Pledged Company definition

Pledged Company any Subsidiary of the Borrower the Capital Stock of which is pledged to the Collateral Agent pursuant to any Security Document.

Pledged Company means any issuer of the Initial Pledged Equity or any successor entity to any such issuer; provided that, if all of the Equity Interests issued by a Pledged Company and pledged by a Grantor to the Collateral Agent hereunder are released from the Transaction Liens in accordance with the terms of this Agreement and the Credit Agreement, then from and after such release, such issuer shall no longer be a Pledged Company.

Pledged Company has the meaning assigned to such term in the Security Agreement.

Examples of Pledged Company in a sentence

• Any such transfer of shares to a Pledged Company or the Issuer shall be subject always to the Issuer procuring that any such shares so transferred which at any time are, are intended to be or have been included in the Transaction Security continues to be pledged following the transfer on the same or substantially similar terms and with such priority of security as is satisfactory to the Agent (acting reasonably).

• The Issuer shall procure that the net proceeds from a disposal of shares in a Pledged Company to any Person not being the Issuer or any of the Pledged Companies immediately upon receipt by the relevant Group Company is transferred to the Deposit Account.

• During the first half of 2012, the average selling price of the sold properties in Kai Shi Jia Nian Phase II was RMB11,124 per sq.m..

• The Issuer shall procure that the net proceeds from a disposal of shares in a Pledged Company or GenovaFastator to any Person not being the Issuer or Vivskä immediately upon receipt by the Issuer or Vivskä is transferred to the relevant Deposit Account.

• The Lender may, without the Grantor’s consent, exercise all redemption, exchange and conversion rights of the Grantor under the Pledged Company Documents, either in the name of the Grantor or in its own name or the name of its designee, in accordance with and subject to the terms of this Agreement, the Pledged Company Documents and the Acknowledgment Agreement.

More Definitions of Pledged Company

Pledged Company means each of Navios Maritime Partners L.P., Navios Maritime Acquisition Corporation, Navios Maritime Containers Inc. and Navios GP L.L.C.

Pledged Company means, each Person listed on Schedule 1 hereto as a “Pledged Company”, together with each other Person, all or a portion of whose Capital Stock, is acquired or otherwise owned by a Grantor after the Issue Date.

Pledged Company means each member of the Restricted Group.

Pledged Company has the meaning set forth in the recitals. Global Water, LLC Pledge and Security Agreement

Pledged Company means BWSC and any other Subsidiary the Equity Interests of which has been pledged to Bank to secure the Obligations pursuant to the terms and conditions hereof or any Loan Document.

Pledged Company means Borrowers and any other Subsidiary the Ownership Interests of which have been pledged to Bank to secure the Obligations pursuant to the terms and conditions hereof or any Loan Document.

Pledged Company means each Consolidated Party, the Equity Interests of which have been pledged, or are required to be pledged pursuant to the terms hereof or any Loan Document, to the Agent, for the benefit of the Lenders, pursuant to a Pledge Agreement.