Common use of Pledged Notes Clause in Contracts

Pledged Notes. Such Pledgor shall, on the date of this Agreement (or on such later date upon which it becomes a party hereto pursuant to Section 9.15), deliver to the Agent or the applicable Collateral Representative, as applicable, in accordance with the applicable Acceptable Intercreditor Agreement, all Pledged Notes then held by such Pledgor (excluding any Pledged Note the principal amount of which does not exceed $10,000,000), endorsed in blank or, at the request of the Agent, endorsed to the Agent. Furthermore, within ten Business Days after any Pledgor obtains a Pledged Note with a principal amount in excess of $10,000,000, such Pledgor shall cause such Pledged Note to be delivered to the Agent or the applicable Collateral Representative, as applicable, in accordance with the applicable Acceptable Intercreditor Agreement, endorsed in blank or, at the request of the Agent or the applicable Collateral Representative, as applicable, in accordance with the applicable Acceptable Intercreditor Agreement, endorsed to the Agent or the applicable Collateral Representative, as applicable, in accordance with the applicable Acceptable Intercreditor Agreement.

Appears in 4 contracts

Sources: Canadian Guarantee and Collateral Agreement (Herc Holdings Inc), Canadian Guarantee and Collateral Agreement (Herc Holdings Inc), Guarantee and Collateral Agreement (Herc Holdings Inc)

Pledged Notes. Such Pledgor shall, on the date of this Agreement (or on such later date upon which it becomes a party hereto pursuant to Section 9.15), deliver to the Agent or the applicable Collateral Representative, as applicable, in accordance with the applicable Acceptable Intercreditor Agreement, all Pledged Notes then held by such Pledgor (excluding any Pledged Note the principal amount of which does not exceed $10,000,0005,000,000), endorsed in blank or, at the request of the Agent, endorsed to the Agent. Furthermore, within ten Business Days after any Pledgor obtains a Pledged Note with a principal amount in excess of $10,000,0005,000,000, such Pledgor shall cause such Pledged Note to be delivered to the Agent or the applicable Collateral Representative, as applicable, in accordance with the applicable Acceptable Intercreditor Agreement, endorsed in blank or, at the request of the Agent or the applicable Collateral Representative, as applicable, in accordance with the applicable Acceptable Intercreditor Agreement, endorsed to the Agent or the applicable Collateral Representative, as applicable, in accordance with the applicable Acceptable Intercreditor Agreement.

Appears in 2 contracts

Sources: Guarantee and Collateral Agreement (Herc Holdings Inc), Guarantee and Collateral Agreement (Herc Holdings Inc)

Pledged Notes. Such Pledgor shall, on the date of this Agreement (or on such later date upon which it becomes a party hereto pursuant to Section 9.15), deliver to the Collateral Agent or the applicable Collateral RepresentativeRepresentative or any Additional Agent, as applicable, in accordance with the applicable Acceptable Intercreditor Agreement, all Pledged Notes then held by such Pledgor (excluding any Pledged Note the principal amount of which does not exceed $10,000,0005,000,000), endorsed in blank or, at the request of the Collateral Agent, endorsed to the Collateral Agent. Furthermore, within ten Business Days after any Pledgor obtains a Pledged Note with a principal amount in excess of $10,000,0005,000,000, such Pledgor shall cause such Pledged Note to be delivered to the Collateral Agent or the applicable Collateral RepresentativeRepresentative or any Additional Agent, as applicable, in accordance with the applicable Acceptable Intercreditor Agreement, endorsed in blank or, at the request of the Collateral Agent or the applicable Collateral RepresentativeRepresentative or any Additional Agent, as applicable, in accordance with the applicable Acceptable Intercreditor Agreement, endorsed to the Collateral Agent or the applicable Collateral RepresentativeRepresentative or any Additional Agent, as applicable, in accordance with the applicable Acceptable Intercreditor Agreement.

Appears in 2 contracts

Sources: u.s. Guarantee and Collateral Agreement, Guarantee and Collateral Agreement (Herc Holdings Inc)

Pledged Notes. Such Pledgor shall, on the date of this Agreement (or on such later date upon which it becomes a party hereto pursuant to Section subsection 9.15), deliver to the Collateral Agent or the applicable ABL Collateral RepresentativeAgent, as applicable, in accordance with the applicable Acceptable Intercreditor Agreement, all Pledged Notes then held by such Pledgor (excluding any Pledged Note the principal amount of which does not exceed $10,000,0003,500,000), endorsed in blank or, at the request of the Collateral Agent, endorsed to the Collateral Agent. Furthermore, within ten Business Days after any Pledgor obtains a Pledged Note with a principal amount in excess of $10,000,0005,000,000, such Pledgor shall cause such Pledged Note to be delivered to the Collateral Agent or the applicable ABL Collateral RepresentativeAgent, as applicable, in accordance with the applicable Acceptable Intercreditor Agreement, endorsed in blank or, at the request of the Collateral Agent or the applicable ABL Collateral RepresentativeAgent, as applicable, in accordance with the applicable Acceptable Intercreditor Agreement, endorsed to the Collateral Agent or the applicable ABL Collateral RepresentativeAgent, as applicable, in accordance with the applicable Acceptable Intercreditor Agreement.

Appears in 1 contract

Sources: Guarantee and Collateral Agreement (Hertz Corp)