Pledged Security. To secure the payment of the principal of, premium, if any, and interest on the Funding Loan according to its tenor and effect, and the performance and observance by the Governmental Lender of all the covenants expressed or implied herein and in the Governmental Note, and the payment and performance of all amounts and obligations under the Continuing Covenant Agreement, the Governmental Lender does hereby grant, bargain, sell, convey, pledge and assign a security interest, unto the Fiscal Agent, and its successors in such capacity and its and their assigns in and to the following (said property being herein referred to as the “Pledged Security”) for the benefit of the Funding Lender:
Pledged Security. The Resolution and this Agreement each creates and shall be and constitute a continuing, irrevocable Lien and claim upon, pledge of, and grant of a security interest in, the Pledged Security, to secure the full payment when due of the principal of and interest on the Notes and the Bank Note, on a parity therewith, the Advances and other amounts owed to the Bank under this Agreement. All action necessary to perfect such Lien has been duly and validly taken and such Lien is enforceable against and has priority over the claims of any other creditors of the Authority.
Pledged Security. The Administrative Agent shall have received those Pledged Shares referred to in the Pledge Agreement and the Security Agreement that are certificated, accompanied by undated stock powers executed in blank, and instruments evidencing the Pledged Debt (to be reasonably satisfactory in form and substance to the Administrative Agent) referred to in the Pledge Agreement and the Security Agreement indorsed in blank.
Pledged Security. The Depositor, as of the date of this Deposit Agreement, has transferred to the Bank, under the requirements of the Agreement, the cash amount listed below: Cash Investment Description Cash Amount For the term of this Deposit Agreement, the cash will be invested in the Investment Deposit as described above.
Pledged Security. The Guarantor shall pledge his 967,288 shares of common stock of the Borrower to the Creditor as security for this Guarantee.
Pledged Security. To secure the payment of the principal of, Prepayment Premium, if any, and interest on the Funding Loans according to its tenor and effect, and the performance and observance by the Governmental Lender of all the covenants expressed or implied herein and in the Governmental Notes, and the payment and performance of all amounts and obligations under the Continuing Covenant Agreement, the Governmental Lender does hereby grant, bargain, sell, convey, pledge and assign a security interest, unto the Fiscal Agent, and its successors in such capacity and its and their assigns in and to the following (said property being herein referred to as the “Pledged Security”) for the benefit of the Funding Lender (which Funding Lender has been assigned an interest in the Security Instrument): All right, title and interest of the Governmental Lender in and to all Revenues; All right, title and interest of the Governmental Lender in and to the Project Loan Agreement, the Project Notes, and the other Project Loan Documents (other than the Unassigned Rights), including all extensions and renewals of the terms thereof, if any, including, but without limiting the generality of the foregoing, the present and continuing right to receive, receipt for, collect or make claim for any of the money, income, revenues, issues, profits and other amounts payable or receivable thereunder (including all casualty insurance benefits or condemnation awards), whether payable under the above referenced documents or otherwise, to bring actions and proceedings thereunder or for the enforcement thereof, and to do any and all things which the Governmental Lender or any other Person is or may become entitled to do under said documents; and Except for funds, money or securities in the Cost of Issuance Fund, the Administration Fund and the Rebate Fund, all funds, money and securities and any and all other rights and interests in property whether tangible or intangible from time to time hereafter by delivery or by writing of any kind, conveyed, mortgaged, pledged, assigned or transferred as and for additional security hereunder for the Funding Loans by the Governmental Lender or by anyone on its behalf or with its written consent to the Fiscal Agent, which is hereby authorized to receive any and all such property at any and all times and to hold and apply the same subject to the terms hereof. The foregoing notwithstanding, if the Governmental Lender or its successors or assigns shall pay or cause to be pai...
Pledged Security. All property at any time pledged with the Collateral Agent hereunder or in which the Collateral Agent is granted a security interest hereunder (whether described herein or not), and (subject to the provisions of Section 6 hereof) all income therefrom and proceeds thereof, are herein collectively sometimes referred to as the “Pledged Security.”
