Amendment to the Pledge Agreement. The Pledge Agreement is hereby amended by inserting the following Section 14:
Amendment to the Pledge Agreement. 2.1 The following defined terms in the Pledge Agreement shall be amended as follows:
2.1.1 The definition of the term “Event of Default” shall be amended and replaced in its entirety by the following definition: “the occurrence of any event, condition or circumstance that constitutes an "Event of Default" under this Pledge Agreement and any amendment thereto.”
2.1.2 The definition of the term “Pledged Shares” shall be amended and replaced in its entirety by the following definition: “55,000,000 Company Shares, currently held in the Pledged Account, such amount of shares to be adjusted to take into account any share split, reverse share split, reclassification or any similar event with respect to the Pledged Shares. The aforementioned amount of Pledged Shares will be reduced following interim release of the Pledged Shares in accordance with clause 4 of this Pledge Agreement and/or following the release of the Pledged Shares pursuant to clause 6 of this Pledge Agreement. Pledged Shares shall include any Company Shares pledged pursuant to Clause 4 or 5.5 of this Agreement. Attached as Exhibit A is a confirmation of the Pledged Account Bank that the Pledged Shares are held in the Pledged Account.”
2.1.3 The definition of the term “Release Date” shall be amended and replaced in its entirety by the following definition: “the earlier of: (i) December 31, 2021, unless upon such date any unresolved indemnity claim(s) under the Share Purchase Agreement is outstanding, whereupon this Pledge Agreement and the pledges created hereunder in favour of the Pledgor will continue to apply but only with respect to the Extended Assets (as defined below) in accordance with the provisions of clause 6 of this Pledge Agreement; and (ii) the date all Pledged Shares (including all proceeds received from the sale of Pledged Shares in accordance with clause 5.5 below) have been released from the pledge in accordance with clause 4 of this Pledge Agreement.”
2.1.4 The definition of term “Secured Obligations” shall be amended and replaced in its entirety by the following definition: “i) all indemnification claims by the Pledgee or by any Buyer Indemnitees that are Finally Determined as defined in and in accordance with the Share Purchase Agreement and have not been paid to Buyer less (a) the net proceeds from the realisation of the Pledged Assets that have been set-off by Buyer under clause 10.10 of the Share Purchase Agreement (if permissible thereunder), or (b) amounts actually paid to...
Amendment to the Pledge Agreement. The text of Schedule 1 of the Pledge Agreement is hereby deleted in its entirety, and inserted in lieu thereof is the following text: QC Financial Services, Inc. Missouri Common Stock 15,974 33 100 % QC E-Services, Inc. Kansas Common Stock 1,000 1 100 % QC Loan Services, Inc. Kansas Common Stock 1,000 1 100 % QC Auto Services, Inc. Kansas Common Stock 1,000 1 100 %
Amendment to the Pledge Agreement. The Amendment to the Pledge Agreement, if effected, would amend the definition of the term "Secured Obligations" to include amounts owed by the Company under its obligations as a guarantor, rather than the issuer, of the Securities. The Amendment to the Pledge Agreement requires the consent of the Senior Bank Agent (as defined in the Intercreditor Agreement).
Amendment to the Pledge Agreement. (a) Schedule 1. Schedule 1 of the Pledge Agreement is hereby amended by adding at the end thereof the stock described on Annex A hereto (the "LOPI STOCK") and such stock shall be deemed part of the Pledged Stock and shall secure all Secured Obligations.
Amendment to the Pledge Agreement. Section 4(c) of the Pledge Agreement is hereby amended by deleting in each instance in which they occur, the words "thirty percent (30%)" and inserting in lieu thereof the words "forty percent (40%)".
Amendment to the Pledge Agreement. Effective as of the First Amendment Closing Date, the Pledge Agreement is hereby amended by amending and restating Schedule "A" in its entirety and replacing it with the corresponding Schedule "A" attached hereto as Exhibit C-1.
Amendment to the Pledge Agreement. Effective as of the consummation of the Project Falcon Acquisition, the Pledge Agreement is hereby amended by amending and restating Schedule "A" in its entirety and replacing with the corresponding Schedule "A" attached hereto as Exhibit C-2.
Amendment to the Pledge Agreement. 4.1 The Pledgors (as defined in the Pledge Agreement) and the Agent hereby amend Schedule I to the Pledge Agreement by adding the stock of SMC described on Schedule I attached hereto.
Amendment to the Pledge Agreement. Section 2.1 of the Pledge Agreement is hereby amended by deleting the phrase “the Canadian Loan is refinanced in accordance with terms of the Credit Agreement with a lender other than Toronto-Dominion Bank” contained therein and replacing it with “all loans outstanding under the Canadian Loan Agreement (or any similar agreement which replaces or refinances the Canadian Loan Agreement, (including successive refinancings)) have been repaid and all commitments to lend under the Canadian Loan Agreement (or any similar agreement which replaces or refinances the Canadian Loan Agreement) have been terminated”.
