Common use of Additional Pledgors Clause in Contracts

Additional Pledgors. Pursuant to Section 5.11 of the Credit Agreement, each Subsidiary of the Borrower that was not in existence or not a Subsidiary on the date of the Credit Agreement is required to enter in this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 4 contracts

Sources: Credit Agreement (Fairchild Semiconductor International Inc), Credit Agreement (Intersil Holding Co), Pledge Agreement (Citadel Broadcasting Co)

Additional Pledgors. Pursuant to Section 5.11 5.12 of the Credit -------------------- Agreement, each Subsidiary of the Borrower Holdings that was not in existence or not a Subsidiary on the date of the Credit Agreement is required to enter in this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 4 contracts

Sources: Credit Agreement (Western Auto Supply Co/), Pledge Agreement (Advance Stores Co Inc), Pledge Agreement (Laralev Inc)

Additional Pledgors. Pursuant to Section 5.11 of the Credit Agreement, each Subsidiary the stock (or a portion thereof) of certain Subsidiaries that were not Subsidiaries on the Closing Date must be pledged to the Collateral Agent for the benefit of the Borrower that was not in existence or not a Subsidiary on the date of the Credit Agreement is required to enter in this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunderSecured Parties. Upon execution and delivery by the Collateral Agent and a Subsidiary such holder of stock of an instrument in the form of Annex 1, such Subsidiary holder shall become a Pledgor and, if applicable, a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Pledgor and, if applicable, a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Pledgor and, if applicable, a Subsidiary Pledgor as a party to this Agreement.

Appears in 3 contracts

Sources: Pledge Agreement (Dirsamex Sa De Cv), Credit Agreement (Jafra Cosmetics International Sa De Cv), Pledge Agreement (Jafra Cosmetics International Sa De Cv)

Additional Pledgors. Pursuant to Section 5.11 5.12 of the Credit Agreement, each Subsidiary of the Borrower Loan Party that was not in existence or not a Subsidiary Loan Party on the date of the Credit Agreement is required to enter in this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary Loan Party if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 3 contracts

Sources: Credit Agreement (Trimas Corp), Credit Agreement (Trimas Corp), Credit Agreement (Trimas Corp)

Additional Pledgors. Pursuant to Section 5.11 of the Credit Agreement, each Domestic Subsidiary of the Borrower that was not in existence or not a Domestic Subsidiary on the date of the Credit Agreement is required to enter in into this Agreement as a Subsidiary Pledgor upon becoming a Domestic Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 11 hereto, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 3 contracts

Sources: Pledge Agreement (Constar Inc), Pledge Agreement (Constar International Inc), Pledge Agreement (Constar International Inc)

Additional Pledgors. Pursuant to Section 5.11 5.12 of the Credit Agreement, each Subsidiary of the Borrower Loan Party that was not in existence or not a Subsidiary Loan Party on the date of the Credit Agreement and each Unrestricted Subsidiary that is designated as a Restricted Subsidiary is required to enter in to this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunderLoan Party. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 2 contracts

Sources: Pledge Agreement (Marketing Services Inc), Pledge Agreement (American Media Operations Inc)

Additional Pledgors. Pursuant to Section 5.11 5.12 of the Credit Agreement, each Borrower Subsidiary of the Borrower that was not in existence or not a Borrower Subsidiary on the date of the Credit Agreement is required to enter in this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunderBorrower Subsidiary. Upon execution and delivery by the Collateral Agent and a Borrower Subsidiary of an instrument in the form of Annex 1, such Borrower Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 2 contracts

Sources: Credit Agreement (Hechinger Co), Credit Agreement (Hechinger Co)

Additional Pledgors. Pursuant to Section 5.11 7.14 of the Credit Agreement, each U.S. Subsidiary of the Borrower Crown Holdings that was not in existence or not a U.S. Subsidiary on the date of the Credit Agreement is required to to, and Crown Holdings shall cause such U.S. Subsidiary to, enter in into this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunderU.S. Subsidiary. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 11 hereto, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 2 contracts

Sources: Credit Agreement (Crown Holdings Inc), Bank Pledge Agreement (Crown Holdings Inc)

Additional Pledgors. Pursuant to Section 5.11 5.12 of the Credit Agreement, each Subsidiary certain Subsidiaries of the Borrower that was were not in existence or not a Subsidiary on the date of the Credit Agreement is are required to enter in this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 2 contracts

Sources: Pledge Agreement (Alamosa Holdings Inc), Credit Agreement (Alamosa Holdings Inc)

Additional Pledgors. Pursuant to Section 5.11 of the Credit Agreement, each Restricted Subsidiary of the Borrower that was not in existence or not a Subsidiary on the date of the Credit Agreement is required to enter in this Agreement as a Subsidiary Pledgor upon becoming a Restricted Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 2 contracts

Sources: Pledge Agreement (Hudson Respiratory Care Inc), Pledge Agreement (Century Maintenance Supply Inc)

Additional Pledgors. Pursuant to Section 5.11 5.10 of the Credit Reimbursement Agreement, each Subsidiary of the Borrower Reimbursement Party that was not in existence or not a Subsidiary Reimbursement Party on the date of the Credit Reimbursement Agreement is required to enter in into this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunderReimbursement Party. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 2 contracts

Sources: Pledge Agreement (Memc Electronic Materials Inc), Reimbursement Agreement (Memc Electronic Materials Inc)

Additional Pledgors. Pursuant to Section 5.11 5.12 of the Credit Agreement, each Subsidiary of the Parent Borrower that was not in existence or not a Subsidiary on the date of the Credit Agreement is or may be required (if and to the extent set forth in the Credit Agreement) to enter in this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Administrative Agent and a Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 2 contracts

Sources: Pledge Agreement (Knowles Electronics LLC), Pledge Agreement (Knowles Electronics LLC)

Additional Pledgors. Pursuant to Section 5.11 of the Credit Agreement, each Subsidiary of STFI, the Borrower or any Subsidiary that was not in existence or not a Subsidiary on the date of the Credit Agreement is required to enter in this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 2 contracts

Sources: Credit Agreement (Shared Technologies Inc), Pledge Agreement (Shared Technologies Inc)

Additional Pledgors. Pursuant to Section 5.11 5.10 of the Credit Agreement, each Subsidiary of the Borrower that was not in existence or not a Subsidiary on the date of the Credit Agreement Second Restatement Closing Date is required to enter in into this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument a Supplement in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument Supplement shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: Pledge Agreement (Cross Country Inc)

Additional Pledgors. Pursuant to Section 5.11 5.09 of the Credit Agreement, each Subsidiary of the Borrower Subsidiary(other than any Foreign Subsidiary) that was not in existence or not a Subsidiary on the date of the Credit Agreement is required to enter in into this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument a Supplement in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument Supplement shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: Pledge Agreement (Telemundo Holding Inc)

Additional Pledgors. Pursuant to Except as otherwise permitted by Section 5.11 of the Credit Participation Agreement, each Subsidiary of the Borrower Facility Lessee that was not in existence or not a Subsidiary on the date of the Credit Agreement this Agreement, is required to enter in this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent Secured Party and a Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: Pledge and Security Agreement (Reliant Energy Mid Atlantic Power Services Inc)

Additional Pledgors. Pursuant to Section 5.11 5.09 of the Credit Agreement, each Subsidiary of the Borrower (other than any Foreign Subsidiary) that was not in existence or not a Subsidiary on the date of the Credit Agreement is required to enter in into this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument a Supplement in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument Supplement shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: Pledge Agreement (Telemundo Holding Inc)

Additional Pledgors. Pursuant to Section 5.11 of the Credit Agreement, each Subsidiary of the Borrower NWS that was not in existence or not a Subsidiary on the date of the Credit Agreement is required to enter in this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.. 237

Appears in 1 contract

Sources: Credit Agreement (Northwestern Steel & Wire Co)

Additional Pledgors. Pursuant to Section 5.11 14.17 of the Credit Loan Agreement, each Consolidated Subsidiary of the Borrower that was not in existence or not a Consolidated Subsidiary on the date of the Credit Loan Agreement is or may be required (if and to the extent set forth in the Credit Agreement) to enter in this Agreement as a Subsidiary Pledgor upon becoming a Consolidated Subsidiary if such Consolidated Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Consolidated Subsidiary of an instrument in the form of Annex 1, such Consolidated Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: Pledge Agreement (1295728 Alberta ULC)

Additional Pledgors. Pursuant to Section 5.11 of the Credit Agreement, each Domestic Subsidiary of the Borrower CCSC that was not in existence or not a Domestic Subsidiary on the date of the Credit Agreement is required to enter in into this Agreement as a Subsidiary Pledgor upon becoming a Domestic Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 11 hereto, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: Pledge Agreement (Crown Cork & Seal Co Inc)

Additional Pledgors. Pursuant to Section 5.11 5.12 of the Credit Agreement, each Subsidiary of the Borrower that was not in existence or not a Subsidiary or was an Inactive Subsidiary on the date of the Credit Agreement is required to enter in this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: Pledge Agreement (Catalytica Inc)

Additional Pledgors. Pursuant to Section 5.11 5.12 of the Credit Agreement, the Borrower is required to cause each Subsidiary of the Borrower that was not in existence or not a Subsidiary on the date of the Credit Agreement is required to enter in this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary that is a Subsidiary Loan Party if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: Pledge Agreement (Donjoy LLC)

Additional Pledgors. Pursuant to Section 5.11 of the Credit Agreement, each Domestic Subsidiary of the Borrower that was not in existence or not such a Subsidiary on the date of the Credit Agreement is required to enter in this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.. 12 12

Appears in 1 contract

Sources: Pledge Agreement (Neenah Foundry Co)

Additional Pledgors. Pursuant to Section 5.11 subsection 5.10 of the Credit Agreement, each Subsidiary of the Borrower that was not in existence or not a Subsidiary on the date of the Credit Agreement is required to enter in this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary Loan Party if such Subsidiary Loan Party owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Burlington Industries Inc /De/)

Additional Pledgors. Pursuant to Section 5.11 5.12 of the Credit Agreement, each Subsidiary of the Borrower Holdings that was not in existence or not a Subsidiary on the date of the Credit Agreement is required to enter in this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: Pledge Agreement (Advance Auto Parts Inc)

Additional Pledgors. Pursuant to Section 5.11 5.12 of the Credit Agreement, each Domestic Subsidiary of the Borrower that was not in existence or not a Subsidiary on the date of the Credit Agreement Term Funding Date is required to enter in this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 1I, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: Pledge Agreement (Wright Medical Group Inc)

Additional Pledgors. Pursuant to Section 5.11 5.12 of the Credit Agreement, each Borrower Subsidiary of the Borrower that was not in existence or not a Borrower Subsidiary on the date of the Credit Agreement is required to enter in this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunderBorrower Subsidiary. Upon execution and delivery by the Collateral Agent and a Borrower Subsidiary of an instrument in the form of Annex 1, such Borrower Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement...

Appears in 1 contract

Sources: Credit Agreement (Hechinger Co)

Additional Pledgors. Pursuant to Section 5.11 5.16 of the Credit Agreement, each Domestic Subsidiary of (other than ▇▇▇▇▇ or Leasco) and, to the extent that no adverse tax consequences to the Borrower or any Subsidiary would result, Foreign Subsidiary, that was not in existence or not such a Subsidiary on the date of the Credit Agreement is required to enter in this Agreement as a Subsidiary Pledgor upon becoming such a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunderSubsidiary. Upon execution and delivery by the Collateral Agent and a any such Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: Pledge Agreement (Ryder TRS Inc)

Additional Pledgors. Pursuant to Section 5.11 of the Credit Agreement, each Domestic Subsidiary of the Borrower Terex that was not in existence or not a Domestic Subsidiary on the date of the Credit Agreement is required to enter in this Agreement as a Subsidiary Pledgor upon becoming a Domestic Subsidiary if such Domestic Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: Pledge Agreement (Terex Corp)

Additional Pledgors. Pursuant to Section 5.11 5.10 of the Credit Agreement, each Subsidiary Loan Party (other than a subsidiary of the Borrower BFI) that was not in existence or not a Subsidiary Loan Party on the date of the Credit Agreement is required to enter in this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary Loan Party if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: Non Shared Collateral Pledge Agreement (Allied Waste Industries Inc)

Additional Pledgors. Pursuant to Section 5.11 5.12 of the Credit Agreement, each Subsidiary of the Borrower that was not in existence or not a Subsidiary on the date of the Credit Agreement is required to enter in this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary that is a Subsidiary Loan Party if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: Pledge Agreement (Lpa Services Inc)

Additional Pledgors. Pursuant to Section 5.11 5.12 of the Credit Agreement, each Subsidiary of the Borrower that was not in existence or not a Subsidiary on the date of the Credit Agreement is or may be required (if and to the extent set forth in the Credit Agreement) to enter in this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: u.s. Pledge Agreement (1295728 Alberta ULC)

Additional Pledgors. Pursuant to Section 5.11 5.12 of the Credit Agreement, each Subsidiary of the Borrower Loan Party (other than a Foreign Subsidiary) that was not in existence or not a Subsidiary Loan Party on the date of the Credit Agreement is required to enter in this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunderLoan Party. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: Pledge Agreement (Pliant Corp)

Additional Pledgors. Pursuant Subject to Section 5.11 7.14 of the Credit Agreement, each U.S. Subsidiary of the Borrower Crown Holdings that was not in existence or not a U.S. Subsidiary on the date of the Credit Agreement is required to to, and Crown Holdings shall cause such U.S. Subsidiary to, enter in into this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunderU.S. Subsidiary. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 11 hereto, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Crown Holdings Inc)

Additional Pledgors. Pursuant to Section 5.11 5.12 of the Credit Agreement, each Subsidiary of the Borrower that was not in existence or not a Subsidiary on the date of the Credit Agreement or was an Inactive Subsidiary is required to enter in this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary (or upon ceasing to be an Inactive Subsidiary) if such Subsidiary is a Subsidiary Loan Party and owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a any such Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with effect from and after the same force date of such execution and effect as if originally named as a Subsidiary Pledgor hereindelivery. The execution and delivery of such instrument shall not require the consent of any other Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: Pledge Agreement (J Crew Group Inc)

Additional Pledgors. Pursuant to Section 5.11 5.12 of the Credit Agreement, each Subsidiary of the Borrower that was not in existence or not a Subsidiary on the date of the Credit Agreement is required to enter in this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Triton PCS Inc)

Additional Pledgors. Pursuant to Section 5.11 of the Credit Agreement, each Each Subsidiary of the Borrower Parent (other than a Non-United States Subsidiary) that was not in existence or not such a Subsidiary on the date of the Credit Agreement is required to enter in this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Administrative Agent and such a Subsidiary of an instrument in the form of Annex 1ANNEX I hereto, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of any such instrument shall not require the consent of any other Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: Pledge Agreement (Rohn Industries Inc)

Additional Pledgors. Pursuant to Section 5.11 5.12 of the Credit Agreement, each Subsidiary of certain additional Significant Subsidiaries may be required under the Borrower that was not in existence or not a Subsidiary on the date terms of the Credit Agreement is required from time to time to enter in into this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunderPledgors. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Kansas City Southern Industries Inc)

Additional Pledgors. Pursuant to Section 5.11 5.09 of the Credit Agreement, each Domestic Restricted Subsidiary of the Borrower that was not in existence or not a Restricted Subsidiary on the date of the Credit Agreement is required to enter in into this Agreement as a Subsidiary Pledgor upon becoming a Restricted Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunder. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument a Supplement in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument Supplement shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: Pledge Agreement (Playboy Enterprises Inc)

Additional Pledgors. Pursuant to Section 5.11 5.09 of the Credit Agreement, each Subsidiary that is a Material Subsidiary of the Borrower Canadian Parent that was not in existence or not a Material Subsidiary on the date of the Credit Agreement is required to enter in into this Agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunderPledgor. Upon execution and delivery after the date hereof by the Canadian Collateral Agent and a such Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such any instrument adding an additional Subsidiary Pledgor as a party to this Agreement shall not require the consent of any other Subsidiary Pledgor hereunder. The rights and obligations of each Subsidiary Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Oil States International, Inc)

Additional Pledgors. Pursuant to Section 5.11 4.11 of the Credit AgreementIndenture, each domestic Restricted Subsidiary of the Borrower that was not in existence is formed or not a Subsidiary on acquired after the date of the Credit Agreement Indenture and each Foreign Subsidiary that guarantees Indebtedness of the Issuer or any domestic Subsidiary is required to enter in this Agreement agreement as a Subsidiary Pledgor upon becoming a Subsidiary if such Subsidiary owns or possesses property of a type that would be considered Collateral hereunderPledgor. Upon execution and delivery by the Collateral Agent and a Subsidiary of an instrument in the form of Annex 1, such Subsidiary shall become a Subsidiary Pledgor hereunder with the same force and effect as if originally named as a Subsidiary Pledgor herein. The execution and delivery of such instrument shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and effect notwithstanding the addition of any new Subsidiary Pledgor as a party to this Agreement.

Appears in 1 contract

Sources: Pledge Agreement (Pliant Corp)