Pledge of Property Sample Clauses

Pledge of Property. The pledged property is the accounts receivable lawfully owned by the Pledgor (for a detailed description, please see Section 3, Article X, of this Contract). The accounts receivable as mentioned herein refer to the right of the Pledgor to demand the obligor to make payments in return for offering certain goods, services or facilities, including existing and potential monetary claims and the proceeds thereof, but not including the right to claim payments from bills or other negotiable securities. The accounts receivable as mentioned herein include the following rights:
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Pledge of Property. At any time and from time to time at the written request of the Agent, each Borrower or Guarantor shall execute, deliver and, if requested, record and/or file such security agreements, pledge agreements, mortgages and/or related or similar documents as the Agent shall reasonably request and take such further action as the Agent shall reasonably request, in each case, in order to grant to the Agent (or other Person selected by the Agent) for the benefit of the Banks, a Lien on all of such Borrower's right, title and interest in all real or personal property owned by such Borrower or Guarantor or any real or personal property acquired by such Borrower or Guarantor after the Closing Date or, to the extent such Borrower or Guarantor becomes a Borrower or Guarantor after the Closing Date, all of such Borrower's right, title and interest in any and all assets of such Borrower or Guarantor, in each case as additional collateral for the obligations of the Borrowers to the Agent and the Banks under this Agreement and the other Loan Documents.
Pledge of Property. 68 5.13 Notice and Joinder of New Subsidiaries..................................................................... 68 5.14
Pledge of Property. 46 Section 7.10 Books and Records; Collateral Access Agreements. 46 Section 7.11 Additional Subsidiaries. 46 Section 7.12 Depository Relationship. 47 Section 7.13 Environmental Matters. 47 Section 7.14 Maintenance of Reinsurance 47 Section 7.15 Post-Closing Obligations 47 Section 8. NEGATIVE COVENANTS 47 Section 8.1 Indebtedness. 47 Section 8.2 Liens. 48 Section 8.3 Restricted Payments. 49 Section 8.4 Burdensome Agreements. 49 Section 8.5 Investments. 50 Section 8.6 Financial Covenants. 51 Section 8.7 Fundamental Changes; Asset Sales. 52 Section 8.8 Transactions with Affiliates. 52 Section 8.9 Use of Proceeds. 53 Section 8.10 Conduct of Business. 53 Section 8.11 Fiscal Year. 53
Pledge of Property. As security for the Secured Obligations, the Grantor hereby grants to Secured Party a security interest in, and assigns, transfers, conveys, pledges and hypothecates to Secured Party, all of the Grantor’s right, title and interest in and to the following (collectively, the “Property”): (i) the stock described in Exhibit A and all proceeds thereof (the “Stock”), (ii) any additional shares of the capital stock of the Company, of whatever class or description acquired by Grantor by exchange or replacement at any time after the date hereof (the “Additional Stock”), (iii) any stock or other securities issued in exchange or replacement for the Stock or Additional Stock (which, together with the Stock and Additional Stock, is herein called the “Pledged Stock”), (iv) all proceeds of any of the foregoing, and (v) all dividends (cash or otherwise), rights to receive dividends, stock dividends, dividends paid in stock, distributions upon redemption or liquidation, distributions as a result of split-ups, recapitalizations or rearrangements, stock rights, rights to subscribe, voting rights and rights to receive securities.
Pledge of Property. 48 5.14 Covenants Regarding Formation of Subsidiaries and Acquisitions ................................................ 48 5.15
Pledge of Property. At any time and from time to time at the written request of the Bank, execute, deliver and, if requested, record and/or file such security agreements, pledge agreements and/or related or similar documents as the Bank shall reasonably request and take such further action as the Bank shall reasonably request, in each case, in order to grant to the Bank a Lien on all real or personal property or leasehold interests owned by the Borrower.
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Pledge of Property. As security for all obligations, in an aggregate amount not to exceed the Required Collateral Amount (as defined below), of (i) Borrower to you (whether now existing or hereafter arising, whether absolute or contingent, whether originally owed to you or acquired by you by assignment and however evidenced) under that certain Promissory Note issued by Borrower to you, dated June 3, 2004 (the "Secured Note") (but only on the terms and conditions of the Secured Note attached as Appendix A hereto, except to the extent approved in writing by us), and (ii) us to you under this Pledge ((i) and (ii), collectively, the "Secured Obligations"), we pledge and assign to you and grant to you a security interest in the Property (as defined in III. below).

Related to Pledge of Property

  • Sale of Property Seller agrees to sell, transfer and assign and Buyer agrees to purchase, accept and assume, subject to the terms and conditions set forth in this Agreement and the Closing Documents, all of Seller’s right, title and interest in and to the Property.

  • Release of Property Except as set forth in this Section 2.6, no repayment, prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the Property.

  • Lease of Property Landlord, for and in consideration of the covenants and agreements herein contained on the part of Tenant to be paid, kept, observed, and performed, hereby leases to Tenant, and Tenant hereby leases from Landlord for the Term (as hereinafter defined), the Property. Tenant’s use of the Property shall be in compliance with the terms of this Lease.

  • Release of Properties From time to time the Borrower may request, upon not less than 10 days prior written notice to the Administrative Agent (or such shorter period as may be acceptable to the Administrative Agent in its sole discretion), that a Borrowing Base Asset be no longer considered a Borrowing Base Asset, which release (a “Property Release”) shall be effected by the Administrative Agent if the Administrative Agent determines all of the following conditions are satisfied as of the date of such Property Release:

  • Sale of Properties The Borrower will not, and will not permit any of the Guarantors to, sell, assign, farm-out, convey or otherwise transfer any Property except for: (a) the sale of Hydrocarbons in the ordinary course of business; (b) farmouts of undeveloped acreage and assignments in connection with such farmouts; (c) the sale or transfer of equipment that is no longer necessary for the business of the Borrower or such Subsidiary or is replaced by equipment of at least comparable value and use; (d) sales or other dispositions (excluding Casualty Events) of Oil and Gas Properties or any interest therein or Subsidiaries owning Oil and Gas Properties; provided that (i) 100% of the consideration received in respect of such sale or other disposition shall be cash and/or publicly traded securities, (ii) the consideration received in respect of such sale or other disposition shall be equal to or greater than the fair market value of the Oil and Gas Property, interest therein or Subsidiary subject of such sale or other disposition (as reasonably determined by the board of directors of the Borrower and, if requested by the Administrative Agent, the Borrower shall deliver a certificate of a Responsible Officer of the Borrower certifying to that effect), (iii) if such sale or other disposition of Oil and Gas Property or Subsidiary owning Oil and Gas Properties included in the most recently delivered Reserve Report during any period between two successive Scheduled Redetermination Dates has a fair market value (as determined by the Administrative Agent), individually or in the aggregate, in excess of $5,000,000, the Borrowing Base shall be reduced, effective immediately upon such sale or disposition, by an amount equal to the value, if any, assigned such Property as determined by the Required Lenders assigned such Property in the most recently delivered Reserve Report and (iv) if any such sale or other disposition is of a Subsidiary owning Oil and Gas Properties, such sale or other disposition shall include all the Equity Interests of such Subsidiary; and (e) sales and other dispositions of Properties not regulated by Section 9.12(a) to (d) having a fair market value not to exceed $250,000 during any 12-month period.

  • Use of Property Each Individual Property is used exclusively for hotel purposes and other appurtenant and related uses.

  • Maintenance of Properties and Leases Each Loan Party shall, and shall cause each of its Subsidiaries to, maintain in good repair, working order and condition (ordinary wear and tear excepted) in accordance with the general practice of other businesses of similar character and size, all of those properties useful or necessary to its business, and from time to time, such Loan Party will make or cause to be made all appropriate repairs, renewals or replacements thereof.

  • Properties and Leases Except as would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect, the Company and the Company Subsidiaries have good and marketable title to all real properties and all other properties and assets owned by them, in each case free from liens (including, without limitation, liens for Taxes), encumbrances, claims and defects that would affect the value thereof or interfere with the use made or to be made thereof by them. Except as would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect, the Company and the Company Subsidiaries hold all leased real or personal property under valid and enforceable leases with no exceptions that would interfere with the use made or to be made thereof by them.

  • Disposition of Property Dispose of any of its property, whether now owned or hereafter acquired, or, in the case of any Subsidiary, issue or sell any shares of such Subsidiary’s Capital Stock to any Person, except:

  • Transfer of Property All property owned by the Company shall be registered in the Company’s name, in the name of a nominee or in “street name” as the Board of Managers may from time to time determine. Any corporation, brokerage firm or transfer agent called upon to Transfer any Securities to or from the name of the Company shall be entitled to rely on instructions or assignments signed or purported to be signed by any Officer or Manager without inquiry as to the authority of the Person signing or purporting to sign such instructions or assignments or as to the validity of any Transfer to or from the name of the Company. At the time of any such Transfer, any such corporation, brokerage firm or transfer agent shall be entitled to assume that (i) the Company is then in existence and (ii) that this Agreement is in full force and effect and has not been amended, in each case, unless such corporation, brokerage firm or transfer agent shall have received written notice to the contrary.

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