Pledged Intercompany Notes. With respect to the creation or acquisition by a Credit Party of a Pledged Intercompany Note, the appropriate Credit Party shall pledge to Collateral Agent, as security for the Secured Obligations, such Pledged Intercompany Note. Administrative Borrower shall deliver to Collateral Agent such Pledged Intercompany Note and an accompanying allonge.
Appears in 2 contracts
Sources: Credit Agreement (Nn Inc), Credit Agreement (Nn Inc)