Common use of Pledge and Security Clause in Contracts

Pledge and Security. Agreement executed by each Credit Party evidencing its grant of a security interest in substantially all of its respective personal property in favor of the Administrative Agent for the benefit of the Holders of Secured Obligations, together with the appropriate stock certificates and stock powers executed in blank.

Appears in 4 contracts

Sources: Credit Agreement (Inergy Midstream, L.P.), Credit Agreement (Inergy Midstream, L.P.), Credit Agreement (Inergy L P)