Common use of Subsequently Acquired Securities Clause in Contracts

Subsequently Acquired Securities. If any Pledgor shall acquire (by purchase, stock dividend or otherwise) any additional Securities which represent ownership interests in any Required Guarantor at any time or from time to time after the date hereof, such Securities 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(a) and, furthermore, such Pledgor will forthwith deliver and deposit such Securities (or certificates or instruments representing such Securities) as security with the Pledgee and deliver to the Pledgee certificates therefor or instruments thereof, and accompanied by undated stock powers duly executed in blank in the case of Stock, Limited Liability Company Interests or Partnership Interests or such other instruments of transfer as are reasonably acceptable to the Pledgee, and will promptly thereafter deliver to the Pledgee a certificate executed by any Authorized Officer of such Pledgor describing such Securities and certifying that the same have been duly pledged with the Pledgee hereunder. Subject to the last sentence of Section 2(a) hereof, any pledge of Voting Stock of any Foreign Corporation shall be subject to the provisions of part (A) of the proviso to clause (i)(y) of Section 2(a) hereof.

Subsequently Acquired Securities. If any the Pledgor shall acquire (by purchase, stock dividend or otherwise) any additional Securities which represent ownership interests in any Required Guarantor at any time or from time to time after the date hereof, such Securities 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(a) and, furthermore, such Pledgor will forthwith deliver immediately pledge and deposit such Securities (or certificates or instruments representing such Securities) as security with the Pledgee and deliver to the Pledgee certificates therefor or instruments thereoftherefor, duly endorsed in blank in the case of Notes, and accompanied by undated stock powers duly executed in blank by the Pledgor (and accompanied by any transfer tax stamps required in connection with the pledge of such Securities) in the case of Stock, Limited Liability Company Interests or Partnership Interests or such other instruments of transfer as are reasonably acceptable to the Pledgee, and any other foreign security documentation reasonably requested by Pledgee, and will promptly thereafter deliver to the Pledgee a certificate executed by any Authorized a Responsible Officer of such the Pledgor describing such Securities and certifying that the same have been duly pledged with the Pledgee hereunder. If any Domestic Subsidiary of Pledgor shall hereafter own capital stock of any Material Subsidiary, then Pledgor shall cause such Domestic Subsidiary to enter into a pledge agreement in substantially the form hereof, and shall deliver any other security documentation reasonably requested by Pledgee, in order to cause the stock of such Material Subsidiary to be pledged to the Pledgee for the benefit of the Lenders. Subject to the last sentence of Section 2(a) hereofSECTION 2, the Pledgor shall not be required at any time to pledge hereunder more than 65% of Voting Stock the total combined voting power of all classes of capital stock of any Foreign Corporation shall be subject Subsidiary entitled to the provisions of part (A) of the proviso to clause (i)(y) of Section 2(a) hereofvote.

Subsequently Acquired Securities. If any Pledgor the Pledgors shall acquire (by purchase, stock dividend or otherwise) any additional Securities which represent ownership interests in any Required Guarantor at any time or from time to time after the date hereof, such Securities 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(a) and, furthermore, such each Pledgor will forthwith deliver pledge and deposit such Securities (or certificates or instruments representing such Securities) as security with the Pledgee and deliver to the Pledgee certificates therefor or instruments thereof, duly endorsed in blank in the case of Notes and accompanied by undated stock powers duly executed in blank in the case of StockStock (and accompanied by any transfer tax stamps required in connection with the pledge of such securities, Limited Liability Company Interests or Partnership Interests with signatures appropriately guaranteed to the extent required), by each Pledgor or such other instruments of transfer as are reasonably acceptable to the Pledgee, and will promptly thereafter deliver to the Pledgee a certificate executed by any Authorized Officer a principal executive officer of such each Pledgor describing such Securities and certifying that the same have been duly pledged with the Pledgee hereunder. Subject Without limiting the foregoing, each Pledgor shall be required to pledge hereunder any shares of stock at any time and from time to time after the date hereof acquired by such Pledgor of any Foreign Corporation, provided that (x) no Pledgor (to the last sentence extent that it is a Domestic Subsidiary of Section 2(athe Borrower) hereof, shall be required at any time to pledge hereunder more than 65% of the Voting Stock of any Foreign Corporation and (y) each Pledgor shall be subject required to the provisions pledge hereunder 100% of part (A) any Non-Voting Stock at any time and from time to time acquired by such Pledgor of the proviso to clause (i)(y) of Section 2(a) hereofany Foreign Corporation.

Subsequently Acquired Securities. If any the Pledgor shall acquire -------------------------------- (by purchase, stock dividend or otherwise) any additional Securities which represent ownership interests in any Required Guarantor ), at any time or from time to time after the date hereof, such Securities shall automatically any additional Securities: (and without any further action being required to be takeni) be subject to issued by a Subsidiary or Joint Venture Vehicle, as relevant, other than a Foreign Subsidiary or Foreign Joint Venture Vehicle, then the pledge and security interests created pursuant to Section 3.1(a) and, furthermore, such Pledgor will forthwith deliver pledge and deposit such Securities as security with the Pledgee; or (ii) issued by a Foreign Subsidiary or Foreign Joint Venture Vehicle, as relevant, and, as a result of such acquisition, the Pledged Securities in respect of such Foreign Subsidiary or Foreign Joint Venture Vehicle are less than such Foreign Subsidiary's or Foreign Joint Venture Vehicle's then existing Maximum Foreign Pledge, then the Pledgor will forthwith pledge, mortgage or charge hereunder (or certificates under another pledge agreement in form and substance satisfactory to the Pledgee, if necessary under any applicable law or instruments representing such Securitiesif otherwise desirable to carry into effect the purposes of this Agreement) and deposit (subject to the proviso below) as security with the Pledgee and deliver to the Pledgee certificates therefor or instruments thereof, and accompanied by undated stock powers duly executed in blank in the case of Stock, Limited Liability Company Interests or Partnership Interests or such other instruments of transfer additional Securities as are reasonably acceptable to necessary so that the Pledgee, and will promptly thereafter deliver to the Pledgee a certificate executed by any Authorized Officer Pledged Securities in respect of such Pledgor describing Foreign Subsidiary or Foreign Joint Venture Vehicle, as relevant, are equal to such Securities and certifying Foreign Subsidiary's or Foreign Joint Venture Vehicle's then existing Maximum Foreign Pledge; provided, however, that the same have been duly pledged with the Pledgee hereunder. Subject Pledgor shall not ----------------- be required pursuant to the last sentence of Section 2(a) hereof, any pledge of Voting Stock of any Foreign Corporation shall be subject to the provisions of part (A) of the proviso to clause (i)(y) of Section 2(a) hereof.this Section

Subsequently Acquired Securities. If any the Pledgor shall acquire (by purchase, stock dividend or otherwise) any additional Securities which represent ownership interests in any Required Guarantor at any time or from time to time after the date hereof, such Securities 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(a) and, furthermore, such Pledgor will forthwith deliver pledge and deposit such Securities (or certificates or instruments representing such Securities) as security with the Pledgee and deliver to the Pledgee certificates therefor or instruments thereof, duly endorsed in blank in the case of promissory notes and accompanied by undated stock powers duly executed in blank by the Pledgor (and accompanied by any transfer tax stamps required in connection with the pledge of such Securities, with signatures appropriately guaranteed to the extent required) in the case of Stock, Limited Liability Company Interests or Partnership Interests or such other instruments of transfer as are reasonably acceptable to the Pledgee, and will promptly thereafter deliver to the Pledgee a certificate executed by any Authorized Officer a principal executive officer of such the Pledgor describing such Securities and certifying that the same have been duly pledged with the Pledgee hereunder. Subject Without limiting the foregoing, the Pledgor shall be required to pledge hereunder any shares of stock at any time and from time to time after the last sentence date hereof acquired by such Pledgor of Section 2(aany Foreign Corporation, provided that (x) hereof, the Pledgor shall not be required at any time to pledge hereunder more than 65% of the Voting Stock of any Foreign Corporation and (y) the Pledgor shall be subject required to the provisions pledge hereunder 100% of part (A) any Non-Voting Stock at any time and from time to time acquired by such Pledgor of the proviso to clause (i)(y) of Section 2(a) hereofany Foreign Corporation.

Subsequently Acquired Securities. If any the Pledgor shall acquire (by purchase, stock dividend or otherwise) any additional Securities which represent ownership interests in any Required Guarantor at any time or from time to time after the date hereof, such Securities 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(a) and, furthermore, such Pledgor will forthwith deliver immediately pledge and deposit such Securities (or certificates or instruments representing such Securities) as security with the Pledgee and deliver to the Pledgee certificates therefor or instruments thereoftherefor, duly endorsed in blank in the case of Notes, and accompanied by undated stock powers duly executed in blank by the Pledgor (and accompanied by any transfer tax stamps required in connection with the pledge of such Securities) in the case of Stock, Limited Liability Company Interests or Partnership Interests or such other instruments of transfer as are reasonably acceptable to the Pledgee, and any other foreign security documentation reasonably requested by Pledgee, and will promptly thereafter deliver to the Pledgee a certificate executed by any Authorized a Responsible Officer of such the Pledgor describing such Securities and certifying that the same have been duly pledged with the Pledgee hereunder. If any Domestic Subsidiary of Pledgor shall hereafter own capital stock of any Material Subsidiary, then Pledgor shall cause such Domestic Subsidiary to enter into a pledge agreement in substantially the form hereof, and shall deliver any other security documentation reasonably requested by Pledgee, in order to cause the stock of such Material Subsidiary to be pledged to the Pledgee for the benefit of the Lenders. Subject to the last sentence of Section 2(a) hereof2, the Pledgor shall not be required at any time to pledge hereunder more than 65% of Voting Stock the total combined voting power of all classes of capital stock of any Foreign Corporation shall be subject Subsidiary entitled to the provisions of part (A) of the proviso to clause (i)(y) of Section 2(a) hereofvote.

Subsequently Acquired Securities. If Subject to Section 2(c) hereof if -------------------------------- any Pledgor shall acquire (by purchase, stock dividend or otherwise) any additional Securities which represent ownership interests in any Required Guarantor at any time or from time to time after the date hereof, such Securities 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(a) hereof and, furthermore, such Pledgor will forthwith deliver and deposit such Securities (or any certificates or instruments representing such Securities) as security with the Pledgee and deliver to the Pledgee all certificates therefor or instruments thereof, and if any, accompanied by undated stock powers duly executed in blank in the case of certificated Stock, Limited Liability Company Interests or Partnership Interests or such other instruments of transfer as are reasonably acceptable to the Pledgee, and will promptly thereafter deliver to the Pledgee a certificate executed by any Authorized Officer of such Pledgor describing such Securities and certifying that the same have been duly pledged with the Pledgee hereunder. Subject to the last sentence of Section 2(a) hereof, any pledge of Voting Stock of any Foreign Corporation shall be subject to the provisions of part (A) of the proviso to clause (i)(y) of Section 2(a) hereof.