Pledge and Security Agreement definition
Examples of Pledge and Security Agreement in a sentence
In addition, the Company covenants and agrees that the Initial Note, the Subsidiary Guarantee, the Pledge and Security Agreement, the Registration Rights Agreement, the AGP Funds Flow Agreement and the Transfer Agent Instructions all have been complied with by the Company and to the extent applicable evidence the obligations of the other parties thereto, including the Lien and security interest of the Lender in the Collateral described in the Pledge and Security Agreement.
Any notices, consents, waivers or other communications required or permitted to be given under the terms of this Guaranty must be in writing and will be deemed to have been delivered in accordance with the terms of Section 17 of the Pledge and Security Agreement.
All references to the Pledge and Security Agreement in any Transaction Document, or in any other document executed or delivered in connection therewith shall, from and after the execution and delivery of this Amendment, be deemed a reference to the Replacement Pledge Agreement, unless the context expressly requires otherwise.
All terms used in this Guaranty and the recitals hereto which are defined in the Securities Purchase Agreement, the Notes or the Pledge and Security Agreement, and which are not otherwise defined herein shall have the same meanings herein as set forth therein, as applicable.
The Collateral shall mean right, title and interest in and to the intellectual property listed on Schedule 1 of the Agreement, and (b) shares of Borrower’s common stock, which will be pledged in accordance with a Pledge and Security Agreement as described in Addendum #1.