Pledged Shares definition
Examples of Pledged Shares in a sentence
IT BEING UNDERSTOOD that in the case of any Pledged Shares or other Investment Property, the security interest hereunder shall include all economic and governance rights, including all rights to vote, consent to action and otherwise participate in the management of the issuer of any such Pledged Shares or other Investment Property.
Annex 2 (Part A) correctly identifies, as at the date hereof, the respective Issuers of the Initial Pledged Shares and (in the case of any corporate Issuer) the respective class and par value of such Shares and the respective number of such Shares (and registered owner thereof) represented by each such certificate.
Each Grantor acknowledges and agrees that the irrevocable proxy granted to the Secured Party by such Grantor pursuant to the preceding sentence with respect to the Pledged Shares held by such Grantor is coupled with an interest and, subject in all respects to Section 5.04(a)(v), shall be exercisable by the Secured Party after the occurrence and during the continuance of any Event of Default, regardless of the length of any such period of time (so long as such Event of Default remains continuing).
The Initial Pledged Shares constitute 100% of the issued and outstanding Shares of each Issuer thereof as of the date hereof.