General Pledge definition

General Pledge means a general pledge agreement (driftsl øsørepant) in the amount of USD 70,000,000 (including a declaration of pledge) entered into between the Borrower and the Agent (on behalf of the Finance Parties) whereby the Borrower pledges to the Agent (on behalf of the Finance Parties) on first priority all its equipment, machinery and plant etc as security for the Borrower’s obligations under the Finance Documents, in form and substance satisfactory to the Agent.
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Examples of General Pledge in a sentence

  • This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995 and as amended on the date hereof, executed by DPC Acquisition Corp.

  • Said pledge is more fully described in and evidenced by that certain General Pledge and Security Agreement dated as of October 5, 1995 and executed by DPC Acquisition Corp.

  • This Note is further secured by that certain General Pledge and Security Agreement dated as of October 5, 1995, as amended to date, executed by DPC Acquisition Corp.

  • Each of the Company and certain Guarantors shall have entered into a General Pledge and Security Agreement with the Collateral Agent, substantially in the form of Exhibit 4.10 (collectively, as amended or supplemented from time to time, the "Pledge Agreements"), and each Pledge Agreement shall be in full force and effect.

  • The Parent shall have duly and validly issued, executed, and delivered to the Bank a Ratification of Previously Executed General Pledge Agreement and related financing statements and other documents required to be executed by the Bank in form and substance satisfactory to the Bank.

  • CHOLESTECH CORPORATION By: /s/ W.E. ▇▇▇▇▇▇▇▇ ------------------------------ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ PRESIDENT ADDENDUM TO GENERAL PLEDGE AGREEMENT THIS ADDENDUM is attached to and made a part of that certain General Pledge Agreement ("Agreement") executed by CHOLESTECH CORPORATION ("Debtor"), as of November 19, 1996, in favor of ▇▇▇▇▇ FARGO BANK, NATIONAL ASSOCIATION ("Bank").

  • Duly executed original of the General Pledge Agreement accompanied by (as applicable) (a) share certificates representing all of the outstanding Stock being pledged pursuant thereto and stock powers for such share certificates executed in blank and (b) the original Intercompany Notes and other instruments evidencing Indebtedness being pledged pursuant to the General Pledge Agreement, duly endorsed in blank.

  • This Note is further secured by that certain General Pledge and Security Agreement dated as of the date hereof, executed by Borrower in favor of Agent for the benefit of Bank and others (as the same may from time to time be amended, the "Pledge Agreement"), to which Pledge Agreement reference is hereby made for a description of the security and a statement of the terms and conditions upon which this Note is further secured.

  • In such case the Bank — according to the General Pledge and Assignment Agreement — is authorized but not obligated to issue a Margin Call to inform the Borrower about such shortfall and request immediate adjustment of the overdrawn position.

  • JTS shall have executed and delivered to Parent each of the JTS Indemnity Agreement, substantially in the form of Exhibit G-1, a General Pledge of Assets in connection with the JTS Indemnity Agreement on customary terms, and the JTS Release in the form of Exhibit G-2 and each of the JTS Indemnity Agreement and the JTS Release shall be in full force and effect.