Equity Issuances. No Borrower shall issue any Equity Interests unless such Equity Interests are immediately pledged to the Collateral Agent (for the benefit of the Senior Secured Parties) on a first priority perfected basis pursuant to the Pledge Agreements or, if necessary, a supplement thereto or a pledge and security agreement in substantially the form of the Pledge Agreements.
Appears in 5 contracts
Samples: Credit Agreement (Pacific Ethanol, Inc.), Credit Agreement (Pacific Ethanol, Inc.), Credit Agreement (Pacific Ethanol, Inc.)
Equity Issuances. No The Borrower shall not issue any Equity Interests unless such Equity Interests are immediately pledged to the Collateral Agent (for the benefit of the Senior Secured Parties) on a first first-priority perfected basis pursuant to the Pledge Agreements Agreement or, if necessary, a supplement thereto or a pledge and security agreement in substantially the form of the Pledge AgreementsAgreement.
Appears in 4 contracts
Samples: Senior Credit Agreement (Advanced BioEnergy, LLC), Senior Credit Agreement (First United Ethanol LLC), Senior Credit Agreement (Advanced BioEnergy, LLC)
Equity Issuances. No Borrower shall issue any Equity Interests unless such Equity Interests are immediately pledged to the Collateral Agent (for the benefit of the Senior Secured Parties) on a first priority perfected basis pursuant to the Pledge Agreements or, if necessary, a supplement thereto or a pledge and security agreement in substantially the form of the Pledge Agreementsbasis.
Appears in 2 contracts
Samples: Debtor in Possession Credit Agreement (Pacific Ethanol, Inc.), Debt Agreement (Pacific Ethanol, Inc.)
Equity Issuances. No Neither Borrower shall issue any Equity Interests unless such Equity Interests are immediately pledged to the Collateral Agent (for the benefit of the Senior Secured Parties) on a first first-priority perfected basis pursuant to the Pledge Agreements Security Documents or, if necessary, a supplement thereto or a pledge and security agreement in substantially the form of the Pledge AgreementsSecurity Agreement.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Renewable Energy Group, Inc.), Revolving Credit Agreement (Renewable Energy Group, Inc.)
Equity Issuances. No The Borrower shall not issue any Equity Interests unless such Equity Interests are immediately pledged to the Collateral Agent Bond Trustee (for the benefit of the Senior Secured PartiesBondholders) on a first priority perfected basis pursuant to the Subordinate Equity Pledge Agreements Agreement or, if necessary, a supplement thereto or a pledge and security agreement in substantially the form of the Subordinate Equity Pledge AgreementsAgreement on a second lien priority to the liens securing the Senior Credit Facilities.
Appears in 1 contract
Equity Issuances. No Borrower shall issue any Equity Interests unless such Equity Interests are immediately pledged to the Collateral Agent (for the benefit of the Senior Secured Parties) on a first priority perfected basis pursuant to the Pledge Agreements or, if necessary, a supplement thereto or a pledge and security agreement in substantially the form of the Holdings Pledge AgreementsAgreement.
Appears in 1 contract
Equity Issuances. No The Borrower shall not issue any Equity Interests unless such Equity Interests are immediately pledged to the Collateral Agent (for the benefit of the Senior Secured Parties) on a first first-priority perfected basis pursuant to the Pledge Agreements or, if necessary, a supplement thereto or a pledge and security agreement in substantially the form of the Pledge Agreementsbasis.
Appears in 1 contract
