Common use of UNDERTAKINGS OF THE PLEDGOR Clause in Contracts

UNDERTAKINGS OF THE PLEDGOR. During the term of this Agreement, the Pledgor undertakes to the Pledgee: 7.1 upon the opening of any other account in the Federal Republic of Germany, other than an account opened for the purpose of depositing cash collateral referred to in Clause 9, to notify the Pledgee of the account details with reference to the definition of "Account" of this Agreement within 10 (ten) Business Days; and 7.2 insofar as additional documents, declarations or actions (including making all filings and negotiations) are necessary for the creation, perfection, protection or maintenance of the Pledges created (or purported to be created) hereunder (or any of them) in favour of the Pledgee or for the exercise of all rights, powers and remedies of the Security Trustee provided by or pursuant to this Agreement or by law or to facilitate the realisation of the Pledges created (or purported to be created) hereunder (or any of them), the Pledgor shall at the Security Trustee's request enter into or provide such documents, make such declarations and/or undertake such actions at the Pledgor's cost and expense.