Common use of Pledge of Additional Securities Collateral Clause in Contracts

Pledge of Additional Securities Collateral. Each Grantor shall, upon obtaining any Pledged Securities or Intercompany Notes of any person, accept the same in trust for the benefit of the Agent and promptly (but in any event within five days after receipt thereof) deliver to the Agent, or to a person that has agreed to hold such Collateral on behalf of the Agent for the purpose of perfecting the Agent’s security interests therein, a pledge amendment, duly executed by such Grantor, in substantially the form of Annex D hereto (each, a “Pledge Amendment”), and the certificates and other documents required under Sections 4(b) and (c) hereof in respect of the additional Pledged Securities or Intercompany Notes which are to be pledged pursuant to this Agreement, and confirming the attachment of the Lien hereby created on and in respect of such additional Pledged Securities or Intercompany Notes. Each Grantor hereby authorizes the Agent to attach each Pledge Amendment to this Agreement and agrees that all Pledged Securities or Intercompany Notes listed on any Pledge Amendment delivered to the Agent shall for all purposes hereunder be considered Collateral.

Pledge of Additional Securities Collateral. Each Upon request of the Lender and without derogating from the Lender’s rights in after-acquired Collateral pursuant to the DIP Orders, each Grantor shall, upon obtaining any Pledged Securities Interests or Intercompany Notes of any personPerson required to be pledged hereunder, accept the same in trust for the benefit of the Agent Lender and promptly (but in any event within five days after receipt thereof) forthwith deliver to the Agent, or to a person that has agreed to hold such Collateral on behalf of the Agent for the purpose of perfecting the Agent’s security interests therein, Lender a pledge amendment, duly executed by such Grantor, in substantially the form of Annex D Exhibit 1 annexed hereto (each, a “Pledge Amendment”), and the certificates and other documents required under Sections 4(b) SECTION 3.1 and (c) SECTION 3.2 hereof in respect of the additional Pledged Securities Interests or Intercompany Notes which are to be pledged pursuant to this Security Agreement, and confirming the attachment of the Lien created hereby created and by the DIP Orders on and in respect of such additional Pledged Securities Interests or Intercompany Notes. Each Grantor hereby authorizes the Agent Lender to attach each such Pledge Amendment to this Security Agreement and agrees that all Pledged Securities Interests or Intercompany Notes (whether or not listed on any Pledge Amendment delivered to the Agent Lender) shall for all purposes hereunder be considered Collateral.

Pledge of Additional Securities Collateral. Each Grantor Except as otherwise provided in Section 3.1, each Pledgor shall, upon obtaining any Pledged Securities or Intercompany Notes of any person, accept the same in trust for the benefit of the Collateral Agent and deliver to the Controlling Agent promptly (but in any event within five thirty (30) days after receipt thereofthereof or such longer period in the sole discretion of Controlling Agent) deliver to the Agent, or to a person that has agreed to hold such Collateral on behalf of the Agent for the purpose of perfecting the Agent’s security interests therein, a pledge amendment, duly executed by such GrantorPledgor, in substantially the form of Annex D Exhibit 2 hereto (each, a “Pledge Amendment”), and promptly deliver to the Controlling Agent the certificates and other documents required under Sections 4(b) Section 3.1 and (c) Section 3.2 hereof in respect of the additional Pledged Securities or Intercompany Notes which are to be pledged pursuant to this Agreement, and confirming the attachment of the Lien hereby created on and in respect of such additional Pledged Securities or Intercompany Notes. Each Grantor Pledgor hereby authorizes the Collateral Agent to attach each Pledge Amendment to this Agreement and agrees that all Pledged Securities or Intercompany Notes listed on any Pledge Amendment delivered to the Controlling Agent shall for all purposes hereunder be considered Pledged Collateral.

Pledge of Additional Securities Collateral. Each Grantor shall, upon obtaining any Pledged Securities or Intercompany Notes of any personPerson required to be pledged hereunder, accept the same in trust for the benefit of the Agent and promptly (but in any event within five days after receipt thereof) forthwith deliver to the Agent, or to a person that has agreed to hold such Collateral on behalf of the Agent for the purpose of perfecting the Agent’s security interests therein, a pledge amendment, duly executed by such Grantor, in substantially the form of Annex D Exhibit 1 annexed hereto (each, a “Pledge Amendment”), and the certificates and other documents required under Sections 4(b) SECTION 3.1 and (c) SECTION 3.2 hereof in respect of the additional Pledged Securities or Intercompany Notes which are to be pledged pursuant to this Security Agreement, and confirming the attachment of the Lien hereby created on and in respect of such additional Pledged Securities or Intercompany NotesSecurities. Each Grantor hereby authorizes the Agent to attach each Pledge Amendment to this Security Agreement and agrees that all Pledged Securities or Intercompany Notes listed on any Pledge Amendment delivered to the Agent shall for all purposes hereunder be considered Collateral. After the Discharge of ABL Obligations, each Grantor shall deliver to the Agent a Pledge Amendment, duly executed by such Grantor, and the certificates and other documents required in respect of the Intercompany Notes, and confirming the attachment of the Lien hereby created on and in respect of such Intercompany Notes.

Pledge of Additional Securities Collateral. Each Grantor Pledgor shall, upon obtaining any Pledged Securities or Intercompany Notes of any person, accept the same in trust for the benefit of the Collateral Agent and promptly (but in any event within five days after shall, on or before the first Quarterly Update Date following the receipt thereof) thereof by such Pledgor, deliver to the Agent, or to a person that has agreed to hold such Collateral on behalf of the Agent for the purpose of perfecting the Agent’s security interests therein, a pledge amendment, duly executed by such GrantorPledgor, in substantially the form of Annex D Exhibit 1 hereto (each, a “Pledge Amendment”), and the certificates and other documents required under Sections 4(b) Section 3.1 and (c) Section 3.2 hereof in respect of the additional Pledged Securities or Intercompany Notes which are to be pledged pursuant to this Agreement; provided, however, that all certificates representing or evidencing Equity Interests of any Subsidiary shall be delivered to and confirming the attachment held by or on behalf of the Lien hereby created on and in respect of Collateral Agent pursuant hereto within thirty days after receipt thereof by such additional Pledged Securities or Intercompany NotesPledgor. Each Grantor Pledgor hereby authorizes the Collateral Agent to attach each Pledge Amendment to this Agreement and agrees that all Pledged Securities or Intercompany Notes listed on any Pledge Amendment delivered to the Collateral Agent shall for all purposes hereunder be considered Pledged Collateral.

Pledge of Additional Securities Collateral. Each Grantor Pledgor shall, upon obtaining (i) any Pledged Securities or (ii) Intercompany Notes of any personperson in an amount in excess of $375,000 individually or $2,000,000 in the aggregate for all Pledgors, accept the same in trust for the benefit of the Collateral Agent and promptly (but in any event within five days Business Days after receipt thereof) deliver to the Agent, or to a person that has agreed to hold such Collateral on behalf of the Agent for the purpose of perfecting the Agent’s security interests therein, a pledge amendment, duly executed by such GrantorPledgor, in substantially the form of Annex D Exhibit 2 hereto (each, a “Pledge Amendment”), and the certificates and other documents required under Sections 4(b) Section 3.1 and (c) Section 3.2 hereof in respect of the additional Pledged Securities or Intercompany Notes which are to be pledged pursuant to this Agreement, and confirming the attachment of the Lien hereby created on and in respect of such additional Pledged Securities or Intercompany Notes. Each Grantor Pledgor hereby authorizes the Collateral Agent to attach each Pledge Amendment to this Agreement and agrees that all Pledged Securities or Intercompany Notes listed on any Pledge Amendment delivered to the Collateral Agent shall for all purposes hereunder be considered Pledged Collateral.