Secondary Pledge definition

Secondary Pledge means the second priority pledge created by the Issuer over all shares pledged under each Share Pledge Agreement as Security for the obligations of the Issuer under the EUR 15,000,000 revolving facility agreement dated on or prior to the First Issue Date by and between the Issuer as borrower and Danske Bank Oyj as original lender.
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Secondary Pledge means a pledge constituted under Clause 2.2.
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Examples of Secondary Pledge in a sentence

  • Unless and until there shall have occurred and be continuing an Event of Default, all cash dividends, cash distributions, cash Proceeds and other cash amounts payable in respect of the Collateral shall be paid to the Pledgors, subject to the terms of the Secondary Pledge Agreement.

  • All capital stock of the Borrower, Arlington, GMSCII or any Subsidiary Guarantor described in clause (x) or (y) of the definition thereof issued in accordance with this Section 9.13(b) shall be delivered to the Collateral Agent pursuant to the Pledge Agreement or the Secondary Pledge Agreement, as applicable, subject to the Intercreditor Agreements.

  • All capital stock of the Borrower, Arlington, GMSC or any Subsidiary Guarantor described in clause (x) or (y) of the definition thereof issued in accordance with this Section 9.13(b) shall be delivered to the Collateral Agent pursuant to the Pledge Agreement, the Parent Pledge Agreement or the Secondary Pledge Agreement, as applicable, subject to the Intercreditor Agreements.

  • Each of the Secondary Pledges shall rank pari passu to each other Secondary Pledge created hereunder.

  • The Company, at its expense, shall from time to time execute and deliver to Jacor all such other assignments, certificates, supplemental documents, and financing statements, and shall do all other acts or things as Jacor may reasonably request in order to more fully create, evidence, perfect, continue, and preserve the priority of the lien herein created or to otherwise obtain the full benefits of this Secondary Pledge Agreement.

  • Wherever possible each provision of this Secondary Pledge Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Pledge Agreement shall be prohibited by or invalid under such law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Secondary Pledge Agreement.

  • All capital stock of the Borrower, Arlington, GMSCII or any Subsidiary Guarantor described in clause (x) or (y) of the definition thereof issued in accordance with this Section 10.15(b) shall be delivered to the Collateral Agent pursuant to the Pledge Agreement or the Secondary Pledge Agreement, as applicable, subject to the Intercreditor Agreements.

  • This Secondary Pledge Agreement shall be binding on the Company and its successors and assigns and shall inure to the benefit of Jacor and their respective successors and assigns.

  • Except as provided in Section 5.3 of the Credit Agreement, no material authorization, consent or approval of, and no notice to or filing with, any person or government agency (other than as specified in Section 6 hereof) is required in connection with the execution, delivery and performance of this Secondary Pledge Agreement which has not been obtained.

  • Section captions used in this Secondary Pledge Agreement are for convenience of reference only and shall not affect the construction of this Secondary Pledge Agreement.

Related to Secondary Pledge

  • Subsidiary Pledgor or a "Pledgor" in the Pledge Agreement shall be deemed to include the New Pledgor. The Pledge Agreement is hereby incorporated herein by reference.

  • Subsidiary Pledge Agreement means each pledge agreement substantially in the form of the Subsidiary Pledge Agreement set forth as Exhibit F hereto executed and delivered to the Agent by each Subsidiary of the Borrower which owns any equity interest of any Person, as the same may be amended, restated, modified or supplemented from time to time.

  • Equity Pledge Agreement means the Equity Pledge Agreement, dated as of May 15, 2018, among the Company, as pledgor, and the Collateral Agent, as security agent, pursuant to which the Company pledges all of its rights, title and interest in the equity interests in the Permitted Subsidiary to the Collateral Agent, for the benefit of the Secured Parties.

  • Company Pledge Agreement means the Company Pledge Agreement dated as of August 4, 1995, executed and delivered by Company, as such Company Pledge Agreement may be amended, supplemented or otherwise modified from time to time.

  • Note Pledgee shall have the meaning assigned to such term in Section 14(c).