signature.

Appears in 1 contract

Samples: Pledge Agreement (Phoenix Footwear Group Inc)

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Subsequently Acquired Pledged Collateral. If at any time or from time to time after the date hereof during the term of this Agreement, the Pledgor shall acquire any additional Pledged Collateral, including any further stock or equity in each of the Issuer (whether by purchase, dividend, merger, consolidation, sale of assets, split, spin-off, or any other dividend or distribution of any kind or otherwise), then the Pledgor will forthwith pledge and, if applicable, deposit such additional Pledged Collateral with the Pledgee and deliver to the Pledgee certificates or instruments therefor, endorsed in blank by the Pledgor or accompanied by "stock powers" or an Assignment Separate From Certificate duly executed in blank by the Pledgor, and will promptly thereafter deliver to the Pledgee a certificate (which shall be deemed to supplement Annex A attached hereto) executed by the Pledgor describing such Pledged Collateral and the other Pledged Collateral pledged to the Pledgee, and certifying that the same have been duly pledged with the Pledgee hereunder. Whether or not such additional Pledged Collateral is evidenced by certificates, the Pledgor shall permit the Pledgee to file a UCC Financing Statement naming the Pledgor as debtor and the Pledgee as secured party with respect to the additional Collateral with the Delaware Secretary of State, in form and substance satisfactory to the Pledgee in its sole and absolute determination, and without the requirement of the Pledgor’s 's signature.

Appears in 1 contract

Samples: Pledge Agreement (Easylink Services Corp)

Subsequently Acquired Pledged Collateral. If at any time or from time to time after the date hereof during the term of this Agreement, the Pledgor shall acquire any additional Pledged Collateral, including any further stock or equity in each of the Issuer Issuers (whether by purchase, dividend, merger, consolidation, sale of assets, split, spin-off, or any other dividend or distribution of any kind or otherwise), then the Pledgor will forthwith pledge and, if applicable, deposit such additional Pledged Collateral with the Pledgee and deliver to the Pledgee certificates or instruments therefor, endorsed in blank by the Pledgor or accompanied by "stock powers" or an Assignment Separate From Certificate duly executed in blank by the Pledgor, and will promptly thereafter deliver to the Pledgee a certificate (which shall be deemed to supplement Annex A Annexes A-1 and 2 attached hereto) executed by the Pledgor describing such Pledged Collateral and the other Pledged Collateral pledged to the Pledgee, and certifying that the same have been duly pledged with the Pledgee hereunder; provided, however, that under no circumstances shall the Pledgor pledge an amount greater than 66 2/3% of the issued and outstanding capital stock of any Foreign Issuer. Whether or not such additional Pledged Collateral is evidenced by certificates, the Pledgor shall permit the Pledgee to file a UCC Financing Statement naming the Pledgor as debtor and the Pledgee as secured party with respect to the additional Collateral with the Delaware Secretary of State, in form and substance satisfactory to the Pledgee in its sole and absolute determination, and without the requirement of the Pledgor’s 's signature.

Appears in 1 contract

Samples: Pledge Agreement (Easylink Services Corp)

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Subsequently Acquired Pledged Collateral. (i) If at any time or from time to time after the date hereof during the term of this Agreement, the any Pledgor shall acquire any additional Pledged CollateralInterests, including any further stock stock, or equity in each of the Issuer (whether by purchase, dividend, merger, consolidation, sale of assets, split, spin-off, or any other dividend or distribution of any kind or otherwise) (collectively, the "FUTURE RIGHTS"), then the . (ii) Such Pledgor will forthwith pledge and, if applicable, deposit such additional Pledged Collateral with the Pledgee Pledgee, for the benefit of itself and the other Secured Parties and deliver to the Pledgee for the benefit of itself and the other Secured Parties, certificates or instruments therefor, endorsed in blank by the such Pledgor or accompanied by undated stock powers” powers or an Assignment Separate From Certificate instruments of transfer, in each case, duly executed in blank by the such Pledgor, and will promptly thereafter deliver to the Pledgee Pledgee, for the benefit of itself and the other Secured Parties, a certificate (which shall be deemed to supplement Annex ANNEX A attached heretohereto of such Pledgor) executed by the such Pledgor describing such Pledged Collateral and the other Pledged Collateral pledged to the Pledgee, and certifying that the same have been duly pledged with the Pledgee hereunder. . (iii) Whether or not such additional Pledged Collateral is evidenced by certificates, the such Pledgor shall permit shall, and hereby authorizes the Pledgee to to, file a UCC Code Financing Statement naming the such Pledgor as debtor and the Pledgee as secured party with respect to the additional Collateral with in the Delaware Secretary of State, applicable filing office and in such form and containing such substance satisfactory as may be necessary to perfect the security interest of the Pledgee in its sole and absolute determinationthe additional Collateral by the filing of a Code Financing Statement; PROVIDED, and without HOWEVER, that no such authorization shall obligate the requirement of the Pledgor’s signaturePledgee to make any such filing.

Appears in 1 contract

Samples: Pledge Agreement (Empire Resorts Inc)

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