Common use of Pledged Property Clause in Contracts

Pledged Property. (a) Company hereby pledges to the Secured Party, and creates in the Secured Party for its benefit, a security interest, from the date hereof through an Expiration Event, in and to all of the property of the Company as set forth in EXHIBIT "A" attached hereto (collectively, the "PLEDGED PROPERTY"): The Pledged Property, as set forth in EXHIBIT "A" attached hereto, and the products thereof and the proceeds of all such items are hereinafter collectively referred to as the "PLEDGED COLLATERAL." (b) Simultaneously with the execution and delivery of this Agreement, the Company shall make, execute, acknowledge, file, record and deliver to the Secured Party any documents reasonably requested by the Secured Party to perfect its security interest in the Pledged Property. Simultaneously with the execution and delivery of this Agreement, the Company shall make, execute, acknowledge and deliver to the Secured Party such documents and instruments, including, without limitation, financing statements, certificates, affidavits and forms as may, in the Secured Party's reasonable judgment, be necessary to effectuate, complete or perfect, or to continue and preserve, the security interest of the Secured Party in the Pledged Property, and the Secured Party shall hold such documents and instruments as secured party, subject to the terms and conditions contained herein.

Pledged Property. (a) Company hereby pledges to the Secured Party, and creates in the Secured Party for its benefit, a security interest, from interest for such time until the date hereof through an Expiration EventObligations are paid in full, in and to all of the property of the Company as set forth in EXHIBIT Exhibit "A" attached hereto (collectively, the "PLEDGED PROPERTY"): The Pledged Property, as set forth in EXHIBIT "A" attached hereto, and the products thereof and the proceeds of all such items are hereinafter collectively referred to as (collectively, the "PLEDGED COLLATERAL.Pledged Property"), which is second in priority to the security interest of Montgomery Equity Partners, LTD in the Pledged Property under the t▇▇▇▇ ▇▇▇ ▇onditions set forth in the Intercreditor Agreement: (b) Simultaneously with the execution and delivery of this Agreement, the Company shall make, execute, acknowledge, file, record and deliver to the Secured Party any documents reasonably requested by the Secured Party to perfect its second priority security interest in the Pledged Property. Simultaneously with the execution and delivery of this Agreement, the Company shall make, execute, acknowledge and deliver to the Secured Party such documents and instruments, including, without limitation, financing statements, certificates, affidavits and forms as may, in the Secured Party's reasonable judgment, be necessary to effectuate, complete or perfect, or to continue and preserve, the security interest of the Secured Party in the Pledged Property, and the Secured Party shall hold such documents and instruments as secured party, subject to the terms and conditions contained herein.

Pledged Property. (a) Company hereby pledges to the Secured Party, and creates in the Secured Party for its benefit, a security interest, from interest for such time until the date hereof through an Expiration EventObligations are paid in full, in and to all of the property of the Company as set forth in EXHIBIT Exhibit "A" attached hereto (collectively, the "PLEDGED PROPERTYPledged Property"): ----------- ---------------- The Pledged Property, as set forth in EXHIBIT Exhibit "A" attached hereto, and the ---------- products thereof and the proceeds of all such items are hereinafter collectively referred to as the "PLEDGED COLLATERALPledged Collateral."" ------------------- (b) Simultaneously with the execution and delivery of this Agreement, the Company shall make, execute, acknowledge, file, record and deliver to the Secured Party any documents reasonably requested by the Secured Party to perfect its security interest in the Pledged Property. Simultaneously with the execution and delivery of this Agreement, the Company shall make, execute, acknowledge and deliver to the Secured Party such documents and instruments, including, without limitation, financing statements, certificates, affidavits and forms as may, in the Secured Party's reasonable judgment, be necessary to effectuate, complete or perfect, or to continue and preserve, the security interest of the Secured Party in the Pledged Property, and the Secured Party shall hold such documents and instruments as secured party, subject to the terms and conditions contained herein.

Pledged Property. (a) Company hereby pledges to the Secured Party, and creates in the Secured Party for its benefit, a security interest, from interest for such time until the date hereof through an Expiration EventObligations are paid in full, in and to all of the property of the Company as set forth in EXHIBIT Exhibit "A" attached hereto (collectively, the ----------- "PLEDGED PROPERTYPledged Property"): ----------------- The Pledged Property, as set forth in EXHIBIT Exhibit "A" attached ----------- hereto, and the products thereof and the proceeds of all such items are hereinafter collectively referred to as the "PLEDGED COLLATERALPledged Collateral."" ------------------ (b) Simultaneously with the execution and delivery of this Agreement, the Company shall make, execute, acknowledge, file, record and deliver to the Secured Party any documents reasonably requested by the Secured Party to perfect its security interest in the Pledged Property. Simultaneously with the execution and delivery of this Agreement, the Company shall make, execute, acknowledge and deliver to the Secured Party such documents and instruments, including, without limitation, financing statements, certificates, affidavits and forms as may, in the Secured Party's reasonable judgment, be necessary to effectuate, complete or perfect, or to continue and preserve, the security interest of the Secured Party in the Pledged Property, and the Secured Party shall hold such documents and instruments as secured party, subject to the terms and conditions contained herein.

Pledged Property. (a) Company hereby pledges to the Secured Party, and creates in the Secured Party for its benefit, a first position security interest, from the date hereof through an Expiration Event, in and to all of the property of the Company as set forth in EXHIBIT "A" attached hereto (collectively, the "PLEDGED PROPERTY"): The Pledged Property, as set forth in EXHIBIT "A" attached hereto, and the products thereof and the proceeds of all such items are hereinafter collectively referred to as the "PLEDGED COLLATERAL." (b) Simultaneously with the execution and delivery of this Agreement, the Company shall make, execute, acknowledge, file, record and deliver to the Secured Party any documents reasonably requested by the Secured Party to perfect its security interest in the Pledged Property. Simultaneously with the execution and delivery of this Agreement, the Company shall make, execute, acknowledge and deliver to the Secured Party such documents and instruments, including, without limitation, financing statements, certificates, affidavits and forms as may, in the Secured Party's reasonable judgment, be necessary to effectuate, complete or perfect, or to continue and preserve, the security interest of the Secured Party in the Pledged Property, and the Secured Party shall hold such documents and instruments as secured party, subject to the terms and conditions contained herein.

Pledged Property. (a) Company hereby pledges to the Secured Party, and creates in the Secured Party for its benefit, a security interest, from interest for such time until the date hereof through an Expiration EventObligations are paid in full, in and to all of the property of the Company as set forth in EXHIBIT Exhibit "A" attached hereto (collectively, the "PLEDGED PROPERTYPledged Property"): ---------- ---------------- The Pledged Property, as set forth in EXHIBIT Exhibit "A" attached hereto, and the ---------- products thereof and the proceeds of all such items are hereinafter collectively referred to as the "PLEDGED COLLATERALPledged Collateral."" ------------------ (b) Simultaneously with the execution and delivery of this Agreement, the Company shall make, execute, acknowledge, file, record and deliver to the Secured Party any documents reasonably requested by the Secured Party to perfect its security interest in the Pledged Property. Simultaneously with the execution and delivery of this Agreement, the Company shall make, execute, acknowledge and deliver to the Secured Party such documents and instruments, including, without limitation, financing statements, certificates, affidavits and forms as may, in the Secured Party's reasonable judgment, be necessary to effectuate, complete or perfect, or to continue and preserve, the security interest of the Secured Party in the Pledged Property, and the Secured Party shall hold such documents and instruments as secured party, subject to the terms and conditions contained herein.