Stock Lien definition
Examples of Stock Lien in a sentence
Each Holder of the Notes, by acceptance of the Notes, hereby authorizes the Trustee and the Collateral Trustee, as applicable, on behalf of and for the benefit of the Holders, to be the agent for and representative of the Holders with respect to the Note Guarantees, the Collateral and the Stock Lien Security Documents.
Each Holder of Notes, by its acceptance thereof, consents and agrees to the terms of the Stock Lien Security Documents (including, without limitation, the provisions providing for foreclosure and release of Collateral) as the same may be in effect or may be amended from time to time in accordance with its terms and authorizes and directs the Collateral Trustee to enter into the Stock Lien Security Documents and to perform its obligations and exercise its rights thereunder in accordance therewith.
Subject to the provisions of the Indenture and the other Stock Lien Security Documents, the Company may incur additional First-Priority Stock Secured Debt by issuing Additional Notes under the Indenture or issuing or increasing any other Series of First-Priority Stock Secured Debt.
The foregoing provision is intended for the benefit of, and shall be enforceable as a third party beneficiary by, each present and future holder of First-Priority Stock Secured Obligations, each present and future First-Priority Stock Lien Representative and the Collateral Trustee as holder of First-Priority Stock Liens.
The Notes are secured by a pledge of the Collateral pursuant to the Stock Lien Security Documents referred to in the Indenture.
The Notes are secured by a first-priority pledge of the Collateral pursuant to the Stock Lien Security Documents referred to in the Indenture.
It is understood and agreed that any Indebtedness, Preferred Stock, Disqualified Stock, Lien, Restricted Payment, Investment, disposition and/or Affiliate Transaction need not be permitted solely by reference to one category under the applicable covenant, but may instead be permitted in part under any combination thereof or under any other available exception.
All issued and outstanding shares of capital stock of each TMMPT Subsidiary are directly owned by TMMPT, free and clear of any Stock Lien, except for a nominal number of shares of capital stock of each TMMPT Subsidiary directly owned by Affiliates of a Seller as set forth in Schedule 3.02(g).
As of the date of this Agreement, Grupo TMM owns, beneficially and of record, all right, title and interest in and to fifty-one percent (51%) of the issued and outstanding capital stock of API Acapulco, free and clear of any Stock Lien and SSA Mexico owns, beneficially and of records, all right, title and interest in and to forty-nine percent (49%) of the issued and outstanding capital stock of API Acapulco, free and clear of any Stock Lien.
As of the Closing Date, Purchasers will have collectively acquired all of Sellers' collective right, title and interest in and to the Stock, free and clear of any Stock Lien, and upon delivery by Sellers to Purchasers of the certificates representing all of the Stock in accordance with Section 2.03(b)(i), none of Sellers, Grupo TMM or any Affiliate of a Seller or Grupo TMM will have any right, title or interest in or to any of the Stock.