Additional Pledged Securities definition

Additional Pledged Securities has the meaning specified in Section 1.3 hereof.

Additional Pledged Securities means, with respect to a Pledgor at any time, all of the issued and outstanding Capital Stock (other than Initial Pledged Securities) of each Wholly-Owned Domestic Subsidiary and each first-tier Wholly-Owned Foreign Subsidiary, in each case that is an Other Subsidiary Borrower or a Material Subsidiary and not an Excluded Subsidiary, owned by such Pledgor at such time; provided that at no time shall any Excluded Securities constitute “Additional Pledged Securities”.

Additional Pledged Securities has the meaning given to such term in Section 3.1 of this Agreement.

Examples of Additional Pledged Securities in a sentence

• Upon the execution of this Agreement, the Pledgor shall deliver to the Company the certificates representing the Additional Pledged Securities, together with duly executed forms of assignment sufficient to transfer title thereto to the Company.

• The Collateral Agent agrees to apply such amount to purchase the Additional Pledged Securities as contemplated under Section 2(c) of the Pledge Agreement.

• In the event that the Pledged Stock or Additional Pledged Securities is not certificated, Pledgor has or will make such other arrangements to insure that Senior Lender (or Lender, if applicable, following such time as Lender becomes the first priority lienholder) has “control” (as defined in the Uniform Commercial Code) over the Pledged Stock.

• Upon a default in the payment on performance by the Pledgor of the Obligations, at the election of the Secured Party, the Pledgor shall cause any Additional Pledged Securities to be registered on the books and records of the Borrower in the name of the Secured Party, at the expense of the Pledgor.

• The Additional Pledged Securities shall be pledged by the Issuer to the Escrow Agent for the benefit of the Holders and shall be held by the Escrow Agent in the Pledged Account.

More Definitions of Additional Pledged Securities

Additional Pledged Securities has the meaning specified in the Pledge Agreement.

Additional Pledged Securities means additional Collateral within the meaning of Section 9(d) of the Pledge Agreement.

Additional Pledged Securities means other shares of capital stock, bonds, notes or other securities from time to time pledged to the Pledgee (i) in exchange for any of the Pledged Securities in accordance with Section 5.4(b), or (ii) in order to increase the value of the Collateral in accordance with Section 5.5; and "Additional Pledged Security" means any one of the Additional Pledged Securities.

Additional Pledged Securities means such securities or financial assets as may be accepted by the Lender from time to time, in its absolute discretion, as security for the Outstandings and shall include (without limitation); all instruments, consents, approvals, permissions, no-objections, confirmations, agreements, deeds and documents delivered or required to be delivered in connection with the creation and perfection of any pledge and charge on the Additional Pledged Securities in favour of the Lender, and all right, title, benefit, interest and entitlement in connection with such Additional Pledged Securities or accruing thereto and proceeds arising from sale and other realization of such Additional Pledged Securities or any part thereof from time to time including, without limitation, (i) dividends paid or payable in cash or paid or payable other than in cash in respect of, such Additional Pledged Securities and instruments and other property received, receivable or otherwise distributed in respect of, or in exchange for any Additional Pledged Securities; (ii) dividends and other distributions paid or payable in cash in respect of or in connection with any liquidation or dissolution or in connection with a reduction of capital; (iii) cash paid, payable or otherwise distributed in respect of buy-back of, or in exchange for, any Additional Pledged Securities; and (iv) any accretions to or in respect of any Additional Pledged Securities including any bonus shares, rights shares, sums, distributions and monies received.

Additional Pledged Securities shall have the meaning set forth in Section 1.3 of the Pledge Agreement.

Additional Pledged Securities means shares of Common Stock or cash above and beyond the Purchased Stock and the Tipped Common Stock which the Borrower may be required to pledge.

Additional Pledged Securities shall have the meaning specified in the Collateral Pledge and Security Agreement.