Subject Collateral

Subject Collateral. As security for the payment and performance of all of the Borrower's obligations under the Loan Agreement or any other Transaction Document and Pledgor's obligations hereunder (the "Obligations"), Pledgor hereby pledges and grants to Lender, for the benefit of itself, a continuing first priority security interest in, all of the following, whether now existing or hereafter owned, existing or arising (the "Subject Collateral"): (a) All capital stock and membership equity interests, as... applicable, in the specific Subsidiary Guarantors of the Pledgor who are listed across from such Pledgor's name and set forth on Schedule I hereto (the "Pledged Subsidiaries") and, in addition to such capital stock and membership equity interests, as applicable, any investment property and general intangibles evidenced by or relating to such capital stock and membership equity interests, as applicable (collectively, the "Subject Securities"), and all other property hereafter delivered to the Lender in substitution for or in addition to any of the foregoing;(b) all documents, certificates and/or instruments representing any of the foregoing, if any, and all cash, securities, dividends, rights and other property at any time and from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the foregoing, except for any distributions with respect to the Subject Securities that would be permitted under the Loan Agreement and other Transactions Documents; and(c) all products and proceeds of all of the foregoing. View More