Common use of Additional Equity Interests Clause in Contracts

Additional Equity Interests. Each Grantor agrees that it will pledge hereunder, immediately upon such Grantor’s acquisition (directly or indirectly) thereof, any and all additional Equity Interests issued by a Pledged Company; provided, however, that this Section 2.06 shall not limit any Grantor’s rights under Section 2.07(a)(ii).

Appears in 4 contracts

Sources: Security Agreement (El Paso Natural Gas Co), Security Agreement (El Paso Corp/De), Credit Agreement (Tennessee Gas Pipeline Co)