Composition of Pledged Items Sample Clauses

Composition of Pledged Items. Notwithstanding Pledgor's right to substitute Collateral pursuant to Section 6(b), the Pledgor shall cause the Collateral to include, on the Exchange Date, unless Pledgor shall have exercised its Cash Delivery Option, a number of shares of Common Stock (and/or, if an Adjustment Event shall have occurred, Reported Securities) at least equal to the number of shares of Common Stock (and/or, if an Adjustment Event shall have occurred, Reported Securities) required to be delivered under the Forward Contract on the Exchange Date. If [the Pledgor] [Holdings] shall have extended the Exchange Date pursuant to Section 1.3(f) of the [Holdings] Forward Contract, the Pledgor shall cause Collateral for Pledgor's obligations to deliver the Extension Amount to consist entirely of Additional Government Securities.
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Composition of Pledged Items. Notwithstanding Pledgor’s right to substitute Collateral pursuant to Section 6(b), the Pledgor shall cause the Collateral to include, on the Purchase Contract Settlement Date, a number of shares of HRH Common Stock (and/or, if a Reorganization Event shall have occurred, Exchange Property) at least equal to the number of shares of HRH Common Stock (and/or, if a Reorganization Event shall have occurred, Exchange Property) required to be delivered under the Purchase Contracts on the Purchase Contract Settlement Date. (f)
Sample 1
Composition of Pledged Items. Notwithstanding the Pledgor's right to substitute Collateral pursuant to Section 6(b), the Pledgor shall cause the Collateral to include, on the Exchange Date, unless Pledgor shall have exercised its Cash Delivery Option, a number of shares of Common Stock (and/or, if an Adjustment Event shall have occurred, Reported Securities) at least equal to the number of shares of Common Stock (and/or, if an Adjustment Event shall have occurred, Reported Securities) required to be delivered under the Purchase Agreement on the Exchange Date. If the Pledgor exercises its Cash Delivery Option, then the Pledgor shall cause the Collateral to consist entirely of U.S. Government Obligations or cash at all times from and after the date 25 Business Days prior to the Exchange Date.
Sample 1
Composition of Pledged Items. Notwithstanding Pledgor's right to substitute Collateral pursuant to Section 6(b), the Pledgor shall cause the Collateral to include, on the Exchange Date, unless the Cash Delivery Option shall have been exercised, a number of shares of Common Stock (and/or, if an Adjustment Event shall have occurred, Reported Securities) at least equal to the number of shares of Common Stock (and/or, if an Adjustment Event shall have occurred, Reported Securities) required to be delivered under the Forward Purchase Agreement on the Exchange Date. If the Exchange Date shall have been extended pursuant to Section 1.3(f) of the Forward Purchase Agreement, the Pledgor shall cause Collateral for Pledgor's obligations to deliver the Extension Amount to consist entirely of Additional Government Securities.
Sample 1
Composition of Pledged Items. [Notwithstanding the Pledgor's ---------------------------- right to substitute Collateral pursuant to Section 6(b),] the Pledgor shall cause the Collateral to include, on the Exchange Date, unless Pledgor shall have exercised its Cash Delivery Option, a number of shares of Common Stock (and/or, if an Adjustment Event shall have occurred, Reported Securities) at least equal to the number of shares of Common Stock (and/or, if an Adjustment Event shall have occurred, Reported Securities) required to be delivered under the Purchase Agreement on the Exchange Date. If the Pledgor exercises its Cash Delivery Option, then the Pledgor shall cause the Collateral for the Cash Delivery Obligations to consist entirely of U.S. Government Securities or cash at all times from and after the date 25 Business Days prior to the Exchange Date, and, if the Pledgor shall have extended the Exchange Date pursuant to Section 1.3(f) of the Purchase Agreement, the Pledgor shall cause Collateral for Pledgor's obligations in connection with Pledgor's extension of the Exchange Date to consist entirely of Additional Government Securities or cash.
Sample 1
Composition of Pledged Items. Notwithstanding the Pledgor's right to substitute Collateral pursuant to Section 6(b), the Pledgor shall cause the Collateral to include, on the Sale Date, unless Pledgor shall have exercised its Cash Delivery Option, a number of Subordinate Voting Shares {and/or Multiple Voting Shares} (and/or, if an Adjustment Event shall have occurred, Reported Securities) at least equal to the number of Subordinate Voting Shares (and/or, if an Adjustment Event shall have occurred, Reported Securities) required to be delivered under the Forward Purchase Agreement on the Sale Date. If the Pledgor exercises its Cash Delivery Option, then the Pledgor shall cause the Collateral to consist entirely of U.S. Government Obligations or cash at all times from and after the date 25 Business Days prior to the Sale Date.
Sample 1

Related to Composition of Pledged Items

  • Retention of Pledged Collateral To the extent permitted under applicable law, in addition to the rights and remedies hereunder, upon the occurrence of an Event of Default, the Administrative Agent may, after providing the notices required by Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, accept or retain all or any portion of the Pledged Collateral in satisfaction of the Secured Obligations. Unless and until the Administrative Agent shall have provided such notices, however, the Administrative Agent shall not be deemed to have accepted or retained any Pledged Collateral in satisfaction of any Secured Obligations for any reason.

  • 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.

  • Certain Sales of Pledged Collateral (a) Each Pledgor recognizes that, by reason of certain prohibitions contained in law, rules, regulations or orders of any Governmental Authority, the Collateral Agent may be compelled, with respect to any sale of all or any part of the Pledged Collateral, to limit purchasers to those who meet the requirements of such Governmental Authority. Each Pledgor acknowledges that any such sales may be at prices and on terms less favorable to the Collateral Agent than those obtainable through a public sale without such restrictions, and, notwithstanding such circumstances, agrees that any such restricted sale shall be deemed to have been made in a commercially reasonable manner and that, except as may be required by applicable law, the Collateral Agent shall have no obligation to engage in public sales.

  • Disposition of Pledged Interests by Agent None of the Pledged Interests existing as of the date of this Agreement are, and none of the Pledged Interests hereafter acquired on the date of acquisition thereof will be, registered or qualified under the various federal or state securities laws of the United States and disposition thereof after an Event of Default may be restricted to one or more private (instead of public) sales in view of the lack of such registration. Each Grantor understands that in connection with such disposition, Agent may approach only a restricted number of potential purchasers and further understands that a sale under such circumstances may yield a lower price for the Pledged Interests than if the Pledged Interests were registered and qualified pursuant to federal and state securities laws and sold on the open market. Each Grantor, therefore, agrees that: (a) if Agent shall, pursuant to the terms of this Agreement, sell or cause the Pledged Interests or any portion thereof to be sold at a private sale, Agent shall have the right to rely upon the advice and opinion of any nationally recognized brokerage or investment firm (but shall not be obligated to seek such advice and the failure to do so shall not be considered in determining the commercial reasonableness of such action) as to the best manner in which to offer the Pledged Interest or any portion thereof for sale and as to the best price reasonably obtainable at the private sale thereof; and (b) such reliance shall be conclusive evidence that Agent has handled the disposition in a commercially reasonable manner.

  • Release of Pledged Collateral The Administrative Agent may release any of the Pledged Collateral from this Pledge Agreement or may substitute any of the Pledged Collateral for other Pledged Collateral without altering, varying or diminishing in any way the force, effect, lien, pledge or security interest of this Pledge Agreement as to any Pledged Collateral not expressly released or substituted, and this Pledge Agreement shall continue as a first priority lien on all Pledged Collateral not expressly released or substituted.

  • Delivery of Pledged Collateral All certificates and all promissory notes and instruments evidencing the Pledged Collateral shall be delivered to and held by or on behalf of Agent, for itself and the benefit of Lenders, pursuant hereto. All Pledged Shares shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to Agent and all promissory notes or other instruments evidencing the Pledged Indebtedness shall be endorsed by Pledgor.

  • Sale of Pledged Collateral Upon the occurrence of an Event of Default and during the continuation thereof, without limiting the generality of this Section and without notice, the Administrative Agent may, in its sole discretion, sell or otherwise dispose of or realize upon the Pledged Collateral, or any part thereof, in one or more parcels, at public or private sale, at any exchange or broker’s board or elsewhere, at such price or prices and on such other terms as the Administrative Agent may deem commercially reasonable, for cash, credit or for future delivery or otherwise in accordance with applicable law. To the extent permitted by law, any holder of the Secured Obligations may in such event bid for the purchase of such securities. Each Pledgor agrees that, to the extent notice of sale shall be required by law and has not been waived by such Pledgor, any requirement of reasonable notice shall be met if notice, specifying the place of any public sale or the time after which any private sale is to be made, is personally served on or mailed postage prepaid to such Pledgor in accordance with the notice provisions of Section 11.02 of the Credit Agreement at least ten (10) days before the time of such sale. The Administrative Agent shall not be obligated to make any sale of Pledged Collateral of such Pledgor regardless of notice of sale having been given. The Administrative Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was so adjourned.

  • Delivery of Pledged Property All certificates or instruments representing or evidencing any Collateral, including all Pledged Shares and all Pledged Notes, shall be delivered to and held by or on behalf of (and, in the case of the Pledged Notes, endorsed to the order of) the Collateral Agent pursuant hereto, shall be in suitable form for transfer by delivery, and shall be accompanied by all necessary instruments of transfer or assignment, duly executed in blank.

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