Pledge and Grant Sample Clauses

The "Pledge and Grant" clause establishes that a party is providing a security interest or right over certain assets or property to another party, typically as collateral for a loan or obligation. In practice, this means the pledging party formally grants the lender or beneficiary the right to take possession of or enforce rights against the specified assets if certain conditions, such as default, occur. This clause is essential for securing obligations and reducing the lender's risk by ensuring there is a tangible asset backing the agreement.
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Pledge and Grant of Security Interest in ------------------------------------------------------------ Collateral. ---------- (a) On the Issuance Date, the Company and ▇▇▇▇▇▇▇ shall (i) enter into the Security Agreement, as Debtors, and (ii) for so long as the Notes are outstanding, each of the Company and ▇▇▇▇▇▇▇ shall comply in all respects with the terms of the Security Agreement, including without limitation, the obligation to, as and when required, (a) grant for the equal and ratable benefit of the Holders of the Notes a security interest in the Company's and ▇▇▇▇▇▇▇'▇ right, title and interest in and to the Collateral, (b) pledge Additional Collateral, and (c) to deliver certificates of Collateral Fair Market Value. (b) The Company and ▇▇▇▇▇▇▇ shall do or cause to be done all such acts and things as may be necessary or proper, or as may be required by the provisions of the Security Agreement, to assure and confirm to the Trustee the security interest in the Collateral, so as to render the same available for the security and benefit of this Indenture and the Notes secured hereby, according to the intent and purposes herein expressed. Each of the Company and ▇▇▇▇▇▇▇ shall take, or shall cause to be taken, upon request of the Trustee, any and all actions reasonably required to cause the Security Agreement to create and maintain, as security for the obligations of the Company and the Subsidiary Guarantors under this Indenture and the Notes, valid and enforceable first priority liens in and on the Collateral, in favor of the Collateral Agent, superior to and prior to the rights of third Persons and subject to no other Liens other than Liens pursuant to paragraph (b) of the definition of Permitted Liens. (c) The Collateral shall be held for the equal and ratable benefit of the Holders without preference, priority or distinction of any thereof over any other by reason of difference in time of issuance, sale or otherwise, as security for the Notes. (d) The Company shall be obligated to pledge, or cause its Subsidiaries to pledge, Additional Collateral:
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Pledge and Grant. As security for the due and punctual payment of the principal of and interest on the Obligations and the due and punctual payment of all such Obligations and other amounts due and to become due under the Loan and the performance and observance by Pledgor of all of the covenants made by Pledgor in the Loan Documents, Pledgor hereby pledges and grants to the Bank a security interest in each and all of the following (whether now existing or hereafter coming into existence): (i) All of Pledgor's right, title and interest in and to the Escalade Note; (ii) All of Pledgor's right, title and interest in and to all contracts, documents and agreements relating or pertaining in any way to the Escalade Note; and (iii) All proceeds of the foregoing. All of the foregoing revenues, funds, property and assets, including the Escalade Note, pledged and encumbered pursuant to this Agreement are referred to herein, collectively, as the "Pledged Property."
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Pledge and Grant. As security for the due and punctual payment of the principal of and interest on the Obligations and the due and punctual payment of all such Obligations and other amounts due and to become due under the Loan and the performance and observance by Indian-Mart▇▇ ▇▇ all of the covenants made by Indian-Mart▇▇ ▇▇ the Loan Documents, Indian-Mart▇▇ ▇▇▇eby pledges and grants to the Bank a security interest in each and all of the following (whether now existing or hereafter coming into existence): (i) All of Indian-Mart▇▇'▇ ▇▇▇ht, title and interest in and to the Escalade Note; (ii) All of Indian-Mart▇▇'▇ ▇▇▇ht, title and interest in and to all contracts, documents and agreements relating or pertaining in any way to the Escalade Note; and (iii) All proceeds of the foregoing. All of the foregoing revenues, funds, property and assets, including the Escalade Note, pledged and encumbered pursuant to this Agreement are referred to herein, collectively, as the "Pledged Property."
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Pledge and Grant. As security for the due and punctual payment of the principal of and interest on the Notes and the due and punctual payment of all other amounts due and to become due under the Trust Agreement and the performance and observance by the Issuer of all of the covenants made by the Issuer in the Trust Agreement, Issuer and Eligible Lender Trustee hereby pledge and grant to the Trustee a security interest in the following (whether now existing or hereafter coming into existence): (i) All the right, title and interest IN AND TO THE PLEDGED LOANS and in the Accounts (as defined in the Trust Agreement), including, without limitation, (a) all evidences of indebtedness thereof, and (b) all principal, interest, Special Allowance Payments, Interest Subsidy Payments and payments from Guarantors, whether payable from Guarantors or the Department of Education of the federal government, due and to become due thereon or in respect thereof; (ii) All the rights, title and interest in and to all contracts, documents and agreements relating or pertaining in any way to the Pledged Loans, including, but not limited to, the Basic Documents (as defined in the Trust Agreement). (iii) All proceeds of the foregoing. All of the foregoing revenues, funds, property and assets of Issuer and Eligible Lender Trustee pledged and encumbered pursuant to this Pledge Agreement are referred to herein, collectively, as the TRUST ESTATE. By taking the foregoing action, the Eligible Lender Trustee is pledging only its interest in the Trust Estate and is not acquiring any liability under the Trust Agreement beyond its interest in the Trust Estate.
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Pledge and Grant. To secure Obligations, THE PLEDGOR HEREBY: (i) grants to the Pledgee a security interest in and to all of Pledgor's right, title and interest in, to and under the Physical Securities, the Brokerage Accounts and all other Collateral (as such terms are hereinafter defined), whether now owned or hereafter acquired by the Pledgor; (ii) pledges and deposits as security with the Pledgee all of the Pledgor's Physical Securities and delivers to the Pledgee the certificates evidencing same, accompanied by stock power(s) duly executed in blank by the Pledgor covering the same; (iii) with respect to the Pledgor's Brokerage Account(s), executes and delivers to the Pledgee, for countersignature and delivery to the financial intermediary maintaining the same, a Brokerage Account Control Instruction letter in the form of Exhibit A (each, a "Control Instruction"); and (iv) otherwise assigns, transfers, hypothecates, mortgages, charges and sets over to the Pledgee all of the Pledgor's right, title and interest in and to all Collateral, whether now owned or hereafter acquired by the Pledgor, to be held by the Pledgee upon the terms and conditions set forth in this Agreement.
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Pledge and Grant. Except as limited by Section 2.2 hereof, each Guarantor hereby pledges and grants to Lender, as collateral security for the prompt and complete payment and performance when due of all of Guarantors’ obligations under this Guaranty (the “Obligations”), a first-priority security interest in all of such Guarantor’s right, title, and interest in and to the following (the “Collateral”), whether now owned or hereafter acquired (capitalized terms used but not defined in this Section 2.1 shall have the meaning assigned to them in the Uniform Commercial Code as in effect in the State of Delaware (the “UCC”)): (a) all Accounts; (b) all Equipment (including motor vehicles used primarily for commercial purposes), Goods, Inventory and Fixtures; (c) all Documents, Instruments and Chattel Paper; (d) all Letter-of-Credit Rights (whether or not the letter of credit is evidenced by a writing); (e) all membership, partnership or other equity interests of any entity other than a corporation, whether certificated or uncertificated (collectively, “Pledged Interests”), together with all rights, privileges, authority and powers of Guarantor relating to such interests or under any organizational document of each issuer of such interests, and the certificates, instruments and agreements representing such membership, partnership or other interests and any and all interest of Guarantor in the entries on the books of any financial intermediary pertaining to such interests; (f) all issued and outstanding shares of capital stock of any corporation, whether certificated or uncertificated (collectively, the “Pledged Shares” and, together with the Pledged Interests, the “Securities Collateral”), together with all rights, privileges, authority and powers of Guarantor relating to such shares or under any organizational document of each issuer of such shares, and the certificates, instruments and agreements representing such shares of capital stock and any and all interest of Guarantor in the entries on the books of any financial intermediary pertaining to such shares; (g) all Investment Property; (h) all General Intangibles; (i) all Deposit Accounts; (j) all Supporting Obligations; (k) all books and records pertaining to the Collateral; (l) all Proceeds and products of each of the foregoing and all accessions to, substitutions and replacements for, and rents, profits and products of, each of the foregoing, and any and all Proceeds of any insurance, indemnity, warranty or guaranty payable to ...
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Related to Pledge and Grant

  • Pledge and Grant of Security Interest As collateral security for all of the Obligations (as defined in Section 3 hereof), the Pledgor hereby pledges and assigns to the Collateral Agent, and grants to the Collateral Agent, for the benefit of the Agents and the Lenders, a continuing security interest in and Lien on the Pledgor’s right, title and interest in and to the following (collectively, the “Pledged Collateral”): (a) the shares of stock, partnership interests, member interests and other equity interests described in Schedule I hereto (the “Pledged Shares”), whether or not evidenced or represented by any stock certificate, certificated security or other instrument, issued by the Borrower described in such Schedule I (the “Pledged Issuers”), the certificates representing the Pledged Shares, all options and other rights, contractual or otherwise, in respect thereof and all dividends, distributions, cash, instruments, investment property and other property (including but not limited to, any stock dividend and any distribution in connection with a stock split) from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the Pledged Shares; (b) all additional shares of stock, partnership interests, member interests or other equity interests from time to time acquired by the Pledgor, of the Pledged Issuers, the certificates representing such additional shares, all options and other rights, contractual or otherwise, in respect thereof and all dividends, distributions, cash, instruments, investment property and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such additional shares, interests or equity; (c) all security entitlements of the Pledgor in any and all of the foregoing; and (d) all proceeds (including proceeds of proceeds) of any and all of the foregoing; in each case, whether now owned or hereafter acquired by the Pledgor and howsoever its interest therein may arise or appear (whether by ownership, security interest, Lien, claim or otherwise).

  • Pledge and Security Agreement The security interest granted pursuant to this Agreement is granted in conjunction with the security interest granted to the Security Agent for the Secured Parties pursuant to the Pledge and Security Agreement, and the Grantors hereby acknowledge and affirm that the rights and remedies of the Security Agent with respect to the security interest in the Copyright Collateral made and granted hereby are more fully set forth in the Pledge and Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Agreement is deemed to conflict with the Pledge and Security Agreement, the provisions of the Pledge and Security Agreement shall control.

  • Stock Pledge Agreement The term "Stock Pledge Agreement" shall have the meaning set forth in Section 6.3(xiii).

  • Pledge Agreements Neither the Pledge Agreement nor the Holdings Guaranty and Pledge Agreement, nor any provision thereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Credit Parties party thereto, and by the Administrative Agent with the consent of the Required Lenders, provided that, without the prior consent of each Lender, the Administrative Agent shall not (except as provided herein or in the Pledge Agreement) release all or any substantial part of the collateral or otherwise terminate all or any substantial part of the Liens under the Pledge Agreement or the Holdings Guaranty and Pledge Agreement or the Guarantee under the Holdings Guaranty and Pledge Agreement, agree to additional obligations being secured by all or any substantial part of such collateral (unless the Lien for such additional obligations shall be junior to the Lien in favor of the other obligations secured by the Pledge Agreement or the Holdings Guaranty and Pledge Agreement, in which event the Administrative Agent may consent to such junior Lien provided that it obtains the consent of the Required Lenders thereto), alter the relative priorities of the obligations entitled to the benefits of the Liens created under the Pledge Agreement or the Holdings Guaranty and Pledge Agreement with respect to all or any substantial part of such collateral, except that no such consent shall be required, and the Administrative Agent is hereby authorized, (i) to release any Lien covering property that is the subject of either a disposition of property permitted hereunder or a disposition to which the Required Lenders have consented, and (ii) in the case of any equity interest in (x) any Foreign Subsidiary owned directly by the Company or any Subsidiary Guarantor, to release any Lien in favor of the Administrative Agent pursuant to the Pledge Agreement to the extent covering more than 65% of the voting capital stock of such Foreign Subsidiary (it being understood that the Administrative Agent shall not be required to release any other capital stock of a Foreign Subsidiary owned directly by the Company or any Subsidiary Guarantor), and (y ) any Foreign Subsidiary which is not owned directly by the Company or any Subsidiary Guarantor, to release any lien in favor of the Administrative Agent pursuant to the Pledge Agreement on any equity interests in such Foreign Subsidiary. Nothing in this Section 10.02(d) shall be deemed to limit the provisions of Section 10.12.

  • Negative Pledge Agreements; Dividend Restrictions The Borrower will not, and will not permit any Restricted Subsidiary to, create, incur, assume or suffer to exist any contract, agreement or understanding which prohibits or restricts the granting, conveying, creation or imposition of any Lien on any of its Property in favor of the Administrative Agent and the Lenders or restricts any Restricted Subsidiary from paying dividends or making distributions to the Borrower or any other Restricted Subsidiary, or which requires the consent of other Persons in connection therewith; provided, however, that the preceding restrictions will not apply to encumbrances or restrictions arising under or by reason of (a) this Agreement or the Security Instruments, (b) any leases or licenses or similar contracts as they affect any Property or Lien, (c) any restriction with respect to a Restricted Subsidiary imposed pursuant to an agreement entered into for the direct or indirect sale or disposition of all or substantially all the Equity Interests or Property of such Restricted Subsidiary pending the closing of such sale or disposition, (d) customary provisions with respect to the distribution of Property in joint venture agreements, (e) any agreements with respect to any Restricted Subsidiary acquired in a transaction permitted by Section 9.05 (in which case, any prohibition or limitation shall only be effective against the Property of such Restricted Subsidiary) and (f) any agreements governing Debt permitted by Section 9.02 incurred by the Borrower or any Restricted Subsidiary.