Examples of Subsidiaries Pledge Agreement in a sentence
Xxxxxxx Title: Chief Financial Officer ACKNOWLEDGMENT AND CONSENT The undersigned hereby acknowledges receipt of a copy of the Subsidiaries' Pledge Agreement, dated December __, 1997, made by for the benefit of State Street Bank and Trust Company, as Trustee (the "Pledge Agreement").
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.
Each Additional Pledgor hereby represents and warrants that each of the representations and warranties contained in the Subsidiaries Pledge Agreement is true and correct on and as of the date hereof (after giving effect to this Supplement) as if made on and as of such date.
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.
This Supplement is supplemental to the Subsidiaries Pledge Agreement, forms a part thereof and is subject to the terms thereof.