Common use of Pledge of New Subsidiary Stock Clause in Contracts

Pledge of New Subsidiary Stock. Borrower agrees to pledge, or to cause its Subsidiaries to pledge, (i) all of the Capital Stock of each New Domestic Subsidiary and (ii) 65% of all Capital Stock of each new Foreign Subsidiary owned directly by Borrower or any Domestic Subsidiary established or created to Collateral Agent for the benefit of the Secured Creditors pursuant to the Pledge Agreement.

Pledge of New Subsidiary Stock. Holdings and Borrower agrees agree to pledge, or to cause its their Subsidiaries to pledge, (i) all of the Capital Stock of each New new Domestic Subsidiary and (ii) 65% of all Capital Stock of each new Foreign Subsidiary owned directly by Borrower or any Domestic Subsidiary established or created to Collateral Agent for the benefit of the Secured Creditors pursuant to the Pledge Agreement.

Pledge of New Subsidiary Stock. Holdings and Borrower agrees agree to pledge, or to cause its their Subsidiaries to pledge, (i) all of the Capital Stock of each New new Domestic Subsidiary and (ii) 65% of all Capital Stock of each new direct Foreign Subsidiary owned directly by Borrower or any Domestic Subsidiary established or created to Collateral Agent for the benefit of the Secured Creditors pursuant to the Pledge Agreement.

Pledge of New Subsidiary Stock. Borrower agrees to pledge, or to cause its Subsidiaries to pledge, Pledge (i) all of the Capital Stock capital stock of each New new Domestic Subsidiary and (ii) 65% of all Capital Stock capital stock of each new Foreign Subsidiary owned directly by Borrower or any Domestic Subsidiary established or created to Collateral Agent for the benefit of the Secured Creditors pursuant to the Pledge Agreement.

Pledge of New Subsidiary Stock. Borrower agrees Holdings and Borrowers agree to pledge, or to cause its their Subsidiaries to pledge, (i) all of the Capital Stock of each New new Domestic Subsidiary and (ii) 65% of all Capital Stock of each new direct Foreign Subsidiary owned directly by Borrower or any Domestic Subsidiary established or created to Collateral Agent for the benefit of the Secured Creditors pursuant to the Pledge Agreement.

Pledge of New Subsidiary Stock. Borrower agrees to pledge, or to cause its Subsidiaries to pledge, pledge (i) all of the Capital Stock capital stock of each New new Domestic Subsidiary and (ii) 65% of all Capital Stock capital stock of each new Foreign Subsidiary owned directly by Borrower or any Domestic Subsidiary established or created to Collateral Agent for the benefit of the Secured Creditors Lenders pursuant to the Pledge Agreement.