Pledge and Transfer of Pledged Shares. The Pledgor hereby grants to Pledgee an irrevocable, first priority security interest in all Pledged Shares as security for the Company's Obligations. Simultaneously with the execution of the Transaction Documents, the Pledgor shall deliver to the Escrow Agent stock certificates made out in favor of the Pledgor representing the Pledged Shares, together with duly executed stock powers or other appropriate transfer documents with medallion bank guarantees and executed in blank by the Pledgor (the "Transfer Documents"), and such stock certificates and Transfer Documents shall be held by the Escrow Agent until the full payment of all Obligations due to the Pledgee, including the repayment of all amounts owed by the Company to the Pledgee under the Convertible Debentures (whether outstanding principal, interest, legal fees, or any other amounts owed to the Pledgee by the Company).
Appears in 14 contracts
Samples: Insider Pledge and Escrow Agreement (Poseidis Inc), Insider Pledge and Escrow Agreement (Ivi Communications Inc), Insider Pledge and Escrow Agreement (Sensor System Solutions Inc)
Pledge and Transfer of Pledged Shares. The Pledgor hereby grants to Pledgee an irrevocable, first priority security interest in all Pledged Shares as security for the Company's ’s Obligations. Simultaneously with the execution of the Transaction Documents, the Pledgor shall deliver to the Escrow Agent stock certificates made out in favor of the Pledgor representing the Pledged Shares, together with duly executed stock powers or other appropriate transfer documents with medallion bank guarantees and executed in blank by the Pledgor (the "“Transfer Documents"”), and such stock certificates and Transfer Documents shall be held by the Escrow Agent until the full payment of all Obligations due to the Pledgee, including the repayment of all amounts owed by the Company to the Pledgee under the Convertible Debentures (whether outstanding principal, interest, legal fees, or any other amounts owed to the Pledgee by the Company).
Appears in 6 contracts
Samples: Insider Pledge and Escrow Agreement (I2 Telecom International Inc), Insider Pledge and Escrow Agreement (Pacer Health Corp), Insider Pledge and Escrow Agreement (I2 Telecom International Inc)
Pledge and Transfer of Pledged Shares. 1.1. The Pledgor hereby grants to Pledgee an irrevocable, first priority a security interest in all Pledged Shares as security for Pledgor’s obligations to the Company's Pledgee (the “Obligations”) under the Convertible Debentures. Simultaneously with the execution of the Transaction Documentsthis Agreement, the Pledgor shall deliver to the Escrow Agent stock certificates made out in favor of the Pledgor representing the Pledged Shares, together with duly executed stock powers or other appropriate transfer documents with medallion bank guarantees and executed in blank by the Pledgor (the "“Transfer Documents"”), and such stock certificates and Transfer Documents shall be held by the Escrow Agent pursuant to this Agreement until the full payment of all Obligations amounts due to the Pledgee, including the repayment of all amounts owed by the Company to the Pledgee under the Convertible Debentures (whether outstanding principal, interest, legal feesand through repayment in accordance with the terms of the Convertible Debentures, or any other amounts owed to the Pledgee by the Company)termination or expiration of this Agreement.
Appears in 5 contracts
Samples: Pledge and Escrow Agreement (McKenzie Bay International LTD), Pledge and Escrow Agreement (Barnabus Energy, Inc.), Pledge and Escrow Agreement (Y3k Secure Enterprise Software Inc)
Pledge and Transfer of Pledged Shares. The Pledgor hereby grants to Pledgee an irrevocable, first priority security interest in all Pledged Shares as security for the Company's Obligationsobligations under the Transaction Documents. Simultaneously with On or before the execution closing of the Transaction Documents, the Pledgor shall deliver to the Escrow Agent stock certificates made out in favor of the Pledgor representing the Pledged Shares, together with duly executed stock powers or other appropriate transfer documents with medallion bank guarantees and executed in blank by the Pledgor (the "Transfer Documents"), and such stock certificates and Transfer Documents shall be held by the Escrow Agent until the full payment of all Obligations due to the PledgeePledgee under the Transaction Documents, including the repayment of all amounts owed by the Company to the Pledgee under the Convertible Debentures Promissory Notes (whether outstanding principal, interest, legal fees, or any other amounts owed to the Pledgee by the Company).
Appears in 3 contracts
Samples: Pledge and Escrow Agreement (Cord Blood America, Inc.), Insider Pledge and Escrow Agreement (Cord Blood America, Inc.), Pledge and Escrow Agreement (Cord Blood America, Inc.)
Pledge and Transfer of Pledged Shares. 1.1. The Pledgor hereby grants to Pledgee an irrevocable, first priority a security interest in all Pledged Shares as security for Pledgor's obligations to the Company's Pledgee (the "Obligations") under the Convertible Debentures. Simultaneously with the execution of the Transaction Documentsthis Agreement, the Pledgor shall deliver to the Escrow Agent stock certificates made out in favor of the Pledgor representing the Pledged Shares, together with duly executed stock powers or other appropriate transfer documents with medallion bank guarantees and executed in blank by the Pledgor (the "Transfer Documents"), and such stock certificates and Transfer Documents shall be held by the Escrow Agent pursuant to this Agreement until the full payment of all Obligations amounts due to the Pledgee, including the repayment of all amounts owed by the Company to the Pledgee under the Convertible Debentures (whether outstanding principal, interest, legal feesand through repayment in accordance with the terms of the Convertible Debentures, or any other amounts owed to the Pledgee by the Company)termination or expiration of this Agreement.
Appears in 3 contracts
Samples: Pledge and Escrow Agreement (Hugo International Telecom Inc), Pledge and Escrow Agreement (Directview Inc), Pledge and Escrow Agreement (Ivi Communications Inc)
Pledge and Transfer of Pledged Shares. 1.1. The Pledgor hereby grants to Pledgee an irrevocable, first priority a security interest in all Pledged Shares as security for the Company's Obligations’s obligations under the Units and Debentures. Simultaneously with the execution of the Transaction Documents, the Pledgor shall deliver to the Escrow Agent stock certificates made out in favor of the Pledgor representing the Pledged Shares, in such denominations as requested by the Pledgee, together with duly executed stock powers or other appropriate transfer documents with medallion bank guarantees and executed in blank by the Pledgor (the "“Transfer Documents"”), and such stock certificates and Transfer Documents shall be held by the Escrow Agent until the full payment of all Obligations amounts due to the Pledgee, including the repayment of all amounts owed by the Company to the Pledgee under the Convertible Units and Debentures (whether outstanding principal, interest, legal feesand through repayment in accordance with the terms of the Units and Debentures, or any other amounts owed to the Pledgee by the Company)termination or expiration of this Agreement.
Appears in 3 contracts
Samples: Pledge Agreement (Man Shing Agricultural Holdings, Inc), Pledge Agreement (Man Shing Agricultural Holdings, Inc), Pledge Agreement (Man Shing Agricultural Holdings, Inc)
Pledge and Transfer of Pledged Shares. 1.1. The Pledgor hereby grants to Pledgee an irrevocable, first priority a security interest in all Pledged Shares as security for the Company's Obligations’s obligations under the Convertible Redeemable Debentures. Simultaneously with Prior to disbursement of proceeds to the execution of the Transaction DocumentsCompany, the Pledgor shall deliver to the Escrow Agent stock certificates made out in favor of the Pledgor representing the Pledged Shares, in such denominations as requested by the Pledgee, together with duly executed stock powers or other appropriate transfer documents with medallion bank guarantees and executed in blank by the Pledgor (the "“Transfer Documents"”), and such stock certificates and Transfer Documents shall be held by the Escrow Agent until the full payment of all Obligations amounts due to the Pledgee, including the repayment of all amounts owed by the Company to the Pledgee under the Convertible Redeemable Debentures (whether outstanding principal, interest, legal feesand through repayment in accordance with the terms of the Convertible Redeemable Debentures, or any other amounts owed to the Pledgee by the Company)termination or expiration of this Agreement.
Appears in 2 contracts
Samples: Securities Purchase Agreement (MobiVentures Inc.), Pledge Agreement (MobiVentures Inc.)
Pledge and Transfer of Pledged Shares. The Pledgor hereby grants to Pledgee an irrevocable, first priority security interest in all Pledged Shares as security for the Company's Obligations. Simultaneously with On or before the execution closing of the Transaction Documents, the Pledgor shall deliver to the Escrow Agent stock certificates made out in favor of the Pledgor representing the Pledged Shares, together with duly executed stock powers or other appropriate transfer documents with medallion bank guarantees and executed in blank by the Pledgor (the "Transfer Documents"), and such stock certificates and Transfer Documents shall be held by the Escrow Agent until the full payment of all Obligations due to the Pledgee, including the repayment of all amounts owed by the Company to the Pledgee under the Convertible Debentures (whether outstanding principal, interest, legal fees, or any other amounts owed to the Pledgee by the Company).
Appears in 2 contracts
Samples: Officer Pledge and Escrow Agreement (Netfabric Holdings, Inc), Officer Pledge and Escrow Agreement (Netfabric Holdings, Inc)
Pledge and Transfer of Pledged Shares. The Pledgor hereby grants to Pledgee an irrevocable, first priority a security interest in all Pledged Shares as security for Pledgor’s obligations to the Company's Pledgee (the “Obligations”) under the Convertible Debentures. Simultaneously with the execution of the Transaction Documentsthis Agreement, the Pledgor shall deliver to the Escrow Agent stock certificates made out in favor of the Pledgor representing the Pledged Shares, together with duly executed stock powers or other appropriate transfer documents with medallion bank guarantees and executed in blank by the Pledgor (the "“Transfer Documents"”), and such stock certificates and Transfer Documents shall be held by the Escrow Agent pursuant to this Agreement until the full payment of all Obligations amounts due to the Pledgee, including the repayment of all amounts owed by the Company to the Pledgee under the Convertible Debentures (whether outstanding principal, interest, legal feesand through repayment in accordance with the terms of the Convertible Debentures, or any other amounts owed to the Pledgee by the Company)termination or expiration of this Agreement.
Appears in 2 contracts
Samples: Pledge and Escrow Agreement (Compliance Systems Corp), Pledge and Escrow Agreement (Deep Field Technologies, Inc.)
Pledge and Transfer of Pledged Shares. 1.1. The Pledgor hereby grants to Pledgee an irrevocable, first priority Pledgees a security interest in all Pledged Shares as security for the Company's Obligationsobligations under the Subsidiary Loan Agreement, Guaranty and Warrants. Simultaneously with the execution of the Transaction Documents, the Pledgor shall deliver to the Escrow Agent stock certificates made out in favor of the Pledgor representing the Pledged Shares, in such denominations as requested by the Pledgees, together with duly executed stock powers or other appropriate transfer documents with medallion bank guarantees and executed in blank by the Pledgor (the "“Transfer Documents"”), and such stock certificates and Transfer Documents shall be held by the Escrow Agent until the full payment of all Obligations amounts due to the Pledgee, including the repayment of all amounts owed by the Company to the Pledgee Pledgees under the Convertible Debentures (whether outstanding principal, interest, legal feesSubsidiary Loan Agreement through repayment in accordance with the terms of the Subsidiary Loan Agreement, or any other amounts owed to the Pledgee by the Company)termination or expiration of this Agreement.
Appears in 2 contracts
Samples: Pledge Agreement (Decor Products International, Inc.), Pledge Agreement (Decor Products International, Inc.)
Pledge and Transfer of Pledged Shares. The Pledgor hereby grants to Pledgee an irrevocable, first priority security interest in all Pledged Shares as security for the Company's ’s Obligations. Simultaneously with the execution of the Transaction Documents, the Pledgor shall deliver to the Escrow Agent stock certificates made out in favor of the Pledgor representing the Pledged Shares, together with duly executed stock powers or other appropriate transfer documents with medallion bank guarantees and executed in blank by the Pledgor (the "“Transfer Documents"”), and such stock certificates and Transfer Documents shall be held by the Escrow Agent until the full payment of all Obligations due to the Pledgee, including the repayment or conversion of all amounts owed by the Company to the Pledgee under the Convertible Debentures (whether outstanding principal, interest, legal fees, or any other amounts owed to the Pledgee by the Company).
Appears in 1 contract
Samples: Insider Pledge and Escrow Agreement (SaVi Media Group, Inc.)
Pledge and Transfer of Pledged Shares. The Pledgor hereby grants to Pledgee an irrevocable, first priority security interest in all Pledged Shares as security for the CompanyPledgor's Obligationsobligations under the Transaction Documents. Simultaneously with On or before the execution closing of the Transaction Documents, the Pledgor shall deliver to the Escrow Agent stock certificates made out in favor of the Pledgor representing the Pledged Shares, together with duly executed stock powers or other appropriate transfer documents with medallion bank guarantees and executed in blank by the Pledgor (the "Transfer Documents"), and such stock certificates and Transfer Documents shall be held by the Escrow Agent until the full payment of all Obligations due to the PledgeePledgee under the Transaction Documents, including the repayment of all amounts owed by the Company Pledgor to the Pledgee under the Convertible Debentures Promissory Notes (whether outstanding principal, interest, legal fees, or any other amounts owed to the Pledgee by the CompanyPledgor).
Appears in 1 contract
Pledge and Transfer of Pledged Shares. The Pledgor Pledgors hereby grants grant to Pledgee an irrevocable, first priority security interest in all Pledged Shares as security for the Company's ’s Obligations. Simultaneously with the execution of the Transaction Documents, the Pledgor Pledgors shall deliver to the Escrow Agent stock certificates made out in favor of the Pledgor Pledgors representing the Pledged Shares, together with duly executed stock powers or other appropriate transfer documents with medallion bank guarantees and executed in blank by the Pledgor Pledgors (the "“Transfer Documents"”), and such stock certificates and Transfer Documents shall be held by the Escrow Agent until the full payment of all Obligations due to the Pledgee, including the repayment of all amounts owed by the Company to the Pledgee under the Convertible Debentures (whether outstanding principal, interest, legal fees, or any other amounts owed to the Pledgee by the Company).
Appears in 1 contract
Samples: Insider Pledge and Escrow Agreement (Airbee Wireless, Inc.)