Examples of Additional Pledgors in a sentence
In such event, the Management Committee shall send the defaulting Member written notice of such default, giving such Member seven (7) days from the date such notice is given to contribute the entire amount of its required Capital Contribution.
The representations and warranties as to the information set forth in Schedules referred to herein are made, as to each Pledgor (other than Additional Pledgors), as of the date hereof and, as to each Additional Pledgor, as of the date of the applicable Counterpart, except that, in the case of a Pledge Amendment, such representations and warranties are made as of the date of such Pledge Amendment.
Upon such execution and delivery by any Additional Pledgor, such Additional Pledgor shall be deemed to have made the representations and warranties set forth in Section 6 hereof, and shall be bound by all of the terms, covenants and conditions hereof to the same extent as if such Additional Pledgor had executed this Pledge Agreement as of the Closing Date, and the Lender shall be entitled to all of the benefits of such Additional Pledgor's obligations hereunder.
From time to time subsequent to the date hereof, additional Subsidiaries of any Pledgor may become parties hereto as additional Pledgors (the "Additional Pledgors"), by executing a counterpart (the "Counterpart") substantially in the form of Exhibit B hereto.
This Pledge Agreement Joinder will be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that the Additional Pledgors may not assign, transfer or delegate any of their respective rights or obligations under this Pledge Agreement Joinder without the prior written consent of the Security Agent and any such assignment, transfer or delegation without such consent shall be null and void.