Initial Pledge Date Clause Samples
Initial Pledge Date. On the date hereof, the Pledgor shall deliver to the Collateral Agent in pledge hereunder Eligible Collateral (as defined below) consisting of 4,560,500 DSW Class B Common Shares (the “Firm Share Base Amount”), in the manner provided in Section 6(d).
Initial Pledge Date. On the first Closing Date (as defined in the Purchase Agreement), the Pledgor shall deliver to the Collateral Agent in pledge hereunder 9,349,999 VIP Shares, in the manner provided in Section 6(b).
Initial Pledge Date. On the date hereof, the Pledgor shall deliver to the Collateral Agent in pledge hereunder 5,120,000 VIP Shares, in the manner provided in Section 6(b). The parties hereto expressly agree that all rights, assets and property (including, without limitation, cash) at any time held in or credited to the Collateral Account shall be treated as financial assets (as defined in Section 8-102 of the UCC).