Pledge Agreement Collateral Sample Clauses
Pledge Agreement Collateral. (a) So long as no Event of Default shall have occurred and be continuing, each Pledgor shall have the right to exercise all voting, consensual and other powers of ownership pertaining to the Pledge Agreement Collateral for all purposes not inconsistent with the terms of this Agreement, any Project Document or any other Transaction Document; and the Collateral Trustee shall execute and deliver to each Pledgor or cause to be executed and delivered to each Pledgor all such proxies, powers of attorney, dividend and other orders, and all such instruments, without recourse, as such Pledgor may reasonably request for the purpose of enabling such Pledgor to exercise the rights and powers which it is entitled to exercise pursuant to this Section 5.03(a).
(b) Each Pledgor shall be entitled to receive and retain any and all Restricted Payments to which it is entitled under the Partnership Agreement and, in the case of Sabine GP, all amounts payable to it in accordance with the Management Services Agreement, and distribute as dividends or otherwise any and all such Restricted Payments, to the extent that such Restricted Payments are made by the Company in accordance with the Indenture and the other Parity Lien Documents.
(c) If any Event of Default shall have occurred and be continuing, and whether or not the Collateral Trustee or any other Secured Party exercises any available right to declare any Secured Obligation due and payable or seeks or pursues any other relief or remedy available to it under applicable Government Rule or under this Agreement or any other Secured Documents, all Restricted Payments to which any Pledgor is entitled under the Partnership Agreement, the Indenture and the other Parity Lien Documents while such Event of Default continues, shall be paid directly to the Collateral Trustee and retained by it as part of the Pledge Agreement Collateral, subject to the terms of this Agreement, and, if the Collateral Trustee shall so request, each Pledgor agrees to execute and deliver to the Collateral Trustee appropriate additional dividend, distribution and other orders and documents to that end, provided that if such Event of Default is waived or cured, any such Restricted Payment theretofore paid to the Collateral Trustee, and not otherwise applied in accordance with any of the Secured Debt Documents shall, upon request of such Pledgor (except to the extent theretofore applied to the Secured Obligations), be returned by the Collateral Trustee to such P...
Pledge Agreement Collateral. This term shall mean all of the “Collateral” as defined in the Pledge Agreement.
Pledge Agreement Collateral. Unless sooner demanded by the Collateral Agent, concurrently with the funding of the initial loan under the First Horizon International Financing, each Credit Party shall have delivered to the Collateral Agent, as Pledgee thereunder, all of the Pledge Agreement Collateral, if any, referred to in the Pledge Agreement and then owned by such Credit Party, (x) endorsed in blank in the case of promissory notes constituting Pledge Agreement Collateral and (y) together with executed and undated endorsements for transfer in the case of equity interests constituting certificated Pledge Agreement Collateral, along with evidence that all other actions necessary or, in the reasonable opinion of the Collateral Agent, desirable, to perfect the security interests purported to be created by the Pledge Agreement have been taken and the Pledge Agreement shall be in full force and effect.
Pledge Agreement Collateral. All Collateral, as such term is defined (for purposes of this Clause A of this Part 2 of Schedule I) in the Pledge Agreement, which term is defined in Part 4 of this Schedule I, other than the capital stock of Industrias Hecla, S.A. de CV and the capital stock of Minera Hecla, S.A. de CV.
Pledge Agreement Collateral. So long as no Event of Default shall have occurred and be continuing, each Pledgor shall have the right to exercise all voting, consensual and other powers of ownership pertaining to the Pledge Agreement Collateral for all purposes not inconsistent with the terms of this Agreement, any Project Document or any other Transaction Document; and the Collateral Agent shall execute and deliver to each Pledgor or cause to be executed and delivered to each Pledgor all such proxies, powers of attorney, dividend and other orders, and all such instruments, without recourse, as such Pledgor may reasonably request for the purpose of enabling such Pledgor to exercise the rights and powers which it is entitled to exercise pursuant to this Section 5.04(a).
Pledge Agreement Collateral. As collateral security for the prompt payment in full when due (whether at stated maturity, by acceleration or otherwise) of the Secured Obligations now existing or hereafter arising, each Pledgor hereby pledges, assigns, hypothecates and transfers to the Collateral Agent for the benefit of the Secured Parties, and hereby grants to the Collateral Agent for the benefit of the Secured Parties, a lien on and security interest in all of such Pledgor’s right, title and interest in, to and under the following, whether now owned by such Pledgor or hereafter acquired and whether now existing or hereafter coming into existence and wherever located (all being, collectively, referred to herein as the “Pledge Agreement Collateral”):
Pledge Agreement Collateral. Administrative Agent shall have received evidence satisfactory to it that the Credit Parties shall have taken or caused to be taken all such actions, executed and delivered or caused to be executed and delivered all such agreements, documents and instruments, and made or caused to be made all such filings and recordings that may be necessary or, in the opinion of Administrative Agent, desirable in order to create in favor of Administrative Agent, for the benefit of Lender Parties, a valid and (upon such filing and recording) perfected first priority security interest in the Collateral.
Pledge Agreement Collateral. This term shall mean all of the "Collateral" as defined in the Pledge Agreement. Post-Closing Advance Rate. One of the following amount: (1) for the period commencing on the Closing Date and ending on the last day of the Revolving Credit Period, eighty percent (80%); or (2) for each Payment Date thereafter, an amount equal to the difference between (i) eighty percent (80%), minus (ii) the product of (x) one percent (1%), and (y) the number of full calendar quarters that have elapsed since the last day of the Revolving Credit Period; provided, however, that (i) if any Container to be acquired with the proceeds of a Post-Closing Advance is not acquired by a Borrower either directly from the manufacturer thereof or from a Lessee in connection with a sale- leaseback transaction (so long as the average age of all containers included in such sale-leaseback does not exceed eighteen months), (ii) such Container is not being acquired by a Borrower in a transaction (or a series of related transactions) involving containers having a purchase price in excess of Ten Million Dollars ($10,000,000), and (iii) the sum of all Containers then owned by all of the Borrowers collectively that were not acquired by a Borrower directly from the manufacturer thereof does not exceed Twenty Five Million Dollars ($25,000,000), then the Post-Closing Advance Rate applicable to such Containers shall be the Existing Container Advance Rate; and provided further, that the advance rate applicable to any Container in excess of the limitations set forth in clauses (ii) or (iii) that were not acquired by a Borrower directly from the manufacturer thereof or from a Lessee in connection with a sale-leaseback transaction (so long as the average age of all containers included in such sale-leaseback does not exceed eighteen months) and that does not comply with the provisions of either clause (ii) or (iii) in the above proviso shall be determined by the Administrative Agent.