Stock Pledges. All Capital Stock of each of the Borrower’s Subsidiaries shall have been pledged pursuant to the Guaranty and Security Agreement, and the Collateral Agent shall have received all certificates (if any) representing such Capital Stock accompanied by instruments of transfer and undated stock powers executed in blank.
Stock Pledges. Each Indenture Obligor and each of its Obligor Subsidiaries in existence as of the Closing Date (except for any such Obligor Subsidiary which has no Subsidiaries shall pledge the Capital Stock of its Subsidiaries owned by it to secure the Indenture Obligations pro rata (and as further provided for in the Common Security and Intercreditor Agreement) and each Indenture Obligor will, and will cause each existing Subsidiary to, pledge such Capital Stock of any Subsidiary of any Indenture Obligor or such existing Obligor Subsidiary formed after the Closing Date to secure the Indenture Obligations and will execute and deliver to the Trustee and the Collateral Agent one or more agreements pledging stock substantially in the form of the Security Agreement Supplement providing for the pledge to the Collateral Agent for the benefit of the Collateral Agent and of (x) the New Tranche B Notes Indenture Trustee (for itself and the New Tranche B Notes Holders), and (y) the Trustee (for itself and the Holders of the Securities) of all the Capital Stock of such newly formed Subsidiary held by such Indenture Obligor or such existing Obligor Subsidiary, as the case maybe, and deliver to the Collateral Agent stock certificates evidencing such Capital Stock (together with undated stock powers executed in blank), which Capital Stock and stock powers will become "Collateral" for purposes of the Security Documents. This Section 1017 shall apply mutatis mutandis to any such newly formed Subsidiary.
Stock Pledges. All Capital Stock of each of Spark’s Subsidiaries required to be pledged hereunder shall have been pledged pursuant to a Guaranty and Security Agreement, the Limited Guaranty and Pledge Agreement (or as the case may be from time to time, any English Security Documents, or in the case of any German Loan Party, the German Security Documents), and the Collateral Agent shall have received all certificates (if any) representing such Capital Stock accompanied by instruments of transfer and undated stock powers or stock transfer forms (as applicable) executed in blank.
Stock Pledges. Promptly upon the consummation of the Acquisition of a Management Company or the formation of any new Subsidiary, execute and deliver or cause to be executed and delivered to the Administrative Agent a Pledge Agreement Supplement with respect to the pledge of the Capital Stock of such Management Company or new Subsidiary, held, directly by the Borrower or by any wholly owned Subsidiary of the Borrower, in form and substance reasonably satisfactory to the Administrative Agent, together with evidence in form and substance reasonably satisfactory to the Administrative Agent that all deliveries, filings, recordings, registrations and other actions, including, without limitation, the delivery of any certificates representing such Capital Stock, together, in the case of stock certificates, with an undated transfer power, in form and substance reasonably satisfactory to the Administrative Agent, for each such certificate executed in blank by a duly authorized officer of the pledgor thereof, and the filing of duly executed financing statements on form UCC-1, necessary or, in the opinion of the Administrative Agent, desirable to perfect the Liens created by such Pledge Agreement Supplement shall have been completed.
Stock Pledges. Promptly upon the consummation of the Acquisition of an Investment Firm or the formation of any new Subsidiary, execute and deliver or cause to be executed and delivered to the Administrative Agent a Pledge Agreement Supplement with respect to the pledge of the Capital Stock of such Investment Firm or new Subsidiary, held directly or indirectly (through a wholly-owned Subsidiary) by the Borrower, in form and substance reasonably satisfactory to the Administrative Agent, together with evidence in form and substance reasonably satisfactory to the Administrative Agent that all deliveries, filings, recordings, registrations and other actions, including the delivery of any certificates representing such Capital Stock, together, in the case of stock certificates, with an undated transfer power, in form and substance reasonably satisfactory to the Administrative Agent, for each such certificate executed in blank by a duly authorized officer of the pledgor thereof, and the filing of duly executed financing statements on form UCC-1, necessary or, in the opinion of the Administrative Agent, desirable to perfect the Liens created by such Pledge Agreement Supplement shall have been completed. Notwithstanding the foregoing, neither the Borrower nor any Subsidiary shall be required to pledge to the Administrative Agent more than 65% of the Capital Stock of any foreign Subsidiary.
Stock Pledges. If at any time, pursuant to the terms and conditions of the Bank Credit Agreement, the Company or any existing or newly acquired or formed Subsidiary shall pledge, grant, assign or convey to the Banks, or any one or more of them, a Lien on the STERIS CORPORATION NOTE PURCHASE AGREEMENT stock of any foreign Subsidiary, the Company or such Subsidiary shall execute and concurrently deliver to the Collateral Agent for the benefit of the holders of the Notes a stock pledge in substantially the same form as delivered to the Banks, or any one or more of them, or the lien granted for the benefit of the Banks shall also be for the benefit of the holders of the Notes and the Company shall deliver, or shall cause to be delivered, to the holders of the Notes (a) all such certificates, resolutions, legal opinions and other related items in substantially the same forms as those delivered to and accepted by the Banks and (b) all such amendments to this Agreement, the Intercreditor Agreement and the Collateral Documents as may reasonably be deemed necessary by the holders of the Notes in order to reflect the existence of such Lien on the shares of foreign Subsidiary stock and the Company’s compliance with the requirements of Section 9.6 with respect to any such stock pledge granted to or for the benefit of the holders of the Notes and to or for the benefit of the Banks.
Stock Pledges. The Loan Parties shall have delivered to Administrative Agent pursuant to each Collateral Security Agreement the stock certificates (which certificates shall be accompanied by irrevocable undated stock powers duly endorsed in blank and irrevocable proxies, all satisfactory in form and substance to Administrative Agent), certificated partnership interests, certificated limited liability company membership interests, promissory notes and other instruments, (in each case duly endorsed to the order of Administrative Agent, as Agent for Lenders, as secured party), representing the capital stock, partnership interests, limited liability company membership interests, promissory notes and other instruments to be pledged on the Closing Date pursuant to the Collateral Security Agreements.
Stock Pledges. Fail to execute and deliver to Lender a Stock Pledge Agreement in the form of Exhibit D hereto (and comply with the perfection requirements contained therein) with respect to the Equity Securities of any Person acquired by Lender if such Person is not merged with and into Borrower within thirty (30) days after the date of closing of the acquisition.
Stock Pledges. On or before October 1, 2013, Borrower shall have delivered to Bank documentation in form and substance satisfactory to Bank, including amendments or acknowledgments to existing pledge agreements, evidencing Borrower’s pledge of 65% of its equity ownership interests in each of Standard Components de Mexico SA de C.V., Ablemex, and Digital Appliance Controls de Mexico, S.A. de C.V. (“DAC”) in Mexico, Wujiang SigmaTron Electronics Co., Ltd. in The People’s Republic of China, and Spitfire Controls (Cayman) Co. Ltd. in the Cayman Islands (“Cayman”). To the extent applicable, Borrower shall also provide evidence satisfactory to Bank that the necessary approvals have been obtained and registration of such documentation has occurred in each jurisdiction. After the date hereof, upon Bank’s request, in its sole discretion, Borrower shall promptly deliver to Bank any and all confirmations, affirmations, re-affirmations, acknowledgements and such other documents, as appropriate, evidencing and/or affirming the pledge agreements delivered pursuant to this Section 4.12 and the pledge of the equity ownership interests thereunder.
Stock Pledges. Concurrently, STEL shall execute and deliver a Stock Pledge Agreement, on GBC's standard form, with respect to all of the outstanding stock of USCI, Long Distance, North American and Unitex. Concurrently, USCI shall execute and deliver a Stock Pledge Agreement, on GBC's standard form, with respect to all of the outstanding stock of Southwest. Borrower shall cause all stock owned by a Borrower in any Future Subsidiary to be pledged to GBC pursuant to a Stock Pledge Agreement, on GBC's standard form, simultaneously with, or within 10 Business Days after the formation or acquisition of the Future Subsidiary. Borrower shall cause all Stock Pledge Agreements referred to in this Section 7(4) to continue in full force and effect so long as any Obligations are outstanding and throughout the term of this Agreement. Borrower: GBC: SA TELECOMMUNICATIONS, INC. GREYROCK BUSINESS CREDIT, a Division of NationsCredit Commercial Corporation By J. Xxxxx Xxxxxxx By /s/ Xxx Xxxxxxxxx --------------------------------- --------------------------------- Vice President-Finance Title Chief Operating Officer Borrower: Borrower: U.S. COMMUNICATIONS, INC. LONG DISTANCE NETWORK, INC. By /s/ J. Xxxxx Xxxxxxx By /s/ J. Xxxxx Xxxxxxx --------------------------------- --------------------------------- Vice President Vice President GREYROCK BUSINESS CREDIT SCHEDULE TO LOAN AND SECURITY AGREEMENT Borrower: SOUTHWEST LONG DISTANCE NETWORK, INC. By /s/ J. Xxxxx Xxxxxxx --------------------------------- Vice President EXHIBIT A EXISTING LIENS THOSE SHOWN ON THE FOLLOWING UCC SEARCHES EXHIBIT B MATERIAL ADVERSE LITIGATION
