Pledges of Shares. You grant us a consensual security interest in your Accounts and have pledged funds on deposit in your Accounts (except IRA or Deferred Compensation) to satisfy debts that are due us. We reserve the right to exercise this pledge of shares for liabilities owed to us against any Account held by you individually or jointly with any other person(s) to the fullest extent permitted by law. Cross-Collateralization To satisfy debts that are due us either now or hereafter arising, you further grant us a consensual security interest in any and all collateral pledged by you under any agreement with us. You understand that this cross-collateralization provision gives us a security interest in any collateral pledged by you as long as there remains an outstanding debt owed to us under any preexisting or future agreement.
Pledges of Shares. You grant us a consensual security interest in your accounts and have pledged funds on deposit in your account (except IRA or Deferred Compensation) to satisfy debts that are due us. We reserve the right to exercise this pledge of shares for liabilities owed to us against any account held by you individually or jointly with any other person(s) to the fullest extent permitted by law.
Pledges of Shares. Nothing in this agreement shall prohibit the Shareholder from pledging any or all of Shareholder's Shares as collateral to secure a bona fide indebtedness of the Shareholder to a financial institution, provided that such institution agrees to be subject to restrictions on the sale, transfer or disposal of any such Shares which are similar to those set forth in this agreement, except that no such restrictions shall apply to the financial institution's ability to seize and dispose of its collateral in the event of default in accordance with its loan agreement and applicable law.
Pledges of Shares. Any Shareholder exercising his, her or its right under Sections 5 and/or 8 may, in connection with obtaining financing therefor pursuant to a bona fide recourse loan from a bank or similar financial institution approved by Beacon and Conning (which approval will not be unreasonably withheld), pledge some or all of such Shareholder's Stock as collateral for such financing; provided that, to the extent the lenders secured by such pledge have rights in -------- the Stock (including, without limitation, upon foreclosure), such lender agrees in writing to be bound by this Agreement in its entirety and that the foregoing is incorporated into the agreements governing such financing and pledge.
Pledges of Shares. (i) Notwithstanding any other provision in this Agreement, including the other provisions of this Article 8, a Shareholder shall be entitled to grant a Permitted Lien over its Shares in favor of, any lender or lenders (or agent on behalf of such lender or lenders) pursuant to a bona fide financing transaction.
Pledges of Shares. Each Stockholder shall deliver to First Midwest a notice in the form attached as Exhibit C and the opinion of counsel referred to therein before pledging any of the Shares to a third party for purposes of security.
Pledges of Shares. Notwithstanding the foregoing, without compliance with the provisions of Article 4.1, 4.2 or 4.3, Shareholders in TKP may pledge their shares in TKP to their direct or indirect shareholders as security for loans made by such shareholders.
Pledges of Shares. No Shareholder may pledge, mortgage, create or provide for a security interest in, or convey in trust any Shares without the prior written consent of the other Shareholder; provided, however, that Shares may be pledged to Banco Promerica, S.A.-Costa Rica, Banco Promerica, S.A.-El Salvador, Banco de la Produccion, S.A., St. Georges Bank & Trust Co. Ltd. (or to any other Bank if first approved by the Board of Newco) as collateral for funds borrowed by a Shareholder when (but only when) those funds are thereupon contributed as capital to Newco.
Pledges of Shares. You acknowledge and agree that you are pledging all or any part of the shares or funds in any accounts as collateral security for a loan or loans with the Credit Union. We reserve the right to exercise this pledge of shares or funds for liabilities owed to us against any account held by you individually or jointly with any other person(s) to the fullest extent permitted by law. Federal Insurance - National Credit Union Administration (NCUA). Generally, your accounts at the Credit Union are insured in the aggregate to Sample $250,000 by the NCUA, a U.S. government agency. If you have questions about the protection on your accounts or the coverage, a NCUA brochure, which explains insurance coverage, is available at any branch office or by calling us at: 301.797.6318.
