Examples of Additional Pledgor in a sentence
Such Additional Pledgor shall be a “Pledgor” and such new transaction security documents shall be “Transaction Security Documents” for the purpose of these Terms and Conditions.
Subject to applicable local law requirements and limitations, the Issuer shall use best effort to procure that any Additional Pledgor enter into an Account Pledge Agreement within ninety (90) calendar days after such Restricted Subsidiary becomes an Additional Pledgor, and such Account Pledge Agreements shall be “Transaction Security Documents” for the purpose of these Terms and Conditions.
The Issuer shall (a) procure that any Restricted Subsidiary of the Issuer which is not a Pledgor as of the Issue Date shall enter into transaction security documents with the Security Agent substantially equivalent to the existing Transaction Security Documents (an “Additional Pledgor”) and (b) grant a pledge over the shares of such Additional Pledgor to the Security Agent, within ninety (90) calendar days after any such Restricted Subsidiary becomes or has become a Material Group Companies.
All communications and notices hereunder to each Additional Pledgor shall be given to it in care of the Borrower at the Borrower’s address set forth in Section 14.2 of the Credit Agreement.
This Agreement shall be binding upon the Additional Pledgor and shall inure to the benefit of the Administrative Agent and the other Secured Parties and their respective successors and assigns.