Examples of Pledged Equity Interests in a sentence
The Secured Party shall have the right at any time after an Event of Default, to cause any or all of the Pledged Equity Interests to be transferred of record into the name of the Secured Party or its and to exchange certificates representing or evidencing Pledged Equity Interests for certificates of smaller or larger denominations.
Each Pledgor agrees that, notwithstanding the exercise by the Administrative Agent of any of its rights hereunder, such Pledgor shall remain liable nonetheless for the full and prompt performance of all of such Pledgor’s obligations and liabilities under any Organization Document evidencing or governing any Pledged Equity Interests.
The Borrower shall own no assets, other than the Pledged Equity Interests of the Project Owner.
The Collateral Trustee shall be under no obligation to delay a sale of any of the Pledged Equity Interests or the Pledged Debt Securities for the period of time necessary to permit the Issuer thereof to register such securities for public sale under the Securities Act, or under applicable state securities laws, even if such Issuer would agree to do so.
None of such Pledged Equity Interests is subject to any option to purchase or similar right of any Person.