Additional Junior Obligations Sample Clauses

Additional Junior Obligations. This Agreement is made by the Pledgor for the benefit of the Collateral Agent, acting for the benefit of the New Junior Secured Debt Holders, if any, (as more particularly described in Section 3.2), to secure the full and prompt payment when due (whether at stated maturity, by acceleration or otherwise) of all New Junior Secured Obligations; provided, however, that the pledge made and security interest granted in Section 3.1 and any other provisions of this Agreement shall be effective as to any obligations in respect of any New Junior Secured Debt Documents only if the New Junior Secured Debt Holders or the New Junior Secured Debt Representative shall have executed and delivered to the Collateral Agent a counterpart of this Agreement or an acknowledgment to this Agreement acknowledged by the Collateral Agent in the form attached hereto as Exhibit 1.