Pledge and Assignment Sample Clauses

Pledge and Assignment. As security for the Secured Obligations (as defined below), the Company hereby irrevocably pledges, assigns and grants to the Trustee, for the equal and ratable benefit of the Holders of the Notes, a first priority continuing security interest in, and control of, all of the Company’s right, title and interest in and to all of the following whether now owned or existing or hereafter acquired or created (collectively, the “Collateral”): (i) the Escrow Account, all security entitlements from time to time carried in the Escrow Account, all funds from time to time held in the Escrow Account, including, without limitation, the Escrow Funds and all certificates and instruments, if any, from time to time, representing or evidencing the Escrow Account or the Escrow Funds; (ii) all investments of funds in the Escrow Account, all of which shall constitute Permitted Securities, and whether held by or registered in the name of the Escrow Agent or any nominee, all certificates and instruments, if any, from time to time representing or evidencing any such Permitted Securities and all security entitlements to such Permitted Securities; (iii) all promissory notes, certificates of deposit, deposit accounts, checks and other instruments evidencing Permitted Securities from time to time hereafter delivered to or otherwise possessed by the Escrow Agent, for or on behalf of the Company, in substitution for or in addition to any or all of the then existing Collateral; (iv) all interest, dividends, cash, instruments, securities and other properties from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the then existing Collateral; and (v) all proceeds of the foregoing. The Trustee hereby appoints the Escrow Agent to act as the Trustee’s agent, on behalf of the Holders of the Notes, for purposes of perfecting the foregoing pledge, assignment and security interest in the Collateral, and the Escrow Agent hereby accepts such appointment. For so long as the foregoing pledge, assignment and security interest remains in effect, the Escrow Agent hereby waives any right of set off or banker’s lien that it, in its individual capacity or in its capacity as an agent for Persons other than the Trustee and the Holders of the Notes, may have with respect to any or all of the Collateral.

Pledge and Assignment. Any company which succeeds by purchase, merger, or consolidation to the properties, substantially as an entirety, of Shipper, or of Transporter, as the case may be, is entitled to the rights and is subject to the obligations of its predecessor in title under this Service Agreement; and either the Shipper or Transporter may assign or pledge this Service Agreement under the provisions of any mortgage, deed of trust, indenture, bank credit agreement, assignment or similar instrument which they have executed or may execute hereafter. Otherwise, neither Xxxxxxx nor Transporter may assign this Service Agreement or any of their rights hereunder unless they first obtain the consent in writing of the other party which consent will not be withheld unreasonably; provided further, however, that neither Xxxxxxx nor Transporter may be released from its obligations under this Service Agreement without the consent of the other, which consent will not be withheld unreasonably.

Pledge and Assignment. The School District hereby assigns and pledges to the Authority a sufficient portion of any and all public funds to be apportioned or otherwise to be made payable by the State to the School District to cover the payments required hereunder and directs and acknowledges that such amounts shall be paid directly to the Trustee as provided in the Act and the Memorandum of Understanding upon the occurrence of any Event of Default hereunder. Such assignment and pledge shall be irrevocable and shall continue until the date on which the liabilities of the Authority and the School District with respect to the Project have been discharged and the School District’s Proportionate Share of the Authority Bonds have been paid or otherwise discharged. The School District agrees that it will not create or suffer to be created any pledge or assignment of the public funds mentioned in this Section to be apportioned or otherwise payable by the State other than pledges or assignments to secure subsequent Series of Authority Bonds or to secure bonds issued by any agency or instrumentality of the United States of America or the State of New York or any authority, agency or political subdivision thereof, or as otherwise consented to in writing by the Authority.

Pledge and Assignment. Subject to the provisions of Article VI below, sell, transfer or pledge JV Member’s interests in the Company or any Subsidiary.

Pledge and Assignment. Each Pledgor hereby pledges and assigns to the Collateral Agent for its benefit and the ratable benefit of the Lenders, Agents and the other Holders, and grants to the Collateral Agent for its benefit and the ratable benefit of the Lenders, the Agents and the other Holders a security interest in, the following collateral (the "Collateral"): (i) the Account, all funds held therein and all certificates and instruments, if any, from time to time representing or evidencing the Account; (ii) all Investments (as hereinafter defined) from time to time, and all certificates and instruments, if any, from time to time representing or evidencing the Investments; (iii) all notes, certificates of deposit, deposit accounts, checks and other instruments from time to time hereafter delivered to or otherwise possessed by the Collateral Agent for or on behalf of such Pledgor in substitution for or in addition to any or all of the then existing Collateral; (iv) all interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the then existing Collateral; and (v) all proceeds of any and all of the foregoing Collateral.

Pledge and Assignment. The Pledgor hereby pledges and assigns to the Collateral Agent, for its benefit and the ratable benefit of the Administrative Agent, the Lenders and the LC Issuer, and grants to the Collateral Agent, for its benefit and the ratable benefit of the Administrative Agent, the Lenders and the LC Issuer, a security interest in, the following collateral (collectively, the “Collateral): (i) the Account, all funds held therein and all certificates and instruments, if any, from time to time representing or evidencing the Account; (ii) all Investments (as hereinafter defined) from time to time, and all certificates and instruments, if any, from time to time representing or evidencing the Investments; (iii) all notes, certificates of deposit, deposit accounts, checks and other instruments from time to time hereafter delivered to or otherwise possessed by the Collateral Agent for or on behalf of the Pledgor in substitution for or in addition to any or all of the then existing Collateral; (iv) all interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the then existing Collateral; and (v) all proceeds of any and all of the foregoing Collateral.

Pledge and Assignment. The Company hereby irrevocably pledges, assigns and sets over to the Trustee, and grants to the Trustee, for the benefit of the Holders of the Notes, a first priority continuing security interest in all of the Company's right, title and interest to all of the following, whether now owned or existing or hereafter acquired or created (collectively, the "Collateral"):

Pledge and Assignment. As security for the payment of all Obligations of the Pledgor in respect of the Letters of Credit, under the Reimbursement Agreement and under this Agreement, the Pledgor hereby irrevocably assigns and pledges to the Bank, and hereby grants to the Bank, a first priority security interest in (i) the Pledgor's account, number 323-351832 (for credit to Space Systems Loral Inc.), with the Bank at its offices at 270 Park Avenue, 20th Floor, New York, NY 10017 (hereinafter called xxx "Xxxx Xxxxxxxxxx Xxxxxxx") xxxxx Xxxx Xxxxxteral Account shall be under the sole dominion and control of the Bank, (ii) all cash from time to time deposited into the Cash Collateral Account, (iii) all Investments (as defined in Section 5 hereof) and certificates and instruments, if any, from time to time representing or evidencing the Cash Collateral Account and (iv) to the extent not covered by clauses (i) through (iii) above, all proceeds and products of any and all of the foregoing (collectively, the "Collateral"). Cash, Investments, security entitlements or other investments held or carried in the Cash Collateral Account shall not be available for use by the Pledgor or any of its subsidiaries or Affiliates for any purpose.

Pledge and Assignment.  The Board hereby pledges, assigns and transfers to IBank, in consideration of the receipt of the proceeds of each Series of Bonds in accordance with the provisions of the Master Trust Indenture,  all of the Board’s right, title and interest in and to the  Pledged Project Obligations, including all amounts received from time to time thereon, excluding Board Reserved Rights, and  amounts held in the funds and accounts established under Master Trust Indenture controlled by Board, including without limitation in each Restricted Assets Fund, each the Bond Proceeds Fund and each Prepayment Fund, subject to application in accordance with SectionSections 6.02, 6.04 and 6.05 of the Master Trust Indenture. IBank hereby accepts the above pledge, assignment and transfer. (a) The Board may release Pledged Project Obligations from the lien of this Agreement so as to become Excluded Pledged Project Obligations and substitute and add Project Obligations to the lien of this Agreement, all to the extent provided in Section 8.06 of the Master Trust Indenture. The Master Pledge and Payment Agreement shall be deemed amended upon providing and filing with the Trustee, IBank and each Rating Agency then rating the Bonds a Board Officer Certificate which provides for a revised Schedule I to the Master Payment and Pledge Agreement, in accordance with Section 8.06 of the Master Trust Indenture. (b) As security for the payment of the Bonds, pursuant to the Master Trust Indenture the IBank has assigned to the Trustee the Pledged Assets for the benefit of the Owners of the Bonds. The IBank hereby directs the Board to make the payments required to be made hereunder directly to the Trustee as more fully set forth in the Master Trust Indenture. The Board hereby agrees to such assignment and agrees to make such payments directly to the Trustee. The payments derived from the Pledged Project Obligations shall be applied and the rights so assigned shall be exercised by the IBank and the Trustee as provided in the Master Trust Indenture. (c) IBank shall not create a pledge, lien or charge upon the Pledged Assets other than as provided in this Master Trust Indenture; provided that, a pledge, lien or charge subject and subordinate to the pledge and xxxx created pursuant to the Master Trust Indenture may be created with the prior written consent of the Board. (d) The Board acknowledges that to the extent regulations of the Comptroller of the Currency or other applicable regulatory en...

Pledge and Assignment. The Grantor hereby grants and makes a common law pledge and assignment to the Lender of all Refinery Accounts (defined below) and all credit balances therein from time to time. “Refinery Accounts” means any account or allocation, and the credit balances in dollars or Minerals therein, of or for the benefit of the Grantor at or with any refinery or processing facility to which Minerals severed from or attributable to the Lands are delivered or held, expressly including all accounts of the Grantor presently in effect, or hereafter constituted, at [*].