Common use of General Business Conditions Clause in Contracts

General Business Conditions. The Pledgor undertakes to use best efforts to procure that each Account Bank subordinates, as soon as possible, any existing pledge it may hold, including, but without limitation, any pledge existing by operation of its General Business Conditions (Allgemeine Geschäftsbedingungen), to the Pledges (or any of them) so that the Pledges will rank ahead of all other pledges affecting any of the Accounts.

General Business Conditions. The Pledgor undertakes to use its best efforts to procure that each Account Bank subordinates, as soon as possible, any existing pledge it may holdhold with respect to the Accounts, including, but without limitation, any pledge existing by operation of its General Business Conditions (Allgemeine GeschäftsbedingungenGeschaftsbedingungen), to the Pledges (or any of them) Pledge so that the Pledges Pledge will rank ahead of all other pledges affecting any of the Accounts.