Guarantor Pledge and Security Agreement definition
Examples of Guarantor Pledge and Security Agreement in a sentence
Pursuant to Section 8 of the Individual Guarantor Pledge and Security Agreement, the Individual Guarantors agreed, among other things, not to create or permit to exist any Lien upon or with respect to any of the Collateral (as defined in the Individual Guarantor Pledge and Security Agreement), except for the security interest granted under the Individual Guarantor Pledge and Security Agreement.
The undersigned has entered into the Guarantor Pledge and Security Agreement dated as of July ___, 2002 (such Agreement, as it may be amended or otherwise modified from time to time, the "PLEDGE AGREEMENT") with UBS WARBURG REAL ESTATE INVESTMENTS INC., a Delaware corporation (together with its successors and assigns, the "LENDER").
Agreements Borrower Borrower Subsidiary Business Day Co-Agent Default Disqualified Stock Documentation Agent Event of Default Governmental Authority Guarantee Guarantors Guarantor Pledge and Security Agreement Issuing Bank Lien Loan Documents Loans Material Adverse Effect Miscellaneous Unpledged Assets Permitted Cash Investments Person Required Lenders Subsidiary Subsidiary Note Swingline Lender Syndication Agent Transaction Agreements Transactions SECTION TERMS DEFINED IN THE UNIFORM COMMERCIAL CODE .
That certain Guarantor Pledge and Security Agreement, of even date herewith, by each of the LLC Guarantor and the Trust Guarantor in favor of the Agent for the benefit of the Secured Parties.
Not Required as Guarantor; Pledge and Security Agreement Collateral; Sections 8.13, 8.15, 9.16(b).
The Loan Parties have informed the Agent that as a result of a federal tax lien in the amount of Two Million Four Hundred Forty One Thousand Eighty Two and 65/100 Dollars ($2,441,082.65) filed against RFV and LDV, the Individual Guarantors permitted a Lien upon the Collateral (as defined in the Individual Guarantor Pledge and Security Agreement) in contravention of Section 8 of the Individual Guarantor Pledge and Security Agreement.
Such indebtedness (i) constitutes a legally valid and binding obligation of each such Borrower Subsidiary, enforceable against it in accordance with its terms, (ii) is evidenced by and due and payable on the terms set forth in such Subsidiary Note, and (iii) is secured by the security interests granted by such Subsidiary to the Administrative Agent, for the benefit of the Beneficiaries, as set forth in the Guarantor Pledge and Security Agreement.
The Loan Parties acknowledge and agree that each and every document, instrument or agreement which at any time has secured payment of the Obligations including, but not limited to, the Credit Agreement, each Pledge Agreement, the IP Security Agreement, each Deposit Account Control Agreement, the Individual Guarantor Pledge and Security Agreement and the Individual Guarantor Account Control Agreement continue to secure prompt payment when due of the Obligations.
The provisions of the Credit Agreement, the Borrower Pledge and Security Agreement and the Guarantor Pledge and Security Agreement (each as amended by this Amendment) shall remain in full force and effect in accordance with their respective terms following the effectiveness of this Amendment.