Acknowledgement of Pledge Sample Clauses

Acknowledgement of Pledge. Vodavi Comm hereby acknowledges receipt of a copy of that certain pledge agreement dated of even date herewith executed by Vodavi in favor of Investment Manager, for the benefit of Lender (the “New Pledge”). Vodavi Comm agrees promptly to note on its books the security interests granted under the New Pledge, and waives any rights or requirement at any time hereafter to receive a copy of such New Pledge in connection with the registration of any Pledged Collateral (as defined in each New Pledge) in the name of investment Manager, for the benefit of Lender or its nominee or the exercise of voting rights by Investment Manager, for the benefit of Lender.
Sample 1
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Acknowledgement of Pledge. A duly executed Acknowledgement of Pledge, in form and substance substantially similar to the form attached as Schedule 2 to the Canadian Pledge Agreement, from the Canadian Borrower to the Canadian Agent with respect to the new shares issued by the U.S. Borrower to the Canadian Borrower in connection with the Acquisition.
Sample 1
Acknowledgement of Pledge. Pursuant to the Equity Pledge Agreement, dated as of July 19, 2013 (the “Pledge Agreement”), among the Company, the Member and Silicon Valley Bank (the “Lender”), the Member has granted a lien and security interest in the Membership Interests, and all of its rights and interests under this Agreement (such lien and security interest as more fully described in the Pledge Agreement, the “Pledge”), to theLender to secure certain obligations under the Credit Agreement, dated as of July 19, 2013, among the Company and the Lender (the “Credit Agreement”).
Sample 1
Acknowledgement of Pledge. The Company and Globalstar acknowledge that the Loral Warrant registered in the name of Loral, and the related Loral Warrant Shares to be registered in the name of Loral, are (and in the case of the Warrant Shares, will be upon issuance) and any proceeds in respect thereof, pledged to Lockheed pursuant to Section 4.4 of the Fee Agreement and the provisions of the Distribution Agreement. The Company and Globalstar covenant and agree that the terms of any underwriting, distribution or agency agreement entered into by the Company or Globalstar will include provisions providing that, if Loral makes a Loral Sale Election, then any securities or cash proceeds obtained from the sale of the Loral Warrant Shares shall be delivered to, and deposited with, Lockheed as security for Loral's obligations pursuant to Section 4.4 of the Fee Agreement and the provisions of the Distribution Agreement.
Sample 1
Acknowledgement of Pledge. Borrower by its execution below hereby expressly acknowledges that the grant and pledge by Borrower to Administrative Agent, for the benefit of itself and Lenders, of a security interest in its property pursuant to the Security Agreement includes (and Borrower hereby expressly remakes such grant and pledge) all accounts associated with the ConEd Purchase Payments, including any and all proceeds thereof, subject to the subordination provisions set forth herein. Strategic Energy/Consent May 31, 2006
Sample 1
Acknowledgement of Pledge. American Savings, FSB acknowledges and consents to the pledge of its stock as set forth hereinabove, and further represents and warrants to the Lenders that it will not cause any additional stock to be authorized and/or issued until the Closed-End Line of Credit facility is paid in full. AMERICAN SAVINGS, FSB By: _____________________________ Printed Name:_____________________ Title:_____________________________ EXHIBIT 2 Term Note $1,000,000.00 [amount of note ] Munster, Indiana ___________________ [date ]
Sample 1
Acknowledgement of Pledge. The City and the County acknowledge and consent to the Agency pledging for the benefit of the holders of FTA Bonds, the Agency Portion of the Increment Payments; provided the proceeds of the FTA Bonds issued by the Agency are used exclusively to fund the FTA Funded Public Use Improvements and debt service related to the FTA Bonds issued by the Agency. The City and County agree not to take any actions or fail to take any actions that would interfere with the ability of the Agency to perform under agreements related to the FTA Bonds issued by the Agency. The City and County shall execute and deliver agreements and instruments reasonably requested by the holders of the FTA Bonds issued by the Agency from time to time acknowledging the obligation not to interfere contemplated herein and the payment obligations described in Section 5.2 above.
Sample 1
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Related to Acknowledgement of Pledge

  • NOTICE OF PLEDGE 4.1 Subject to Clause 4.3 below the Pledgor undertakes that it will without undue delay, but not later than twenty business days after the date of this Agreement, and, in relation to any Account opened after the date of this Agreement, within ten business days after such new Account has been opened, notify each Account Bank and any other relevant third party of the Pledges by delivering a notification substantially in the form set out in Schedule 3 (Form of Notice of Pledge) by registered mail (Einschreiben mit Rückschein). The Pledgor shall provide the Collateral Agent with a copy of each such notification and of the corresponding return receipt (Rückschein). In addition, the Pledgor shall use all reasonable efforts to procure that each Account Bank promptly acknowledges receipt of the respective notification, and acceptance of the terms thereof, to the Collateral Agent and to the Pledgor.

  • Acknowledgement of Rights The Company acknowledges that, with respect to any Securities held by the Trust or a trustee of the Trust, if the Preferred Trustee of such Trust fails to enforce its rights under this Indenture as the holder of the Securities held as the assets of the Trust, any holder of the Trust Securities may institute legal proceedings directly against the Company to enforce such Preferred Trustee's rights under this Indenture without first instituting any legal proceedings against such Preferred Trustee or any other person or entity. Notwithstanding the foregoing, if an Event of Default has occurred and is continuing and such event is attributable to the failure of the Company to pay principal of (or premium, if any) or interest on the Securities when due, the Company acknowledges that a holder of Trust Securities may directly institute a proceeding for enforcement of payment to such holder of the principal of (or premium, if any) or interest on the Securities having a principal amount equal to the aggregate liquidation amount of the Trust Securities of such holder on or after the respective due date specified in the Securities.

  • Termination of Pledge Agreement This Agreement and the rights hereby granted by Pledgor in the Collateral shall cease, terminate and be void upon fulfillment of all of the obligations of Pledgor under the Securities Contract and hereunder. Any Collateral remaining at the time of such termination shall be fully released and discharged from the Security Interests and delivered to Pledgor by Secured Party, all at the request and expense of Pledgor.

  • Release of Pledge 3.1 After the Pledgors and the Company fully and completely perform all of the Contractual Obligations and discharge all of the Secured Liabilities, the Pledgee shall, upon the Pledgors’ request, release the Equity Pledge under this Agreement and cooperate with the Pledgors to cancel the registration of the Equity Pledge on the Company’s register of shareholders and with the administration of industry and commerce in charge of the Company. The Pledgee shall assume the reasonable expenses arising out of the release of the Equity Pledge.

  • Acknowledgement and Reaffirmation By their execution hereof, each Borrower and the Guarantor hereby expressly (a) consents to this Amendment and to the amendments to the Credit Agreement set forth herein, (b) acknowledges that the covenants, representations, warranties and other obligations set forth in the Credit Agreement, the Notes and the other Loan Documents to which such Borrower or the Guarantor is a party remain in full force and effect (it being understood and agreed that to the extent any such covenants, representations, warranties or other obligations are expressly modified herein, such covenants, representations, warranties or obligations shall continue in full force and effect as expressly modified herein) and (c) acknowledges and agrees that this Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents.

  • Rate of Pledge and Term of Pledge 3.1 The Rate of Pledge: The Rate of Pledge shall be 100% under this Agreement.

  • Authorization of Pledged Equity All Pledged Equity is duly authorized and validly issued, is fully paid and, to the extent applicable, nonassessable and is not subject to the preemptive rights of any Person.

  • ACKNOWLEDGEMENT OF RECEIPT Each of the parties acknowledges receiving an executed copy of this Agreement.

  • Term of Pledge 3.1 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein is registered with relevant administration for industry and commerce (the “AIC”). The Pledge shall remain effective until all Contract Obligations have been fully performed and all Secured Indebtedness have been fully paid. Pledgor and Party C shall (1) register the Pledge in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) submit an application to the AIC for the registration of the Pledge of the Equity Interest contemplated herein within 15 business days following the execution of this Agreement. The parties covenant that for the purpose of registration of the Pledge, the parties hereto and all other shareholders of Party C shall submit to the AIC this Agreement or an equity interest pledge contract in the form required by the AIC at the location of Party C which shall truly reflect the information of the Pledge hereunder (the “AIC Pledge Contract”). For matters not specified in the AIC Pledge Contract, the parties shall be bound by the provisions of this Agreement. Pledgor and Party C shall submit all necessary documents and complete all necessary procedures, as required by the PRC laws and regulations and the relevant AIC, to ensure that the Pledge of the Equity Interest shall be registered with the AIC as soon as possible after submission for filing.

  • Tax Acknowledgement In connection with the Severance Benefits provided to Executive pursuant to this Agreement, the Company shall withhold and remit to the tax authorities the amounts required under applicable law, and Executive shall be responsible for all applicable taxes owed by him with respect to such Severance Benefits under applicable law. Executive acknowledges that he is not relying upon the advice or representation of the Company with respect to the tax treatment of any of the Severance Benefits set forth in this Agreement.

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