Common use of Pledge and Security Agreements Clause in Contracts

Pledge and Security Agreements. Pursuant to the Borrower Pledge and Security Agreement, the Guarantor Pledge and Security Agreement, and the Pledgor Stockholders Pledge and Security Agreement, respectively, a first priority pledge, assignment and security agreement in favor of the Agent, for the ratable benefit of the Lenders, with respect to (i) all of the Borrower's right, title and interest, in and to any shares of PWF Common Stock from time to time and all related rights and interests, (ii) all of the Guarantor's right, title and interest in and to all issued and outstanding capital stock of the Borrower, from time to time and all related rights and interests, and (iii) all of the Pledgor Stockholders' respective rights, title and interests, in and to their respective shares of PWF Common Stock and related rights and interests.