As to Pledged Notes Sample Clauses

As to Pledged Notes. In the case of each Pledged Note, all of such Pledged Notes have been duly authorized, executed, endorsed, issued and delivered, and are the legal, valid and binding obligation of the issuers thereof, and are not in default.
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As to Pledged Notes. Each Pledgor will not, without the prior written consent of the Administrative Agent:
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As to Pledged Notes. (a) Item A of Schedule I hereto correctly sets forth, as of the date of the initial Credit Extension, a true and complete list of all intercompany Indebtedness owing to any Loan Party.
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As to Pledged Notes. (a) If so required pursuant to the terms of the Credit Agreement, any applicable intercompany Indebtedness owing to a Grantor (i) shall be evidenced by a promissory note in form and substance reasonably satisfactory to the Administrative Agent (the foregoing to include, if the borrower of such intercompany Indebtedness is a Borrower, the requirement that such intercompany Indebtedness is subordinated to the repayment of the Secured Obligations on terms and conditions reasonably satisfactory to the Administrative Agent) and (ii) such promissory note shall be pledged and delivered to the Administrative Agent pursuant to the terms of this Agreement.
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As to Pledged Notes. Each Pledged Note has been duly authorized, executed, endorsed, issued and delivered, and is the legal, valid and binding obligation of the issuers thereof, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and general principles of equity, and is not in default.
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As to Pledged Notes. In the case of each Pledged Note issued by the Borrower or any Subsidiary, all of such Pledged Notes have been duly
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As to Pledged Notes. In case, upon the dissolution, liquidation (in whole or in part), bankruptcy or reorganization of the maker of any of the Pledged Notes or the merger or consolidation of any such maker with and into another Person, any sum or other property shall be paid or distributed with respect to any of the Pledged Notes, and such sum or property shall be paid or distributed on account of the principal of any of the Pledged Notes, such sum and property shall be paid over or delivered to the Agent to be held by the Agent as additional Collateral hereunder unless any such sum or property shall constitute cash in which case, so long as there shall exist no Default or Event of Default and the Grantor shall have Required Inventory, such cash shall be paid to the Agent to be applied to the payment of the Secured Obligations as provided in Section 2.12(g)
Sample 1
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As to Pledged Notes. To the best of Pledgor's knowledge, in the case of each Pledged Note, all of such Pledged Notes have been duly authorized, executed, endorsed, issued and delivered (except to the extent any such Pledged Notes are expressly excluded from the delivery requirements hereunder pursuant to Section 5.10(a) of the Credit Agreement), and are the legal, valid and binding obligation of the issuers thereof enforceable against such issuers in accordance with their respective terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors' rights and to general principles of equity. None of the Pledged Notes are in default with respect to the obligor's payment obligation.
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Related to As to Pledged Notes

  • Pledged Notes Grantors (i) without the prior written consent of Agent, will not (A) waive or release any obligation of any Person that is obligated under any of the Pledged Notes, (B) take or omit to take any action or knowingly suffer or permit any action to be omitted or taken, the taking or omission of which would result in any right of offset against sums payable under the Pledged Notes, or (C) other than Permitted Dispositions, assign or surrender their rights and interests under any of the Pledged Notes or terminate, cancel, modify, change, supplement or amend the Pledged Notes, and (ii) shall provide to Agent copies of all material written notices (including notices of default) given or received with respect to the Pledged Notes promptly after giving or receiving such notice.

  • Pledged Equity Interests; Stock Powers; Pledged Notes The Administrative Agent shall have received (i) the certificates representing the Equity Interests pledged pursuant to the Security Agreement, together with an undated stock power for each such certificate executed in blank by a duly authorized officer of the pledgor thereof and (ii) each promissory note (if any) pledged to the Administrative Agent pursuant to the Security Agreement endorsed (without recourse) in blank (or accompanied by an executed transfer form in blank) by the pledgor thereof.

  • As to Pledged Shares In the case of any Pledged Shares constituting Collateral, all of such Pledged Shares are duly authorized and validly issued, fully paid, and non-assessable, and constitute all of the issued and outstanding capital stock of each Securities Issuer thereof. The Grantors have no Subsidiaries other than the Securities Issuers and Timberlands II.

  • Pledged Stock; Stock Powers; Pledged Notes The Administrative Agent shall have received (i) the certificates representing the shares of Capital Stock pledged pursuant to the Guarantee and Collateral Agreement, together with an undated stock power for each such certificate executed in blank by a duly authorized officer of the pledgor thereof and (ii) each promissory note (if any) pledged to the Administrative Agent pursuant to the Guarantee and Collateral Agreement endorsed (without recourse) in blank (or accompanied by an executed transfer form in blank) by the pledgor thereof.

  • Pledged Equity The pledged equity under this Agreement is 41.2 % equity interests held by the Pledgor in Domestic Company (“Pledged Equity”) and all relevant interests. Upon the effectiveness of this Agreement, the situation of Pledged Equity is set out below: Domestic Company’s Name: Dalian Tongda Equipment and Technology Development Co., Ltd. Registered Capital: RMB7,000,000.00 Pledged Equity: 41.2 % equity interests of Domestic Company Capital Contribution corresponding to the Pledged Equity: RMB 2,884,000

  • Pledged Equity Interests Set forth on Schedule 5.21(f), as of the Closing Date and as of the last date such Schedule was required to be updated in accordance with Section 6.02, is a list of (i) all Pledged Equity and (ii) all other Equity Interests required to be pledged to the Administrative Agent pursuant to the Collateral Documents (in each case, detailing the Grantor (as defined in the Security Agreement), the Person whose Equity Interests are pledged, the number of shares of each class of Equity Interests, the certificate number and percentage ownership of outstanding shares of each class of Equity Interests and the class or nature of such Equity Interests (i.e. voting, non-voting, preferred, etc.).

  • Pledged Debt On each Representation Date, Schedule II hereto (as such schedule may be amended or supplemented from time to time) sets forth under the heading “Pledged Debt” all of the Pledged Debt owned by any Grantor and all of such Pledged Debt with a principal amount in excess of $500,000 individually has been fully authorized, authenticated or issued, and delivered and is the legal, valid and binding obligation of the issuers thereof and is not in default and constitutes all of the issued and outstanding intercompany indebtedness evidenced by an instrument or certificated security of the respective issuers thereof owing to such Grantor.

  • 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.

  • Intercompany Notes The intercompany notes identified in Annex 6 constitute all of the outstanding intercompany notes payable to Obligor.

  • Pledged Equity Interests, Investment Related Property (a) it is the record and beneficial owner of the Pledged Equity Interests free of all Liens, rights or claims of other Persons and there are no outstanding warrants, options or other rights to purchase, or shareholder, voting trust or similar agreements outstanding with respect to, or property that is convertible into, or that requires the issuance or sale of, any Pledged Equity Interests;

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