Additional Pledged Securities definition
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 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.
The Additional Pledged Securities shall be pledged by the Company to the Trustee for exclusive benefit of the Holders and shall be held by the Trustee in the Pledged Account pending disposition pursuant to the Pledge Agreement.
The Collateral Agent agrees to apply such amount to purchase the Additional Pledged Securities as contemplated under Section 2(c) of the Pledge Agreement.
All original certificates representing or evidencing the Pledged Stock are held by the Senior Lender on the date hereof (and immediately upon the acquisition of any Additional Pledged Securities), and are or will be the subject of an intercreditor agreement by and between Senior Lender, Lender, Borrower and Pledgor.