Common use of Issuance or Acquisition of Equity Interests in Partnerships or Limited Liability Companies Clause in Contracts

Issuance or Acquisition of Equity Interests in Partnerships or Limited Liability Companies. (i) Not without executing and delivering, or causing to be executed and delivered, to the Administrative Agent such agreements, documents and instruments as the Administrative Agent may reasonably require, issue or acquire any Pledged Equity consisting of an interest in a partnership or a limited liability company, to the extent such Pledged Equity has an aggregate value of $500,000 or more, that (A) is dealt in or traded on a securities exchange or in a securities market, (B) by its terms expressly provides that it is a Security governed by Article 8 of the UCC, (C) is an investment company security, (D) is held in a Securities Account or (E) constitutes a Security or a Financial Asset.

Appears in 1 contract

Samples: Security and Pledge Agreement (B. Riley Financial, Inc.)

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Issuance or Acquisition of Equity Interests in Partnerships or Limited Liability Companies. (i) Not without executing and delivering, or causing to be executed and delivered, to the Administrative Agent such agreements, documents and instruments as the Administrative Agent (at the direction of the Required Lenders) or the Lead Arranger may reasonably requirerequire in accordance with the Loan Documents, issue or acquire any Pledged Equity consisting of an interest in a partnership or a limited liability company, to the extent such Pledged Equity has an aggregate value of $500,000 or more, company that (A) is dealt in or traded on a securities exchange or in a securities market, (B) by its terms expressly provides that it is a Security governed by Article 8 of the UCC, (C) is an investment company security, (D) is held in a Securities Account or (E) constitutes a Security or a Financial Asset, except in each case, as otherwise permitted by the provisions of the Loan Agreement.

Appears in 1 contract

Samples: Security and Pledge Agreement (LIVE VENTURES Inc)

Issuance or Acquisition of Equity Interests in Partnerships or Limited Liability Companies. (i) Not without executing and delivering, or causing to be executed and delivered, to the Administrative Agent such agreements, documents and instruments as the Administrative Agent may reasonably require, issue or acquire any Pledged Equity consisting of an interest in a partnership or a limited liability company, to the extent such Pledged Equity has an aggregate value of $500,000 250,000 or more, that (A) is dealt in or traded on a securities exchange or in a securities market, (B) by its terms expressly provides that it is a Security governed by Article 8 of the UCC, (C) is an investment company security, (D) is held in a Securities Account or (E) constitutes a Security or a Financial Asset.

Appears in 1 contract

Samples: Security and Pledge Agreement (B. Riley Financial, Inc.)

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Issuance or Acquisition of Equity Interests in Partnerships or Limited Liability Companies. (i) Not without executing and delivering, or causing to be executed and delivered, such documents as may be required to vest the Lender with Control (as defined in the UCC) or otherwise delivering to the Administrative Agent Lender such agreements, documents and instruments as the Administrative Agent Lender may reasonably require, issue or acquire any Pledged Equity consisting of an interest in a partnership or a limited liability company, to the extent such Pledged Equity has an aggregate value of $500,000 or more, company that (A) is dealt in or traded on a securities exchange or in a securities market, (B) by its terms expressly provides that it is a Security governed by Article 8 of the UCC, (C) is an investment company securityInvestment Company Security, (D) is held in a Securities Account or (E) constitutes a Security or a Financial Asset.;

Appears in 1 contract

Samples: Security and Pledge Agreement (Sciquest Inc)

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