Pledge definition
Examples of Pledge in a sentence
Company confirms that, on and after the Effective Date: (a) notwithstanding the amendments made to the Facility Letter pursuant to this Agreement, the Pledge Agreement dated 05 December 2018, between the Company and Citibank, as amended from time to time (the “Pledge Agreement”) and any security granted under it continues in full force and effect; and (b) such Pledge Agreement and security extends to the Facility Letter, as amended pursuant to this Agreement.
The Company shall not be obligated to issue any shares of Common Stock in respect of a Purchase Contract or deliver any certificates therefor to the Holder unless it shall have received payment of the aggregate Purchase Price, as described in the Purchase Contract and Pledge Agreement, for the shares of Common Stock to be purchased thereunder in the manner set forth in the Purchase Contract and Pledge Agreement.
The obligations of the Securities Intermediary under this Agreement shall continue in effect until the termination of the Pledge.
Upon and after the occurrence of a Termination Event, the Collateral Agent shall release the RSNs underlying the Pledged Applicable Ownership Interests in Notes or the portion of the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of such term) forming a part of each Corporate Unit, and all other Collateral, from the Pledge.
Company confirms that, on and after the Effective Date: (a) notwithstanding the amendments made to the Fee Letter pursuant to this Agreement, the Pledge Agreement dated 05 December 2018, between the Company and Citibank, as amended from time to time (the “Pledge Agreement”) and any security granted under it continues in full force and effect; and (b) such Pledge Agreement and security extends to the Fee Letter, as amended pursuant to this Agreement.