Pledge of the Pledged Stock Sample Clauses

Pledge of the Pledged Stock. (a) In order to secure and to provide for the performance of the obligations of the Pledgor owing to the Pledgee under the Note (the "Secured Obligations"), the Pledgor hereby pledges, conveys, transfers, delivers and sets over unto the Pledgee, and hereby grants to the Pledgee a continuing security interest in the following, whether now owned or existing or hereafter acquired or arising, and regardless of where located (all of the following indicated in clauses (i) and (ii) being referred to as the "Collateral"):
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Pledge of the Pledged Stock. (a) As security for the due and timely payment and performance of all of the Obligations of the Company from time to time, the Pledgor hereby pledges to the Pledgee, and grants to the Pledgee a first priority lien and security interest in, all of the Pledged Stock (as same are constituted from time to time), together with all cash dividends, stock dividends, interest, profits, premiums, redemptions, warrants, subscription rights, options, substitutions, exchanges and other distributions now or hereafter made on the Pledged Stock and all cash and non-cash proceeds thereof, until the Satisfaction Date. The Pledged Stock and all property at any time pledged to the Pledgee hereunder or in which the Pledgee is granted a security interest (whether described herein or not) and all income therefrom and proceeds thereof are herein collectively called the "Pledged Collateral".
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Pledge of the Pledged Stock. (a) As security for the due and timely payment and performance of all of the Obligations, Commodore hereby pledges to the Pledgees, and grants to the Pledgees a first priority lien and security interest in, all of the Pledged Stock (as same are constituted from time to time) and all proceeds thereof, until the Satisfaction Date.
Sample 1
Pledge of the Pledged Stock. (a) As security for the due and timely payment and performance of all of the Obligations, the Pledgor hereby pledges to the Pledgee, and grants to the Pledgee a first priority lien and security interest in, all of the Pledged Stock and all proceeds thereof, until the Satisfaction Date.
Sample 1
Pledge of the Pledged Stock. As security for the performance by the Company of the Liabilities (as defined below), Pledgor hereby pledges to the Pledgee, and grants a continuing first priority lien and security interest to the Pledgee in, all of the shares of Pledged Stock. On the date hereof, Pledgor will deliver to the Escrow Agent, pursuant to the Escrow Agreement attached hereto as Exhibit B, original stock certificates for all of the share’s of Pledged Stock, each accompanied by a stock power duly endorsed in blank by Pledgor and an opinion of the Company’s counsel that in the event of a default the Pledgee would be entitled to sell the Pledged Stock under Rule 144(d) (3) (iv). As used herein, the term “Liabilities” shall mean all liabilities, obligations and indebtedness of any and every- kind and nature heretofore, now or hereafter owing, arising, due or payable arising from the Note or the Securities Purchase Agreement. In the event that the Company’s common stock suffers a decline in value to render the Pledged Stock to be worth less than $1,000,000, the Pledgor agrees to deposit additional shares of common stock so as to cause the Pledged Stock to have a market value of $1,000,000. Pledgor represents that he owns the Pledged Stock free and clear of any liens or encumbrances and that he has beneficially owned such shares for at least two years. 3.
Sample 1

Related to Pledge of the Pledged Stock

  • Pledged Stock In the case of each Grantor that is an Issuer, such Issuer agrees that (i) it will be bound by the terms of this Agreement relating to the Pledged Stock issued by it and will comply with such terms insofar as such terms are applicable to it, (ii) it will notify the Collateral Agent promptly in writing of the occurrence of any of the events described in Subsection 5.3.1 with respect to the Pledged Stock issued by it and (iii) the terms of Subsections 6.3(c) and 6.7 shall apply to it, mutatis mutandis, with respect to all actions that may be required of it pursuant to Subsection 6.3(c) or 6.7 with respect to the Pledged Stock issued by it.

  • Voting Rights in Respect of the Pledged Collateral (i) So long as no Event of Default shall have occurred and be continuing, to the extent permitted by law, each Pledgor may exercise any and all voting and other consensual rights pertaining to the Pledged Collateral of such Pledgor or any part thereof for any purpose not inconsistent with the terms of this Pledge Agreement or the Credit Agreement; and

  • As to Pledged Shares In the case of any Pledged Shares constituting Collateral, all of such Pledged Shares are duly authorized and validly issued, fully paid, and non-assessable, and constitute all of the issued and outstanding capital stock of each Securities Issuer thereof. The Grantors have no Subsidiaries other than the Securities Issuers and Timberlands II.

  • of the Pledge Agreement Upon the occurrence of a Termination Event, the Company shall promptly but in no event later than two Business Days thereafter give written notice to the Agent, the Collateral Agent and to the Holders, at their addresses as they appear in the Register.

  • Pledged Equity Interests; Stock Powers; Pledged Notes The Administrative Agent shall have received (i) the certificates representing the Equity Interests pledged pursuant to the Security Agreement, together with an undated stock power for each such certificate executed in blank by a duly authorized officer of the pledgor thereof and (ii) each promissory note (if any) pledged to the Administrative Agent pursuant to the Security Agreement endorsed (without recourse) in blank (or accompanied by an executed transfer form in blank) by the pledgor thereof.

  • Pledged Equity Interests Set forth on Schedule 5.21(f), as of the Closing Date and as of the last date such Schedule was required to be updated in accordance with Section 6.02, is a list of (i) all Pledged Equity and (ii) all other Equity Interests required to be pledged to the Administrative Agent pursuant to the Collateral Documents (in each case, detailing the Grantor (as defined in the Security Agreement), the Person whose Equity Interests are pledged, the number of shares of each class of Equity Interests, the certificate number and percentage ownership of outstanding shares of each class of Equity Interests and the class or nature of such Equity Interests (i.e. voting, non-voting, preferred, etc.).

  • Pledged Stock; Stock Powers; Pledged Notes The Administrative Agent shall have received (i) the certificates representing the shares of Capital Stock pledged pursuant to the Guarantee and Collateral Agreement, together with an undated stock power for each such certificate executed in blank by a duly authorized officer of the pledgor thereof and (ii) each promissory note (if any) pledged to the Administrative Agent pursuant to the Guarantee and Collateral Agreement endorsed (without recourse) in blank (or accompanied by an executed transfer form in blank) by the pledgor thereof.

  • Pledged Shares (i) One hundred percent (100%) (or, if less, the full amount owned by such Pledgor) of the issued and outstanding Capital Stock owned by such Pledgor of each Domestic Subsidiary set forth on Schedule 2(a) attached hereto and (ii) sixty-five percent (65%) (or, if less, the full amount owned by such Pledgor) of the issued and outstanding shares of Capital Stock entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) ("Voting Equity") and one hundred percent (100%) (or, if less, the full amount owned by such Pledgor) of the issued and outstanding Capital Stock not entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) ("Non-Voting Equity") owned by such Pledgor of each Foreign Subsidiary set forth on Schedule 2(a) attached hereto, in each case together with the certificates (or other agreements or instruments), if any, representing such Capital Stock, and all options and other rights, contractual or otherwise, with respect thereto (collectively, together with the Capital Stock described in Section 2(b) and 2(c) below, the "Pledged Shares"), including, but not limited to, the following:

  • Exercise of the Pledge 8.1 The Pledgee shall issue a written Notice of Default to the Pledgor when it exercises the Pledge.

  • Delivery of the Pledged Collateral Each Pledgor hereby agrees that:

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