Grant of Pledge. (a) Each Pledgor hereby pledges to the Administrative Agent, and grants to the Administrative Agent, for the benefit of the Secured Parties, a continuing security interest in, the Pledged Collateral, as defined in Section 2.02 below. This Pledge Agreement shall secure the Secured Obligations.
Appears in 6 contracts
Samples: Credit Agreement (Berry Petroleum Corp), Credit Agreement (Berry Petroleum Corp), Credit Agreement (Jagged Peak Energy Inc.)
Grant of Pledge. (a) Each Pledgor hereby pledges to the Administrative Agent, and grants to the Administrative Agent, for the benefit of the Secured Parties, a continuing security interest in, the Pledged Collateral, as defined in Section 2.02 below. This Pledge Agreement shall secure the Secured Obligations.2.02
Appears in 5 contracts
Samples: Subordinated Credit Agreement (Cano Petroleum, Inc), Security Agreement (Cano Petroleum, Inc), Subordinated Pledge Agreement (Cano Petroleum, Inc)
Grant of Pledge. (a) Each Pledgor hereby pledges to the Administrative Agent, and grants to the Administrative Agent, for its benefit and the ratable benefit of the Secured Parties, a continuing lien on and security interest in, in the Pledged Collateral, as defined in Section 2.02 2(b) below. This Pledge Agreement shall secure the prompt performance and payment of all Obligations now or hereafter existing under the Loan Documents or any Swap Contract to which a Lender or its Affiliate is a party, including any extensions, modifications, substitutions, amendments and renewals thereof (the βSecured Obligationsβ).
Appears in 2 contracts
Samples: Credit Agreement (MxEnergy Holdings Inc), Pledge Agreement (Total Gas & Electricity (PA) Inc)
