Pledged Units definition

Pledged Units means any Units pledged by a Limited Partner to the Partnership or the General Partner, whether pursuant to this Agreement or by separate agreement.

Pledged Units has the meaning set forth in Section 10.8.

Pledged Units means (a) the Common Units that have been pledged, or any Common Units that become pledged, to the Administrative Agent for the benefit of the Lenders and the other secured parties pursuant to the Security Instruments (as defined in the Credit Agreement) as security for the repayment of all obligations owing to the Administrative Agent and the Lenders pursuant to the Credit Agreement and the other Loan Documents (as defined in the Credit Agreement), including, without limitation, the Common Units described on Schedule 1 attached hereto, and (b) any security issued in respect of a Common Unit because of or in connection with any conversion, dividend, distribution or split, or in connection with a combination of shares, recapitalization, merger or consolidation.

Examples of Pledged Units in a sentence

• The AMC and / or the ISC will note and record such Pledged Units.

• The AMC and / or the Registrar will note and record such Pledged Units.

• In addition, in no event shall more than 30% of the Units, the Other Units and the Pledged Units in the aggregate (as determined by mileage records and measured at the end of each calendar quarter for the 12 month period ending on the last day of the calendar quarter immediately preceding such calendar quarter) be used in Mexico.

• The sale of the Units described on Schedule 1-A hereto and the Existing Equipment Subleases, the Pledged Units and the Existing Pledged Equipment Leases by TRLTII contemplated hereby is intended for all purposes to be a true sale of all of TRLTII's right, title and interest in and to such Units, the Existing Equipment Subleases, the Pledged Units and the Existing Pledged Equipment Leases to the Lessee, which shall be the legal owner thereof upon such sale.

• Pledgor agrees that nothing set forth herein shall alter, diminish or otherwise affect its obligations under the LLC Agreement or any other agreement between Pledgor and HCPI or the Down REIT Sub relating to the Pledged Units or Pledged Shares.

More Definitions of Pledged Units

Pledged Units means the HEP Units described on Schedule 1 attached hereto (as such schedule may be supplemented or otherwise modified from time to time pursuant to a supplement hereto or other written agreement executed by Pledgor and Secured Party).

Pledged Units mean each unit or item of Pledged Equipment.

Pledged Units means (a) the Common Units that have been pledged, or any Common Units that from time to time become pledged, to the Noteholder Representative for the benefit of the Noteholders and any other secured parties pursuant to the Collateral Documents as security for the repayment of all obligations owing to the Noteholder Representative and the Noteholders pursuant to the Note Purchase Agreement and the other Notes Documents including, without limitation, the Common Units listed on Schedule 1 hereto, and (b) any security issued in respect of the Common Units described in clause (a) because of or in connection with any conversion, dividend, distribution or split, or in connection with a combination of shares, recapitalization, merger, consolidation or other reorganization.

Pledged Units means, as of any date of determination, the Initial Units and, following any exercise of the Pledged Warrants, the Underlying Units included in the Collateral as of such date.

Pledged Units means all of Pledgor’s right, title and interest in and to: (i) the Pledged HEP Units; (ii) any and all now existing and hereafter arising rights of Pledgor to receive distributions or payments from HEP pursuant to the Pledged HEP Units, whether in cash or in kind or in the form of other Partnership Securities, and all options, rights, warrants, appreciation rights and other economic rights and interests of any nature of Pledgor as a limited partner in HEP arising out of any Pledged HEP Units; (iii) any and all now existing and hereafter acquired voting rights of Pledgor arising out of any Pledged HEP Units, whether provided for under the Operating Agreements, applicable law or otherwise; (iv) if any Pledged Units are now or in the future evidenced in certificate form, the Pledged Units shall include all such certificates; and (v) all Proceeds of all of the foregoing. For avoidance of doubt, the “Pledged Units” do not include any HEP General Partner Interests (or any rights, distributions or proceeds arising out or derived from such HEP General Partner Interest), and Secured Party shall have no recourse against such HEP General Partner Interest arising out of or related in any way to this Pledge Agreement.

Pledged Units has the meaning given to such term in Section 3.1(a).

Pledged Units has the meaning set forth in Section 5.5(e)(i).