Pledged Issuer definition

Pledged Issuer has the meaning specified therefor in the definition of the term “Pledged Shares”.

Pledged Issuer means, at any time, any Person which is at such time an Issuer with respect to any Pledged Securities or Pledged Security Entitlements.

Pledged Issuer means any Subsidiary of any Loan Party in its capacity as the “issuer” (as defined in the definition of “Equity Interest”) of any Subsidiary Equity Interest in which any Loan Party has any right, title or interest and which is subject to a Lien in favor of Agent for the benefit of the Secured Parties created under this Agreement or any Other Document.

Examples of Pledged Issuer in a sentence

• The Equity Interests pledged by such Grantor hereunder constitute all the issued and outstanding shares of all classes of the Equity Interests of each Pledged Issuer owned by such Grantor or, in the case of Foreign Subsidiary Voting Equity Interests, if less, 66% of the outstanding Foreign Subsidiary Voting Equity Interests of each relevant Pledged Issuer.

• If the constating documents of any Pledged Issuer (other than a ULC) restrict the transfer of the Securities of such Pledged Issuer, then the Borrower shall deliver to the Administrative Agent a certified copy of a resolution of the directors, shareholders, unitholders or partners of such Pledged Issuer, as applicable , consenting to the transfer(s) contemplated by this Agreement, including any prospective transfer of the Collateral by the Administrative Agent upon a realization on the Security Interests.

• Each Grantor agrees to cause such Pledged Issuer to comply with the provisions of the securities or “Blue Sky” laws of any and all jurisdictions which the Collateral Agent shall designate and to make available to its security holders, as soon as practicable, an earnings statement (which need not be audited) which will satisfy the provisions of Section 11(a) of the Securities Act.

• For the purposes of complying with any transfer restrictions contained in the Organizational Documents of any Pledged Issuer, the Borrower hereby irrevocably consents to any transfer of the Pledged Securities of such Pledged Issuer.

• There is no existing agreement, option, right or privilege capable of becoming an agreement or option pursuant to which the Borrower would be required to sell, redeem or otherwise dispose of any Pledged Shares or under which any Pledged Issuer has any obligation to issue any Securities of such Pledged Issuer to any Person.

More Definitions of Pledged Issuer

Pledged Issuer shall have the meaning assigned to such term in the U.S. Pledge and Security Agreement or the Canadian Pledge and Security Agreement, as applicable.

Pledged Issuer means individually, and “Pledged Issuers” means collectively, each of the “Pledged Issuers” set forth on Schedule 1.

Pledged Issuer means a Person the securities or ownership interests of which have been pledged pursuant hereto.

Pledged Issuer means any issuer of Pledged Collateral.

Pledged Issuer means any Subsidiary of any Loan Party in its capacity as the “issuer” (as defined in the definition of “Equity Interest”) of any Subsidiary Equity Interest in which any Loan Party has any right, title or interest and which is subject to a Lien in favor of Agent for the benefit of the Secured Parties created under this Agreement or any Other Document. “PNC” shall mean PNC Bank, National Association, and shall include all of its successors and assigns. “Post-Petition Obligations” shall have the meaning set forth in the definition of “Obligations”. “Prepayment Date” shall have the meaning set forth in Section 3.4. “Prepayment Premium” shall have the meaning set forth in Section 3.4. “Pro Forma Balance Sheet” shall have the meaning set forth in Section 5.5(a) hereof. “Pro Forma Financial Statements” shall have the meaning set forth in Section 5.5(b) hereof. “Projections” shall have the meaning set forth in Section 5.5(b) hereof. “Properly Contested” shall mean, in the case of any Indebtedness, Lien or Taxes, as applicable, of any Person that are not paid as and when due or payable by reason of such Person’s bona fide dispute concerning its liability to pay the same or concerning the amount thereof: (a) such Indebtedness, Lien or Taxes, as applicable, are being properly contested in good faith by appropriate proceedings promptly instituted and diligently conducted; (b) such Person has established appropriate reserves as shall be required in conformity with GAAP; (c) the non-payment of such Indebtedness or Taxes will not have a Material Adverse Effect or will not result in the forfeiture of any assets of such Person; (d) no Lien is imposed upon any of such Person’s assets with respect to such Indebtedness or taxes unless such Lien (x) does not attach to any Receivables or Inventory, (y) is at all times junior and subordinate in priority to the Liens in favor of Agent (except only with respect to property Taxes that have priority as a matter of applicable state law) and, (z) enforcement of such Lien is stayed during the period prior to the final resolution or disposition of such dispute; and (e) if such Indebtedness or Lien, as applicable, results from, or is determined by the entry, rendition or issuance against a Person or any of its assets of a judgment, writ, order or decree, enforcement of such judgment, writ, order or decree is stayed pending a timely appeal or other judicial review. “Published Rate” shall mean the rate of interest published each Business ...

Pledged Issuer with respect to any Grantor at any time, any Person which is an issuer of, or with respect to, any Pledged Captial Stock of such Grantor at such time.

Pledged Issuer means an Issuer of Pledged Stock.