Pledge of the Shares. Pledgor hereby pledges the Shares to Pledgee to secure the full and prompt payment all principal and interest due or to become due under the aforesaid Note.
Pledge of the Shares. Borrower agrees that at any time, and from time to time, upon the occurrence and during the continuance of an Event of Default, it shall grant to Bank a first priority lien on and security interest in the Shares to secure the payment and performance of Borrower's Liabilities and shall enter into a pledge agreement attached hereto in the form of Exhibit A hereto (the "Pledge Agreement"). Upon the occurrence of an Event of Default, the possession of the Shares under this Agreement shall constitute possession for purposes of perfection under Article 9 of the Illinois Uniform Commercial Code. The pledge of such Shares shall remain effective until the earlier to occur of (i) Borrower's Liabilities are fully paid and satisfied or (ii) the time when no Event of Default or Default is continuing. For purposes of this Section 2 only, an Event of Default resulting from a breach of the financial covenants contained in Paragraph 7.2(i) of the Loan Agreement shall be deemed not continuing if, at the time of measurement thereof, Borrower is in compliance with such financial covenants as of the end of the most recent fiscal quarter or year end, as the case may be.
Pledge of the Shares. (a) The Executive Officer hereby pledges the Shares, together with any proceeds of the Shares, to the Company to secure the full and punctual payment, performance and discharge of the Promissory Note and the Tax Note. The Company shall return all Shares pledged under this Agreement to the Executive Officer on the payment of all principal and interest due under the Promissory Note and the Tax Note.
Pledge of the Shares. As collateral security for the -------------------- obligations of Pledgor under the Note, Pledgor hereby pledges and grants a security interest to Pledgee in the Shares, together with any securities, issued or received, in respect of, or in exchange or in substitution for the Shares, including but not limited to those arising from a stock conversion, stock dividend, or stock split (collectively referred to as the "Collateral").
Pledge of the Shares. For the full payment and discharge of the Secured Obligations, the Pledgor hereby grants to the Pledgee irrevocably and unconditionally a pledge over the Shares and over all proceeds thereof including all Dividends, cash, instruments, warrants, options and other rights, title, property or proceeds, benefits and products from time to time received, receivable or otherwise distributed in respect of or in exchange for the Shares as security for the prompt and complete payment when due of the Secured Obligations. The Pledgor moreover undertakes to pledge any shares (if any) in the Company which will be issued in the future by the Company and subscribed by the Pledgor, as security for the prompt and complete payment when due of the Secured Obligations so that in the aggregate the Shares shall always represent 100% of the issued shares of the Company at any time.
Pledge of the Shares. (a) Without prejudice to and in addition to Lender’s right toward the Guarantor under Article 4 of this Agreement, as security for the performance in full of the obligations of the Borrower and the Guarantor under this Agreement, the Borrower, Micron Technology Asia Pacific (each, a “Pledgor” and collectively, the “Pledgors”) and the Lender shall enter into a share pledge agreement in the form and substance attached hereto as Exhibit B (the “Pledge Agreement”) and the Pledgors shall create a first priority security interest maximum amount pledge in favor of the Lender in an amount not to exceed five hundred million U.S. dollars ($500,000,000), which amount shall be decreased to two hundred fifty million U.S. dollars ($250,000,000) when the Borrower repays the NPC Loan in full on the Drawdown Date (the “Pledge”), in all of the right, title and interest of the Pledgors in and to (i) all of the Shares, and (ii) all rights and privileges of the Pledgors, whether now owned or hereafter acquired, with respect to the Shares, all proceeds, income and profits thereof and all property received in exchange or substitution therefore (items (i) and (ii) collectively, the “Collateral”).
Pledge of the Shares. As additional security for the Pledgor's due and timely payment and performance of its Obligations to Lender, the Pledgor hereby pledges to Lender, and grants to Lender a first priority lien and security interest in, all of the Shares, and all proceeds thereof, until such time as all of the Obligations have been complied with and paid in full. In furtherance of such pledge, Pledgor is delivering herewith to Lender its original stock certificate representing all of its Shares, accompanied by an undated stock power duly endorsed in blank for transfer by the Lender.
Pledge of the Shares. As collateral for all of the Pledgor's present and future obligations to the Pledgee according to the Bridge Loan Agreement, the Pledgor hereby pledges to the Pledgee (i) all the Shares including Dividends and such other securities which are from time to time held or are recorded in the Deposit Account and (ii) all funds deposited from time to time in the connected Cash Account.
Pledge of the Shares. Pledgor hereby pledges, hypothecates, assigns and transfers the Escrow Interests to Pledgee and hereby grants to Pledgee a lien on and security interest in the Escrow Interests to secure the full and prompt payment of the SPA Obligation.
Pledge of the Shares. (a) As security for the due and timely payment of the Obligations, the Pledgors hereby pledge to the Pledgee, and grants to the Pledgee a first priority lien and security interest in, all of the Shares (as same are constituted from time to time) until the Satisfaction Date.
