Examples of Membership Pledge Agreement in a sentence
To secure Borrower’s and Guarantor’s obligations to Bank, Guarantor pledged to Bank the membership interests held by Guarantor in Borrower pursuant to a Membership Pledge Agreement dated as of July 31, 2013 (as amended, modified, supplemented and restated from time to time, the “Pledge Agreement”).
To secure Borrower’s and Guarantor’s obligations to Bank, Guarantor pledged to Bank the membership interests held by Guarantor in Borrower pursuant to a Membership Pledge Agreement dated as of April 1, 2014 (as amended, modified, supplemented and restated from time to time, the “Pledge Agreement”).
Likewise, the Debt Subordination Agreement does not impact the HRA’s right to enforce the Membership Pledge Agreement, although, with or without the Debt Subordination Agreement, enforcement of the Membership Pledge Agreement is not a remedy is likely to result in direct cash recovery if the project is not performing.
Except for that certain Amended Membership Pledge Agreement dated March 20, 2017 by and among BHT, U.S. Bank National Association and Entsorga, prior to the execution of this Agreement, BHT holds of record (legally, beneficially and of record) the BHT Entsorga Units free and clear of any and all Liens.
The LLC Membership Pledge Agreement, dated or to be dated on or prior to the Term Loan Closing Date, between Century WV and the Agent and in form and substance satisfactory to the Lenders and the Agent.