Parent Pledgor definition
Examples of Parent Pledgor 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.
A Majority in Interest may instruct the Collateral Agent to waive any Event of Default by written notice to Parent, Pledgor and/or Guarantor, and the other Lenders, but not waive damages accrued or accruing until the effective date of such waiver.
A Majority in Interest may instruct the Collateral Agent to agree to release in whole or in part or to subordinate any Collateral to any claim or other actual or proposed security interest and may enter into any agreement with Parent, Pledgor and/or Guarantor to evidence such subordination; provided, however, that subsequent to any such release or subordination, each Note shall remain pari passu with the other Notes held by the Lenders.
The principal place of business and chief executive office of the Borrower, the Assignor, the Predecessor Parent Pledgor, each Parent Pledgor and Imperial is located at the address set forth on Schedule 13.2 (or at such other locations, notified to the Administrative Agent in jurisdictions where all action required hereby has been taken and completed).
Copies of UCC-1 financing statements, in form and substance satisfactory to Administrative Agent, to be filed on or before the Initial Closing Date, naming each of the Borrower, the Predecessor Parent Pledgor and the Assignor as debtor, and, as appropriate, Administrative Agent, for the benefit of the Secured Parties, as secured party.
Each Parent Pledgor shall Guarantee all of the Lender Secured Obligations of the Obligors pursuant to the Non-Recourse Parent Guarantees; provided that the recourse under each Non-Recourse Parent Guarantee shall be limited in accordance with the provisions of Section 12 thereof.
No event has occurred during the shorter of (i) the three (3) year period preceding the date of such Additional Policy Advance and (ii) the period of time commencing on the Initial Closing Date and ending on the date of such Additional Policy Advance, that could reasonably be expected to have a Material Adverse Effect with respect to the Borrower, the Assignor, the Predecessor Parent Pledgor, a Parent Pledgor or Imperial or any of the Collateral or the Pledged Interests.
An Event of Bankruptcy shall have occurred with respect to the Borrower, the Assignor, the Predecessor Parent Pledgor, a Parent Pledgor or Imperial.
Opinions of Counsel related to certain bankruptcy matters with respect to the transactions contemplated by the LP Parent Contribution Agreement and the Predecessor Parent Pledgor LP Contribution Agreement, including, without limitation, true sale and non-consolidation matters.
A certificate of each of the Borrower, the Assignor, the Predecessor Parent Pledgor, Imperial, the Initial Portfolio Manager and the Initial Servicer, certifying the names of its members, managers, directors or officers authorized to sign each Transaction Document (as defined in the Original Loan Agreement) to which it was, or would be, a party.