Common use of The Pledge Agreement Clause in Contracts

The Pledge Agreement. The security interests created in favor of the Collateral Agent, as Pledgee, for the benefit of the Secured Creditors, under the Pledge Agreement constitute first priority perfected security interests in the Collateral described in the Pledge Agreement, subject to no security interests of any other Person. No filings or recordings are required in order to perfect (or maintain the perfection or priority of) the security interests created in the Pledge Agreement Collateral under the Pledge Agreement.

The Pledge Agreement. The security interests created in favor of the Collateral Agent, as Pledgeepledgee, for the benefit of the Secured Creditors, Creditors under the Pledge Agreement constitute first priority perfected security interests in the Collateral Pledged Securities described in the Pledge Agreement, subject to no security interests interest of any other Personperson. No filings or recordings are required in order to perfect (or maintain the perfection or priority of) the security interests created in the Pledge Agreement Collateral Pledged Securities and the proceeds thereof under the Pledge Agreement.

The Pledge Agreement. The security interests created in favor of the Collateral Agent, as Pledgee, for the benefit of the Secured Creditors, under the Pledge Agreement constitute first priority perfected security interests in the Collateral described in the Pledge Agreement, subject to no security interests of any other Person. No filings or recordings are required in order to perfect (or maintain the perfection or priority of) the security interests created in the Pledge Agreement Collateral under the Pledge Agreement.

The Pledge Agreement. The security interests created in favor -------------------- of the Collateral Agent, as Pledgee, for the benefit of the Secured Creditors, under the Pledge Agreement constitute first priority perfected security interests in the Collateral described in the Pledge AgreementAgreement Collateral, subject to no security interests of any other Person. No Except as otherwise provided in Section 7.04, filings or recordings are required in order to perfect (or maintain the perfection or priority of) the security interests created in the Pledge Agreement Collateral under the Pledge AgreementCollateral.