Examples of Pledged Shares in a sentence
For the avoidance of doubt, to the extent the Seller does not make-up the number of Additional Pledged Shares, as aforesaid, then, without derogating from any other remedy available to the Buyer under this Agreement or Applicable Law, the Buyer shall have the right (but not the obligation) to assume the Bank Loan and receive the Pledged Shares in accordance with the terms of this Agreement, all subject to the conditions set forth in Section 18 of the Bank Loan and Section 21 of the Assumed Loan Agreement.
Upon an Assumption, any Pledged Shares (other than the Remaining Pledged Shares), any amount remaining in the Deposit and any Additional Pledged Shares which are not required to secure payment of an interest payment due and payable under the Bank Loan prior to the Assumption Closing shall be released to the Seller free and clear of any Encumbrances.
Seller is the owner of the Purchased Shares, the Pledged Shares, the Additional Pledged Shares and the Indemnification Shares held by and in the name of the Trust Company of Bank HaPoalim Ltd.
Immediately, but, in no event later than 10 days following any sale of any Additional Pledged Shares, the Seller shall add to the number of the remaining Additional Pledged Shares such number of Company Ordinary Shares as would make the number of Additional Pledged Shares equal to 1,700,000.
For the avoidance of doubt, the sale of any Additional Pledged Shares by the Buyer shall not be deemed to be an exclusive remedy with respect to any breach of Seller's undertakings to pay any interest under the Bank Loan until the Assumption Closing.