Common use of Share Pledge Clause in Contracts

Share Pledge. On the earlier of the date of the First Advance, (if applicable) and the Closing Date, Seller shall execute and deliver to Texstar, the Share Pledge and any other documentation required to be executed and delivered under the terms and conditions of the Share Pledge, as security for the payment of any principal and interest owing to Texstar under the Promissory Notes (if applicable).