FLOATING LIEN PLEDGE AGREEMENTFloating Lien Pledge Agreement • December 19th, 2006 • Satelites Mexicanos Sa De Cv • Radiotelephone communications
THIS FLOATING LIEN PLEDGE AGREEMENT (HEREINAFTER REFERRED TO AS THE “AGREEMENT”) IS ENTERED INTO EFFECTIVE AS OF THE 30th DAY OF NOVEMBER 2006, BY AND BETWEEN SMVS-ADMINISTRACION, S. DE R.L. DE C.V, REPRESENTED HEREIN BY MR. SERGIO MIGUEL ANGEL AUTREY MAZA (HEREINAFTER REFERRED TO AS THE “PLEDGOR”), AND WELLS FARGO BANK, N.A., AS SECOND COLLATERAL TRUSTEE, FOR ITSELF AND FOR THE BENEFIT OF THE SECOND PRIORITY HOLDERS (AS DEFINED BELOW), REPRESENTED HEREIN BY MR. ARTURO PEREZ PEÑA, (TOGETHER WITH ITS SUCCESSORS AND ASSIGNEES AND THE SECOND PRIORITY HOLDERS HEREINAFTER REFERRED TO AS THE “PLEDGEE”) (CAPITALIZED TERMS USED AND NOT DEFINED HEREIN SHALL HAVE THE MEANINGS ASCRIBE TO SUCH TERMS DEFINED IN THE SECOND PRIORITY INDENTURE (AS DEFINED BELOW) OR THE SECOND PRIORITY COLLATERAL TRUST AGREEMENT (AS DEFINED BELOW), AS APPLICABLE.
FLOATING LIEN PLEDGE AGREEMENTFloating Lien Pledge Agreement • December 19th, 2006 • Satelites Mexicanos Sa De Cv • Radiotelephone communications
THIS FLOATING LIEN PLEDGE AGREEMENT (HEREINAFTER REFERRED TO AS THE “AGREEMENT”) IS ENTERED INTO EFFECTIVE AS OF THE 30th DAY OF NOVEMBER 2006, BY AND BETWEEN SMVS-SERVICIOS TECNICOS, S. DE R.L. DE C.V., REPRESENTED HEREIN BY MR. SERGIO MIGUEL ANGEL AUTREY MAZA (HEREINAFTER REFERRED TO AS THE “PLEDGOR”), AND HSBC BANK USA, NATIONAL ASSOCIATION, AS FIRST PRIORITY COLLATERAL TRUSTEE, FOR ITSELF AND FOR THE BENEFIT OF THE FIRST PRIORITY HOLDERS (AS DEFINED BELOW), REPRESENTED HEREIN BY MR. GUSTAVO WALTHER VOMEND, (TOGETHER WITH ITS SUCCESSORS AND ASSIGNEES AND THE FIRST PRIORITY HOLDERS HEREINAFTER REFERRED TO AS THE “PLEDGEE”) (CAPITALIZED TERMS USED AND NOT DEFINED HEREIN SHALL HAVE THE MEANINGS ASCRIBE TO SUCH TERMS DEFINED IN THE FIRST PRIORITY INDENTURE (AS DEFINED BELOW) OR THE FIRST PRIORITY COLLATERAL TRUST AGREEMENT (AS DEFINED BELOW), AS APPLICABLE.
