Common use of Amendment to Pledge and Security Agreement Clause in Contracts

Amendment to Pledge and Security Agreement. Each Lender party hereto hereby grants to the Collateral Agent all requisite authority to enter into or otherwise become bound by an amendment to the Pledge and Security Agreement to reflect the transactions contemplated by the Intercreditor Agreement and this Amendment and to bind the Secured Parties thereto by the Collateral Agent’s entering into or otherwise becoming bound thereby, and no further consent or approval on the part of any of the Secured Parties is or will be required in connection with the performance of the Pledge and Security Agreement as amended by such amendment. Each Lender party hereto further authorizes the Collateral Agent to deliver to the Term Agent any and all Term Priority Collateral in its possession, including without limitation, instruments, stock certificates, and transfer powers that are required to be delivered to the Term Agent pursuant to the Term Loan Documents with respect to Term Priority Collateral.

Amendment to Pledge and Security Agreement. Each Lender party hereto hereby grants to the Collateral Agent all requisite authority to enter into or otherwise become bound by an amendment to the Pledge and Security Agreement (as defined in the U.S. Facility) to reflect the transactions contemplated by the Intercreditor Agreement and this Amendment and to bind the Secured Parties thereto by the Collateral Agent’s entering into or otherwise becoming bound thereby, and no further consent or approval on the part of any of the Secured Parties is or will be required in connection with the performance of the Pledge and Security Agreement as amended by such amendment. Each Lender party hereto further authorizes the Collateral Agent to deliver to the Term Agent any and all Term Priority Collateral in its possession, including without limitation, instruments, stock certificates, and transfer powers that are required to be delivered to the Term Agent pursuant to the Term Loan Documents with respect to Term Priority Collateral.