Common use of Description of Pledged Collateral Clause in Contracts

Description of Pledged Collateral. The Pledged Shares owned by such Pledgor constitute the percentage of the issued and outstanding shares of stock of each issuer thereof set forth on Schedule I annexed hereto, and there are no outstanding warrants, options or other rights to purchase, or other agreements outstanding with respect to, or property that is now or hereafter convertible into, or that requires the issuance or sale of, any Pledged Shares. The Pledged Debt owned by such Pledgor constitutes all of the issued and outstanding intercompany indebtedness evidenced by a promissory note of the respective issuers thereof owing to such Pledgor.

Appears in 5 contracts

Samples: Credit Agreement (DMW Worldwide Inc), Security Agreement (Aurora Foods Inc /Md/), Security Agreement (MBW Foods Inc)

AutoNDA by SimpleDocs

Description of Pledged Collateral. The Pledged Shares owned by such Pledgor Interests constitute the percentage percent of the issued and outstanding membership interests, shares of stock stock, or other ownership interest of each issuer thereof as set forth on Schedule I annexed hereto1, and there are no outstanding warrants, options or other rights to purchase, or other agreements outstanding with respect to, or property that is now or hereafter convertible into, or that requires the issuance or sale of, any Pledged SharesInterests. The Pledged Debt owned by such Pledgor constitutes all of the issued and outstanding intercompany indebtedness evidenced by a promissory note of the respective issuers thereof owing to such PledgorPledgors.

Appears in 1 contract

Samples: Credit Agreement (Blackbaud Inc)

Description of Pledged Collateral. The Pledged Shares owned by such Pledgor constitute the percentage of the issued and outstanding shares of stock of each issuer thereof set forth on Schedule I annexed hereto, and there are no outstanding warrants, options or other rights to purchase, or other agreements outstanding with respect to, or property that is now or hereafter convertible into, or that requires the issuance or sale of, any Pledged Shares. The Pledged Debt owned by such Pledgor constitutes all of the issued and outstanding intercompany indebtedness evidenced by a promissory note of the respective issuers thereof owing to such Pledgor.

Appears in 1 contract

Samples: Subsidiary Pledge Agreement (Zilog Inc)

AutoNDA by SimpleDocs

Description of Pledged Collateral. The Pledged Shares owned by such Pledgor Interests constitute the percentage percent of the issued and outstanding membership interests, shares of stock stock, or other ownership interest of each issuer thereof as set forth on Schedule I annexed hereto1, and there are no outstanding warrants, options or other rights to purchase, or other agreements outstanding with respect to, or property that is now or hereafter convertible into, or that requires the issuance or sale of, any Pledged SharesInterests. The Pledged Debt owned by such Pledgor constitutes all of the issued and outstanding intercompany indebtedness evidenced by a promissory note of the respective issuers thereof owing to such Pledgor.

Appears in 1 contract

Samples: Credit Agreement (Blackbaud Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.