Borrower Pledge definition

Borrower Pledge means a right of pledge (pandrecht) securing the relevant Mortgage Receivable, including a Borrower Insurance Pledge and a Borrower Investment Pledge.

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Borrower Pledge means a pledge agreement in the form of Exhibit B attached to this Agreement, executed by Borrower in favor of the Lender.

Borrower Pledge means that certain Pledge Agreement dated as of the Original Closing Date executed by the Borrower in favor of the Agent, as amended, restated or otherwise modified from time to time, pursuant to which the Borrower has pledged to the Agent, for the benefit of the Holders of Secured Obligations, (i) as of the Original Closing Date, all of the Capital Stock of IHC and PRF and (ii) from time to time after the Original Closing Date, all of the Capital Stock and/or other Equity Interests in any other Person acquired by the Borrower.

Examples of Borrower Pledge in a sentence

• The Lien of the Borrower Pledge Agreement and the Guarantor Pledge Agreement constitutes a perfected, first priority security interest in all right, title and interest of the Credit Party thereto in the Pledged Collateral described therein, prior and superior to all other Liens and interests, provided the Agent maintains possession of the Pledged Collateral for the term of each such Borrower Pledge Agreement or Guarantor Pledge Agreement, as applicable.

• The CBC authorises the Servicer to incur those reasonable costs and expenses to third parties which must reasonably be incurred in the foreclosure of any Mortgage Receivable and the related security rights, including the Mortgage and the Borrower Pledge of the CBC and/or the Security Trustee.

• Borrower is a party to the Borrower Pledge Agreement pursuant to which Borrower has pledged certain Collateral to Administrative Agent to secure the Obligations.

• The Agent shall have received executed counterparts of the Borrower Pledge Agreement and the Guarantor Pledge Agreement, each dated as of the date hereof, duly executed by each Credit Party party thereto, together with stock certificates, accompanied by undated stock powers duly executed in blank, and promissory notes, duly endorsed in blank, required to be delivered to the Agent pursuant to the Borrower Pledge Agreement and the Guarantor Pledge Agreement.

• Within 60 days after the Effective Date, the Company shall have completed the perfection of security interests in the stock of Subsidiaries organized in a jurisdiction outside of the United States of America and listed in Annex 1 to the Company Pledge Agreement, Annex 1 to the Canadian Borrower Pledge Agreement or Annex 1 to the Subsidiary Pledge Agreement.

More Definitions of Borrower Pledge

Borrower Pledge means, collectively, those certain Pledge and Security Agreements executed by the Borrower in favor of the Administrative Agent granting a lien and security interest on (as available) the equity interests in the Subsidiary Guarantors and the right to receive dividends and distributions from the Borrower’s Subsidiaries, and proceeds from capital events, including from the Subsidiaries that are the owners of mortgage encumbered Held for Sale Properties.

Borrower Pledge means each of (i) that certain Amended and Restated Pledge Agreement, dated as of even date herewith, from the Borrower to the Agent pursuant to which the Borrower pledges the Capital Stock of certain corporate Subsidiaries, the Capital Stock of certain limited liability company Subsidiaries, and the Capital Stock of certain partnership Subsidiaries, as it may be amended, restated or otherwise modified and in effect from time to time, and (ii) any other pledge of Capital Stock delivered by Borrower from time to time to the Agent, in each case delivered to the Agent, for the benefit of the Lenders, to secure the Obligations.

Borrower Pledge means a pledge of the capital stock owned by the Borrower or any Affiliate of Philadelphia Cogeneration, OESC and any other entity owning assets of the Philadelphia Cogeneration Project, executed by the Borrower pursuant to Section 4.1(c) substantially in the form of Exhibit C;

Borrower Pledge the meaning specified in Subsection 4.1.5(a) (Pledge Agreements).

Borrower Pledge means the share pledge agreement executed by Borrower in favor of Lender on the date hereof, pursuant to which Borrower pledges in favor of Lender the entirety of its current and future legal and beneficial interest in Holdings, whether comprised of Capital Stock or otherwise. SWVP-018513 - 5 - 79351-0004/LEGAL23242297.11

Borrower Pledge the meaning specified in paragraph (b) of Subsection 3.1.

Borrower Pledge means the pledge agreement in relation to the membership interest in respect of the Borrower between the Pledgor and the Security Trustee dated, or to be dated, on or before the Effective Date and in form and substance reasonably satisfactory to the Security Trustee. “Break Funding Payments” means any payments due and payable by the Borrower to a Lender pursuant to Section 2.13. “Business Day” means any day that is not a Saturday, Sunday or other day on which commercial banks in New York City or San Francisco are authorized or required by law to remain closed. “Cape Town Convention” shall mean, the Convention on International Interests in Mobile Equipment, as supplemented by the Protocol, and as adopted in any applicable jurisdiction. “Capital Expenses” means the following costs and expenses incurred by the Servicer with respect to a Funded Asset: (a) expenses incurred in connection with any reconfiguration, modification, refurbishment, overhaul and repair expenses related to such Owned Asset, including expenses - 12 -#4921-3226-4509v1#4921-3226-4509v7 incurred by the Servicer relating to compliance with airworthiness directives and service bulletins; (b) expenses incurred in connection with the transition of any such Owned Asset including any maintenance work, whether being sold or leased by or to any Borrower Group Company including the payment and repayment of maintenance payments; and (c) fees and expenses of technical consultants engaged in connection with the performance of Services and of outside legal counsel, independent technicians, inspectors, engineers and other experts retained for any of the foregoing. “Capital Lease Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP (as applicable), and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP (as applicable). “Cash Trap Account” means the account of the Borrower described as such in schedule 3 of the Security Agreement. “Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty; (b) any change in any law, rule, regulation or treaty or in the admin...