Common use of Pledgor’s Authority Clause in Contracts

Pledgor’s Authority. Except as may be required by applicable foreign Laws affecting the pledge of Equity Interests of Foreign Subsidiaries, no authorization, approval or action by, and no notice or filing with any Governmental Authority or with the issuer of any Pledged Collateral is required either (i) for the pledge made by such Pledgor or for the granting of the security interest by such Pledgor pursuant to this Pledge Agreement (except as have been already obtained) or (ii) for the exercise by the Administrative Agent or the holders of the Secured Obligations of their rights and remedies hereunder (except as may be required by the UCC or Laws affecting the offering and sale of securities).

Pledgor’s Authority. Except as may be required by applicable foreign Laws laws affecting the pledge of Equity Interests Capital Stock of Foreign Subsidiaries, no authorization, approval or action by, and no notice or filing with any Governmental Authority or with the issuer of any Pledged Collateral Shares is required either (i) for the pledge made by such Pledgor or for the granting of the security interest by such Pledgor pursuant to this Domestic Pledge Agreement (except as have been already obtained) or (ii) for the exercise by the Administrative Agent or the holders of the Secured Obligations of their rights and remedies hereunder (except as may be required by the UCC or Laws laws affecting the offering and sale of securities).

Pledgor’s Authority. Except as may be required by applicable foreign Laws laws affecting the pledge of Equity Interests Capital Stock of Foreign Subsidiaries, no authorization, approval or action by, and no notice or filing with any Governmental Authority or with the issuer of any Pledged Collateral Shares is required either (i) for the pledge made by such Pledgor or for the granting of the security interest by such Pledgor pursuant to this Domestic Pledge Agreement (except as have been already obtained) or (ii) for the exercise by the Administrative Collateral Agent or the holders of the Secured Obligations of their rights and remedies hereunder (except as may be required by the UCC or Laws laws affecting the offering and sale of securities).