Common use of Continuous Pledge Clause in Contracts

Continuous Pledge. Each Grantor will (subject to the terms of the Credit Agreement and this Security Agreement) at all times keep pledged to the Administrative Agent pursuant hereto, on a first-priority (subject to Permitted Liens) and perfected basis all (i) Pledged Property, (ii) Investment Property, (iii) all Dividends and Distributions with respect thereto, (iv) all Payment Intangibles to the extent they are evidenced by a Document, Instrument, promissory note or Chattel Paper with a value in excess of $250,000, and (v) all interest and principal with respect to such Payment Intangibles, and all Proceeds and rights from time to time received by or distributable to such Grantor in respect of any of the foregoing Collateral. Each Grantor agrees that it will, promptly (but in any event no later than ten (10) Business Days) following receipt thereof, deliver to the Administrative Agent possession of all originals of all (i) Pledged Notes, (ii) certificates representing Pledged Interests, Pledged Shares, and any other Pledged Property (including, without limitation, the Certificated Securities), and (iii) Documents, Instruments, promissory notes and Chattel Paper with a value in excess of $250,000, in each case, that it acquires following the Closing Date and shall deliver to the Administrative Agent a supplement to Schedule I identifying any such new Pledged Interests, Pledged Shares, Pledged Notes or other Pledged Property.

Continuous Pledge. Each Grantor will (subject to the terms of the Credit Agreement Note) deliver to the Lender, and this Security Agreement) at all times keep pledged to the Administrative Agent Lender pursuant hereto, on a firstsecond-priority (subject to Permitted Liens) and priority, perfected basis all (i) Pledged Property, (ii) Investment Property, (iii) all Dividends dividends and Distributions with respect thereto, (iv) all Payment Intangibles payment intangibles to the extent they are evidenced by a Document, Instrument, promissory note or Chattel Paper with a value in excess of $250,000Paper, and (v) all interest and principal with respect to such Payment Intangiblespayment intangibles, and all Proceeds and rights from time to time received by or distributable to such Grantor in respect of any of the foregoing Collateral. Each Grantor agrees that it will, promptly (but in any event no later than ten (10) seven Business Days) following receipt thereof, deliver to the Administrative Agent Lender possession of all originals of all (i) Pledged Notes, (ii) certificates representing Pledged Interests, Pledged Shares, Pledged Notes and any other Pledged Property (includingProperty, without limitation, the Certificated Securities), and (iii) negotiable Documents, Instruments, promissory notes and Chattel Paper with a value in excess of $250,000, in each case, that it acquires following the Closing Date date hereof and shall deliver to the Administrative Agent Lender a supplement to Schedule I identifying any such new Pledged Interests, Pledged Shares, Pledged Notes or other Pledged Property.

Continuous Pledge. Each Grantor will (subject to the terms of the First Lien Credit Agreement and this Security Agreement) deliver to the Administrative Agent and at all times keep pledged to the Administrative Agent pursuant hereto, on a first-priority (subject to Permitted Liens) and priority, perfected basis all (i) Pledged Property, (ii) Investment Property, (iii) all Dividends and Distributions with respect thereto, (iv) all Payment Intangibles to the extent they are evidenced by a Document, Instrument, promissory note Promissory Note or Chattel Paper with a value in excess Paper, and, from and after an Event of $250,000Default while it is continuing, and (v) all interest and principal with respect to such Payment Intangibles, and all Proceeds and rights from time to time received by or distributable to such Grantor in respect of any of the foregoing Collateral. Each Grantor agrees that it will, promptly (but in any event no later than ten (10) seven Business Days) following receipt thereof, deliver to the Administrative Agent possession of all originals of all (i) Pledged Notes, (ii) certificates representing Pledged Interests, Pledged Shares, Pledged Notes and any other Pledged Property (includingProperty, without limitation, the Certificated Securities), and (iii) negotiable Documents, Instruments, promissory notes Promissory Notes and Chattel Paper with a value in excess of $250,000, in each case, that it acquires following the Closing Effective Date and shall deliver to the Administrative Agent a supplement to Schedule I identifying any such new Pledged Interests, Pledged Shares, Pledged Notes or other Pledged Property.

Continuous Pledge. Each Grantor will (subject to the terms of the Credit Agreement and this Security Agreement) deliver to the Administrative Agent and at all times keep pledged to the Administrative Agent pursuant hereto, on a first-priority (subject to Permitted Liens) and priority, perfected basis all (i) Pledged Property, (ii) Investment Property, (iii) all Dividends and Distributions with respect thereto, (iv) all Payment Intangibles to the extent they are evidenced by a Document, Instrument, promissory note Promissory Note or Chattel Paper with a value in excess of $250,000Paper, and (v) all interest and principal with respect to such Payment Intangibles, and all Proceeds and rights from time to time received by or distributable to such Grantor in respect of any of the foregoing Collateral. Each Grantor agrees that it will, promptly (but in any event no later than ten (10) Business Days) following receipt thereof, deliver to the Administrative Agent possession of all originals of all (i) Pledged Notes, (ii) certificates representing Pledged Interests, Pledged Shares, Pledged Notes and any other Pledged Property (includingProperty, without limitation, the Certificated Securities), and (iii) negotiable Documents, Instruments, promissory notes Promissory Notes and Chattel Paper with a value in excess of $250,000, in each case, that it acquires following the Closing Effective Date and shall deliver to the Administrative Agent a supplement to Schedule I identifying any such new Pledged Interests, Pledged Shares, Pledged Notes or other Pledged Property.

Continuous Pledge. Each Grantor will (subject to the terms of the Credit Agreement and this Security Agreement) deliver to the Administrative Agent and at all times keep pledged to the Administrative Agent pursuant hereto, on a first-priority (subject to Permitted Liens) and priority, perfected basis all (i) Pledged Property, (ii) Investment Property, (iii) all Dividends and Distributions with respect thereto, (iv) all Payment Intangibles to the extent they are evidenced by a Document, Instrument, promissory note Promissory Note or Chattel Paper with a value in excess of $250,000Paper, and (v) all interest and principal with respect to such Payment Intangibles, and all Proceeds and rights from time to time received by or distributable to such Grantor in respect of any of the foregoing Collateral. Each Grantor agrees that it will, promptly (but in any event no later than ten (10) Business Days) following receipt thereof, deliver to the Administrative Agent possession of all originals of all (i) Pledged Notes, (ii) certificates representing Pledged Interests, Pledged Shares, Pledged Notes and any other Pledged Property (includingProperty, without limitation, the Certificated Securities), and (iii) negotiable Documents, Instruments, promissory notes Promissory Notes and Chattel Paper with a value in excess of $250,000, in each case, that it acquires following the Closing Date date of this Security Agreement and shall deliver to the Administrative Agent a supplement to Schedule I identifying any such new Pledged Interests, Pledged Shares, Pledged Notes or other Pledged Property.

Continuous Pledge. Each Grantor will (subject to the terms of the Credit Agreement Indenture) deliver to the Collateral Trustee and this Security Agreement) at all times keep pledged to the Administrative Agent Collateral Trustee pursuant hereto, on a first-priority (subject to Permitted Liens) and second priority, perfected basis all (i) Pledged Property, (ii) Investment Property, (iii) all Dividends dividends and Distributions with respect thereto, (iv) all Payment Intangibles payment intangibles to the extent they are evidenced by a Document, Instrument, promissory note or Chattel Paper with a value in excess of $250,000Paper, and (v) all interest and principal with respect to such Payment Intangiblespayment intangibles, and all Proceeds and rights from time to time received by or distributable to such Grantor in respect of any of the foregoing Collateral. Each Grantor agrees that it will, promptly (but in any event no later than ten (10) seven Business Days) following receipt thereof, deliver to the Administrative Agent Collateral Trustee possession of all originals of all (i) Pledged Notes, (ii) certificates representing Pledged Interests, Pledged Shares, Pledged Notes and any other Pledged Property (includingProperty, without limitation, the Certificated Securities), and (iii) negotiable Documents, Instruments, promissory notes and Chattel Paper with a value in excess of $250,000, in each case, that it acquires following the Closing Date date hereof and shall deliver to the Administrative Agent Collateral Trustee a supplement to Schedule I identifying any such new Pledged Interests, Pledged Shares, Pledged Notes or other Pledged Property.

Continuous Pledge. Each Grantor will (subject to the terms of the Credit Agreement and this Security Agreement) deliver to the Administrative Agent and at all times keep pledged to the Administrative Agent pursuant hereto, on a first-priority (subject to Permitted Liens) and ), perfected basis all (i) Pledged Property, (ii) Investment Property, (iii) all Dividends and Distributions with respect thereto, (iv) all Payment Intangibles to the extent they are evidenced by a Document, Instrument, promissory note or Chattel Paper with a value in excess of $250,000Paper, and (v) all interest and principal with respect to such Payment Intangibles, and all Proceeds and rights from time to time received by or distributable to such Grantor in respect of any of the foregoing Collateral (other than, as to perfection, Excluded Perfection Collateral). Each Grantor agrees that it will, promptly (but in any event no later than ten thirty (1030) Business Daysdays or such longer period as the Administrative Agent may agree to) following receipt thereof, deliver to the Administrative Agent possession of all originals of all (i) Pledged Notes, Interests and Pledged Shares and (ii) certificates representing Pledged Interests, Pledged Shares, Notes and any other Pledged Property (includingProperty, without limitation, the Certificated Securities), and (iii) negotiable Documents, Instruments, promissory notes and Chattel Paper with a value evidencing amounts payable in excess of $250,000100,000 individually and $1,000,000 collectively (duly endorsed, in each caseblank, if requested by the Administrative Agent), that it acquires following the Closing Date and shall deliver to the Administrative Agent a supplement to Schedule I identifying any such new Pledged Interests, Pledged Shares, Pledged Notes or other Pledged Property.

Continuous Pledge. Each Grantor will (subject to the terms of the Credit Agreement and this Security Agreement) deliver to the Administrative Agent and at all times keep pledged to the Administrative Agent pursuant hereto, on a first-priority (subject to Permitted Liens) and priority, perfected basis all (i) Pledged Property, (ii) Investment Property, (iii) all Dividends and Distributions with respect thereto, (iv) all Payment Intangibles to the extent they are evidenced by a Document, Instrument, promissory note or Chattel Paper with a value in excess of $250,000Paper, and (v) all interest and principal with respect to such Payment Intangibles, and all Proceeds and rights from time to time received by or distributable to such Grantor in respect of any of the foregoing Collateral, in each case, to the extent the value of such Document, Instrument, promissory note (other than Pledged Notes) or Chattel Paper is in excess of $200,000. Each Grantor agrees that it will, promptly (but in any event no later than ten (10) Business Days) following receipt thereof, deliver to the Administrative Agent possession of all originals of all (i) Pledged Notes, (ii) certificates representing Pledged Interests, Pledged Shares, Pledged Notes and any other Pledged Property (includingProperty, without limitation, the Certificated Securities), and (iii) negotiable Documents, Instruments, promissory notes and Chattel Paper with a value in excess of $250,000that it acquires following the Effective Date, in each case, that it acquires following to the Closing Date extent the value any such negotiable Document, Instrument, promissory note (other than Pledged Note) or Chattel Paper exceeds $200,000 and shall deliver to the Administrative Agent a supplement to Schedule I identifying any such new Pledged Interests, Pledged Shares, Pledged Notes or other Pledged Property., which supplement shall automatically amend such Schedule I.