Common use of UNDERTAKING TO PLEDGE Clause in Contracts

UNDERTAKING TO PLEDGE. The Pledgor and the Pledgee hereby agree that the Pledgor shall grant to the Pledgee for the benefit of the Guaranteed Parties, and, where it concerns the Parallel Debt, for the benefit of the Pledgee, the rights of pledge purported to be granted under or pursuant to this Deed.

Appears in 2 contracts

Samples: Pledge of Receivables, Agreement and Deed of the Creation of a First Ranking Right of Pledge of Receivables (Affiliated Computer Services Inc)

AutoNDA by SimpleDocs

UNDERTAKING TO PLEDGE. The Pledgor and the Pledgee hereby agree that the Pledgor shall grant to the Pledgee for the benefit of the Guaranteed PartiesBeneficiaries, and, where it concerns the Parallel Debt, for the benefit of the Pledgee, the rights of pledge purported to be granted under or pursuant to this Deed.

Appears in 2 contracts

Samples: Pledge of Shares Agreement, Pledge Agreement (Affiliated Computer Services Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!