Dutch Pledge definition

Dutch Pledge means the Dutch law governed pledge over shares dated the Closing Date between the Borrower, as pledgor, and Alliance One International Xxxxx B.V., as the company, and the Collateral Agent, as collateral agent, in respect of the pledge by the Borrower over its shares in Alliance One International Xxxxx B.V.

Dutch Pledge is defined in Section 11.12 hereof.

Dutch Pledge means the Dutch law governed pledge over shares dated the Issue Date between Alliance One International Holdings, Ltd., as pledgor, Intabex Netherlands B.V. as the company, and the Collateral Agent, as collateral agent, in respect of the pledge by Alliance One International Holdings, Ltd. over its shares in Intabex Netherlands B.V.

Examples of Dutch Pledge in a sentence

• The parties hereto acknowledge and agree that, for purposes of a Dutch Pledge, any resignation by the Administrative Agent is not effective until its rights under the Parallel Debt are assigned to the successor Administrative Agent.

• The parties hereto acknowledge and agree that, for purposes of a Dutch Pledge, any resignation by the Collateral Agent is not effective until its rights under the Parallel Debt are assigned to the successor Collateral Agent.

• For the purpose of taking and ensuring the continuing validity and enforceability of the security created under the EMEA Dutch Pledge, the EMEA Guarantor hereby agrees and covenants with the Administrative Agent that it shall pay to the Administrative Agent an amount equal to, and in the currency of, any sums owing by it to a Secured Party under any Transaction Document (the “Principal Obligations”) as and when the same fall due for payment under the relevant Transaction Document (the “Parallel Debt”).

• Without limiting the foregoing, the Collateral Agent is authorized to enter into the Dutch Pledge Agreement and exercise its rights thereunder.

• Without prejudice to the provisions of this Agreement and the other Loan Documents, the parties hereto acknowledge and agree with the creation of parallel debt obligation of the Pledgors as will be described in the Parallel Debt(s) (both as defined in the Dutch Pledge Agreement) including that any payment received by the Collateral Agent in respect of the Parallel Debt(s) will be deemed a satisfaction of a pro rata portion of the corresponding amounts of the Obligations.

More Definitions of Dutch Pledge

Dutch Pledge means that certain pledge agreement executed by Xxxxxx Holdings Inc. in favor of the Administrative Agent, for the ratable benefit of the Secured Parties, relating to the Equity Interests of Xxxxxx Global C.V., which shall be in form and substance reasonably acceptable to the Administrative Agent.

Dutch Pledge has the meaning specified in Article X.

Dutch Pledge the pledge agreement or other document whereby the UK Borrower delivered to Agent duly executed Dutch law pledge of its Inventory.

Dutch Pledge means a pledge over Stock held for the Company by Furness Logistics BV, at Trade Boulevard 4, Haven nummer 5284761, RL Moerdijk, the Netherlands and other locations;

Dutch Pledge means the first ranking right of pledge of claims, to be entered into on the Issue Date, by and among the Company, Exide C.V. and the Collateral Agent, substantially in the form attached hereto as Exhibit G, as amended, modified, restated, supplemented or replaced from time to time as permitted by this Indenture.

Dutch Pledge. Agreement shall mean the equity interest pledge agreement in form and substance reasonably satisfactory to the Administrative Agent to create a first priority pledge under the laws of the Kingdom of the Netherlands over 65% of the combined voting power of the issued and outstanding Equity Interests entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) in Stoneridge Netherlands and 100% of the issued and outstanding Equity Interests not entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) in Stoneridge Netherlands, as amended, restated, modified or supplemented from time to time.

Dutch Pledge means an equipment pledge agreement substantially in the form of Exhibit B.