Examples of Pledged Subsidiaries in a sentence
All securities issued by the Pledged Subsidiaries and owned by Pledgor are hereinafter referred to as the “Pledged Securities”.
The outstanding capital stock and voting securities of each of the Pledged Subsidiaries has been duly authorized and is validly issued, fully paid and non-assessable.
If an Event of Default shall have occurred and be continuing, the Pledgor shall take any action, and shall cause the Pledged Subsidiaries to take any action, which CoBank may reasonably request in order to seek FCC consent to, and subsequent thereto, to consummate, the transfer and assignment to CoBank, or to such one or more third parties as CoBank may designate, or to a combination of the foregoing, of each FCC license or permit owned by the Pledged Subsidiaries.
DEP owns one hundred percent (100%) of the issued and outstanding equity interests in each of the DEP Pledged Subsidiaries (collectively, DEP, NMG Ohio, and the DEP Pledged Subsidiaries being, the “Pledged Entities”).The pledge, assignment and delivery of the Pledged Collateral pursuant to the Pledge Agreement creates a valid first priority lien.
Pledged Assetsas of December 31, 2016According to the Deeds of Trust, the Company established and registered primary, exclusive pledges with no limitations of amounts over all of the Group's interests in GTC RE, KFS, TGI, EMERGING (the ‘Pledged Subsidiaries’), including all benefits which will emanate from these interests and all the rights of the Group in loans granted to the Pledged Subsidiaries.