Pledge Collateral definition

Pledge Collateral. : means the Pledged Interests and all Proceeds.

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Pledge Collateral means all Pledgor’s right, title and interest, now or hereafter existing, in and to the Collateral that is credited, or required under this Agreement and the Pledge Agreement to be credited, to (or that is otherwise related to) the Pledge Collateral Accounts established under the Pledge Agreement, all dividends, interest, cash, securities, instruments (as defined in Article 9 of the UCC), security entitlements, investment property and other financial assets at any time and from time to time received, receivable or otherwise distributed in respect of or in exchange for, or as a renewal of, or reinvestment for, or substitution of, amounts or property in the Pledge Collateral Accounts, all rights, powers, remedies and privileges of Pledgor under or with respect to the Collateral, the Pledge Collateral Accounts or any of the foregoing, the Stock Purchase Contracts associated with the Common Equity Units from time to time credited or required to be credited to the Indemnification Collateral Account, all deposit accounts, general or payment intangibles, accounts (as defined in Article 9 of the UCC), instruments (as defined in Article 9 of the UCC) and chattel paper related to or associated with any of the foregoing, and all proceeds and returns of and from any of the foregoing.

Pledge Collateral shall have the meaning assigned to such term in the US Security Agreement.

Examples of Pledge Collateral in a sentence

• A photocopy or other reproduction of this Agreement or any financing statement covering the Pledge Collateral or any part thereof shall be sufficient as a financing statement where permitted by law.

• Mezzanine Lender's sole duty with respect to the custody, safekeeping and physical preservation of the Pledge Collateral in its possession shall be to deal with it in the same manner as Mezzanine Lender deals with similar securities and property for its own account.

• If any sums of money or property so paid or distributed in respect of the Pledged Interests shall be received by Pledgor, then Pledgor shall, until such money or property is paid or delivered to Mezzanine Lender, hold such money or property in trust for Mezzanine Lender, segregated from other funds of Pledgor as additional Pledge Collateral security for the Obligations.

• Pledgor authorizes Mezzanine Lender from time to time to file UCC financing statements, continuation statements and any and all other financing statements necessary or desirable to evidence, perfect or continue the lien and security interest in the Pledge Collateral granted by Pledgor to Mezzanine Lender pursuant to this Pledge Agreement.

• Mezzanine Lender may sell the Pledge Collateral without giving any warranties as to the Pledge Collateral.

More Definitions of Pledge Collateral

Pledge Collateral has the meaning set forth in the Pledge and Security Agreement.

Pledge Collateral shall have the meaning set forth in the Indemnification Control Agreement.

Pledge Collateral means any certificate, instrument or other document evidencing ownership by the Grantor of interests in the Borrower or any successor of the Borrower.

Pledge Collateral means the following: (i) Any and all shares of common stock of Lender held now or hereafter acquired by the Guarantor (the "Shares"); (ii) Any and all options to purchase common stock of Lender held now or hereafter acquired by the Guarantor; (iii) Any rights to payment, including returned premiums, with respect to any insurance relating to any of the Shares; and (iv) Any stock rights, rights to subscribe, stock splits, liquidating dividends, cash dividends, dividends paid in stock, new securities or other property of any kind which Guarantor is or may hereafter be entitled to receive on account of the Shares pledged hereunder, including without limitation, stock received by Pledgor due to stock splits or dividends paid in stock or sums paid upon or in respect of any securities pledged hereunder upon the liquidation or dissolution of the issuer thereof.

Pledge Collateral means the property of the Loan Parties in which security interests are to be granted under the Pledge Agreement or the Collateral Assignment. POTENTIAL DEFAULT shall mean any event or condition which with notice, passage of time or a determination by the Agent or the Required Banks, or any combination of the foregoing, would constitute an Event of Default. PRINCIPAL OFFICE shall mean the main banking office of the Agent in Pittsburgh, Pennsylvania. PRIOR SECURITY INTEREST shall mean a valid and enforceable perfected first-priority security interest under the Uniform Commercial Code in the UCC Collateral and the Pledge Collateral which is subject only to Liens for taxes not yet due and payable to the extent such prospective tax payments are given priority by statute or Purchase Money Security Interests as permitted hereunder.

Pledge Collateral means the certificates evidencing 100% of the ----------------- equity ownership interests of the Members in Borrower.

Pledge Collateral means, collectively, (i) the Original Pledge Collateral; and (ii) on and from the date of creation of any Lien in compliance with the conditions as set forth in Article 10, the relevant shares or securities over which a Lien has been created (including the Additional Collateral to the extent it is in the form of shares or securities), and in each case excluding any shares or securities over which a Lien has been released in compliance with the conditions as set forth in Article 10, on and from the date of such release.