Common use of Pledge; Security Interest Clause in Contracts

Pledge; Security Interest. (a) The Pledgor hereby grants an unconditional and irrevocable first priority pledge and security interest (the “Security Interest”) to the Pledgee for the benefit of the Secured Parties in and to its Pledged Equity Interest as collateral security for the due and timely payment, performance and satisfaction when due (whether at stated maturity, by acceleration or otherwise) of any and all of the Secured Obligations. (b) For purposes of perfecting the Security Interest over the Pledged Equity Interest pursuant to paragraph III of Article 334 of the Law, the Pledgor hereby delivers to the Pledgee (i) an executed original of this Agreement and (ii) a copy of the entry made in the partners registry book of the Company, duly certified by an authorized officer or attorney-in-fact of the Company, evidencing that, on the date hereof, the Security Interest in and to the Pledged Equity Interest has been duly recorded in the partners registry book of the Company. (c) In accordance with Article 337 of the Law, the Pledgor and the Pledgee agree that this Agreement shall serve as receipt (resguardo) by the Pledgee of the Pledged Equity Interest. (d) The parties hereby agree that in the event that the Pledged Equity Interest is exchanged by the Company for a new equity interest representing the corporate capital of the Pledgor in the Company, the Pledgor and the Pledgee, if required, shall execute and deliver any document that is necessary and provided to the Pledgee in order to maintain the Security Interest, substantially in the form and substance to this Agreement, at the sole expense of the Pledgor.

Pledge; Security Interest. (a) The In accordance with Title II, Chapter IV, Section VII (Título II, Capítulo IV, Sección VII) of the Law, the Pledgor hereby grants an unconditional and irrevocable first priority floating lien pledge (prenda sin transmisión de posesión) and security interest (the “Security Interest”) to the Pledgee Pledgee, for the benefit of the Secured Parties Parties, in and to its the Pledged Equity Interest Assets now or hereafter owned or acquired by the Pledgor or in which the Pledgor now or hereafter has or acquires any right or interest, wherever located and with everything that corresponds thereto by law or in fact, as collateral security for the due and timely payment, performance and satisfaction when due (whether at stated maturity, by acceleration or otherwise) of any and all of the Secured Obligations. (b) For purposes of perfecting the Security Interest over the Pledged Equity Interest Assets pursuant to paragraph III of Article 334 366 of the Law, the Pledgor hereby delivers to the Pledgee (i) an executed original of this Agreement covenants and (ii) a copy of the entry made in the partners registry book of the Company, duly certified by an authorized officer or attorney-in-fact of the Company, evidencing agrees that, on the date hereofof this Agreement, it shall (i) through a Mexican notary public (notario público), file this Agreement for registration in the Security Interest in Mexican Registro Único de Garantías Mobiliarias (“RUG”) and (ii) provide to the Pledged Equity Interest Pledgee the ▇▇▇▇ of registration (boleta) evidencing that this Agreement has been duly recorded in the partners registry book of the Company. (c) In accordance with Article 337 of the LawRUG. For such purposes, the Pledgor and the Pledgee agree hereby instruct the notary public before which this Agreement is hereby ratified to carry out any and all activities that may be necessary to obtain the registration of this Agreement in the RUG on the date hereof. (c) The Pledgor hereby agrees to file this Agreement for registration before the Mexican Institute of Intellectual Property in the files of any Intellectual Property owned by the Pledgor on the date hereof and to provide evidence to the Pledgee that this Agreement shall serve as receipt has been duly recorded therein within 60 (resguardosixty) by Business Days following the Pledgee of the Pledged Equity Interest. (d) The parties hereby agree that in the event that the Pledged Equity Interest is exchanged by the Company for a new equity interest representing the corporate capital of date hereof. In addition, when the Pledgor in the Companyacquires any other Intellectual Property, the Pledgor hereby agrees to file this Agreement for registration in the corresponding file before the Mexican Institute of Intellectual Property and the Pledgee, if required, shall execute and deliver any document that is necessary and provided to provide evidence to the Pledgee in order to maintain that this Agreement has been duly recorded therein within a period of 60 (sixty) Business Days from the Security Interest, substantially in the form and substance to this Agreement, at the sole expense of the Pledgordate on which such event occurs.