Pledge and Grant of Security Interests Sample Clauses

Pledge and Grant of Security Interests. Pledgor hereby pledges, collaterally assigns, hypothecates and transfers to Lender all Pledged Stock, together with appropriate undated assignments separate from the Certificates duly executed in blank, and hereby grants to and creates in favor of Lender liens and security interests in the Pledged Stock as collateral security for (a) the due and punctual payment when due (whether at maturity, by acceleration or otherwise) in full of all amounts due under the Senior Loans (as the same may be amended, restated, supplemented, modified, extended or replaced from time to time) in the aggregate face amount as of the date hereof of $25,000,000 executed and delivered by Pledgor to Lender pursuant to the Loan Agreement; (b) the due and punctual performance and observance by Pledgor of all other Borrower’s Liabilities; (c) the due and punctual performance and observance by Pledgor of all of its agreements, obligations, liabilities and duties under this Pledge Agreement, the Loan Agreement and the other Loan Documents; (d) all amounts due to the Lender under the Senior Notes, including any and all modifications, extensions, renewals or refinancings thereof and including, without limitation, all principal, interest and other amounts due under the Senior Notes; (e) all sums advanced by, or on behalf of, the Lender in connection with, or relating to, the Loan Agreement, the Senior Notes or the Pledged Stock including, without limitation, any and all sums advanced to preserve the Pledged Stock, or to perfect the Lender’s security interest in the Pledged Stock; (f) in the event of any proceeding to enforce the satisfaction of the obligations, or any of them, or to preserve and protect their rights under the Loan Agreement, the Senior Notes, this Pledge Agreement or any other agreement, document or instrument relating to the transactions contemplated in the Loan Agreement, the reasonable expenses of retaking, holding, preparing for sale, selling or otherwise disposing of or realizing on the Pledged Stock, or of any exercise by the Lender of its rights, together with reasonable attorneys’ fees, expenses and court costs; (g) any indebtedness, obligation or liability of the Pledgor to the Lender, whether direct or indirect, joint or several, absolute or contingent, now or hereafter existing, however created or arising and however evidenced; (h) any indebtedness, obligation or liability of the Pledgor under or in connection with any Interest Rate Protection Agreement; and (i) ...

Pledge and Grant of Security Interests. (a) In order to secure the full and punctual payment of the Obligations in accordance with the terms thereof, the Pledgor hereby pledges to and with the Administrative Agent for the ratable benefit of itself, the Banks, the Syndication Agent and the Documentation Agent and grants to the Administrative Agent on behalf of itself, the Banks, the Syndication Agent and the Documentation Agent a security interest in the Collateral. (b) On any date on which the Pledgor desires to pledge Shares hereunder, the Pledgor shall deliver or cause to be delivered to the Administrative Agent or its nominee: (i) a Supplement to this Agreement in the form of Annex A hereto identifying such Shares; and (ii) certificates representing such Shares duly endorsed by the Pledgor or accompanied by undated stock powers duly executed in blank by the Pledgor and in form appropriate in the judgment of the Administrative Agent to transfer record ownership of such Shares to the Administrative Agent or its nominee. (c) On the First Pledge Date and at such other times as may be required under Section 3.3(c), the Pledgor shall deliver or cause to be delivered to the Administrative Agent or its nominee certificates representing all of the issued and outstanding shares of the capital stock of the Borrower duly endorsed by the Pledgor or accompanied by undated stock powers duly executed in blank by the Pledgor and in form appropriate in the judgment of the Administrative Agent to transfer record ownership of such shares to the Administrative Agent or its nominee. (d) On each date, if any, on which a Parent Subsidiary Agreement shall have been executed and delivered by all of the parties thereto, the Pledgor shall deliver or cause to be delivered to the Administrative Agent or its nominee certificates representing all of the issued and outstanding shares of the capital stock of the Parent Subsidiary party thereto in which the Pledgor has any right, title or interest duly endorsed by the Pledgor or accompanied by undated stock powers duly executed in blank by the Pledgor and in form appropriate in the judgment of the Administrative Agent to transfer record ownership of such shares to the Administrative Agent or its nominee. (e) The Security Interests are granted as security only and shall not subject the Banks, the Syndication Agent, the Documentation Agent or the Administrative Agent to, or transfer or in any way affect or modify, any obligation or liability of the Pledgor with respect to any of...

Pledge and Grant of Security Interests. The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of itself and the Lenders, all of the Pledged Stock and hereby grants to the Administrative Agent, for the ratable benefit of itself and the Lenders, a first priority security interest in such Pledged Stock and all other Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Secured Obligations.

Pledge and Grant of Security Interests. Pledgor hereby -------------------------------------- pledges and assigns to Agent for the benefit of the Banks, and hereby grants to Agent for the benefit of the Banks a security interest in, all of Pledgor's right, title and interest in and to the following (the "PLEDGED COLLATERAL"):

Pledge and Grant of Security Interests. The Company hereby grants to the Administrative Agent, for the benefit of the Secured Parties, a security interest in the Collateral, whether presently existing or owned or at any time hereafter arising or acquired by the Company or in which the Company now has or at any time in the future may acquire any right, title or interest, and any and all additions, attachments, accessories and accessions thereto, and any and all substitutions, replacements or exchanges therefor, and any and all Proceeds, Supporting Obligations and products thereof and any and all collateral security and guarantees given by any Person with respect to such Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Company’s Secured Obligations.

Pledge and Grant of Security Interests. Each Grantor hereby grants to the Administrative Agent, for the benefit of the Secured Parties, a security interest in the Collateral, whether presently existing or owned or at any time hereafter arising or acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest, and any and all additions, attachments, accessories and accessions thereto, and any and all substitutions, replacements or exchanges therefor, and any and all Proceeds, Supporting Obligations and products thereof and any and all collateral security and guarantees given by any Person with respect to such Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of such Grantor’s Secured Obligations.

Pledge and Grant of Security Interests. Pledgor hereby pledges, assigns, hypothecates and transfers to Secured Party, its successors and assigns, all Pledged Stock and hereby grants to and creates in favor of Secured Party first priority liens and security interests in the Pledged Stock, as collateral security for (i) the due and punctual payment when due (whether at maturity by acceleration or otherwise) in full of all amounts due under the Loans; (ii) the due and punctual performance and observance by Pledgor and the other Borrowers of their respective agreements, obligations, liabilities and duties under this Pledge Agreement, the Credit Agreement and all other documents executed in connection with the Loans (the "Loan Documents"); and (iii) all costs incurred by Secured Party to obtain, perfect, preserve and enforce the liens and security interests granted by this Pledge Agreement, to collect the Obligations Secured Hereby (as hereinafter defined) and to maintain and preserve the Pledged Stock, with such costs including but not limited to expenditures made by Secured Party for reasonable attorneys' fees and other legal expenses and expenses of collection, possession and sale of the Pledged Stock, together with interest on all such costs at the Default Interest Rate (as defined in the Loan Documents) (the foregoing subsections (i), (ii) and (iii) are collectively referred to herein as the "Obligations Secured Hereby").

Pledge and Grant of Security Interests. As security for the payment or performance of (i) any and all of the Applicant's obligations and/or liabilities to the Bank under this Agreement (including the contingent obligation under paragraph 11 to pay or deliver to the Bank the maximum amount available under the Credit whether or not a drawing, claim or demand for payment has been made under the Credit) and (ii) all other obligations and/or liabilities of the Applicant to the Bank, absolute or contingent, due or to become due, or which are now or may at any time(s) hereafter be owing by the Applicant to the Bank, the Applicant hereby: (1) pledges and/or grants to the Bank a continuing lien upon and assignment of all right, title and interest of the Applicant in and to the balance of every deposit account, now or at any time hereafter existing, of the Applicant with any office of the Bank or any affiliate or subsidiary thereof, wherever located, and any other claims of the Applicant against any office of the Bank or any affiliate or subsidiary thereof, and in and to all money, instruments, securities, documents, chattel paper, demands, precious metals, funds, and all claims and demands and rights and interest therein of the Applicant, and in and to all evidences thereof, which have been or at any time shall be delivered to or otherwise come into the possession, custody or control of any office of the Bank or any affiliate or subsidiary thereof, or into the possession, custody or control of any affiliate, agent or correspondent of any such entity for any purpose, whether or not for the express purpose of being used by any such entity as collateral, security or for safekeeping and the Bank shall be deemed to have possession, custody or control of all such property actually in transit to, or set apart for, it or any of its affiliates or subsidiaries (or any of their agents, property actually in transit to, or set apart for, it or any of its affiliates or subsidiaries (or any of their agents, correspondents or others acting in their behalf), it being understood that the receipt at any time by such entities (or any of their agents, correspondents, or others acting in their behalf), of other security of whatever nature, 4 including cash, shall not be deemed a waiver of any of the Bank's rights or powers hereunder. The Applicant agrees that such affiliates or subsidiaries shall be agent(s) of the Bank for the purpose of perfecting a security interest in any such deposit accounts or other property; and (2) p...

Pledge and Grant of Security Interests. Each of Pierre Foods, LLC and the Company hereby acknowledge that (i) the three-year secured promissory note evidencing the Hoggs Loan and (ii) the promissory note evidencing the Mom'n' Pop's Loan (collectively, the "Pledged Notes") have been pledged to the Agent and, in each case, constitute Collateral under the Security Agreement.

Pledge and Grant of Security Interests. To the extent not previously delivered, each Pledgor hereby delivers to the Administrative Agent in the State of New York, for the ratable benefit of itself and the Lenders, all of the Pledged Stock of such Pledgor and all originally executed promissory notes evidencing the Pledged Debt and hereby grants and acknowledges its previous grant to the Administrative Agent, for the ratable benefit of itself and the Lenders, a first priority security interest in such Pledged Stock, Pledged Debt, Partnership/LLC Interests and all other Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Secured Obligations.