Subsidiaries Pledge Agreement definition
Examples of Subsidiaries Pledge Agreement in a sentence
Each Additional Pledgor hereby acknowledges and agrees that Bank of America, N.A. has succeed to all of the rights, powers and duties of the Original Administrative Agent under the Subsidiaries Pledge Agreement and the other Loan Documents.
This Supplement is supplemental to the Subsidiaries Pledge Agreement, forms a part thereof and is subject to the terms thereof.
From and after the date of this Supplement, as used in the Subsidiaries Pledge Agreement as supplemented by this Supplement and for all purposes of the Subsidiaries Pledge Agreement as so supplemented, "Pledged Stock" shall be deemed to include the Additional Pledged Stock and "Issuers" shall be deemed to include the New Issuers.
The Secured Creditors, by their acceptance of the benefits of the Subsidiaries Pledge Agreement to which this Annex B is attached (the "Pledge Agreement") hereby irrevocably designate the Collateral Agent (and any successor Pledgee) to act as Pledgee as specified herein and therein.
By executing and delivering this Supplement, each Additional Pledgor, as provided in Section 21 of the Subsidiaries Pledge Agreement, hereby becomes a party to the Subsidiaries Pledge Agreement as a Pledgor thereunder with the same force and effect as if originally named therein as a Pledgor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a Pledgor thereunder.