Parent Pledge Agreement definition
Examples of Parent Pledge Agreement in a sentence
Subject to the provisions of the Parent Pledge Agreement, the Parent Pledgor will have the right to receive dividends paid in respect of the shares constituting the Collateral and to exercise all voting rights with respect to the shares constituting the Collateral.
Delivery to Administrative Agent of (a) certificates (which certificates shall be accompanied by irrevocable undated stock powers, duly endorsed in blank and otherwise satisfactory in form and substance to Agents) representing all capital stock pledged pursuant to the Parent Pledge Agreement and the Finance Co. Pledge Agreement and (b) all promissory notes or other instruments (duly endorsed, where appropriate, in a manner satisfactory to Agents) evidencing any Collateral.
The Borrower will not permit any Subsidiary Loan Party to issue any Equity Interests (or warrants, options or other rights in respect thereof) other than (i) Equity Interests issued by Subsidiaries to the Borrower that are pledged pursuant to the Borrower Pledge Agreement and (ii) Equity Interests issued by License Subsidiaries to the Parent that are pledged pursuant to the Parent Pledge Agreement.
Initially capitalized terms used but not defined herein shall have the meaning ascribed to such terms in the Parent Pledge Agreement and/or the Indenture.
At any date, any Subsidiary Security Agreement, ------------------ Borrower Security Agreement, Parent Pledge Agreement, C-Block Subsidiary Parent Pledge Agreement and D-, E- and F- Block Subsidiary Parent Pledge Agreement theretofore delivered that shall not have been terminated and released in accordance with its terms.