Common use of Additional Pledges Clause in Contracts

Additional Pledges. If on or after the Issue Date, Holdings, Intermediate Holdco, the Issuers or any of their Subsidiaries pledges property or assets to secure obligations under the Credit Agreement (other than pursuant to the Collateral Documents or as contemplated by the Credit Agreement in effect on the date hereof), then such property or assets shall also secure the Senior Notes. In the event that no Credit Facility is outstanding and in effect, promptly (and in any event within twenty (20) Business Days) after the creation or acquisition by Holdings of a new Subsidiary that becomes a Guarantor pursuant to Section 4.13, such Issuer shall cause such Subsidiary to become a party to the Collateral Documents or executive documents 50 substantially similar to the Collateral Documents, and the Issuer or Guarantor that is such new Guarantor's direct parent company shall execute such agreement or other document reasonably satisfactory to the Trustee and pursuant to which all the Equity Interests of such new Guarantor shall be pledged to the Trustee (for the benefit of the Holders) to secure the Senior Note Obligations and such other related documents as the Trustee may request, all in form and substance reasonably satisfactory to the Trustee.

Additional Pledges. If on or after the Issue Date, Holdings, Primary Intermediate Holdco, Secondary Intermediate Holdco, the Issuers or any of their Subsidiaries pledges property or assets to secure obligations under the Credit Agreement (other than pursuant to the Collateral Documents or as contemplated by the Credit Agreement in effect on the date hereof), then such property or assets shall also secure the Senior Notes. In the event that no Credit Facility is outstanding and in effect, promptly (and in any event within twenty (20) Business Days) after the creation or acquisition by Holdings of a new Subsidiary that becomes a Guarantor pursuant to Section 4.13, such Issuer shall cause such Subsidiary to become a party to the Collateral Documents or executive documents 50 substantially similar to the Collateral Documents, and the Issuer or Guarantor that is such new Guarantor's direct parent company shall execute such agreement or other document reasonably satisfactory to the Trustee and pursuant to which all the Equity Interests of such new Guarantor shall be pledged to the Trustee (for the benefit of the Holders) to secure the Senior Note Obligations and such other related documents as the Trustee may request, all in form and substance reasonably satisfactory to the Trustee.

Additional Pledges. If on or after the Issue Date, Holdings, Primary Intermediate Holdco, Secondary Intermediate Holdco, the Issuers or any of their Subsidiaries pledges property or assets to secure obligations under the Credit Agreement (other than pursuant to the Collateral Documents or as contemplated by the Credit Agreement in effect on the date hereof), then such property or assets shall also secure the Senior Notes. In the event that no Credit Facility is outstanding and in effect, promptly (and in any event within twenty (20) Business Days) after the creation or acquisition by Holdings of a new Subsidiary that becomes a Guarantor pursuant to Section 4.13, such Issuer shall cause such Subsidiary to become a party to the Collateral Documents or executive documents 50 substantially similar to the Collateral Documents, and the Issuer or Guarantor that is such new Guarantor's ’s direct parent company shall execute such agreement or other document reasonably satisfactory to the Trustee and pursuant to which all the Equity Interests of such new Guarantor shall be pledged to the Trustee (for the benefit of the Holders) to secure the Senior Note Obligations and such other related documents as the Trustee may request, all in form and substance reasonably satisfactory to the Trustee.