Springing Pledge definition

Springing Pledge the Springing Pledge Agreement dated as of December 16, 2021 made by CAREF in favor of Agent, for the benefit of the Lenders, and acknowledged by CAL, as amended, restated, supplemented and otherwise modified from time to time.
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Examples of Springing Pledge in a sentence

  • Pledgee is willing to extend such financing, but only on the condition, among others, that Pledgor shall first have executed and delivered to Pledgee this Springing Pledge and Security Agreement.

  • Nothing contained in this section shall adversely affect the Bank’s rights on or after the occurrence of an Event of Default to dispose of the Restricted Shares and the Acceptable Securities in accordance with the Loan Documents and use the proceeds thereof and apply the Cash Collateral in payment of the 2006 Term Loan, the 2005/2004 Term Loan Mandatory Prepayment or the other Secured Obligations as defined in the Springing Pledge Agreement.

  • The Bank shall have received (i) this Agreement, (ii) the Springing Pledge Agreement, (iii) the Negative Pledge Agreement, (iv) the Pledge Agreement Deposit Account, (v) the Acceptable Securities Pledge Agreement and all other Loan Documents, executed and delivered by the Borrower.