UNDERTAKING TO PLEDGE. The Pledgor has agreed, or, as the case may be, hereby agrees with the Collateral Agent that the Pledgor shall grant to the Collateral Agent a right of pledge (pandrecht) over the Security Assets, as security for the payment of the Secured Obligations.
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Samples: Agreement (Reynolds Group Holdings LTD), Agreement (Reynolds Group Holdings LTD), Agreement (Reynolds Group Holdings LTD)
UNDERTAKING TO PLEDGE. The Pledgor has agreed, or, as the case may be, hereby agrees with the Collateral Agent that the Pledgor shall grant to the Collateral Agent a right of pledge (pandrecht) over the Security Assets, Assets as security for the payment of the Secured Obligations.
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