Amendment of Governing Documents. Pledgors shall not permit the Pledged Companies to (i) authorize the amendment of or amend the Governing Documents of the Pledged Companies to provide that the Stock of such Pledged Company is governed by Article 8 of the Code, or (ii) authorize the issuance of or issue certificates evidencing the Stock of the Pledged Companies unless such certificates have been pledged and delivered to Agent pursuant to the terms of this Agreement.
Appears in 4 contracts
Samples: Parent Pledge Agreement, Parent Pledge Agreement (Oasis Interval Ownership, LLC), Parent Pledge Agreement (Rbg, LLC)
Amendment of Governing Documents. Pledgors shall not permit the Pledged Companies to (i) authorize the amendment of or amend the Governing Documents of the Pledged Companies to provide that the Stock Equity Interests of such Pledged Company is governed by Article 8 of the CodeUCC, or (ii) authorize the issuance of or issue certificates evidencing the Stock Equity Interests of the Pledged Companies unless such certificates which have been pledged and delivered to Agent pursuant to the terms of under this Agreement.
Appears in 2 contracts
Samples: Parent Pledge Agreement (Oasis Interval Ownership, LLC), Parent Pledge Agreement (155 East Tropicana, LLC)
