Pledge Document definition
Examples of Pledge Document in a sentence
No failure by the Collateral Agent or any Secured Party to exercise, and no delay in exercising and no course of dealing with respect to, any right or remedy under any Pledge Document shall operate as a waiver thereof; nor shall any single or partial exercise by the Collateral Agent or any Secured Party of any right or remedy under any Loan Document preclude any other or further exercise thereof or the exercise of any other right or remedy.
The voting rights and the dividends are regulated by Article 5 of the aforementioned Pledge Document.
A Lender which is barred by its constitutional documents, by-laws or otherwise from granting such exemption shall promptly notify the Collateral Agent accordingly and shall execute such document and/or do such act or make such declaration in relation to a German Share Pledge Document as the Collateral Agent requests.
Neither the Collateral Agent nor any officer, agent or representative thereof shall be personally liable for any action taken or omitted to be taken by any such person in connection with this Pledge Agreement or any other Pledge Document except for such person's own negligence or willful misconduct.
Subject to the provisions of Section 8, this Pledge Agreement and each other Pledge Document, and all obligations of the Pledgors hereunder and thereunder (excluding those obligations and liabilities that expressly survive such termination) shall terminate without delivery of any instrument or performance of any act by any party on the Facility Termination Date.
No failure by the Collateral Agent or any Secured Party to exercise, and no delay in exercising and no course of dealing with respect to, any right or remedy under any Pledge Document shall operate as a waiver thereof; nor shall any single or partial exercise by the Collateral Agent or any Secured Party of any right or remedy under the Indenture, any Pledge Document or any Secured Agreement preclude any other or further exercise thereof or the exercise of any other right or remedy.
The terms beginning capital letters in this summary document have the same meaning attributed to them in the Pledge Document.
The rules of interpretation contained in Section 1.5 of the Credit Agreement shall be applicable to each Pledge Document and are hereby incorporated by reference.
On the Closing Date and at any time thereafter that a Pledge Document shall come into the Servicer's possession, other than as provided in this Section 2.10, the Servicer, at the Servicer's expense, shall deliver all Pledge Documents in the Servicer's possession to the Indenture Trustee and retain a copy of each such Pledge Document in the appropriate Servicing File.
Each Loan Party which owns any Equity Interest in any other Subsidiary has duly executed and delivered the applicable Pledge Document to the extent required under Section 6.13.