Common use of Pledge Amendments Clause in Contracts

Pledge Amendments. To the extent any Pledged Collateral has not been delivered as of the Closing Date or upon obtaining additional Stock or Indebtedness required to be pledged to Agent pursuant to this Agreement, such Grantor shall deliver a pledge amendment duly executed by the Grantor in substantially the form of Annex 1 (each, a “Pledge Amendment”), in respect of any such Stock or Indebtedness pursuant to which such Grantor shall pledge to Agent, for the benefit of Agent and Lenders, all of such additional Stock or Indebtedness. Such Grantor authorizes Agent to attach each Pledge Amendment to this Agreement.