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 Second 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 17, 1998, between Discovery Zone (Canada) 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"), Discovery Zone Licensing, Inc., a Nevada corporation (together with DZL, DZPR 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 Firstar Bank of Minnesota, N.A., 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 the date hereof (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 Collateralized Notes due 2002 (the "Initial Notes") and 13 1/2% Senior Collateralized 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. The Subsidiary Pledge Agreement, duly executed and completed by each Subsidiary of the Borrower (including special purpose license subsidiaries holding FCC radio licenses) granting to the Lenders a lien on and security interest in (i) all capital stock owned by such Subsidiaries, together with the stock certificates representing all such capital stock and related stock powers duly executed in blank.
Subsidiary Pledge Agreement. The Collateral Agent shall have received the Subsidiary Pledge Agreement, duly executed by an Authorized Signatory of TRC and dated the date hereof, together with one or more share certificates, representing (i) 100% of the issued and outstanding capital Stock of each Guarantor owned by TRC, and (ii) 66% of the issued and outstanding capital Stock of Total Renal Care International Ltd., a Foreign Subsidiary of TRC, together with an undated stock power, executed in blank by an Authorized Signatory of TRC and bearing a signature guarantee in all respects satisfactory to the Collateral Agent, in respect of each such certificate; provided that if TRC is unable to provide a -------- pledge of the capital Stock of such Foreign Subsidiary on the date hereof pursuant to the preceding clause (ii), TRC need not comply with such clause (ii) on the date hereof so long as TRC provides such pledge by December 24, 1997, together with, where reasonably available, the favorable written opinions of counsel with respect to the validity, perfection and priority of such Lien under the law of the jurisdictions governing such Lien.
Subsidiary Pledge Agreement. 27 Tax...........................................................................
Subsidiary Pledge Agreement see subsection 5.1(i); such pledge agreement may be joined after the Closing Date by other Subsidiaries.
Subsidiary Pledge Agreement. Recital 7
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”);
