Subsidiary Pledge Agreement. By executing and delivering this Assumption Agreement, the Additional Subsidiary Guarantor, as provided in Subsection 7.15 of the Subsidiary Pledge Agreement, hereby becomes a party to the Subsidiary Pledge Agreement as a Grantor thereunder with the same force and effect as if originally named therein as a Grantor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a Grantor thereunder. The information set forth in Annex 1-B hereto is hereby added to the information set forth in Schedule 1 to the Subsidiary Pledge Agreement. The Additional Guarantor hereby represents and warrants that each of the representations and warranties contained in the Subsidiary Pledge Agreement is true and correct on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date.
Subsidiary Pledge Agreement. The Fourth Amended and Restated Pledge Agreement, dated as of the date hereof, as the same may be amended from time to time hereafter, among certain of the Subsidiaries of the Borrower, on the one hand, and the Administrative Agent, on the other hand, in form and substance satisfactory to the Banks and the Administrative Agent.
Subsidiary Pledge Agreement. The Subsidiary Pledge Agreement executed by each Guarantor;
Subsidiary Pledge Agreement. This SUBSIDIARY PLEDGE AGREEMENT (together with any amendments, replacements and supplements hereafter entered into, the "SUBSIDIARY PLEDGE AGREEMENT"), dated as of July 22, 1997, between Discovery Zone Limited, an entity formed under the laws of Canada ("DZL"), Discovery Zone (Puerto Rico), Inc., a corporation formed under the laws of Puerto Rico ("DZPR"), DZ Party, Inc., a Delaware corporation ("DZPI"), Discovery Zone Licensing, Inc., a Nevada corporation (together with DZL, DZPR, DZPI and any subsidiaries of the Company that may become Subsidiary Guarantors after the date hereof and their permitted respective successors and assigns, the "PLEDGORS" and, each individually, a "PLEDGOR"), and State Street Bank and Trust Company as Trustee under the Indenture (as defined below), acting as Collateral Agent hereunder (together with its successors and assigns, in such capacity, the "COLLATERAL AGENT"), is made for the ratable benefit of the Holders. As used herein, all capitalized terms not otherwise defined herein shall have the meanings set forth in the Indenture, dated as of July 22, 1997 (together with all amendments and supplements thereto, the "INDENTURE"), among Discovery Zone, Inc., a Delaware corporation (the "COMPANY"), Pledgors and the Collateral Agent, relating to the Company's 13 1/2% Senior Secured Notes due 2002 (the "INITIAL NOTES") and 13 1/2% Senior Secured Notes due 2002, Series B to be issued in exchange for the Initial Notes pursuant to the Registration Rights Agreement, the Purchase Agreement and the Indenture ("EXCHANGE NOTES" and, together with the Initial Notes, the "NOTES"), as amended from time to time in accordance with the terms thereof.
Subsidiary Pledge Agreement. Recital 7
Subsidiary Pledge Agreement. A pledge agreement (the "HazWaste Subsidiary Pledge Agreement"), substantially in the form of Exhibit H to the Credit Agreement, duly executed by HazWaste, together with all collateral and other items required to be delivered in connection therewith.
Subsidiary Pledge Agreement. The Borrower shall cause to be delivered to the Administrative Agent a legal opinion in form and substance reasonably satisfactory to the Administrative Agent with respect to any Subsidiary entering into the Guaranty after the Closing Date.
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Subsidiary Pledge Agreement. In the case of Borrower, a pledge agreement in form and substance satisfactory to the Requisite Lenders (herein, as the same may be amended, restated, modified or supplemented from time to time with the prior written consent of the Requisite Lenders, called the "Borrower Pledge Agreement"), covering all of the Subsidiary Equity Interests (or, in the case of 3304906 Canada Inc., covering not less than 66% of the Subsidiary Equity Interests of such Subsidiary).
(a) Borrower shall execute and deliver to Collateral Agent the Borrower Pledge Agreement within 60 days after the Closing Date, (b) 3304906 Canada Inc. shall not be required to execute and deliver a Security Agreement or Subsidiary Guaranty and (c) Borrower shall only be required to execute and deliver a Mortgage with respect to its leased premises in Yorba Linda, California upon the extension or renewal of Borrower's lease of such premises.
Subsidiary Pledge Agreement. Lender shall have received a pledge agreement from each Borrower in respect of the Equity Interests of each Subsidiary owned by it (limited, in the case of Foreign Subsidiaries, to sixty-five percent (65%) of such Equity Interests), in form and substance satisfactory to Lender (the “Subsidiary Pledge Agreement”);
