Common use of Additional Pledges Clause in Contracts

Additional Pledges. Within 10 days of any Pledgor acquiring, forming or otherwise receiving after the date it becomes a party to the Pledge Agreement any additional Equity Interests in a Material Subsidiary, the Borrower shall cause to be delivered to the Administrative Agent in form and substance satisfactory to the Administrative Agent an amendment to the Pledge Agreement for the purpose of subjecting such Equity Interests to the Lien of the Pledge Agreement.