Pledging Party definition

Pledging Party means the Secured Party’s Net Exposure minus the sum of:”

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Pledging Party has the meaning referred to under Section 6.01(a).

Pledging Party means the Borrower and each subsidiary of the -------------- Borrower who is party to a security agreement in favor of the Bank pledging to the Bank such subsidiary's accounts, inventory, equipment, and other related assets; provided, however, that Pledging Party shall also mean and -------- ------- include CGIT Westboro, Inc. ("CGIT") from and after the date of the acquisition of CGIT by the Borrower, CGIT to execute and deliver to the Bank a guaranty, security agreement, financing statements and such other documents (including, without limitation, an officer's certificate as to CGIT's charter documents, resolutions and authorized signatures) required by the Bank to create and perfect a security interest in CGIT's accounts, inventory, equipment, and other related assets within ninety (90) days of the Borrower's acquisition of CGIT.

Examples of Pledging Party in a sentence

• If the Parties have not been able to resolve their dispute on or before the second Business Day following the date that the demand is made by the Pledging Party, then the Pledging Party shall pursue remedies under the Agreement.

• If the Parties have not been able to resolve their dispute on or before the second Business Day following the date that the demand is made by the Secured Party, then the Pledging Party shall pay the amount of the Performance Assurance and pursue remedies under the Agreement.

• The costs and expenses (including but not limited to the reasonable costs, expenses, and attorneys' fees of the Secured Party) of establishing, renewing, substituting, canceling, and increasing the amount of a Letter of Cred it shall be borne by the Pledging Party.

• The Pledging Party shall in all events remain liable to the Secured Party for any amount payable by the Pledging Party in respect of any of its Obligations remaining unpaid after any such liquidation, application and set off.

• The costs and expenses (including but not limited to the reasonable costs, expenses, and attorneys' fees of the Secured Party) of establishing, renewing, substituting, canceling, and increasing the amount of a Letter of Credit shall be borne by the Pledging Party.

More Definitions of Pledging Party

Pledging Party means Borrower and each of its subsidiaries who has -------------- executed a security agreement in favor of Bank pledging to the Bank such subsidiaries accounts, inventory, equipment and other related assets.

Pledging Party shall have the meaning attributed to it in Section II. 57

Pledging Party under the Equity Pledge Agreement) shall be deemed to be references to New Mountain Private Credit Fund. The Lenders, by their execution of this Agreement, hereby authorize and direct the Collateral Administrator, the Collateral Agent and the Administrative Agent to execute and deliver the Omnibus Amendment and Af f irmation. SECTION 12.

Pledging Party shall have the meaning set forth in Section 2.1.

Pledging Party shall have the meaning set forthattributed to it in Paragraph 3 herein37.

Pledging Party means either Party, when such Party has an obligation to Transfer Eligible Collateral to the other Party and/or has provided Performance Assurance under the terms of this Collateral Annex.

Pledging Party means the Borrower and each subsidiary of the -------------- Borrower who is party to a security agreement in favor of the Bank pledging to the Bank such subsidiary's accounts, inventory, equipment, and other related assets. Section C. Amendment to Section 2 of the Loan Agreement. Effective as of -------------------------------------------- the date hereof, each of the following sections in Section 2 ("LOAN AMOUNTS AND --------- TERMS") of the Loan Agreement is hereby amended and restated to read in its entirety as follows: