ALL PROCEEDS OR PAYMENTS REALIZED FROM THE PLEDGED COLLATERAL IN ACCORDANCE
HEREWITH SHALL BE APPLIED TO THE OBLIGATIONS IN ACCORDANCE WITH THE TERMS OF THE
CREDIT AGREEMENT.
21.
AUTHORIZATION.
EACH PLEDGOR HEREBY
IRREVOCABLY AUTHORIZES THE AGENT AT ANY TIME AND FROM TIME TO TIME TO FILE IN
ANY FILING OFFICE IN ANY UNIFORM COMMERCIAL CODE JURISDICTION ANY INITIAL
FINANCING STATEMENTS AND AMENDMENTS THERETO THAT (A) INDICATE THE PLEDGED
COLLATERAL (I) AS ALL ASSETS OF SUCH PLEDGOR OR WORDS OF SIMILAR EFFECT,
REGARDLESS OF WHETHER ANY PARTICULAR ASSET COMPRISED IN THE PLEDGED COLLATERAL
FALLS WITHIN THE SCOPE OF ARTICLE 9 OF THE CODE OR SUCH JURISDICTION, OR (II) AS
BEING OF AN EQUAL OR LESSER SCOPE OR WITH GREATER DETAIL, AND (B) CONTAIN ANY
OTHER INFORMATION REQUIRED BY PART 5 OF ARTICLE 9 OF THE CODE FOR THE
SUFFICIENCY OR FILING OFFICE ACCEPTANCE OF ANY FINANCING STATEMENT OR AMENDMENT,
INCLUDING WHETHER SUCH PLEDGOR IS AN ORGANIZATION, THE TYPE OF ORGANIZATION AND
ANY ORGANIZATION IDENTIFICATION NUMBER ISSUED TO SUCH PLEDGOR.
EACH
PLEDGOR AGREES TO FURNISH ANY SUCH INFORMATION TO THE AGENT PROMPTLY UPON
REQUEST.
EACH PLEDGOR ALSO RATIFIES ITS AUTHORIZATION FOR THE AGENT TO HAVE
FILED IN ANY UNIFORM COMMERCIAL CODE JURISDICTION ANY INITIAL FINANCING
STATEMENTS OR AMENDMENTS THERETO IF FILED PRIOR TO THE DATE HEREOF.
14
[Signature Page Follows]
15
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed as of the date first written above.
VERTIS HOLDINGS, INC.
By:
/s/ John V. Howard, Jr.
Name:
John V. Howard, Jr.
Title:
Chief Legal Officer
GENERAL ELECTRIC CAPITAL
CORPORATION
By:
/s/ Alan Garson
Name:
Alan Garson
Its Duly Authorized Signatory