Common use of Pledged Indebtedness Clause in Contracts

Pledged Indebtedness. All Pledged Indebtedness owed by any Affiliate of the Obligors shall be on open account and shall not be evidenced by any note or other instrument; provided, however, that all Pledged Indebtedness owed by any Obligor shall, if the Agent requests, be evidenced by a promissory note, which note shall be delivered to the Agent after having been endorsed in blank. Each Obligor will, immediately upon the receipt thereof, deliver to the Agent any promissory note or similar instrument representing any Pledged Indebtedness, after having endorsed such promissory note or instrument in blank.

Pledged Indebtedness. All Pledged Indebtedness owed by -------------------- any Affiliate of the Obligors shall be on open account and shall not be evidenced by any note or other instrument; provided, however, that all -------- ------- Pledged Indebtedness owed by any Obligor shall, if the Agent requests, be evidenced by a promissory note, which note shall be delivered to the Agent after having been endorsed in blank. Each Obligor will, immediately upon the receipt thereof, deliver to the Agent any promissory note or similar instrument representing any Pledged Indebtedness, after having endorsed such promissory note or instrument in blank.

Pledged Indebtedness. All Pledged Indebtedness owed by any Affiliate of the Obligors shall be on open account and shall not be evidenced by any note or other instrument; provided, however, that all Pledged Indebtedness owed by any Obligor shall, if the Collateral Agent requests, be evidenced by a promissory note, which note shall be delivered to the Collateral Agent after having been endorsed in blank. Each Obligor will, immediately upon the receipt thereof, deliver to the Collateral Agent any promissory note or similar instrument representing any Pledged Indebtedness, after having endorsed such promissory note or instrument in blank.

Pledged Indebtedness. All Pledged Indebtedness owed by any -------------------- Affiliate of the Obligors shall be on open account and shall not be evidenced by any note or other instrument; provided, however, that all Pledged Indebtedness -------- ------- owed by any Obligor shall, if the Agent requests, be evidenced by a promissory note, which note shall be delivered to the Agent after having been endorsed in blank. Each Obligor will, immediately upon the receipt thereof, deliver to the Agent any promissory note or similar instrument representing any Pledged Indebtedness, after having endorsed such promissory note or instrument in blank.