Common use of Additional Pledged Collateral Clause in Contracts

Additional Pledged Collateral. With respect to any new Guarantor created or acquired after the Amendment Effective Date by the Borrowers or any of their Affiliates, within a reasonable time, not to exceed twenty (20) days, following the delivery of any guaranty required pursuant to SECTION 6.16(c), the Borrowers or their Affiliates, as applicable, shall execute and deliver to the Collateral Agent such amendment to the Borrower Pledge Agreement as the Collateral Agent deems reasonably necessary or desirable to grant to the Collateral Agent, for the benefit of the Lender Group, a perfected first priority security interest in the Stock or other equity interest of such new Guarantor in accordance with the Borrower Pledge Agreement and deliver to the Collateral Agent the certificates representing such Stock or equity interests, together with undated stock powers, in blank, executed and delivered by a duly authorized officer of the Borrowers or their respective Affiliates, as applicable..

Additional Pledged Collateral. With respect to any new Guarantor created or acquired after the Fifth Amendment Effective Date by the Borrowers or any of their Affiliates, within a reasonable time, not to exceed twenty (20) days, following the delivery of any guaranty required pursuant to SECTION Section 6.16(c), the Borrowers or their Affiliates, as applicable, shall execute and deliver to the Collateral Agent such amendment to the Borrower Pledge Agreement as the Collateral Agent deems reasonably necessary or desirable to grant to the Collateral Agent, for the benefit of the Lender Group, a perfected first priority security interest in the Stock or other equity interest of such new Guarantor in accordance with the Borrower Pledge Agreement and deliver to the Collateral Agent the certificates representing such Stock or equity interests, together with undated stock powers, in blank, executed and delivered by a duly authorized officer of the Borrowers or their respective Affiliates, as applicable...

Additional Pledged Collateral. With respect to any new Guarantor created or acquired after the Amendment Effective Closing Date by the Borrowers or any of their Affiliates, within a reasonable time, not to exceed twenty (20) days, following the delivery of any guaranty required pursuant to SECTION 6.16(c), the Borrowers or their Affiliates, as applicable, shall execute and deliver to the Collateral Agent such amendment to the Borrower Borrowers Pledge Agreement as the Collateral Agent deems reasonably necessary or desirable to grant to the Collateral Agent, for the benefit of the Lender Group, a perfected first priority security interest in the Stock or other equity interest of such new Guarantor in accordance with the Borrower Borrowers Pledge Agreement and deliver to the Collateral Agent the certificates representing such Stock or equity interests, together with undated stock powers, in blank, executed and delivered by a duly authorized officer of the Borrowers or their respective Affiliates, as applicable...