Common Contracts

2 similar Pledge and Security Agreement contracts by Global Energy, Inc.

PLEDGE AND SECURITY AGREEMENT
Pledge and Security Agreement • August 10th, 2007 • Global Energy, Inc. • Electric & other services combined • New York

This PLEDGE AND SECURITY AGREEMENT, dated as of July 23, 2007 (this “Agreement”), is entered into by and between WABASH RIVER ENERGY, LTD., an Indiana corporation (the “Pledgor”), and STANDARD GENERAL MASTER FUND L.P. (the “Secured Party”), the holder of that certain Secured Promissory Note issued on the date hereof in the original aggregate principal amount of $14,300,000, as the same may be amended from time to time (the “Note”), issued by Pledgor, pursuant to that certain Loan and Security Agreement dated as of the date hereof between Pledgor and Secured Party (the “Loan Agreement”).

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PLEDGE AND SECURITY AGREEMENT
Pledge and Security Agreement • August 10th, 2007 • Global Energy, Inc. • Electric & other services combined • New York

This PLEDGE AND SECURITY AGREEMENT, dated as of July 23, 2007 (this “Agreement”), is entered into by and between GLOBAL ENERGY, INC., an Ohio corporation (the “Pledgor”), and STANDARD GENERAL MASTER FUND L.P. (the “Secured Party”), the holder of that certain Secured Promissory Note issued on the date hereof in the original aggregate principal amount of $14,300,000, as the same may be amended from time to time (the “Note”), issued by Wabash River Energy, Ltd., an Indiana corporation (the “Debtor”), pursuant to that certain Loan and Security Agreement dated as of the date hereof between Debtor and Secured Party (the “Loan Agreement”).

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