Common use of Grant of Security Interest and Pledge Clause in Contracts

Grant of Security Interest and Pledge. Each of the Pledgors hereby pledges, assigns, charges, mortgages, delivers and transfers to the Agent, for the benefit of the Secured Parties, and hereby grants to the Agent, for the benefit of the Secured Parties, a continuing pledge and security interest in and to, all of the following Property of such Pledgor, whether now owned or hereafter acquired or existing (all of such Property being the "Pledged Collateral"): (a) all the Initial Pledged Shares owned by such Pledgor; (b) all other Pledged Shares owned by such Pledgor; (c) all Distributions from time to time received by such Pledgor; (d) all of the Pledgor's rights and interests under the charter documents, by-laws, limited liability company operating agreement or other similar governing document, as applicable, of each Pledged Share Issuer, including all voting and management rights and all rights to grant or withhold consents or approvals; (e) all other Property (including Dividends) that may, from time to time be delivered or be required to be delivered by such Pledgor to the Agent for the purpose of pledge hereunder; and (f) all products and proceeds of any of the foregoing.