Pledge Agreement Supplement Sample Clauses
A Pledge Agreement Supplement is a contractual provision that adds specific assets or collateral to an existing pledge agreement, thereby expanding the scope of the original security interest. In practice, this supplement identifies additional property—such as shares, accounts, or equipment—that the pledgor agrees to secure in favor of the lender, and outlines any relevant terms or conditions for the new collateral. Its core function is to ensure that the lender's security interest remains comprehensive and up-to-date, thereby reducing credit risk and clarifying the parties' obligations regarding secured assets.
Pledge Agreement Supplement. In connection with the incurrence by the Pledgor from time to time of any class of Additional Secured Debt, the Pledgor agrees to enter into a Pledge Agreement Supplement, which shall form a part of this Agreement, and shall by its terms cause such Additional Debt Obligations to be secured by a security interest in the Collateral on an equal and ratable basis with the Obligations secured hereunder. Upon the effectiveness of any Pledge Agreement Supplement, Schedule I hereto shall be deemed to be amended to include such Additional Secured Debt identified in such Pledge Agreement Supplement.
Pledge Agreement Supplement. The Company shall cause Acquisition Corp. to deliver to the General Administrative Agent on the date of purchase an executed Pledge Agreement Supplement, substantially in the form of Exhibit A to the Acquisition Corp. Pledge Agreement (a "Pledge Agreement Supplement"), covering any Additional Pledged Stock (as defined in the Acquisition Corp. Pledge Agreement) purchased by Acquisition Corp., together with the stock certificates representing such Additional Pledged Stock and appropriate undated stock powers duly executed in blank for each such stock certificate.
Pledge Agreement Supplement. As defined in Section 8(e).
Pledge Agreement Supplement. The Borrower shall have executed and delivered a Pledge Agreement Supplement with regard to Agecroft Properties, Inc. to the Administrative Agent.
Pledge Agreement Supplement. This Pledge Agreement Supplement, dated as of _____________, 20__, is delivered pursuant to Section 6(d) of the Pledge Agreement referred to below. The undersigned hereby agrees that this Pledge Agreement Supplement may be attached to the Pledge Agreement, dated as of September 28, 2007 (as amended, restated, modified, renewed, supplemented or extended from time to time, the “Pledge Agreement”; the terms defined therein and not otherwise defined herein being used as therein defined), made by the undersigned, as Pledgor in favor of Hercules Technology Growth Capital, Inc., as Pledgee, and that the shares of capital stock or other equity securities listed on this Pledge Agreement Supplement shall be and become part of the Pledged Collateral pledged by the undersigned and referred to in the Pledge Agreement and shall secure all Secured Obligations. The undersigned agree that the shares of capital stock and other equity securities listed below shall for all purposes constitute Pledged Collateral pledged by the undersigned and shall be subject to the security interest created by the Pledge Agreement. The undersigned hereby certify that the representation and warranties set forth in Section 3 of the Pledge Agreement are true and complete in all material respects with respect to the Pledged Shares listed below on and as of the date hereof. By: Name: Title:
Pledge Agreement Supplement. Lender shall have received a Pledge Agreement Supplement (as defined in the Pledge Agreement), in form and substance satisfactory to Lender, executed by each party thereto.
Pledge Agreement Supplement. (a) Borrower and the other parties hereto hereby acknowledge and agree that, effective as of the date hereof, the Equity Interests issued by Tradein Expert to Borrower shall be deemed to be, and shall be, “Pledged Shares” and “Pledged Collateral” for all purposes under the Pledge Agreement. Not in limitation of the foregoing, to secure the Obligations, Borrower hereby grants to Agent for the benefit of the Secured Parties a security interest in and lien on Borrower’s Equity Interests in Tradein Expert and all proceeds thereof.
(b) Effective as of the date hereof, Tradein Expert, as issuer of Pledged Shares and Pledged Collateral, hereby acknowledges receipt of the Pledge Agreement and consents to the terms of the Pledge Agreement.
(c) Attached hereto as Exhibit A is a supplement to Schedule 2(a) to the Pledge Agreement (the “Pledge Agreement Supplement”), with updates to reflect the pledge set forth in this Section 5, which shall constitute a “Pledge Supplement” for the purposes of Section 2(b) of the Pledge Agreement. Each of Borrower and Tradein Expert hereby represents and warrants that the Pledge Agreement Supplements accurately and completely set forth as of the date hereof all additional information required pursuant to the Pledge Agreement and agrees that the Pledge Agreement Supplements shall constitute a part of the Schedules to the Pledge Agreement.
Pledge Agreement Supplement