Common use of Stock Pledges Clause in Contracts

Stock Pledges. All Capital Stock of each of Spark’s Subsidiaries required to be pledged hereunder shall have been pledged pursuant to a Guaranty and Security Agreement, the Limited Guaranty and Pledge Agreement (or as the case may be from time to time, any English Security Documents, or in the case of any German Loan Party, the German Security Documents), and the Collateral Agent shall have received all certificates (if any) representing such Capital Stock accompanied by instruments of transfer and undated stock powers or stock transfer forms (as applicable) executed in blank.

Appears in 3 contracts

Sources: Loan Agreement (Spark Networks SE), Loan Agreement (Spark Networks SE), Loan Agreement (Spark Networks SE)