Common use of Pledgor’s Authority Clause in Contracts

Pledgor’s Authority. No authorization, approval or action by, and no notice or filing with any Governmental Authority, the Company or third party is required (except such that have been duly obtained, made or given, or will be duly obtained, made or given prior to or contemporaneously with the granting of the security interest hereunder, and are in full force and effect) either (i) for the pledge made by the Pledgor or for the granting of the security interest by the Pledgor pursuant to this Pledge Agreement or (ii) for the exercise by the Agent or the Lenders of their rights and remedies hereunder (except as may be required by laws affecting the offering and sale of securities).

Pledgor’s Authority. No authorization, approval or action by, and no notice or filing with any Governmental Authority, the Company issuer of any Pledged Capital Stock or third party is required (except such that have been duly obtained, made or given, or will be duly obtained, made or given prior to or contemporaneously with the granting of the security interest hereunder, and are in full force and effect) either (i) for the pledge made by the a Pledgor or for the granting of the security interest by the a Pledgor pursuant to this Pledge Agreement or (ii) for the exercise by the Agent or the Lenders of their rights and remedies hereunder (except as may be required by laws affecting the offering and sale of securities).