Common use of Pledged Intercompany Notes Clause in Contracts

Pledged Intercompany Notes. With respect to the creation or acquisition by an Obligor of a Pledged Intercompany Note, the appropriate Obligor shall pledge to Collateral Agent, as security for the Obligations, such Pledged Intercompany Note. Such Obligor shall deliver to Collateral Agent such Pledged Intercompany Note and an accompanying allonge.

Appears in 2 contracts

Sources: Third Amended and Restated Note Purchase and Shelf Agreement (Nn Inc), Second Amended and Restated Note Purchase and Shelf Agreement (Nn Inc)