Common use of To Pledgor Clause in Contracts

To Pledgor. after receipt by Escrow Agent of (i) written notice purportedly signed by the President of the Pledgor subsequent to November 15, 2008 that there is no pending and/or unsatisfied Event of Default as defined in the Pledge Agreement, and (ii) evidence that Secured Party received a copy of such notice prior to or simultaneously with receipt thereof by Escrow Agent, unless the Secured Party, on or before ten (10) days after receipt of such letter, delivers to Escrow Agent a written notice contesting the issue of whether there exists a pending and/or unsatisfied Event of Default.