Pledge definition
Examples of Pledge in a sentence
Seller shall not take any direct or indirect action inconsistent with the Pledge Agreement or the security interest granted thereunder to Buyer in the Pledged Collateral.
The Parties intend that this Agreement, the Guarantee Agreement and the Pledge Agreement constitutes a “master netting agreement” as defined in Section 101(38A) of the Bankruptcy Code.
Each of the Initial Note A-1-A Holder, the Initial Note A-1-B Holder and the Initial Note A-1-C Holder hereby notifies each other Note Holder that a Pledge of its related Note has been effected to Bank of Montreal as Note Pledgee as of the date hereof (“BMO Note Pledgee”), and each other Note Holder acknowledges receipt of such notice and agrees that such notice satisfies the notice obligation of each such Pledging Note Holder set forth in the immediately preceding sentence.
Any security agreement, Mezzanine Pledge Agreement or equivalent document related to and delivered in connection with the Purchased Asset establishes and creates a valid and enforceable lien on property described therein, except as such enforcement may be limited by Standard Qualifications.
Each of the Initial Note A-1 Holder and the Initial Note A-2 Holder hereby notifies each other that a Pledge of its related Note has been effected to Bank of Montreal as Note Pledgee as of the date hereof (“BMO Note Pledgee”), and each other Note Holder acknowledges receipt of such notice and agrees that such notice satisfies the notice obligation of each such Pledging Note Holder set forth in the immediately preceding sentence.