Confirmation of Pledge Sample Clauses

Confirmation of Pledge. Each Debtor hereby (a) consents and agrees to the execution and delivery of the Amendment and the related Loan Papers (as defined in the Credit Agreement), (b) ratifies and confirms that the Pledge Agreement executed by such Debtor, as amended hereby, is not released, diminished, impaired, reduced, or otherwise adversely affected by the Credit Agreement or the Amendment and continues to secure the full payment and performance of the Secured Obligation, (c) acknowledges the continuing existence and priority of the Liens granted, conveyed, and assigned to Administrative Agent, for the benefit of Lenders, under the Pledge Agreement, and (d) agrees that the Secured Obligation includes, without limitation, the Obligation (as defined in the Credit Agreement).
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Confirmation of Pledge. The Original Borrowers and the other Credit Parties hereby confirm and agree that, both before and after giving effect to the ITT Stock Option Transaction, 100% of the Stock of ITT Corporation shall continue to be pledged to the Secured Creditors (and held by the Collateral Agent on their behalf) pursuant to the Pledge and Security Agreement and the other Credit Documents.
Sample 1
Confirmation of Pledge. The Administrative Agent shall have received evidence of the notation in such entity’s corporate records as required by Mexican law of the pledge by Indian Industries, Inc. to Administrative Agent of 65% Equity Interests of Harvard California, S. DE R.L. C.V. in form and substance reasonably satisfactory to the Administrative Agent.
Sample 1
Confirmation of Pledge. The Parent Companies, SLT RLP and the other Credit Parties hereby confirm that, both before and after giving effect to the Stock Sale, 100% of the Stock of ITT Corporation shall continue to be pledged to the Lenders pursuant to the Pledge and Security Agreement and the other Credit Documents.
Sample 1
Confirmation of Pledge. Agreement dated as of January 28, 2005, executed by Vail Resorts, Inc., in favor of Bank of America, N.A., as Administrative Agent for the Lenders. Amended and Restated Pledge Agreement dated as of June 10, 2003, between Vail Resorts, Inc., and Bank of America, N.A., as Administrative Agent for the ratable benefit of the Lenders.
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Confirmation of Pledge. Agreement dated as of January 28, 2005, executed by Beaver Creek Associates, Inc., in favor of Bank of America, N.A., as Administrative Agent for the Lenders. Amended and Restated Pledge Agreement dated as of June 10, 2003, between Beaver Creek Associates, Inc., and Bank of America, N.A., as Administrative Agent for the ratable benefit of the Lenders.
Sample 1
Confirmation of Pledge. Agreement dated as of January 28, 2005, executed by Rockresorts International, LLC, in favor of Bank of America, N.A., as Administrative Agent for the Lenders. Amended and Restated Pledge Agreement dated as of June 10, 2003, between Rockresorts International, LLC, and Bank of America, N.A., as Administrative Agent for the ratable benefit of the Lenders. Second Amended and Restated Pledge Agreement dated as of April 16, 2008, between Rockresorts International, LLC, and Bank of America, N.A., as Administrative Agent for the ratable benefit of the Lenders.]23
Sample 1
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Confirmation of Pledge. The Ownership Interests of certain of the Debtors (such Debtors, for purposes of this Section 15, being referred to collectively as the “Pledged Entities” and each individually as a “Pledged Entity”), whether certificated or otherwise, constitute Subsidiary Interests under this Agreement. By executing this Agreement, each Pledged Entity (in addition to any other covenants, representations and warranties it has made as a Debtor hereunder), acknowledges and agrees that: (a) during such times as are provided in this Agreement, the Administrative Agent may exercise the voting rights related to the Pledged Entity; (b) such Pledged Entity shall not challenge, dispute or take any action to prevent the Administrative Agent’s exercise of the voting rights with respect to such Pledged Entity provided such voting rights are exercised in accordance with this Agreement; (c) such Pledged Entity consents to the assignment of all or any portion of the Ownership Interests to the Administrative Agent or any of the Administrative Agent’s assignees upon any foreclosure of the Ownership Interests; (d) all parties required by the terms of the Pledged Entity’s Organization Documents to approve the assignment of all or any portion of the Ownership Interests to the Administrative Agent or any of the Administrative Agent’s assignees upon any foreclosure of the Ownership Interests have done so; (e) such Pledged Entity consents to the admission of the Administrative Agent or any of the Administrative Agent’s assignees as a member or partner of such Pledged Entity upon any foreclosure of the Ownership Interest without the taking of any further action by such Pledged Entity, any other Debtor, the Administrative Agent or any of the Administrative Agent’s assignees, all notwithstanding any provision or requirement to the contrary in such Pledged Entity’s Organization Documents; and (f) such Pledged Entity waives its rights, to the extent it has any, under its Organization Documents, to the extent such rights conflict with the provisions of and rights granted to the Administrative Agent and the Administrative Agent’s assignees to permit the Administrative Agent to exercise its rights under this Agreement. In Witness Whereof, each Debtor has caused this Security Agreement to be duly executed and delivered as of the date first above written. “Debtors” Lxxxxxx Facility Services LLC By /s/ Jxxx X. Xxxxxx Xx. Name Jxxx X. Xxxxxx Xx. Title Executive Vice President, Chief Financial Officer and T...
Sample 1
Confirmation of Pledge. Each of the Securing Parties hereby confirms its prior pledge and grant to the Administrative Agent, for the benefit of the Lenders party to the Restated Credit Agreement, of a security interest in all of its right, title and interest in and to the Collateral.
Sample 1

Related to Confirmation of Pledge

  • 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.

  • 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.

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

  • Exercise of Pledge 8.1 Pledgee shall issue a written Notice of Default to Pledgor when it exercises the Pledge.

  • 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.

  • 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.

  • 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 Shares The Pledged Shares are duly authorized and validly issued, are fully paid and nonassessable and are not subject to the preemptive rights of any Person.

  • Release of Pledged Shares from Pledge Upon the payment of all amounts due to the Pledgee under the Convertible Debentures by repayment in accordance with the terms of the Note, the parties hereto shall notify the Escrow Agent to such effect in writing. Upon receipt of such written notice for payment of the amounts due to the Pledgee under the Convertible Debentures, the Escrow Agent shall return to the Pledgor the Transfer Documents and the certificates representing the Pledged Shares, (collectively the "Pledged Materials"), whereupon any and all rights of Pledgee in the Pledged Materials shall be terminated. Notwithstanding anything to the contrary contained herein, upon full payment of all amounts due to the Pledgee under the Convertible Debentures, by repayment in accordance with the terms of the Note, this Agreement and Pledgee's security interest and rights in and to the Pledged Shares shall terminate.

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