Pledge of Securities Etc. (a) To secure the Obligations of the Pledgor and for the purposes set forth in Section 1 hereof, the Pledgor hereby (i) grants to the Pledgee a security interest in all of the Collateral owned by the Pledgor, (ii) pledges and deposits as security with the Pledgee, the Pledged Stock owned by the Pledgor on the date hereof, and delivers to the Pledgee certificates or instruments therefor, which bear an endorsement in favor of the Pledgee substantially in the form and substance of Annex B (and accompanied by any transfer tax stamps required in connection with the pledge of such Pledged Stock), or such other instruments of transfer as are reasonably acceptable to the Pledgee, (iii) assigns, transfers, hypothecates, mortgages, charges and sets over to the Pledgee all of the Pledgor's right, title and interest in and to such Pledged Stock (and in and to the certificates or instruments evidencing such Pledged Stock), to be held by the Pledgee upon the terms and conditions set forth in this Pledge Agreement.
Pledge of Securities Etc. 7 3.1 Pledge ................................................................................................7 3.2 Procedures.............................................................................................10 3.3 Subsequently Acquired Collateral.......................................................................11
Pledge of Securities Etc. 5 3.1 Pledge............................................................ 5 3.2 Procedures........................................................ 6 3.3
Pledge of Securities Etc. A. In order to secure the due and punctual payment of (i) the Note (and all sums which may be owed thereunder) in accordance with the terms thereof, as the Note may be amended from time to time, and (ii) any other obligations (contractual or otherwise) of Pledgor and FSA to Pledgee (hereinafter collectively called the "Obligations"), Pledgor: (i) hereby grants to Pledgee a security interest in all of the Collateral (as hereinafter defined), (ii) hereby pledges and deposits with the Pledgee the securities set forth on Annex A hereof (the "Securities"), and delivers to the Pledgee certificates therefor, accompanied by undated stock powers duly endorsed in blank by the Pledgor, and (iii) hereby collaterally assigns, transfers, hypothecates and sets over to the Pledgee all of the Pledgor's right, title and interest in and to such Securities (and in and to the certificates or instruments evidencing such Securities), to be held by the Pledgee as collateral security for the Obligations, upon the terms and conditions set forth in this Agreement.
Pledge of Securities Etc
