Common Contracts

Contract

Pledge and Security Agreement • May 5th, 2020 • New York

• Contract Type
  Pledge and Security Agreement
• Filed
  May 5th, 2020
• Jurisdiction
  New York

<DOCUMENT> <TYPE>EX-1 <SEQUENCE>2 <FILENAME>0002.txt <DESCRIPTION>FORM OF SPONSOR PLEDGE AND SECURITY AGREEMENT <TEXT> SPONSOR PLEDGE AND SECURITY AGREEMENT This SPONSOR PLEDGE AND SECURITY AGREEMENT, dated as of October 31, 2000 (as amended, supplemented, restated or otherwise modified, this "AGREEMENT"), between MAGNUM TELECOM LIMITED, a British Virgin Islands company (the "GRANTOR") in favor of THE CHASE MANHATTAN BANK, as Collateral Agent (the "COLLATERAL AGENT") under the Collateral Agency and Intercreditor Agreement (as defined below)forthe benefit of the Secured Parties thereunder. RECITALS: WHEREAS, reference is made to (i) that certain Common Terms Agreement, dated as of October 31, 2000 (as amended, modified and supplemented from time to time, the "COMMON TERMS AGREEMENT"), by and among Global Village Telecom Ltda. ("GVT"), GVT Holding Ltda. ("GVT (BRAZIL)"), Global Village Telecom (Holland) B.V. ("GVT (HOLLAND)"), GVT (Holding) N. V. ("GVT (ANTILLES)"), Nortel Networks Limit