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. The Pledgor hereby pledges and assigns to the Collateral Agent for its benefit and the ratable benefit of the Lenders, and grants to the Collateral Agent for its benefit and the ratable benefit of the Lenders 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 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 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. Pledgor hereby pledges and assigns to Agent (for the benefit of Lenders), and grants to Agent (for the benefit of Lenders) a continuing general lien and first priority security interest in, to and under all of Pledgor's right, title and interest in, to and under the following collateral, in each case, whether now owned or hereafter acquired by Pledgor, wherever located and whether now or hereafter existing (collectively, the "Account Collateral"):
(i) the Senior Additional Reserve Account and all financial assets credited thereto and all funds held therein;
(ii) all interest, dividends, cash, investments, investment property, 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 Senior Additional Reserve Account;
(iii) all contract rights, general intangibles, powers, options, privileges and immunities, and other rights pertaining to the Senior Additional Reserve Account, including the right to make withdrawals therefrom;
(iv) all instruments, certificates and documents now or hereafter representing or evidencing the Senior Additional Reserve Account;
(v) any securities, notes, bonds, commercial paper or other instruments (whether held in certificated, uncertificated or book-entry form) held by the Depository from time to time in connection with the investment of the amounts held in the Senior Additional Reserve Account;
(vi) any interest in any property or asset of any kind received, wholly or partly, in trade or exchange for any of the foregoing; and
(vii) all replacements, substitutions, renewals and all proceeds of any and all of the foregoing.
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. Grantors hereby grant and make a common-law pledge and assignment to the Beneficiary 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 a Grantor at or with any refinery, smelter or processing facility to which Minerals severed from or attributable to the Lands are delivered or held.
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, (i) pursuant to Section 364(c)(1) of the Bankruptcy Code, an allowed superpriority administrative expense claim in the Bankruptcy Proceeding and (ii) pursuant to Section 364(c)(2) of the Bankruptcy Code a first priority security interest in (w) the Pledgor’s account, number 323-351832 (for credit to Space Systems Loral Inc.), with the Bank at its offices at 200 Xxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000 (hereinafter called the “Cash Collateral Account”) which Cash Collateral Account shall be under the sole dominion and control of the Bank, (x) all cash from time to time deposited into the Cash Collateral Account, (y) 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 (z) to the extent not covered by clauses (w) through (y) 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, whether pursuant to Section 363 of the Bankruptcy Code or otherwise.
